Baby Shark 10 dollars I also no sell.. hehe
14/07/2020 12:25 PM

Need to sell partially...to have more margin of safety...ʘ‿ʘ

Fortunately, I was borned without balls..

No wonder I'm still here :)

Meow

Zzzzzzxxxxccx.......


Mabel got no balls??

Mabel has balls of steel!!!
14/07/2020 12:28 PM

Just makan siok siok...see this post also laugh die me...perfect storm or price volatility is the perfect time to buy, trade n invest...too much FA n numbers...will backfire...one n only AA in Bursa market...she will fight the storms n survive...｡◕‿◕｡ʘ‿ʘ(◠‿◕)

Underhand Steadily up better
14/07/2020 11:37 AM

Yup...!!!

ronnanua koowakzai lol you think this is bus company ah lol and whats ur attention actually ?
14/07/2020 12:19 PM

Just guessing the right price...but did shareholders agreed...Anyway human nature lah...if suddenly...@0.40...many also no balls to buy...going bankrupt...wait for...@0.10...AA Budget Brand...market Value is...@0.01...makan time...!!!

myongcc5 Just hold... I hv been holding weeks ago. 7 is achievable given the price disparity among others. Forward PE still low compares to others
Market will achieve efficiency in longer run.
All the best
14/07/2020 12:05 PM

Yuppie...!!!

Mabel @ronnanua WHEN BAD MOMENT ALL SELL ...WHEN ROCKETING ALL HAPPY ..FAKE PEOPLE ..BAD NEWS ABIT ALL SELL ...LOL BALLS NOT STRONG AH? WHY SUCH A BAD ATTITUDE DARE LA SEE RED ABIT WHY SCARED
14/07/2020 11:06 AM

Touché ronnanua!

Fortunately, I was borned without balls..

No wonder I'm still here :)

Meow
14/07/2020 11:48 AM

Hahaha...laugh die me...(θ‿θ)ʘ‿ʘ｡◕‿◕｡
Why must analyse n explain to those without Balls...(✷‿✷)

geary The reason I bought more... Comfort Gloves...I think still haven't priced in yet...!!!
13/07/2020 8:11 PM

Hahaha...◉‿◉ʘ‿ʘ｡◕‿◕｡

tuapuikia After glove, next will be ocncash

Top 4 gloves up...now related counters n smaller gloves counters... hehehe...,｡◕‿◕｡

strattegist aiyoooooo

Alamak..mati lah...AA...limit down...0.48...!!!

AllYouCanBuy Despite all the bad news around the globe, the DJI Futures rises.

2morrow...Upswing...!!!???

chtan33 comfort can easily sell to india, indon, brazil etc at higher ASP. it not necessarily compete with the big 4...

Some of those countries don't have the buying power...and they don't care much about health issues...so the demand is only for certain organisation...not everywhere...!!!

Stockhunter88 IB making you guys lost confident on this stock, will uturn soon

Stock market psychology mah... can't blame them...they earn an income...they want a good window dressing...year end...so we need to understand some tradings psychology... that's why EQ is more important than IQ...in trading or investing in stock...◉‿◉

BATFLY Need to understand why comfort share dropped.. Maybe overpriced!!!

Overpriced not really if you look into its sales, profit margin n EPS growth...just take @50% average 3 years growth...then the next fiscal year the PE multiply is just 25x...or lower...growth stock where got sell at PE 10...too conservative...auditors standard lah...!!! Of course its growth has certain time period. Oversupply will happen n ASP margins will decline...Now I don't think so...still demand higher than supply...!!!

Today bought at average 3.55, hope share price can U-turn and get me some profit!

Gloves counters I think power rangers lah...they can stay around 3 to 4 weeks in overbought position...n never limit down into oversold position...so you need some TA judgement when is the right price to buy...within that period... that's 50, 100 or 200 days SMA...!!!

Patience needed...@4.00 no problem...if market trends still positively aligned...!!!

Ha...Supermax n Hartalega...already priced in...TopGlove almost there...Kossan maybe still have some uptrend...!!!

The reason I bought more... Comfort Gloves...I think still haven't priced in yet...!!!
https://www.express.co.uk/news/world/1307599/china-disease-news-coronavirus-death-cases-latest-Kazakhstan

Apple391 I believe after all the supermax party they will come back to uncle comfort pub to relax. So chill.

Hopefully...if comparing both PE you should know what the price of comfort...such crazy PE multiply...!!!

Apple391 Geary. Fundamental alone does ot work. U are not warren buffett who can wait 5 to 10 years return. U need to look at investor emotion as well. I agree with broke college student. For me I spread my investments.

Yup it depends on your capital allocation...some for long term...some for swing trading...n some free cash...but don't over diversify your portfolios...be more focus...But for Bursa companies very hard to find reasonable n long term investment at present. You can try to find some with average EPS n dividend growth...but the Price must start from above at least 10% DY...n increase conservatively year on year. No point buying companies with decreasing EPS n dividend, the market value will drop accordingly.

chaisoonkon pls all don worry, comfort go go go / rm4.90 no problem

Rationally comfort n supermax...EPS...7c n 10c...so how come supermax @15+...comfort only 3.45...so the upside which one is better...because the name wow...supermaxxx...looking asymmetrically of course comfort has better % of return...!!!

nomadiclife Bought at 2.9 sold at 3.47! Thanks comfort! And bye

Wow good swing trading...my target...@4.80...!!!

mf run

Yup...all run...bankruptcy coming...but I Q at...@0.48...!!!

KAQ4468 kasi tinggal tulang

Tulang also makan by hyenas...!!!

Received quite consistent order from US even though only comprise of 21% of Comfort key market.

Wow...you work in seaports logistics...good demand more than supplies can cope...24hrs shifts in think...!!!

infinity888 imagine if the next qr came out

Sure Bankrupt...!!!

JC1425 Slim chances that top 4 decline and comfort plunges. This will never happen rasionally

Market trends wise still okay to hold...demand still outstrip supply...take times for those competitors to challenge...gloves not easy to manufacture...PPE n masks much easier...!!!

Added...Average...@<3.00...!!!

Jokers2020 resistance at 3.46/47...huh

A bit lower can try to add...!!!

xuxu @ geary wow bought at 0.68, are you still holding ?

When you win people feel jealous...when you lose people laugh at you...standard human nature mah...what to do...sleep first...2morrow...upswing again...hehehe...!!!

For your pleasure n everyone here...Gloves will be over...then Airlines will pick up...!!!

It's a matter of timing only...too many going into Gloves n PPE manufacturing....Oversupply will happen when Covid19 is endemic...AA will not be this price...@<0.80...still have at least 100%...Return in within 1 year...!!!...Disclaimer: Not for those who aren't pychologically prepared...!!!

DickyMe Emotionally unstable?

LOL..who me?

Look into the mirror and your scribbling all over i3.
It speaks volume of your psychological intent of trying to portray as a smart ass.
12/07/2020 8:38 PM

Nobody force you to read n analyse whatever I wrote or other articles...if you don't believe AA can turnaround...so I have my human right...you have yours...just do what you think is okay...I do mine own research...if you think I am cheating some newbies...then you should ask yourself...why you kaypo...non of your business anyway.

DickyMe Hahahaha...stupid fellow jumping to unrelated matters like monkey hopping from tree to tree.

Emotionally unstable...That’s why every forum he goes talk about stupidity n monkey...!!!

For your pleasure n everyone here...Gloves will be over...then Airlines will pick up...!!!

https://youtu.be/fRemgVO_458

DickyMe HAhaha...stupid fellow with stupid comment

OMG...What a blessing... $$$...coming my way...Stupidity brings lot of luck...hehehe...!!!

For your pleasure...!!!

https://youtu.be/BWo5_fDh8BE

DickyMe Currently, angmoh fair better than Asians.

So go n live among those angmoh...don't stay in Malaysia...no point talking these...waste my time...I go jogging better... hehehe...!!!

Angmoh's treat worker better than Asians.

Asians are the worse racist.

You go n work n study there then you will know...lot of Asians also suffered a lot of discrimination while working n studying there...you think if you are equally qualify with the angmoh...they will employ you first...Sorry no such thing...you are second class okay...there are always first class...!!!

Sometimes there are so many tradeoffs...we just don't understand...Why...so how the migrant workers are treated in Singapore...so many things...it's not just talk n can solve all these...but looking deeper...Topglov did try to mend some policy that can be fair to migrant workers here...lot of tradeoffs...Nothing is perfect...Every countries n companies are trying to be fair for their workers welfare...so in this covid19...so many got retrenced...so there are many worst things happening...society is forever unfair...so rules n laws need changing accordingly...!!!

If that's the argument, then the companies should shut their operations here and move to where they think it is cheaper and have hardworking slaves.

Don't trust those angmoh talk human right n teach we Asians how to behave...they themselves treat those blacks or negros, until now still racist n like slaves...Black Lives Matter...!!!

strattegist aiyooooo

Never suffered for at least 3 years want these n that...usually companies will hive share options or esos to long term good employees...That's good enough...so they can sell at this price...huat lol...!!!

Why not the profit making company share their profit with local workers?
12/07/2020 4:38 PM

Local workers...too pampered lol...share with them lagi pampered...work hard for 3 years first then maybe he or she can be promoted...3D jobs...how many locals can tahan...maybe automation in certain departments can help...!!!

Top Glove urges govt to lift freeze on foreign workers | https://www.klsescreener.com/v2/news/view/701005

https://milelion.com/2020/07/11/singapore-airlines-scales-up-flights-for-august-keeps-same-destinations/

Meow Aaron...

I'm already on board in Supermax...expecting stellar result coming up soon..

Meow Meow Meow Meow..

FOMO can be dangerous...but if you swing trade is okay... remember to sell when you profited...cannot be too Greedy...buy high sell higher...but remember to sell...ʘ‿ʘ

Mabel Unfortunately, I have to disagree....

The fact that he is coming out and go public show he got guts and not trying to hide under someone skirts...

True leaders are just like an F1 Drivers. They seat in the Driver Seats..

Yup...he n partner didn't sell a single shares...still top two shareholders...plus local institutions n foreign funds still holding. Only public outstanding shares, outsiders are buying n selling...so it depends on each traders, investors appetites of risks n rewards...◉‿◉

Getting back to normal | https://www.klsescreener.com/v2/news/view/700809

Airasia (5099).
Business Summary
AirAsia Group Berhad is a Malaysia-based investment holding company, which manages AirAsia Group operating in the airline industry. The Group is principally engaged in the operation of AirAsia, a low-cost airline with major business in Malaysia, Thailand, Indonesia, the Philippines, India and Japan, among others. The Company's subsidiaries include AirAsia Investment Ltd and Koolred Sdn Bhd, investment holding companies; AirAsia Go Holiday Sdn Bhd, a tour operating company; AirAsia (Mauritius) Limited and Asia Aviation Capital Limited, aircraft leasing companies; Ground Team Red Sdn Bhd, a special purpose vehicle for financing arrangements required by the Group; TPaay Asia Sdn Bhd, a provider of financial and other related services; Rokki Sdn Bhd, a multimedia content and equipment trading company, and T & Co Coffee Sdn Bhd, a coffee and tea product trading company.
Managers
Name Age Since Title
Tharumalingam Kanagalingam 54 2020 Chief Executive Officer
Adrian Jenkins 50 2017 Chief Operating Officer
Pattra Boosarawongse 49 2014 Group Chief Financial Officer
Kin Choy Lau - 2009 Group Head-Information & Communication Technology
Nadzri Hashim 54 2016 Head-Engineering
Abdul Aziz bin Abu Bakar 65 2013 Non-Independent Non-Executive Director
Mohamed Khadar bin Merican 62 2007 Independent Non-Executive Director
Lee Ee Fam 58 2014 Senior Independent Non-Executive Director
Stuart L. Dean 66 2016 Independent Non-Executive Director
Noor Neelofa binti Mohd Noor 30 2017 Independent Non-Executive Director
Equities
Vote Quantity Free-Float Company-owned shares Total Float
Stock A 1 3,341,974,000 1,851,929,120 55.4% 0 0.0% 55.4%
Shareholders
Name Equities %
Tune Live Sdn. Bhd. 559,000,000 16.7%
Tune Air Sdn Bhd 516,485,082 15.5%
Permodalan Nasional Bhd. 250,183,400 7.49%
Employees Provident Fund 159,496,980 4.77%
AIA Bhd. 71,649,700 2.14%
The Vanguard Group, Inc. 59,000,978 1.77%
Dimensional Fund Advisors LP 56,615,329 1.69%
Gilder, Gagnon, Howe & Co. LLC 49,838,800 1.49%
W97n Emerging Markets Opportunities Portfolio 39,673,153 1.19%
Saudi Arabian Monetary Agency (Investment Management) 35,431,875 1.06%
Holdings
Name Equities % Valuation
PT AirAsia Indonesia Tbk (CMPP) 5,262,638,300 49.3% 69,466,826 USD
Fly Leasing Limited 3,333,333 11.9% 27,599,997 USD
AirAsia X (AAX) 570,728,502 13.8% 12,470,418 USD
Tune Protect Group (TUNEPRO) 102,609,000 13.6% 7,317,048 USD
Company contact information

Strategy
AirAsia chief Fernandes sees ‘robust’ rebound in demand
By Cirium19 June 2020
Save article
AirAsia chief executive Tony Fernandes has highlighted “encouraging” forward bookings and sales as the low-cost carrier seeks to recover from the impact of the coronavirus crisis.

“There was a point where you couldn’t see where the light was going to come from,” Fernandes acknowledged during an 18 June webinar organised by Credit Suisse – but now, “robust demand is coming back.”

The carrier hopes to operate roughly 50% of pre-Covid-19 capacity by the beginning of July. Fernandes believes passenger demand could return to 2019 levels by the end of 2021, although he stresses that this is a “guesstimate.”

Despite this confidence, the budget carrier is securing three different tranches of liquidity to shore up its position. “As a defensive we’re raising as much capital as we can,” says Fernandes.

The main question in the short term is how quickly governments in the region are willing to open their borders given the risk of spreading infection. Over a slightly longer timeframe, AirAsia believes its position as the lowest-cost provider in the region should allow it to benefit from the post-pandemic economic landscape, as customers seek out the cheapest options.

Benefits will also, the airline expects, arise from having passengers who tend to be younger than those of legacy carriers, and therefore less likely to be concerned about infection, and from a lower proportion of business travellers.

“I think we are in the better part of that market… It’s a more resilient market,” notes Fernandes. “Being a low-cost carrier in this position is slightly easier than [the] full-service model.”

Comparing AirAsia with its low-cost brethren in Europe, Fernandes notes it is not competing against state-backed carriers that have secured state support. “So what we are seeing is fares hardening from government-owned airlines because they have to make money,” he says. As a result, AirAsia has not yet been forced to slash its prices.

Covid-19 has also changed the equation when it comes to AirAsia’s fleet. The airline is a long-time Airbus customer, but the coronavirus means it is unlikely to take delivery of new aircraft for “a long, long time”, Fernandes believes.

“There’ll be a lot of planes parked in the desert” that could offer better returns than new equipment, he says. “Fifteen percent fuel savings [on a new aircraft], I don’t think the capital costs would justify that.”

Lower demand could also herald a shift away from Airbus A321s to smaller versions of the aircraft family. “The A321 is a fantastic plane, it gives us that extra 50 seats, but we’ll be fine with A320s with 180 seats for the moment.” Because of its size, the A321 was a better fit for slot-constrained airports, he highlights, but given the pandemic’s impact on demand, “I think that’s all changed now”.

Topics
AirlinesAsia PacificStrategy

"We’re trying to adapt ourselves to becoming the genius of the digital age."

Mr Franke said another advantage low-cost carriers have over legacy airlines as the world recovers is that they are better placed to raise prices if COVID-19 safety-related costs such as keeping middle seats vacant are needed to make customers willing to resume travel.

"Low-cost airlines will be raising fares off a cost base 30 per cent lower than legacy airlines," he said.

"Net-net I think the [low-cost] model performs better than other models as we recover from COVID-19."

The Virgin bidders will want to attack its cost base.
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On the outlook for the aviation industry more generally, Mr Franke said the primary focus for all airlines at the moment is managing their cash burn and warned that some won't survive without government support.

"Until there is either a treatment and a vaccine ... we're all going to be dealing with waves of events here, and that in turn leads to a question about when revenue will revive to a standard that permits break-even cash flow."

Much of that will depend on making sure passengers feel safe to fly.

"Airports and airlines need to convince the traveller, through a series of actions - this is before any vaccine is available - that the passenger is safe getting on the airplane."

Mr Franke also took aim at airlines and aircraft makers for doing "an imperfect job" of explaining air filtration systems.

"Airlines need to have those seats filled to get more money coming in the door than going out the door.

"If we can convince [passengers that] the air in the aircraft is safer than in a restaurant or their office, which by the way it is, that would be a major step."

Jacob Greber writes about American politics, economics and business from our Washington bureau. He was previously our economics correspondent based in Canberra. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com

AIRASIA TRAVEL ADVISORY: Cabin Baggage Allowance Update
Photo 1.png
SEPANG, 7th JULY 2020 - As demand for air travel picks up, AirAsia wishes to provide an update on its cabin baggage allowance effective 7 July 2020, where guests are allowed two (2) pieces of cabin baggage not exceeding a total of 7kg in weight.

Guests will be able to carry one (1) cabin bag not exceeding the dimensions of 56cm (H) x 36cm (W) x 23cm (D) or maximum linear of 115cm and must fit in the overhead storage compartment in the aircraft cabin, AND one (1) laptop bag or one (1) small bag not exceeding the dimensions of 40cm (H) x 30cm (W) x 10cm (D) or maximum linear of 80cm and must fit under the seat in front of you.

For more information about the latest updated cabin baggage allowance, please visit here.

Guests who wish to travel with more than the permitted cabin baggage limit are recommended to pre-book your checked baggage allowance prior to the flight. Baggage purchase or upgrade can be done on airasia.com or the AirAsia mobile app up to 4 hours to departure time.

At AirAsia, the health and wellbeing of our passengers remain our paramount concern. Guests are advised to arrive early at the airport - preferably 3 hours before departure to allow for enough time for all the necessary processes to take place.

Besides complying with the advice and regulations from government and health authorities, AirAsia has also implemented end-to-end contactless procedures and a series of new safety measures, as well as taking care of those most at risk to ensure the safety of all travelling guests. Please visit this link to learn more about everything AirAsia is doing to keep flying safe for everyone.

For the latest AirAsia news, activities and promotions, follow AirAsia on Twitter (twitter.com/AirAsia), Facebook (facebook.com/AirAsia) and Instagram (instagram.com/AirAsia).

BY DAVE BRETT

5 Reasons why Airasia are the best budget airline in the world.
Budget airlines often come along with no frills, for the low price you pay, all you expect is to get from A to B as safely as possible. After my experience of flying with budget airlines around Europe and North America and Oceania I was shocked when I first discovered Airaisa on my backpacking trip around South East Asia.

Here are my 5 reasons why I think Airasia is the best budget airline in the world:

1. Check in using a smart phone app

image1
(They have an app for that!)



Mediavine
All airlines should do This specially Ryanair who charge €50–70 if you forget to print your boarding pass before you go to the airport (bloody cheeky!). Who owns a printer these days? Everyone has smart phones and you only need a barcode to scan anyway. Airasia are awesome for having a smart phone checking in system allowing us all the travel much smarter.

2. Top customer service With a smile



Mediavine
IMG_7817
(Service with a smile)

I’ve flown with budget airlines in the past and always the service seems to be grumpy. I understand why, normally the cabin crew have to work multiple shifts and work quickly to turn around flight times. But with Airasia I’ve found the total opposite, every time I enter the aircraft I’m greeted with genuine smiles by cabin cabin crew that seem to enjoy their high flying job. Good for them for finding something they enjoy working for and I feel that represents the Airasia brand well, young, fresh, trendy and a lot of fun.



Mediavine
3. Affordable in flight food

IMG_7851
(Yummy inflight food, Affordable compared to the airport if booked in advance)



Mediavine
Airport food is expensive and budget airlines normally charge a small fortune for the privilege of eating up in the air. However Airasia offer an advance food ordering service which normally works out a lot Cheaper than eating at the airport, plus the dishes are Normally local and fun to try for a low price.

4. Modern aircrafts

IMG_7844



Mediavine
They are a rather young fleet and you can tell by the high standards of their aircrafts. The seats are comfortable, modern cabins and makes for a pleasant flight, super.

5. Fun social media promotions

IMG_7853
(They sent me a Tweet, how on the ball are they!)

Ever since day one, AirAsia has always been on the ball with fantastic promotional prices and using social media to tell the masses. They understand that social media is cost effective and use it to their advantage, it makes it easier to locate promotions, fantastic! Also, I’ve found Airasia to use Twitter rather effectively to help with customer inquiries which is both direct and quick.

6. Bonus: Airasia x

IMG_7819
(With Airasia X you can fly to some pretty awesome destinations!)

Airasia x makes me excited thinking of all the destinations that they fly to on the cheap. Nepal, Sri Lanka and, South Korea, Australia, Japan and maybe soon they might re-open there London route! Isn’t it great that all these destinations can be visited on the cheap with a budget airline? The possibilities are endless. Sure, you have to cut some corners or pay for extras like in flight food or extra baggage, but for a backpacker on a budget it opens up possibilities.

Thank you for reading my blog post and I hope you enjoy flying with Airasia in the close future too. Do you a favorite budget airline? Share your thoughts in the comment section below:


— Dave Brett

Travelling the world, one adventure at a time. Follow the UK's leading solo adventure travel blogger, Dave Brett on his travels around the world. An Adventure travel blog that features travel tips and advice, inspirational stories, travel videos and travel photography that will help you inspire and plan your next trip abroad.

AirAsia needs to issue new shares to survive
By Ayisy Yusof - July 11, 2020 @ 11:02am
14
Analyst believe there may be several strategic shareholders waiting for AirAsia Group Bhd, in addition to South Korea’s conglomerate SK Corp, for the potential private placement. Photographer: Samsul Said/Bloomberg
Analyst believe there may be several strategic shareholders waiting for AirAsia Group Bhd, in addition to South Korea’s conglomerate SK Corp, for the potential private placement. Photographer: Samsul Said/Bloomberg
KUALA LUMPUR: A cash call is necessary for AirAsia Group Bhd to remain afloat as banks are unlikely to keep lending without its shareholders supporting any capital-raising exercise, analysts said.

Still, AirAsia might not raise up to RM1.4 billion capital from a rights issue all at once, according to analysts who attended AirAsia's briefing on the group's plans to address its cash flow requirements in near to medium term on Thursday.

The AirAsia group, they estimated, needed a total of RM3 billion capital to remain afloat.

Public Investment Bank Bhd (PublicInvest) analyst Nur Farah Syifaa' Mohamad Fu'ad said AirAsia would continue to operate in the current challenging period.

This is through its efforts mainly from ongoing discussions on capital raising (be it debt or equity) to ensure sufficient liquidity for the year, cash savings measures and resumption of its domestic travel from late May.

"Any proposal for a rights issue will require an extraordinary general meeting to gain shareholders' approval. Nevertheless, we understand that a rights issue may not be the favoured option at this juncture," said Nur Farah Syifaa'.

She said assuming entitlement basis of two rights shares for every three AirAsia's shares held at an illustrative issue price of 63 sen per rights share (based on RM1.4 billion proceeds), the rights issue might entail an issuance of up to 2.2 billion new shares.

As such, the group's net asset is estimated to be diluted from 89 sen to 53 sen per share, while its target price would fall to 47 sen post rights issuance, she said, noting that PublicInvest retained its "neutral" call on AirAsia with unchanged target price of 78 sen.

CSG CIMB analyst Raymond Yap said there may be several strategic shareholders waiting, in addition to South Korea's conglomerate SK Corp, for the potential private placement.

The private placement would likely be made after RM1 billion of (government and bank) loans were secured, Yap added.

"This is to ensure the best-possible valuation. A rights issue is possible, however, it is not on the table right now," he said in a report today.

Yap said a potential equity issue of up to RM1.4 billion was likely not be issued all at once,

He noted that an illustrative 50 sen will result in the issue of 2.8 billion new shares, thus increasing AirAsia's share base by 84 per cent to 6.1 billion shares and diluting existing shareholders' stakes.

"Taking AirAsia's assurances at face value, we are reasonably confident that the carrier will survive Covid-19, as the new RM1 billion loan to its local operation (AirAsia Malaysia), possible new loans to Indonesia AirAsia and the Philippines AirAsia, and potential RM1.4 billion new equity issue by AirAsia Group, will bring the total capital raising close to the RM3 billion, we estimate, needed to keep afloat," he said.

If Danajamin Nasional Bhd was willing to guarantee 80 per cent of a new RM1 billion loan to AirAsia Malaysia, Yap expects the carrier might be able to secure the loan at reasonable terms.

"This is because AirAsia Malaysia does not have many assets left to collateralise, having already sold almost all its planes to aircraft lessors."

Yap also said supplier financing would also play a role in AirAsia's survival.

He believes that AirAsia group would succeed in its efforts to extend the deferral of aircraft lease payments beyond the initial three-month period.

Lessors had limited options for aircraft redeployment and would have little choice but to work with their existing customers, he said.

"If any of the associate airlines cease operations, their aircraft will be returned directly to lessor with no recourse to AirAsia Group for unpaid lease rentals or for the remaining duration of the leases, as all airlines in the group sign for leases in their own names."

Yap said the LCC was also negotiating with banks for a further restructuring of its fuel hedging losses, while continuing to restructure its organisation to reduce operational expenditure.

CGS CIMB kept its target price for AirAsia at 58 sen per share as it believes the airline would continue to make loss next year, before turning profitable in 2022.

AirAsia's share closed at 78 sen today, up three cent with 83.95 million shares changing hands for a market capitalisation of RM2.62 billion.

MORNING BRIEF
What to watch today: Dow futures turn positive after positive data on a potential Covid-19 treatment
PUBLISHED FRI, JUL 10 2020 9:12 AM EDT
Matthew J. Belvedere
@MATT_BELVEDERE
Peter Schacknow
@PETERSCHACK
SHARE
BY THE NUMBERS
Dow futures turned positive after Gilead Sciences said its antiviral remdesivir was "associated with an improvement in clinical recovery and a 62% reduction in the risk of mortality" in Covid-19 patients. Shares of Gilead were higher in the premarket. (CNBC)

Wall Street was lower earlier, one day after the U.S. saw a record-high 63,200 new daily Covid-19 cases. The Dow Jones Industrial Average on Thursday fell 360 points, or 1.4%, on renewed concerns about slowing business reopenings — and in some cases reclosures — in hot-spot states. However, the Nasdaq rose 0.5%, closing at another record as investors continued to buy what they perceive as coronavirus-proof tech stocks. (CNBC)