Of course certain parties would like aax to merge with MAS. Aax was a big failure.. and everyone wants to exit. But who will bail it out? The rakyat lo........ in the end... the poor rakyat in msia keep feeding tony and kamaruddin and make them even richer.

All the best !

Remember subscribe big win big. Subscribe small, win teh tarik only.

Well, they cleared off a big portion of the loan with the special dividends and normal dividends. So now.. got firepower again.... must go All out if they think AAGB is RM10 per share.

If owner know sure untung and think can turnaround, but only talk, how la ikan bilis want to believe his story?

Well,

Would like to see Tony And Kamaruddin walk the talk.

Pump in RM1billion of own money to show support and instill confidence in the public.

If boss also dont want pump in own money, then u know the future is GG. Just wanna sapu ikan bilis hard earn live savings.....

what is the machine use ? is it Revenue machine or other company?

i nothing got 3 type. one is orange machine by ipay88, one is the old type with pin pad by GHLsys(paysys). and Revenue machine is white android one.

cakap pandai, main IG pandai... tapi results tak boleh pakai.
Special dividend dah masuk poket.

in the end... nak minta rakyat bail out juga.
apa beza dengan MAS?

sama je....

AirAsia is not the only airline supporting the government. This is FAKE NEWS because the National Airline is also contributing a lot.

AirAsia is the only airline BOASTING about it on social media.

The National Airline is doing their service quietly and sincerely. If you are sincere, there is no need to boast and let people know.

Now is the time to use up whatever remaining cash reserve, if any.....,

Why only refund "credit" (and hold customer's cash)? Why not refund cash back to customer?

Below is an extract from the newa

"Low-cost carrier AirAsia Group Bhd and its long-haul arm AirAsia X Bhd (AAX) will ground most of their fleet and suspend flights from March 28 except a small number, mostly within Indonesia and Thailand.

To further manage and contain costs, AirAsia said its management and senior employees will forego their salary, ranging from 100% at the very top to 15%.

AirAsia will temporarily suspend all international and domestic flights in Malaysia from March 28 to April 21, while that of its flights operated by AirAsia Philippines will be suspended from March 20 to April 14.

AAX will also ground most of its planes in Malaysia from March 28 to May 31, while AirAsia X Thailand has suspended its operations for three months since March 16."

Good question...... only TF himself know.

He kept preaching on social media.. AirAsia and AAX is the most undervalued stock in the world....

Hopefully he can walk the talk and support his statment.

Went to SANTAN before the Corona Virus pandemic..... half empty during meal hours... while madam kwan next door has long queues.......

Cheap is not everything... madam kwan's food cost twice or thrice as much... yet people still go.

Now many people are making a hard realisation that AirAsia Lowcost tickets only works when everything goes smoothly. When shit happens..... When you need to refund ... their AVA is useless......

People are begining to realise that you get what you pay for... and in terms of value... Malaysia Airlines is slightly more expensive.. but offers a lot more in VALUE.

Most airlines with big pockets are facing the risk of possible bankruptcy............

Airasia is a lowcost airline with paper thin margin.... whether they really made any money or not remains a mystery....... maybe they did , maybe they didnt earn as much as they claim.

With their cash exhausting fast ..... and most valueable assets already sold..... what else can they sell to raise cash ?

Aircraft leases needs to be paid.... staff wages needs to be paid ...... passenger needs to be refunded .... ...

Most of the diWORSEsification failed.. QPR.... Caterham .... Santan ... ... all these are not generating cash.... all these are burning airasia's cash..

Keeping cash to stay alive during times like this.

If any companies are to survive through this..... homeriz should be one of them because of the low gearing and high cash reserves.

Dont Kid Yourself.....

Even big major airlines with deep pockets are severely affected...Emirates, Qantas, Singapore Airlines, Cathay Pacific...... just to name a few are all affected.....

You all really think AirAsia is an exception? Or AirAsia is so good and have so much cash that they can withstand anything?

Have you noticed TF toned down and quiet down recently? Does it ring an alarm?

Hehehehe

If you sell your house for 1million and sign a 25 year rental contract worth 2.5 million from the new owner which you have to pay irregardless of whether you live in it or not.............

Will the 2.5 million appear as debt in your accounts ?

If you sold your house for 1 million, spent 300k, you are left with 700k. Is that 700k free cash ?

During the good times, everyone lives like a rich person, using credit cards and loans, buying up expensive items, cars, and properties.

When the bad times come, only those who manages and limit their debt during the good times will survive.

Many Investor in Denial....

Covid19 is not the problem. Covid19 is the trigger/catalyst.

If you swim without underwear, when the tide recedes, which you know it definatrly will, you are exposed without your underwear.

So is the problem You or the tide receding?

After hearing all the horror stories of the almost non existence customer support AKA AVA chatbot, do you think u dare to try bigpay with unproven aftersales and customer support?

Malindo has annouced a 50% paycut for all its employees.

Airlines profit margin is very thin. Most of the airlines are government owned because it has the multiplier effect to the economy as a whole.

I am of the view that AirAsia and its subsidaries never really made money all these years.... they managed to get by with accounting and also sale and leaseback agreement.

If they are cash rich and ethical , where aren't they refunding the passengers who have booked flights to japan , china , and korea?

Malaysia Airlines on the other hand are offering refunds and flight change to their customers.

The Public only see the surface and blame Malaysia Airlines for losing money, but fail to see their contribution to malaysia's economy via tourism, and the supply chains.

AirAsia on the other hand shows "profit" but are not refunding poor passengers, and conducted a questionable sale and leaseback agreement.

We could witness one of the biggest bubble bursting soon.

Gotta face the reality also.... GENM may be against their believes. But the money and tax is still good. And most of it doesnt come from them.

They are not allowed to enter. Infact keeping GENM running may be one of the methods to redistribute the wealth from the nons to the bumis in the form of taxes..

RM 1.00 is the psychological wall. Once thats broken..... i think got chance to catch up with AAX .

Internally things already happening. Lucky no need disclose to bursa.

I wonder where did you all see the "positive" 728million cash ... i look.. and look.. and look again....

They net cash balanced fell for that quarter.... overall their cash fell?


Im just a SPM grad.... no fancy accounting kualifictionalcation.

Speak to any staff u know.. and u can find out whats actually happening inside...... good luck.. bilis.... the truth is out there.

Kekeke... doing well?

Insider info is suggesting otherwise.. hehehe have u spoken to any staff?

Many people say look at the chart in 2015 ......

If one can invest and make money by using the chart pattern in 2015..... and apply that logic now....

Congratulations... you should retire by now , since its that simple.

there was a guy who said that Sale-and-Leaseback is to reduce cost and to be asset light.

was this guy joking? i don't see him here anymore.

Sale-and-leaseback agreement is signed for X number of years. Regardless of whether you need 10 planes tomorrow , or 5 planes, you still need to pay the lease for 100 aircrafts for X years because you signed the agreement.

https://www.theedgemarkets.com/article/airasia-group-expected-post-loss-rm11b-amid-covid19-outbreak

[[The research house continued to highlight that AAGB is less able to tolerate unexpected changes to demand and yields given that its profitability has already been adversely impacted by the higher cost of leasing planes — with practically all of its planes having been sold and leased back in the past two years.]]

Dear Philip, your advice is an eye opener.

I am studying MasterCard INC . It's PE was highest in 2018, reached as high as 50 in Mar2018, share price was about 183USD.

for the rest of 2018, it was trading between PE40-50, but share price kept climbing to a high of 222USD before retreating to 173USD end of 2018, where is PE also dropped to 34, But because the profit and revenue kept increasing the share price did not drop to 125USD(assuming profit remained constant at the Mar2018 level).
The PE Corrected because the Revenue & profits increased while the share price retreated.

Today, Mastercard INC share price is 341USD, with a PE ratio of approx. 43.

your explanation is a an eye opener.

we are always trying to buy "cheap" stocks based on metrics, but like you said, why is people willing to sell the stock so cheap to you?

Thank You for the eye opener.

Assuming Ahonestly, AirAsia problems have persisted for a long time.

for the longest time, airasia is trying to "cover 10 bottles , with 7 caps". They are just juggling the caps around.

This corona Virus is just a catalyst/trigger...... the real problem is not the virus,

For example, a person who manages their money properly will not have problem in times of recession. But a person who doesn't, will go bankrupt during recession or some other unexpected events.

MR A and B. both invested in property.

A Earns RM-10000
B Earns RM-10000

A buys 3 property worth a total of 1.5 million. MR A. pays an installment of 7500 monthly for all the 3 properties. A is renting out 2 of the properties for a total of RM2400, and lives in the 3rd one. He is often boasting to B about how smart he is in using leverage to invest in 3 properties. And how the rental helps him pay for the properties and that the "good times(rental)" will continue and may increase to 5000 in future where it covers the installment completely. And he boast to B about his paper value which is RM 2 million (paper profit 0.5mil). Because the value of his property has increase, A refinanced his property and got RM500k cash.( he spends all the RM500k on holidays and renovation AKA special dividends)

B buys 1 property worth RM500k. B pays monthly installment of 2500. B lives in the property. B often hears A boasting about his 500k paper profit, and his monthly rental income of RM2400.

A cashflow RM10000-7500+2400 = RM 4900

B cashflow RM10000-2500 = RM7500.

now comes the shit times.... corona virus hits, A runs a travel agency business, a lot of his customer cancels their tours, and A has to refund his customers, and survive without income for a few months. At this time also, his tenants left because they became jobless and is no longer able to pay for the rent.

Assuming A and B both lost their income. and both has savings of RM15000

now A cashflow RM0 - RM7500 - RM2000(after refinancing) = - RM9500

B cashflow RM0 - 2500 = - RM2500

Who do you think can survive for a few months ?

it's obvious... who got caught with the pants down? good times don't last forever....

very soon, A goes to B and ask for help, he has no savings, no cash, and will not last more than 3 months.

B is the one laughing now

Accountants normally take the annual report at facevalue.

They think that what they see is what they get....

They had failed to realise thst what they see, is what "the management" want you to see.

some say AA has no debt. and that the Lease obligation (AKA refinancing) is not a debt. kakaka!!

AA has no Aircraft Assets now, and also no money, because the money was siphoned out via 2 rounds of special dividends at 40 cents, and 90 cents. it's almost an empty shell company.

still can't see the big picture?> kakakakak.


some still mati mati say that AA got healthy balance shit with loads of cash.

If Exec1 and Exec2 found guilty.

It will trigger another round of investigation into the AirAsia Accounts.

When you start to open a can of worms.. more worms will come out.

GMT research based in HK is a research firm where not every tom dick and harry can access their report. You need to pay a big subscription fee to subscribe. Do you think they give negative report in 2015 for fun?

When you see a 2nd hand car, it looks nice on the outside until you sit in it.
Then you will start finding defects. And when you start the engine, you hear more noises.. when you try to drive it.. more noises come out.

There is a very deep implications behind the investigation.. it may be the tip of an iceberg. No corruption case is as simple as i get money , case close. It involves a lot of partys
. Companies... etc etc

in a short span of 11 days, 59 million airasia shares were disposed in the market by a once substantial shareholder.

if that doesn't excite you, what else will?

there is 2 options for ikan bilis.

"Buy Low, Sell even lower"
"Buy Low, Sell Higher"

which of the 2, do you think will happen to you?

Confirm airbus wont risk their reputation and defame executive 1 and 2. They got nothing to gain in defaming them. They still paid USD4 bil settlement.

But now u question the integrity of the executives. Is the company empty shell? Are the cash really cash ? The receiveables really receiveables?

Stay calm... no sell no lose. Maybe wife lari only.

When u invest... u always want a SWAN. Not a blackswan event. But a SWAN. Airasia is not a SWAN stock.

What is SWAN? Sleep Well at Night without having to worry about waking up at 9am and selling your position off to cut loss.

Received USD100mil in sponsorship... team never made money, declared unprofittable and sold the team. Where did the money go? Boleh percayakah?

do you know what are landing slots?

it's obvious that most of you doesn't know airline business and how plane flies.


do you think you can just start your plane engine and fly to a new destination? have you ever wondered why certain flights lands at certain time? why not other times?

for example some suggested to increase flight utilization to india to utilize the under utilize plane

do you think you can just fly to London or paris just because you have spare plane?

thank you

at least EPF didn't lose big... they received the Special Dividend already.... consider.. earn, but earn lesser.

the more it goes up, the better for "Malaysians" if not EPF will get stuck...

thank you to retail investors.... helping malaysians bailout epf airasia holdings... kekekeke

Ask yourself this....

Why do they keep adding more associates every few years ?

Why none of their associates can make money if the business model is sound?

Why are their associates failling one by one after a few years , the latest failure indonesia airasiax

Probability,

Its wrong to compate other airlines stock performance with airais's.

They are all very different companies in terms of operations , routes, balance sheet.. etc etc.

Airasia is operating on very thin margin(or even none existent) at all. They are barely surviving from pushing the aircraft to their associates and earning the "lease" from the associates and let the associates die.

Have you ever wonder why none of the associates is able to make money till today?

AirAsia is nyawa nyawa ikan. Anytime they can flip...

Thats why u cannot compare the other national airlines with airasia. Their modus operandi of doing business is different

Dear Philip, when valueing a stock, and deciding whether to buy or not...

is EV/Ebitda , PE etc. etc very important ? or they are important, but not the first priority?

For example,
NESTLE was picked as a stock which i believe is good and has sustainable and predictable business.

10 years ago, when it was trading at RM20 something i didn't buy. when it went to 60 something, i didn't buy. at 80 something, i didn't buy. All these while, it's PE was 30x which is considered a PREMIUM.

now it's at 140 something, PE50x which is very expensive.

as you can see, i waited for the the "valuation" to fall before i buy in. IT didn't happen to companies like NESTLE, and instead valuation keep growing.

what is your opinion on this? for example one of the stock that you have , QL, it's not cheap in valuation too. but the valuation just kept growing.

The major difference is.. AA is opening up new affiliates and getting fresh loans with new company and push the lost to the new companies.

MAS absorbed all the losses... thats why the amount is massive.

if they start digging all the airasia affiliates, i'm sure the figure might be even bigger than MAS.

Affiliates::
Thai AirAsia (2004)Indonesia AirAsia (2005)AirAsia X (2007)Philippines AirAsia (2012)AirAsia India (2014)Thai AirAsia X (2014)AirAsia Japan (2012–13 defunct; 2015 re-launch operations)

Defunct Affiliates::
FlyAsianXpress (2006–07)AirAsia Zest (2013–2016)Indonesia AirAsia X (2014–2019)


if you look at the trends, it has to keep opening new affilates so that the new company can take new loans, and pump the money back into the mother company. it has to keep going for them to keep surviving.

Back in 2003, during the SARS outbreak, Airasia was affected too. of course they survived.

but back then, it only had 6 aircrafts. it's easier to survive as the cost involve are much lower.

Now it has about 100 aircrafts in Malaysia, that's 14 fold..... imagine the cash deficit per month with 100 aircraft vs 6 aircraft

rr88

If your analysis regarding the people travel habits is spot on and 100% accurate........

This airline will not last very long... as it has been running on cash deficit for long time.... and had to refinance(sale and leaseback) to get a lifeline cash "loan" injection...... its expenses is gonna kill it very fast .... cashcall might be coming......

Where else can they expand to keep using new company to secure new loans ?

When you visit a girl's room, make sure you don't remove your pants.

Once you remove your pants, even if you say you didn't do anything,

who will believe you?

moral of the story, there is no wave without a storm.