AAX (5238): Company Profile

Are you kidding?
The AAX IPO shareholders saw Stony magic of turning their share from 10 (ten) become 1 (one).
Should they be happy or mad at Stony?

1 month ago

And if AAX can't earned enough cash flow to pay the current payables due (default) or if external auditors will to impair the goodwill, intagible assets and deferred tax assets that send total net assets/equity into negative then AAX will be a PN17 company again.

1 month ago

You can read the AAX EGM minutes from below link

https://www.airasiax.com/agm_egm.html

1 month ago

BLee

I traveled quite frequently on businesses and leisure using AA/CapA services; therefore my observations of recent changes happening in their operation.
First, from home to the airport, I tried two ride hailing services to see which would pick up my request. Last year, AA ride/Move hardly responded to my requests. This year, ALL my rides to and fro the airport are using AA ride/Move. Out of my curiosity, my conversation with the drivers found out most of them switched from one popular ride hailing service to AA ride/Move due to the benefits of picking up travelers from the airport. The code for the ride discount is displayed at the back of the AA airplane seat. The drivers told me the request for the ride hailing swapping approved within 2 days with no question asked.
Next is the onboard food; I can get a good discount if I book online. On a recent trip, I requested a second pack of their chicken rice with the response of ALL being sold out. ALL their staff (except the pilot, ha ha) are good salesmen/women.
I heard about flight delays mainly due to staffing problems. So far I don't have this problem; the most is sitting in a plane waiting for take-off permission; up to two hours.
On the cramped seat; I have no such problem as I fit nicely in those seats. Of course I enjoyed my trip to the EU with transit via Dubai/Doha with extra leg room!! Only I have paid a few $k extra for comfort, give some and take some…
I hope AA/CapA will ride thro’ this storm and I can continues my cheap travel..Tq

1 month ago

Definitely you in the Right Gate.

1 month ago

Zrenxy

Goreng hextar global superb quarter

1 month ago

Income

Stony the magician

1 month ago

European markets slide 1.4% as Russia fears escalate;

1 month ago

TradingFUN

500,000 AAX , 1,000,000 CAP A , paper gain RM525,000
Count down to superb Q3 results in 10 days

1 month ago

Flying thru the 4 weeks high.

1 month ago

MAAGA!

1 month ago

Wow. Third straight days shorties couldn't do anything. The real winner is Capital A. Bought at 1.3 now at 2.09. 2 bil paper gain

1 month ago

Come on shorties. Kipidap. Don't gibab. How short can we get?

1 month ago

Good123

Tony Fernandes, the founder of AirAsia and the former owner of the budget airline Tune Pro, had strong personal and professional motivations for wanting to turn Tune Pro around and make it profitable again. These motivations primarily stemmed from his reputation, his investment in the company, and his belief in its potential. Here's why he didn't want to "lose face":

1. Personal Reputation:
Tony Fernandes is a well-known figure in the aviation and business world. He gained significant recognition for transforming AirAsia into a successful and profitable airline. His business success with AirAsia earned him a reputation as a capable and visionary entrepreneur. Failing to turn around Tune Pro would have negatively impacted his personal brand and credibility. Business leaders, especially those in the public eye like Fernandes, are often judged by the success or failure of their ventures. Failure to make Tune Pro profitable could have been seen as a sign of weakness or poor judgment, which he would have wanted to avoid.

2. Investment at Stake:
Fernandes had a financial stake in Tune Pro, and like any businessman, he would want to protect his investment. If Tune Pro had failed to turn a profit or had to close down, Fernandes would have lost the capital he invested and could have faced further financial losses. As an entrepreneur, it’s critical to show that you can make businesses successful, especially when you've made public commitments to the viability of a venture.

3. Brand Integrity and the Tune Ecosystem:
Tune Pro was part of a larger ecosystem of businesses under the "Tune" brand, which also included Tune Hotels, Tune Talk, and other ventures. As the owner of these ventures, Fernandes needed to maintain the integrity of the Tune brand. If one part of the ecosystem (like Tune Pro) failed, it could have had a ripple effect on the others, damaging the entire brand. Given his focus on building a strong, interconnected brand portfolio, turning Tune Pro around was crucial for maintaining the reputation of the whole group.

4. Leadership and Responsibility:
As a leader, Fernandes was known for his hands-on approach to his businesses. His leadership was often seen as a key reason for AirAsia’s success. Letting Tune Pro fail would have conflicted with his public persona as someone who takes responsibility for the performance of his companies. Business leaders like Fernandes often see their role as ensuring that their companies succeed, even in the face of setbacks. Failing to make Tune Pro profitable would have gone against his values of perseverance and commitment to his ventures.

5. External Perceptions and Investor Confidence:
Losing face also relates to the perceptions of other investors, stakeholders, and the market. Fernandes' ability to turn around struggling companies was likely scrutinized by investors, especially if Tune Pro was facing financial difficulties. A failure would have affected investor confidence in his management capabilities and could have impacted funding or partnerships for his other ventures. By ensuring Tune Pro's success, Fernandes protected not only his reputation but also his ability to attract future investments and business opportunities.

In conclusion, Tony Fernandes didn’t want to lose face because his personal reputation, financial investment, brand integrity, leadership responsibility, and external market perceptions were all tied to the success of Tune Pro. By turning the company around, he would have demonstrated his ability to overcome challenges and maintain his standing as a successful businessman.

1 month ago

icecool

wow aax taking off better get in now

1 month ago

Make AirAsia Great Again!

1 month ago

TradingFUN

500,000 AAX
1,000,000 Cap A
Paper gain 630,000

9 days to QR

1 month ago

After the rain comes the fair weather..

https://www.businesstoday.com.my/2024/11/20/mahbs-october-passenger-traffic-hit-11-million-up-10-4/

1 month ago

Balian de Ibelin

Governments of Norway, Sweden, Finland and Germany had just advised their citizens and large companies to prepare for War with Russia. Stockpiling raw mats. Bomb shelters guides etc👍🤜😁

1 month ago

The Russians are bluffing.

1 month ago

Balian de Ibelin

Invasion of Russia by US Forces are imminent.

1 month ago

2025/2026 "Golden Year"

https://www.businesstimes.com.sg/international/asean/airasia-founder-plots-low-cost-dubai-hub-bangkok-kuala-lumpur

1 month ago

More Flights..More Connectings,,More Revenue..
https://www.bernama.com/en/news.php?id=2366394#:~:text=KUALA%20LUMPUR%2C%20Nov%2022%20(Bernama,Minister%20Anthony%20Loke%20Siew%20Fook.

1 month ago

Broke RM2 alrdy. What's next TP for AAX ? 😀

1 month ago

Peace in the ME,Oil drops, Higher Airfares.

1 month ago

https://theedgemalaysia.com/node/735350

1 month ago

sg999

When qr will be released??

1 month ago

ValueInvestor888

why buy aax where you have better choice in other mkts eg HK Cathay Pacific, PE less than 10, Div yield 7%. The share price is also uptrend currently...

1 month ago

vespa

indeed

4 weeks ago

Junx Leow

https://newsroom.airasia.com/news/capital-a-3q2024-financial-results

3 weeks ago

Will AAX make good profit as well ? 😃

3 weeks ago

Something very very fishy going on and I don't feel good. Normally AAX would disclose the financial result before Capital A. Is it going to an awful magic trick again

3 weeks ago

Noni

Believe in Tony

3 weeks ago

Is that Good? or fly,baby, fly...

https://newsroom.airasia.com/news/aax-3q2024-financial-results

3 weeks ago

2024-12-02

Price Target

AirAsia X Berhad - Stronger Quarter Ahead
Source : PUBLIC BANK, Price Call : BUY, Price Target : 2.47
Last Price : 1.90, Upside/Downside : +0.57(30.00%)

3 weeks ago

FAInvestor

great QR but it was sell on news/facts hence giving me the opportunity to buy in at 1.93

3 weeks ago

The reason AAX fell from above RM2 ...? https://theedgemalaysia.com/node/734508

3 weeks ago

NatsukoMishima

https://www.orientaldaily.com.my/news/business/2024/12/13/699365

Walao er !

1 week ago

MarketNavigator

I didn't download Air Asia Move. Usually buying tickets via online. Nice and easy

1 week ago

Dow poised for first 10-day losing streak since 1974 after Fed signals fewer rate cuts: Live updates

1 week ago

Good good, AAX goes back to RM2 again 🤗

3 days ago

Is today the AA Pilot "s Favourite Day?

Yes Its FlyDay..

3 days ago

TradingFUN

Cap A will complete the recovery by Q4 this year.
2025 with all planes flying will reflect the full potential of the financial performance

AAX will be benefited after the merger.

1 day ago

AAX bought AAG for RM6.8B. With share swap of RM3.8B so AAX will only have to come up with RM3B in cash. With a potential revenues of RM11B, how long will it take for AAX to pay off the debt.

7 hours ago

AAX did not come out with any money just take over AAGL by issuing AAX share to capA and AAB by take over debt owed by capA to AAB or in other word take over all the CapA Aviation net liabilities.
AAX then need RM 1 billion PP capital injection to stay afloat for another year.

If in FYE 2025 external auditor insist on impairment of goodwill then most likely AAX equity will fall into negative and send AAX into PN17.

6 hours ago

As at 30/9/2024
CapA net current liabilities is RM (11,237,082,000)
Hope everyone know what current mean.

6 hours ago

Technically capA is an insolvent company and survive on taking in more debts/bonds and keep rolling over debts/lease liabilities/payables and etc.

5 hours ago

If AAX price keep going up do you think AAX able tp find investor/investors to take up the RM 1 billion PP?
And what will be AAX PP price?

5 hours ago