Posted by ivanlau > 2020-08-02 22:08 | Report Abuse

foresee tomorrow will gap down to 0.05 ..........

Posted by Good123 > 2020-08-02 22:49 | Report Abuse

cimb target price zero Sen, probably close between 1 and 3 Sen tomorrow

Posted by Good123 > 2020-08-02 22:50 | Report Abuse

under heavy selling pressure tomorrow, personal opinion

Posted by Good123 > 2020-08-02 22:51 | Report Abuse

right issue like this again probably otw. Rights Issue

AIRASIA X BERHAD
EX-date13 May 2015Entitlement date15 May 2015Entitlement time05:00 PMEntitlement subjectRights IssueEntitlement descriptionRenounceable rights issue of up to 1,779,071,540 new ordinary shares of RM0.15 each in AirAsia X Berhad ("AAX Shares") ("Rights Shares") together with up to 889,535,770 free detachable warrants ("Warrants"), on the basis of 3 Rights Shares for every 4 AAX Shares held as at 5.00 p.m. on 15 May 2015 ("Entitlement Date") and 1 Warrant for every 2 Rights Shares subscribed for by the entitled shareholders at an issue price of RM0.22 per Rights Share (the "Rights Issue with Warrants")Period of interest payment  to  Financial Year End31 Dec 2015Share transfer book

Posted by chickenriceseller > 2020-08-02 23:29 | Report Abuse

0.00 esok

Posted by Johnng8882020 > 2020-08-02 23:44 | Report Abuse

0.005 can bet 10000 lots. Better than buy toto. No die u win big big

Posted by Johnng8882020 > 2020-08-02 23:48 | Report Abuse

This time AAX right issue may be free air tickets +free warrant +free travel insurance

Posted by $$$ ^v^ GOODLUCK ^v^ $$$ > 2020-08-03 05:30 | Report Abuse

target 0.05 cents

Posted by B4b4 > 2020-08-03 07:37 | Report Abuse

Can buy at 0.005s?

Posted by abang_misai > 2020-08-03 07:44 | Report Abuse

Can try at 1/2 sen

Posted by Good123 > 2020-08-03 08:05 | Report Abuse



"This is devastating ... nobody wanted it to get to this," Treasurer Josh Frydenberg told Nine News television. "There is only one way out and that is to stem the tide of new cases. This is a big kick in the guts to thousands of small businesses right across the state," he added

MELBOURNE: Australia's second-most populous city Melbourne emerged on Monday from its first night-time curfew to contain the spread of a resurgent coronavirus, as residents braced for further closures and job losses.

The state of Victoria on Sunday imposed the nightly curfew for the capital Melbourne as part of the country's harshest movement restrictions to date to contain a resurgent COVID-19.

The move was backed by the federal government with Prime Minister Scott Morrison saying it was "regrettably necessary" to stop the spread of the pandemic.

The curfew from 8 p.m. to 5 a.m. every day will be in place for six weeks, barring the city's nearly five million people from leaving their houses except for work or to receive or give care.

The city wore a deserted look on Sunday night, after the government declared a 'state of disaster', which gives police additional powers to ensure people are complying with public-health directions.

Supermarkets will remain open, and restaurants, already closed for dining in, will be able to continue with their takeaway and delivery services.

But some businesses that previously had not been forced to close will be asked to shut down. More details are expected to be announced on Monday.

"This is devastating... nobody wanted it to get to this," Treasurer Josh Frydenberg told Nine News television.

"There is only one way out and that is to stem the tide of new cases. This is a big kick in the guts to thousands of small businesses right across the state," he added.

He said some businesses will not be able to operate while some will operate in reduced capacity. Victoria makes up about a quarter of the national economy.

The state reported 671 infections on Sunday, one of its highest levels, and seven COVID-19 deaths. While Australia has fared far better than many other countries in keeping the coronavirus from spreading, high numbers of community transmissions and cases of unknown origins have forced the new restrictions.

The restrictions limit outdoor exercise to one hour. All schools will move to remote learning from Wednesday. - Reuters

Posted by Leong966 > 2020-08-03 08:10 | Report Abuse

3rd Q will be losses also..

Posted by RedEagle > 2020-08-03 08:33 | Report Abuse

0.03/0.04?
PN17?

Posted by sampooler > 2020-08-03 08:57 | Report Abuse

000 come come

Posted by ocpd > 2020-08-03 09:03 | Report Abuse

AAX operators screwed big this time. Warning sign was clear since AA Q2 result.

Posted by newbie1111 > 2020-08-03 09:36 | Report Abuse

only hope for this counter is a bailout,need to find sugarsaddy ASAP

Posted by IronShirt > 2020-08-03 10:22 | Report Abuse

margin account holders defend like Mad...Last Battle, survival rate very slim

Posted by maggiemee > 2020-08-03 10:28 | Report Abuse

GG.com

Posted by IvanC > 2020-08-03 10:54 | Report Abuse

gap down, QR lost confirm hit historical high.

Posted by Monica > 2020-08-03 12:16 | Report Abuse

sayonara...

Posted by Good123 > 2020-08-03 12:28 | Report Abuse



A jeepney driver who lost his livelihood amid the coronavirus disease (COVID-19) outbreak takes shelter inside a jeepney, in Quezon City, Metro Manila, Philippines, July 30, 2020. REUTERS/Eloisa Lopez

MANILA: The Philippines will put its capital Manila back on a stricter lockdown starting Tuesday as coronavirus cases surged more than fivefold after curbs were eased in June. Stocks slumped.

President Rodrigo Duterte approved his Cabinet’s proposal to tighten restrictions in metro Manila and nearby provinces for 15 days, following doctors’ recommendation to reimpose the lockdown as a spike in infections overwhelmed the health care system.

Philippine stocks dropped the most in Asia after Duterte’s announcement, falling as much as 3.9% Monday to its lowest since May 29. The peso strengthened 0.1% to 49.09 per dollar, trading near its strongest since November 2016, with the lockdowns seen curbing imports and demand for the U.S. currency.

"This will unlikely to stop the selloff by investors, ” says Manny Cruz, strategist at Papa Securities Corp. "There is perception a localized lockdown will not work anymore and a more stringent quarantine is needed since the infection is no longer in cluster but community wide. This could derail the expected third-quarter recovery.”

Finance Secretary Carlos Dominguez said stricter restrictions may hurt consumer demand and production in the short term, but will be positive in the long run if the health-care system will be boosted. Last week, he said the economy -- which is facing its deepest contraction in three decades -- was already starting to recover.

Local virus cases rose again by a daily record to 103,185 on Sunday, the second-highest in Southeast Asia. A total of 2,059 have died from the outbreak.

Under the stricter quarantine called a modified enhanced community quarantine, stay-home orders will be reimposed and public transport - including air travel - will be halted. Malls, except leisure shops, and restaurants with take-out and delivery options can open with half of their workforce. Barber shops, salons and gyms would be shut.

Duterte approved the hiring of 10,000 medical professionals and the recommendation to issue work and quarantine passes to minimize movement, spokesman Harry Roque said.

"So far, the plans on how to support the healthcare system have been lackluster, ” says Edmund Lee, CEO of the Caylum Trading Institute. "Fiscal policy needs to come out with very clear steps to support an already fragile stock market.” - Bloomberg

Posted by bomblikeme88 > 2020-08-03 13:37 | Report Abuse

Anybody got the chance to decipher this and understood the RRPT? https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3073682

Posted by Eric1969 > 2020-08-03 14:14 | Report Abuse

Cheaper than return air ticket to Sabah, I try some since can't travel overseas anyway

Posted by Good123 > 2020-08-03 14:47 | Report Abuse

KUALA LUMPUR (Aug 3): AirAsia X Bhd (AAX) fell as much as two sen or 28.57% in active trade Monday morning, as analysts warned that the worst is yet to come for the carrier after it posted its biggest-ever quarterly loss.

At 11.45am, the long-haul low-cost carrier's shares traded 1.5 sen or 21.43% lower at 5.5 sen, with 53.63 million shares exchanging hands. 

Foreign exchange losses and wrong hedges against higher crude oil prices pulled AAX into a massive net loss of RM549.7 million for its first quarter ended March 31, 2020. 

CGS-CIMB Research has maintained the stock at "reduce" with a lower target price of RM0 (from 0.4 sen), as AAX already fell into a net liability position as at March 31, with the worst yet to come. 

The research house said AAX is now in a desperate attempt to grasp at all the straws it can find. It also believed that the group has not been paying its lessors, maintenance providers and suppliers since fourth quarter 2019 (4Q19).  

“AAX burned through RM140 million in cash during 1Q20 (first quarter ended March 31, 2020) and only has RM219 million left as at March 31. Assuming 1Q20 salary costs of RM105 million are reduced to RM70 million per quarter for the rest of the year, AAX only has enough cash to pay salaries until the end of 2020, not even considering its obligations to its suppliers,” according to the research house's note dated July 31. 

It noted that AAX is currently negotiating with suppliers to reduce aircraft lease rates and to pay on a per-use basis, to early return leased aircraft that is in excess of future requirements, to reduce airport charges, to revisit terms with business partners, and to restructure its fuel hedges with the remaining 30% of counterparties that have yet to agree to defer payments. 

Going forward, CGS-CIMB said AAX’s survival will depend on it securing a new RM500 million bank loan. AAX is negotiating with banks for a new RM500 million loan and it will approach Danajamin Nasional Bhd to guarantee 80% of that loan once gotten approval from the banks. 

“Our view is that it will be unlikely for any bank to agree to provide liquidity unless there is shareholder support. But we have no evidence of either the individual shareholders of AAX, or AirAsia, willing to top up equity, and the Malaysian government has so far not offered state backing (apart from the offer of a Danajamin loan guarantee). 

"In short, we believe that AAX is unlikely to secure the debt or equity funding it needs to see it through the Covid-19 pandemic,” the research house added. 

“Our 'reduce' call is premised on the more probable outcome of AAX failing to secure the new RM500 million financing, and/or failing to secure new equity capital, which may make it the first airline casualty in Malaysia from the Covid-19 fallout,” it further added.

Posted by Good123 > 2020-08-03 14:50 | Report Abuse

On the contrary, CGS-CIMB said its earnings forecasts are premised on AAX successfully securing the RM500 million loan and continuing to defer a significant portion of payments to suppliers in the next 12 to 24 months, which may be unrealistic assumptions, but necessary for the purposes of producing forecasts on a going concern basis. 

The research house now anticipates the group to register a widening net loss of RM2.53 billion in the financial year ended Dec 31, 2020 (FY20). This was compared to its RM489.48 million net loss booked in FY19.

It also expects AAX to continued sinking into red, projecting a net loss of RM1.05 billion for FY21 and RM725 million for FY22. This translates into a loss per share of 61 sen in FY20, 25 sen in FY21 and 17 sen for FY22. 

As AAX is a long-haul airline and it needs to wait a lot longer for international borders to reopen, CGS-CIMB forecasts assumed that AAX’s available seat kilometre capacity in FY20 will only be 22% of its FY19 baseline, with FY21 at 40% of the baseline, and FY22F at 50% of the baseline. 

Even if borders reopen, it added that AAX may have to be a lot more selective on the routes that it flies. 

Meanwhile, PublicInvest Research in a note today said AAX's 1QFY20 net loss was below house and consensus’ loss estimates. 

The research house has widened the core loss estimates for AAX further by RM303.8 million to RM617.3 million for FY20 to FY22, compared to RM73 million to RM283 million previously due to ongoing travel restrictions and longer recovery anticipated for travel demand. 

PublicInvest Research said AAX is now in a severe bind given its negative shareholders’ equity position — which has triggered caution by its external auditors on its ability to continue as a going concern — with the worst of its financial troubles likely yet to be seen.

“Based on our estimates, the group may require at least RM1.2 billion of equity funding to convert its current negative shareholders’ equity to a positive position, though we understand that the bulk of its negative equity were caused by unrealised forex loss and aircraft lease liabilities (under Malaysian Financial Reporting Standards 16 [MFRS 16]). 

"The group could also opt to issue perpetual bonds, though it could be a challenge given its current financial plight and the likelihood of extremely exacting requirements by investors,” said the research house. 

The research house is troubled over AAX's near- to mid-term outlook, with its viability as a going concern an immediate priority. As such, it has maintained its “underperform” call on AAX with a lower target price of one sen. 

According to Bloomberg, AAX has seven analysts covering the stock. Six of them have "sell" calls while one has a "hold" call. 

Year-to-date, AAX has declined 65% from 16 sen on Dec 31, 2019.

Posted by newbie1111 > 2020-08-03 16:11 | Report Abuse

Currently how many route are still open for AAX and how much is the load?

Posted by Good123 > 2020-08-03 17:04 | Report Abuse

fell more than 20% today

Posted by Harry > 2020-08-03 17:05 | Report Abuse

not bad, only drop 20%. expect limit down

Posted by Good123 > 2020-08-03 19:20 | Report Abuse

without cash injection, liquidation is approaching

Posted by EVO118 > 2020-08-03 19:44 | Report Abuse

Why is AAX giving all the business to Malaysian Airlines to fly to Aust. One way $4500 AUD. STUPID!

Posted by sharewiz118 > 2020-08-03 21:11 | Report Abuse

tp 0.01

Posted by Sunshine > 2020-08-03 21:27 | Report Abuse

Checked MAS and AA websites. For the same booking dates and destination, you get to buy flights with MAS but not AA. What does that tell you ?...

i. Integrity? - Enough of customer complain on refunds...and
ii. No planes - Because of renegotiated leasing contract. I did see a remark in the Quarterly result that AA is looking at leasing by demand and/or per use. So long Covid stays and no flights out, no cash burn for AA. That's my take. Will see how that impact upcoming Quarterly result.

Posted by wallstreetrookie > 2020-08-03 22:16 | Report Abuse

Already told yall to get out long time ago. Why still hold? Delist soon

Posted by wallstreetrookie > 2020-08-03 22:18 | Report Abuse

Terrible management. CEO kept lying to shareholders that “Our company has good future prospects” BS

Posted by wallstreetrookie > 2020-08-03 22:19 | Report Abuse

Won’t even consider this stock at 0.001

Posted by greedy44444 > 2020-08-03 22:24 | Report Abuse

When analysts said bad thing about a company, it means this is the best time to buy especially company as important and as big as AAX and AirAsia.

Posted by georgethefirst > 2020-08-03 23:11 | Report Abuse

drop another 1 sen tomorrow

Posted by sabdian > 2020-08-03 23:19 | Report Abuse

No good business at this time. Big flight for long distance not for domestic or in asean.

Posted by SpeedNpower > 2020-08-04 00:25 | Report Abuse

Confirm delist in coming months. TP set by IB = 0.00 lols who hold is dumb. Negative profit to come in next 10 qr

Posted by ocpd > 2020-08-04 02:52 | Report Abuse

Like this kind of sensationalized stories ... AAX order RM122 billions worth of planes!

https://www.thestar.com.my/business/business-news/2018/07/20/airasia-x-finalises-order-for-new-jets

Posted by ocpd > 2020-08-04 03:01 | Report Abuse

Sorry no bailout from lessors, maybe moratorium only ... don't bet on it though, these aircraft REITs will only look after themselves, and will liquidate AAX without a blink.

"An executive at one of the carrier’s lessors tells Cirium that it is unlikely the company will allow AirAsia X to skip lease payments entirely but may be open to letting it postpone payments."

https://www.flightglobal.com/strategy/airasia-x-asks-lessors-for-lease-payment-deferrals-sources/136882.article

Posted by ocpd > 2020-08-04 03:06 | Report Abuse

@Sunshine maybe you don't know how leases work? AAX still has to pay rentals regardless their planes are flying or not.

Posted by EVO118 > 2020-08-04 03:46 | Report Abuse

There is now a gap of 0 06 - 0.07. This will eventually closed up in the short term.

Posted by Good123 > 2020-08-04 06:15 | Report Abuse

The Malaysian government declared Movement Control Order (“MCO”) from 18 March 2020 to
12 May 2020 in response to the COVID-19 pandemic in the country. As a result, government and
private premises providing non-essential services were compulsorily closed. On 4 May 2020, the
government eased the order via the conditional movement control order which allowed almost all
businesses to re-open, guided by the standard operating procedures. The order has subsequently
been extended on several occasions with the recovery MCO in place with effect from 9 June 2020
until 31 August 2020. During the recovery MCO, interstate travel is allowed generally.
The easement on domestic travel encourages the return of domestic tourism which will play a
vital role towards recovery of the hospitality sector while country borders are still closed to
international travel. However, there is also concern of another wave of the COVID-19 pandemic
as restrictions are eased which could delay the recovery.

Posted by Good123 > 2020-08-04 07:37 | Report Abuse

aax closure will help mas and Malindo

Posted by Good123 > 2020-08-04 08:22 | Report Abuse

Melbourne to close retail, scale back other industries until mid Sept

ECONOMY

Monday, 03 Aug 2020

3:18 PM MYT

Posted by newbie1111 > 2020-08-04 10:36 | Report Abuse

Long haul budget airlines business model already are shaky during the best of time for aviation，with covid it have zero chance to be profitable for years

Posted by Jeffreyteck > 2020-08-04 18:56 | Report Abuse

Management and bod quality = 0.
Major SH credibility = mentioned by someone above.
ST potential = given by cimb.
In short, everything=0 unless trading play by active traders.

Posted by EVO118 > 2020-08-04 21:53 | Report Abuse

Flights to Melb,Syd,Perth available on Malaysian Airlines until satisfactory capacity

Posted by chickenriceseller > 2020-08-04 22:50 | Report Abuse

no need for aax, no cheap flights also but got cheap service