I've started trading in Bursa KLSE shares since Oct 2011. I would trade using cimb itrade online. Do check out my i3 portfolio which mirrors my latest positions as per my itrade portfolio.
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2021-10-15 14:36 | Report Abuse
Avianca, one of Latin America's largest and oldest airlines,filed for Chapter 11 bankruptcy in May. Like other airlines, Avianca's woes were caused by coronavirus-related drops in travel demand.
The airline's flight operations have been grounded since mid-March due to the pandemic, and the company's income has fallen over 80%. In filing for bankruptcy, the airline said it hopes to continue operations as COVID-19 restrictions are gradually lifted.
2021-10-15 14:35 | Report Abuse
Virgin Australia entered "voluntary administration," the Australian equivalent of Chapter 11 bankruptcy, on Tuesday, April 21.
Although the Brisbane-based airline had suspended most of its operations and furloughed most of its employees, it was still losing money operating about 65 daily flights.
The airline said it would continue operating during the restructuring process. It entered administration after a request for aid from the Australian government was denied.
2021-10-15 14:35 | Report Abuse
UK regional airline Flybe entered administration — a practice similar to declaring bankruptcy — on Thursday, March 5. Although Flybe was already on the brink of collapse — despite a major investment by a Virgin Atlantic-led consortium the previous summer — the coronavirus crisis pushed it over the edge. Flybe operated about 40% of domestic flights in the UK.
2021-10-15 14:14 | Report Abuse
Khazanah buy over Air Asia Aviation for RM1. TF will be happy to jump ship to Air Asia Digital
2021-10-15 14:14 | Report Abuse
Nomura Global Anaylse is the only way Air Asia is going to survive their huge debt RM2.5 billion is to get a massive cash injection bail out. My view, Air Asia to be bought over by Khazanah and merge with Malaysia Airlines
2021-10-15 14:09 | Report Abuse
When you have 7 analyst from different background and from different research house making the same SELL recommendation for sure they are bullshitters right ..hahaha...even layman like me know...look at Evergrande..share price tank because heavy debt and cannot pay bond interest. Many examples of company go bust due to cannot service debt
2021-10-15 07:07 | Report Abuse
Given this grim financial ICU scenario, analyst say not to pay more than 90 sens for air asia
2021-10-15 07:05 | Report Abuse
In june 17 2020, reported in the Edge by Kang Siew Li. Back then the analyst estimate Air asia cash burn rate was RM120million a month..now i estimated they have reduce the cash burn rate to RM50million a month
Nomura Global Markets Research aviation analyst Ahmad Maghfur Usman estimates that AirAsia’s cash burn is now at RM120 million a month (excluding fuel hedging losses and after payment deferrals), given that it has trimmed its fixed burn costs by 60%.
Now that Air Asia has secured a govt guarantee to obtain a loan of RM500 million loan from banker. Still, the new debt would not be enough. Combining the reported syndicated loan amount of RM1 billion, the RM500 million government loan and the rumoured private placement of RM334 million would raise less than RM1.9 billion for AirAsia, which pales in comparison to the proceeds raised by foreign airlines. In March, Singapore Airlines Ltd undertook a massive cash call to raise S$15 billion (RM45.9 billion), not only to deal with the impact of Covid-19 on its business but also to position it for growth beyond the pandemic.
2021-10-15 06:54 | Report Abuse
Air asia has registered already registered a loss since 2019 before covid already
2021-10-15 06:53 | Report Abuse
Cheeseburger..we need to be aware of pump and dump operator..who talked up Air Asia shares but actually it is a loss making company that is in icu burning estimated RM50million per month. All research investment anaylyst said not to buy more than 90 sens and not impress with the unicorn status of start up venture air asia digital that has yet to earn any significant cash contribution to reduce the cash burn rate of RM50million per month
2021-10-14 15:43 | Report Abuse
soory typo i estimate at RM50 million cash burn rate per month
2021-10-14 15:37 | Report Abuse
Good Citadel...protect your capital from capital destruction betting on Air Asia to recover from huge debt. every month Air Asia burns approx RM500 million per month!
2021-10-14 14:13 | Report Abuse
FGV Holdings Bhd aims to capture a 3.5% share of the local fragrant rice market by the end of 2025 under the group's household brand Saji. This would be made possible with the implementation of the Fortified Field Fragrant Rice programme by its subsidiary FGV Integrated Farming Holdings Sdn Bhd, which optimises local fragrant rice paddy farming through smart and effective agricultural practices and technologies. (The Edge)
2021-10-14 10:57 | Report Abuse
5 gigawatt RE expansion in 2021-2030
TNB also reiterated that it is committed to ensuring security of energy supply, affordability and sustainability, partly with the expansion of reliable and affordable renewable energy (RE) sources.
“In keeping with the government’s RE aspirations and TNB’s journey towards sustainability, TNB is committed to ensuring that the country's long term power generation mix will include 30% of hydropower,” it said.
“The diversification of fuel resources and healthy reserve margin of the system has enabled the power sector to minimise the impact of the shortage in coal supply.
“The 300MW Nenggiri Hydroelectric Project in Gua Musang, Kelantan is a high impact project that will further strengthen the nation’s security of electricity supply, once it is ready in 2026,” it added.
There is still a long way to go for Malaysia’s RE capacity installation. Solar, which makes up 2.3% of total installed capacity as of August 2021, merely produced 1% of power in 1H2021.
Including the Nenggiri hydro project, the government anticipates installing an additional 5,047MW of RE generation that can meet one-fourth of peak demand by the end of this decade.
https://www.theedgemarkets.com/article/tnb-assures-malaysias-coal-inventory-good-position-despite-tightening
2021-10-14 10:27 | Report Abuse
FGV price is undervalued despite high CPO price until next year 2022
2021-10-13 23:25 | Report Abuse
Gong xi fa chai - hope you get rich with air asia
2021-10-13 20:03 | Report Abuse
24.6 billion loss in a quarter..so shocking
2021-10-13 20:02 | Report Abuse
What a crazy result 24 billion loss
2021-10-13 19:52 | Report Abuse
Yes until then which is a question mark..do not overpay more than 90 sens for air asia stock
2021-10-13 19:20 | Report Abuse
Do not overpay more than 90 sens for air asia. Listen to the analyst
2021-10-13 19:15 | Report Abuse
The Southeast Asian company as a whole is still not profitable — it lost $800 million in 2020 on an EBITDA basis and projected a $600 million loss for this year, according to regulatory filing.14 Apr 2021
2021-10-13 19:13 | Report Abuse
Even grab cannot make money…air asia digital gojek bolehke
2021-10-13 19:11 | Report Abuse
To add, a unicorn’s valuation has nothing to do with the way they perform financially. Take for example Grab, who, as a whole, is still not a profitable company, though CEO Anthony Tan claims it is profitable in certain verticals. Yet the startup is set to be valued at US$39.6 billion.
For many startups, the billion-dollar valuation will come from investors and sizeable funding rounds, but an acquisition can also boost a company’s status overnight.
2021-10-13 17:36 | Report Abuse
Those who overpay air asia better cabut now and come back again below 90 sens
2021-10-13 12:59 | Report Abuse
Modern Land is asking investors for more time to pay back a $250 million bond, according to a company filing with the Hong Kong Stock Exchange on Monday. The payment was due October 25. Modern Land said it wants to extend that deadline to the end of January as it seeks to improve "liquidity and cash flow management and to avoid any potential payment default."
The company said in a separate filing that Chairman Zhang Lei and President Zhang Peng intend to provide about 800 million yuan ($124 million) in loans to support the company. Shares in Modern Land fell more than 2% in Hong Kong on Monday. The stock is down 45% this year.
2021-10-13 12:57 | Report Abuse
Another developer in china going under cannot pay debt
2021-10-13 12:56 | Report Abuse
Dun overpay loss making air asia. Analyst have done their calculation to buy Air Asia lower than 90 sens and they are not easily impressed about air asia digital that hs yet to generate a billion ringgit sale
2021-10-13 06:28 | Report Abuse
Many airlines are aggressively trying to rehire pilots as well as cabin crew and ground staff, but that’s not been a simple process and some jobs are left unfilled. Careers in the industry no longer look as secure as before.
2021-10-12 20:53 | Report Abuse
Majority Analyst from research house valued Air Asia less than RM1.00
2021-10-12 20:51 | Report Abuse
Air asia digital business is still at an infant stage and already TF hyping it as a cash cow for Air Asia……dun overpay for air asia share.
2021-10-12 18:43 | Report Abuse
But its finances may not be steady enough to fuel his ambitions. Hit by a price war and the plunge in air travel, the company incurred net losses for seven straight three-month periods from the third quarter of 2019 through 2021's first quarter.
It sank into negative net worth in the third quarter of 2020, with its net liabilities exceeding 4.1 billion ringgit ($987 million) as of the end of March. With a Malaysian lockdown in June as well as rising coronavirus cases in Thailand and Indonesia, the carrier is expected to report this month a deep loss for the second quarter.
2021-10-12 18:34 | Report Abuse
Like a sinking ship air asia is burning cash
2021-10-12 18:33 | Report Abuse
500million still need to be paid back
2021-10-12 18:33 | Report Abuse
Govt jadi guarantor ajer to get RM500million to support Air Asia. Air Asia use the danajamin guarantor to apply more loan from banks
2021-10-12 18:32 | Report Abuse
Does Danajamin provide financing?
No, Danajamin does not provide any financing or credit facilities. Companies are advised to get in touch with their respective Eligible Financial Institutions (“EFIs”) for any financing or credit facilities matters.
2021-10-12 16:58 | Report Abuse
TA Research said it raised its FY21 loss projection to RM1.8bil from RM1.6bil previously after a reduction in flight capacity of each operating unit to factor in the prolonged travel restrictions.
It also cut FY22 earnings lower to RM283mil from RM564mil previously as it believed Malaysia’s international borders would only be reopened in the first half of 2022.
It maintains its “buy’’ call with a lower target price of RM1.08 from RM1.18 previously.
2021-10-12 16:58 | Report Abuse
This means that AirAsia has about five months to address the shortfall of RM6.6bil.
2021-10-12 16:57 | Report Abuse
CGS-CIMB pointed out the need for AirAsia to shore up its shareholder’s funds to avoid falling into the Practice Note 17 (PN17) category by January 2022.
“Companies like AirAsia, where its auditor has expressed ‘material uncertainty’ regarding going concern in its audit opinion for FY20, will need to demonstrate positive shareholders’ funds of at least half of its paid-up share capital to avoid being classified as PN17,’’ it said.
2021-10-12 16:18 | Report Abuse
Toll money coming soon Q4 2021 - just nice when interstate travelling is allowed
2021-10-12 15:13 | Report Abuse
buy, add and hold for life...pass to your children
2021-10-12 15:10 | Report Abuse
Pent Up demand...this weekend will be an orgy of mall retail spending
2021-10-12 09:30 | Report Abuse
PARKSON, which is involved in the operation of a chain of department stores with a geographical presence in Malaysia, Vietnam, Indonesia and China, is a post-pandemic recovery play following the gradual relaxation of strict Covid-19-related lockdowns. The resumption of consumer spending, to be further boosted by pent-up demand and year-end spending, should bode well for the group.
Stock: [CAPITALA]: CAPITAL A BERHAD
2021-10-15 14:40 | Report Abuse
Easy for TF to file for bankruptcy as Air Asia Aviation rather than Air Asia as a whole