Tidy profit at opening of bell...RM2.33 w cost below RM2!

QR out this week, the earliest...

ANother good quarter and decent EPS cash basis!

Dont let the PN17 status affect or cloud yr investment in AAX, as the GOMEN currently cant afford to have AAX de listed or struck off as job losses will mount and that smart crac fit FAT,SHORT, BALDY fellow will keep his AAX all to himself n cronies

KON MEN company....used by momentum predicters and operators...keep away!

Bumper dividend? Collected below 40 sen redy....wait for 60 sen, soon as bumper div n Corp news announcement coming by

TY fellow is hopeless! Reliving on past glory of his ancestors...who were had so much of integrity in them than this fellow!

Check out what happened to the Indian guy who bought the rotten MMM form his at inflated price , when the same CEO of KNM was running it to the ground!

That Indina guy's name was Ramesh R

Some who sold their shares before regn date were allowed to vote fully on their shares! Was that investigated?

ANy status of the disputed outcome of the biasedly conducted EGM?

Having the last laugh!

MAny of those lickers of CEO n TY have disappeared...they were just interested in ensuring getting paid for CYTRO work as well as salries at KNM for underperformance!

Creditor restructuring which was championed to go on went postponed - as ecpected!

The CEO n TY fellows are seasoned hand - now they have their salaries, cushy payments, allowances, bonuses, entertainment fee, fully maintained car which will be in existence until next EGM , when police report of their wrong doing could come by in the event of next EGM going thru!

MAYBANK Securities has resumed coverage on Malaysia-listed AirAsia X (AAX) with a “buy” call and a price target of RM3.58, as it expects the low-cost airline to be even more profitable than it was pre-Covid.

In a report on Wednesday (Jul 26), analyst Yin Shao Yang forecast AAX to deliver record core net profits of RM160 million (S$46.8 million) for FY2023 and RM256.5 million for FY2024.

Here you go, a sensible reporting vs the extraordinary negative hype!

Given such profit levels, BURSA has no reason to continue classifying it as PN17

TF wants BURSA to delist his 2 counters which will give him a free hand to reorganise and do anything funny as he pleases just like the royalty Tunku Jaacub does w KNM

Just cos BURSA rejected the medium-haul low-cost carrier’s application for a relief from having to submit and implement a regularisation plan", doesnt mean that its the end for AAX.

It will just be delisted which makes the job for TF easier. As uan unlisted entity w thousnds of shareholders, he has greater flexibity to manouver his own way...Dont think that thos einsurance, pension n PNB AMANAH SAHAM funds would be happy with the position which in turn could force both parties to think again n keep listed!

MADANON govt wont n dont need such an issue esp going end of the year TELOQ,AYAK,GULA,MINYAK MACAM, MINYAK KERETA ETC will all be floated!

Unless, there is another explanation...LIFE just has been too cruising for Malaysians and dont think anyone would be bothered to rattle the ship w so many holes!

i3lurker

Likely AAX failed the Solvency Test so refused to apply for Plan.

Apply for Plan means signing a Solvency Test which is a jail term item for Directors.
Let AAX go bankrupt no jail term.

______________________________________________

Ferndes believes that his Co is making profits and he is too cocky not wanting to commit such..Ya, jail term comes to him whichever way, he will find himself in it sooner than thougt!

Conman MCA co...no substance and hitting highs everyday!

Bursa Securities rejected the medium-haul low-cost carrier’s application for a relief from having to submit and implement a regularisation plan for its Practice Note 17 (PN17) status, as well as the upliftment from the status under the Main Market Listing Requirements"

Only Ferndes would ever try to be smart vs authorities as he has many friends in cabinet n higher power!

WHy would he be given relief when the favored SERBADIK BUMI Co ( which has no basis to ask) was denied!

Dont be too smart SIR TAN SRI RT HON TF!

The practice of BURSA issuing letter dated 18th Oct and for AAX Co Sec/BOD to release the letter at mid market day is wrong!
It doesnt give market players enough time to digets the info before trading commenced. This is BOTH BURSA n AAX's mistake and they both should be hauled up!

Why cant BURSA announce by itself as after all, it is a matter of public interest for timely dissemination. Looks like many had access to inside info the main reason the slide in shares of AAX happened yesterday noon itself!

Is SC gonna investigate this anamoly?

BURSA cant decide the business direction of any company, that includes AAX, which is holding the balls of the govt threatening to retrench them....so, BURSA will be politically forced to agree to an acceptable plan. It is so strange that BURSA decides unfv on AX ( of course we dont have details) but it allows fellow slike Tunku Yakub to run wild as he pleases!

Fundamentals are good, with good bookings coming by for Dec/Jan hols...its already a 40 sen EPS each last 3 quarters, so its nearly RM1.50 EPS for this FY. SO, the current price of 2.10 is a bargain

Current prices are a good buy...BURSA is not in busines, its only regulator!

When the staffs are out of job MADANI will be MADANON, and BURSA will have to look at plans that could be acceptable....Bargain prices really

I know of people who sold on 10th but was able to vote on 16th based on their original balance held!

Is this right? EGM was unfairly conducted

Wah ...i3 has mechanism put in place to deter improper words like " S T U P I D"!

Investors - esp the retail ones are not that silly to believe all the propaganda! Wonder where the KNM ex CEO cytro's are now? SOOOOO SILENT!

The turn around specialist CA now has to pack bags and go back to UK/ or live w his inlaws here?

how come cannnot comment now?

Sign to TY that people had enuf of ELITISTS n ROYALISTS looking for easy life and damaging the name of country n institutions

Votes for the rest of resolution was very close. They didnt show it long enuf and meeting abruptly ended without any relevant questions answered.

Looks like bad news for TY

Did i hear that resolution 3 n 9 not carried?

KNM share price down at 11 sen

he came on screen w wide smile as opposed to his ashen face before

TY had 62% of votes in his favour

3 mins to vote plus 5 mins scrutiny, unnecessarily delaying the meeting n its outcome!

All shareholders questions not answered yet, some deemed irrelevant

So funny meh....they want to scrutinise the first resolution result before moving to next!

This is so different...is it in line w BURSA regulations? , as the outcome of 1st Resolution, ie removal of TY will have an effect on the others!

This could be a ground to complain to BURSA on the irregularity of conduct of the meeting, let alone the outcome

Funny voting procedure...they are asking to vote each resolution one by one.Given 3 minutes. looks like will take an hour to complete

A known person who sold shares before 11th Oct recd authority to vote for all shares sold before the date!

How come?

2B shares regd to vote and Chairman has 700mil proxy given to him?

Got my meeting link during later part today!

Looks like the share registrars are working over time...for whom n why?

Team Malaysia!? Why the abuse of country's name!

Should call themselves as Team ELITIST PUTRA!

Bullcoming

Anybody receive virtual link invitation?

The share registrar staffs "promised an EGM invitation link today, Sunday" but havent recd any yet!

Call came from no:03 7890 4700 Boardroom Share REgistrars

Not gonna respond to any of these below:

OtisKL | Joined since 2023-09-08
doubleup | Joined since 2023-09-07
Adagold | Joined since 2023-09-05
UpUpRocket | Joined since 2023-09-09
maxwin69 | Joined since 2023-09-07
SGX6138 | Joined since 2023-09-09

It is no longer a joke, when a party uses PDRM to threaten the other, something very common w certain ELITIST!

Kinda decided where my vote will go, the more certain desperados do their bidding!

i3Lurker - i insisted that i had registered and she went on to "check the register" and confirmed my shareholding in a rather shocked way.....I didnt give any other info. Strange that they do such as I have already registered and they should be using the ROD as at 11 Oct2023!

I hope the German billionaire and gang are reading this and take neceesaary action to vet all the proxy forms! The registar doesnt seem impartial and by the way it is owned by the ELITIST BUDDIES - Tan Sri Azman YAhya.....antihero shady corporate character!

Once his company approached mine - a lsited co w plans for us to transfer all the dividend acc to them, for them to take "charge of all issues", including returning money to Registrars of Unclaimed Monies --- I warned the Co sec and she - an experienced lady, just dropped off further deliberation w that gang. They were known as SIGNET then!

Pls vote w yr conscience and not be fooled by many propagandist here esp OTISKL.....every alphabet he types, he is rewarded...wheres most of us will just see the value of the co eroding payingthese guys!

He is the CEO's bag boy!

Heres a toast to the CHIVAS REGAL KING of Malaysia!

I got a call on Saturday morning from the Share Registrar staffs asking me if i will be attending the EGM n reminding me of that! I registered much longer ago and just wondering why are they so keen calling me up asking me if i will attend? I know these TY and several of his characters and know well how low they can go...so, is it proper or Registrar to call and "remind" of the EGM? Something doesnt look right isnt it!

In desperation, TY showing of charity work via "CORPORATE ANNOUNCEMENT " in Malaysia kini! Even this Foundation is suspect - once a team of more than 10 salespersos ambushed me as i exited LRT station...Agressive pitching they did and even wanted to argue on ones need to be charitable unconditionally. I had enquired him as to where the fnds go and he was evasive, asked him how much commission he and his company makes - he denied any being paid to them! Can you imagine these aggressive hawks doing it for free! The norm is 1/3 goes to the company soliciting funds;1/3 to the salesperson pitcher, only 1/3 goes to the charity body!

So, guys - next time if you get approached by tehse hawks and you feel you wanna donate, just ask the name of organisation and bank in, ask for tax deductible receipt!

OtisKL seems to be the fodder for TY clan...What is so interesting of TY's plan, that OtisKL going hook, line and sinker?

Wah - all the paid CYTRO's had gone silent...knowing well that their propaganda failed

Legally, one is still a shareholder if proof can be shown of their share holding at the EGM day - 16 Oct!. The cut off of ROD on 11th Oct is purely administrative!

OtisKL - Not withstanding me still being in the money and having been in this chat grp long before you n in various other stocks, it isnt only value i look for , BUT Corporate Malaysia needs cleansing of characters like "TURNAROUND SPECIALIST RAVI" n "TY", hwos e primary goal is only to line up thei rpocket!

Cant understand why a ICAEW CA wants to work for a sinking Malaysian PN17 listed co?

This wont be the first time Negeri Royalty gets a real bashing from JOHOR ROYALTY!

Hail the new ROYALTIES and good riddance to old , corrupt ELITIST ROYALTIES!

OtisKL - yes, it will be down south to ANTARTICA

"The ultimate aim of KNM’s current mgmt is to trim colossal debts within 9 months, achieve sustainable future By Ravindrasingham Balasingham"

i WELCOME THESE TYPE OF STATEMENT but IS bursa AWARE OF THESE ISSUES WHICH WERE NEVER IN PUBLIC DOMAIN?

Looks like the CEO "a turn around specialist" is not cut out w the local BURSA regulations? If he is aware of certain info which ha not been pre shared w PUBLIC, the best is to issue statement to BURSA first and only then open is mouth!

Is he the kind that TY n geng is asking shareholders to vote for?