KLSE (MYR): AAX (5238)
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Last Price
1.38
Today's Change
-0.01 (0.72%)
Day's Change
1.37 - 1.43
Trading Volume
1,129,600
Market Cap
617 Million
NOSH
447 Million
Avg Volume (4 weeks)
4,014,435
4 Weeks Range
1.28 - 1.87
4 Weeks Price Volatility (%)
52 Weeks Range
1.17 - 2.63
52 Weeks Price Volatility (%)
Previous Close
1.39
Open
1.39
Bid
1.38 x 11,700
Ask
1.39 x 84,500
Day's Range
1.37 - 1.43
Trading Volume
1,129,600
Latest Quarter | Ann. Date
31-Dec-2023 [#4] | 01-Mar-2024
Next QR | Est. Ann. Date
31-Mar-2024 | 29-May-2024
T4Q P/E | EY
1.68 | 59.40%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.29 | 4.76
T4Q NP Margin | ROE
14.49% | 282.66%
2024-03-19
2024-03-19
2024-03-18
2024-03-15
2024-03-15
2024-03-14
Sector: CONSUMER PRODUCTS & SERVICES
Sector: CONSUMER PRODUCTS & SERVICES
Subsector: TRAVEL, LEISURE & HOSPITALITY
Subsector: TRAVEL, LEISURE & HOSPITALITY
Description:
AirAsia X Berhad is a Malaysia-based company, which is engaged in providing long-haul air transportation services. It operates a fleet of more than 25 A330-300 aircraft. The airline serves the geographical region of North Asia, Australia, and West Asia and the Middle East and derives revenue through freight services, aircraft operating lease income, management fees and through other activity. It also offers management logistical and marketing services, and engine and aircraft leasing services.
Do you have a case to take legal action against Maybank IBs gave a TP of RM 3.40 ( gross negligence in getting so many figures and facts wrong) then and now revised TP down to RM 1.52 and cause you to lose your hard earned money?
KUALA LUMPUR: AirAsia X Bhd's (AAX) results for the fourth quarter ended Dec 31 2023 (Q4 2023) came in below Maybank Investment Bank's (Maybank IB) expectations.
The firm slashed its earnings per share (EPS) forecast for the company by 67 per cent and 58 per cent for financial years 2024 (FY24) and FY25.
"While it was recognition of under-accrued fuel expenses from previous quarters that drove the miss, we are also disappointed that AAX cannot yet equity account for Thailand AAX's strong earnings," it said in a note.
Maybank IB downgraded its call on the stock to "hold" with a lower target price of RM1.52 from RM3.40 previously (- 55 per cent).
AAX's core net loss of RM71.5 million brought FY23 core net loss to the same amount, whereas the firm had expected Q4 2023 core net profit of RM64.7 million.
The shortfall was due to Q4 2023 fuel expense surging 32 per cent QoQ to RM473.2 million, bringing FY23 fuel expense to RM1.31 billion, or 14 per cent more than we expected, and nil contribution from 49 per cent-owned Thai AirAsia X (TAAX) when we expected MYR10.0 million.
" AAX stated the surge in fuel expense was due to recognition of under-accrued fuel expense from previous quarters," it noted.
AAX previously stated that TAAX will contribute from Q4 2023 after its share of previously unrecognised losses zeroed out following its debt rehabilitation plan.
"We also take the opportunity to raise our average jet fuel price assumption to US$105 per barrel (bbl), the current spot price, from US$100/bbl," it added.
1 week ago
KUALA LUMPUR (July 27): Maybank Investment Bank (Maybank IB) Research has re-initiated coverage on AirAsia X Bhd (AAX) with a “buy” rating at RM1.80 and target price (TP) of RM3.58 and said post-Covid-19, fares are a lot higher and aircraft lease rates are sharply lower relative to pre-pandemic.
In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.
He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.
“Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.
“With nearly 100% upside, we re-initiate coverage on AAX with a 'buy' call. Catalysts are: (i) lifting of Practice Note 17 classification; (ii) more upside from 49%-owned Thai AirAsia X; and (iii) more upside from acquisition of Capital A Bhd’s short-haul airlines,” he said.
1 week ago
Wow! Magic of Creative accounting (accrual of fuel expense) help AAX come out from PN17 by showing consecutive qtr profits!😂
1 week ago
IBs are trend follower
surge they said will go higher
drop they said will go lower
1 week ago
haha, Blue Tulip. Before Tony comes out to beg, Bursa will suspend us from shorting this counter one
1 week ago
High economic impact data
March 12 release date for Feb CPI
US stocks are waiting to dive for any silly reason.
will take down China stocks as well.
some BURSA stocks might see margin call
1 week ago
Dow Jones
Dow Jones Industrial Average
38,468.24
-521.59
1.33%
Nasdaq
NASDAQ Composite
15,870.32
-337.18
2.08%
1 week ago
It follows ringgit down, fuel expensive when rm down and rm will go to7.if trading in international mkt
1 week ago
Bought at 1.78, thinking it is already low. But, low became lower !! Cut loss, why. The down candlestick came down with higher volume, and not stopping volume. Only average down when black or white hammer candlestick with long tail appears and confirmed with higher price.
1 week ago
Sharing my ideas on tradingview for those who need em.. 😎
https://www.tradingview.com/chart/AAX/VcCrOY3W-DAILY-EW-AAX/
1 week ago
BTC/USD
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3,789.00 -13.17 -0.35%
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1 week ago
BE DECISIVE. PICK ONE THING AND PURSUE IT ALL OUT. YOU CAN'T HAVE TWO TOP PRIORITIES. DECIDE AND GET GOING.
1 week ago
AAX at current stage have no means to take over capA aviation. If capA forced thro' the deal most likely AAX BOD will end up in jail and AAX another round of debts restructure, capital reduction and shares consolidation
By the way the current AAX shareholdes will be diluted with billions of AAX shares issued to capA to take over capA aviation in lieu of cash payment.
1 week ago
51% of the shareholders would not approved if it is disadvantage to them,
eg. Thai AirAsia X holds 51%.
1 week ago
Most likely AAX shares will be revalued to decide how many % it will hold in the newly form Company. ( subject to shareholders' approval).
1 week ago
business shd be good, and oil price quite stagnant there. 1.32 is a key level. i would buy up for now tp 1.39 to 1.45
6 days ago
https://theedgemalaysia.com/node/703296
Another round of court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity for AAX
So, is there light at the end of the tunnel?
We have been in PN17 for the best part of three years, I think. So, Step 1 was to get AirAsia X out of PN17. Step 2 now is to get Bursa Malaysia to allow us to sell aviation to AAX, which I believe will be very imminent. We have put in the application, and I think in one to two weeks, we should get that approved. Because it is critical for capital raising; that’s the reason we are giving Bursa Malaysia, that we really need to raise capital and we can’t do it under a PN17 company. Bursa Malaysia hasn’t done this, but they are going through that motion. So, we are going to swiftly sell. I think the S&P (sale and purchase agreement) between AAX and Capital A is almost done. So, I’m hoping we will get permission from Bursa Malaysia in March, and we’ll sell the airline. So, we will end up with two groups — Capital A and AirAsia Group. After we sign the S&P, we have to get shareholders’ approval, which will take a couple of months, and then court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity.
5 days ago
Dow Jones
Dow Jones Industrial Average
38,905.66
-137.66
0.35%
Nasdaq
NASDAQ Composite
16,128.52
-49.23
0.30%
4 days ago
AnthonyAng666
Cuti-cuti Malaysia. https://theedgemalaysia.com/node/704126
__________________________
If you really looks at Tourists #---8mil from Singapore to Johor ( jalan Kaki )-----4/5mil from Thai to Pedang
Beasr ( naik Basikal / Moto)-------8/9mil from Indonesia ( naik perahu )----That is the real reason you Cannot
see "White People" at KLCC ( compare to Thailand )
4 days ago
this one is due for rebound ......
someone pls make a TA video and put on youtube !!!
3 days ago
CoffeeMilo
Told you guys to sell. SINCE WHEN AAX MAKE MONEY.
2 weeks ago