Above 6 billion of loans, current liabilities is more than 3.5 times of current assets, all key indicators in stock hunter are red, borrowing capacity is limited.... may ask for $$$ from existing SH including minority. TP remains 13, rightfully should be lower due to higher oil prices. Resignation of TF from other companies excluding airlines indicates more focus is required to turn around the two airlines. Accountants should be sacked at least.
Red is normal. If green then will be shocking. TF needs to buckle up and turn AAX around to be a profitable airlines. Trusted TF and he always failed to perform.
Have you guys read about corsia or carbon Offsetting reduction scheme for international aviation. All international flight starting 2021 will need to use biojet fuel or buy carbon credit. Another sad news for air Asia. Corsia will incurred more cost to aax
Surprisingly still well supported. Hope I m wrong, so many are happy. TP remains 13. Coming Sep results yoy should be improved yoy as last Sep is horrible, if otherwise, get ready for further down trend. Trading opportunities arise.
This counter is no point wasting time to talk about it. It is simply "Dissapointing" and I don't think it will go up any higher for time being and not sure it will take how many more years to wait! I hope it won't go into PN4 then I will lose all my investment money in this hopeless counter!
results are bad no person in right mind will buy other than pumpers or gamblers if things continue like this possibility of Rights Issue so your shares will lose another 10 to 20% easily if 16 sen once RI is out it may drop to 12 sen thats a high loss and a high risk not worth taking. if already bought and not a gambler, you should and MUST HOLD and MUST pay for RI shares to average down.
any shareholder in any counter who does not pay for any RI will always lose, thats the LAW of Gambling.
Drop to slow just to catch your hard earned $. Believe liquidity problems soon and call for $. MH whole life strategic review but never deliver, only bod, management and all staff benefited from the nation $. Sad, and AAX may follow its track. Good luck.
This counter keeping drop beside hopeless business the other Main Reason TF plan to sell more LOW LOW LOW price attract K GLC company big players interest to BUY in LOW LOW LOW price so can Merge with "mane ada system air"!!!BUY in below 0.10 so if merging surely govt reloan billion into so big benefit goes to AAX shareholders lo!!! IF U R ENOUGH SMART BETTER BUY IN BTW 0.10-0.07 lo...give within 06months definitely fly fly fly!!!! Simply bcoz TF n Dato K both holding even more share,wont die la!!!!TP0.10!!!!!
according to reports, the merger proposal would require the government to first pay for MAB's operational expenditures, recapitalise the airline, and settle its debts first.
If you want a cleaner MAB 1. FIRE all the shitheads from MAB 2. Detach MAB from local politics 3. Kick out all their existing suppliers, call for new open tenders 4. Khazanah to pay up all the MAHB debts and AA to pay up all AAX debts from own pocket. 5. Khazanah to sell off their majority stake in MAB, float the shares in the market. 6. Do flight sharing with AAX and fly new routes. Old routes not making money. 7. Make kamaruddin chairman n tony ceo. Fire the current board. They are useless, already bail out few times. Billions of rakyat money burnt. The mat salleh CEO also cannot tahan and runaway!.
I bet not even one of the above will happen. They will try to do a marriage of convince and fcuk-up both the companies.
@@@ ChefSaham Basically, AAX shareholders would get a ‘cleaner’ MAB. The ‘merger’ would only benefit AAX’s shareholders.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
freddiehero
16,722 posts
Posted by freddiehero > 2019-09-18 20:56 | Report Abuse
aa take out rugi part rejoin bursa become aax