Posted by tkl88 > 2020-09-28 23:56 | Report Abuse

Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 %) !

Posted by chickenriceseller > 2020-10-01 16:57 | Report Abuse

you throw money into the sea might get more profit than investing in aax.

Posted by RedEagle > 2020-10-02 10:08 | Report Abuse

slowly close shop and die

Posted by Mohd Yazid Mohd Ali > 2020-10-02 22:06 | Report Abuse

PN 17 SOON ,CLOSE SHOP SOON ,

Posted by Buy1sell2 > 2020-10-03 09:09 | Report Abuse

Covid is back and aax is not flying. So stock like this will not move much unless some miracles. Just pray hard for those who bought and wait ok?

Posted by ivanlau > 2020-10-03 20:13 | Report Abuse

---------- quote --------

Stock: [AAX]: AIRASIA X BHD

Aug 5, 2020 9:26 PM | Report Abuse

------------- quote --------

Stock: [AAX]: AIRASIA X BHD

Aug 2, 2020 10:08 PM | Report Abuse

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

I already told u all at 2/Aug , share price will drop to 0.05 .

---------- unquote ---------

Already highlighted at 2 Aug it will drop to 0.05

Posted by tkl88 > 2020-10-05 11:56 | Report Abuse

Budget 2021 expected to be expansionary Monday, 21 Sep 2020
By DALJIT DHESI
https://www.thestar.com.my/business/business-news/2020/09/21/budget-2021-expected-to-be-expansionary

PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.

The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.

The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.

Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.

Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.

"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.

Posted by tkl88 > 2020-10-05 11:56 | Report Abuse

Yes, pre-budget 2021 bull market is coming !
Budget 2021 will be unveiled on Nov 6 !
So, now onwards Aviation, Leisure & Holiday theme will be super bullish !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-10-06 00:16 | Report Abuse

Wow, oil price spike up like mad !
As at 12.03am,
Nymex=> $39.25 ‪(+2.20) (+5.94%) !‬
Brent=> $41.35‪ (+2.08) (+5.30%) !‬

Posted by tkl88 > 2020-10-06 08:09 | Report Abuse

‪Walaoeh ! ‬
‪Dow Jones continue it’s bull run by‬
‪spike up 400 over points !‬
Dow Jones closed at=> 28,148.64 (+465.83) (+1.68%) !

Posted by oskchoon > 2020-10-06 21:00 | Report Abuse

AAX announced capital reduction of 10 shares consolidate into one share.... It is terrible news..

Posted by oskchoon > 2020-10-06 21:01 | Report Abuse

After capital reduction, maybe right issue with free warrant.... Beware....

Posted by Jeffreyteck > 2020-10-06 21:12 | Report Abuse

The group is seeking to restructure approximately RM63.5 billion of debt and for any balance to be waived, ..... Ready to cough out more $$$ for LT investment.

Posted by tkl88 > 2020-10-06 22:27 | Report Abuse

Wow, oil price spike up to sky high !
As at 10.15pm,
Nymex=> $40.70 ‪(+1.48) (+3.77%) !‬
Brent=> $42.68 ‪(+1.39) (+3.37%) !‬

Posted by Warren ala carte > 2020-10-06 22:33 | Report Abuse

AAX is goner...soon price will be like lambo, eduspec or trive

Posted by speakup > 2020-10-06 22:36 | Report Abuse

Toney Fernandez favourite child is AA not AAX
He will let AAX die in order to save AA

Posted by Sunshine > 2020-10-06 22:47 | Report Abuse

A share consolidation occurs when a company decreases the number of shares it has on issue. This causes the share price to increase proportionally, so that the value of each shareholders' holding remains unchanged relative to the market capitalisation of the company. - From Google...

Posted by Sunshine > 2020-10-06 22:55 | Report Abuse

The way i see it, by share consolidation, Supply volume will decrease and share movement propensity will be greater...

Posted by Jeffreyteck > 2020-10-07 07:32 | Report Abuse

Poor lenders and minority SHs. Rich management and bod, and of course all the professionals engaged.
Consolidation, sound good, lol. Better term it as capital reduction, and alone is insufficient, massive cash call is required so that everyone can still fly.

Posted by mf > 2020-10-07 07:36 |

Post removed.Why?

Posted by tkl88 > 2020-10-07 09:11 | Report Abuse

Wow, record history lowest @0.045 !
Who wanted to buy AAX can sailang now...
This is the golden opportunity once in your life time to become a wealthy person !

Huat ah ! Heng ah ! Ong ah !

Posted by oskchoon > 2020-10-07 09:22 | Report Abuse

Pls be patient, wait until the completion of the capital reduction of 10 become 1,just like NETX 25 become 1,after price drop from rm0. 25 to now RM 0.14, then subscribe for right issue with free warrant...

Posted by SinGor > 2020-10-07 09:36 | Report Abuse

first reduce cap. then RI. Price so low, RI no meat

Posted by investingbasics > 2020-10-07 09:57 | Report Abuse

seems like its the end of AAX

Posted by ARCBEETLE > 2020-10-07 10:01 | Report Abuse

RM63.5 billion of debts.. how many lifetimes to earn that sum back? :(

Posted by isupertrader > 2020-10-07 10:15 | Report Abuse

Goodbye AAX. It has been a good run.

Posted by Arab > 2020-10-07 11:06 | Report Abuse

Both AA & AAX have huge bad debts couple with now everyone can't fly due to Covid 19 pandemic. Anytime soon the price will further and another round of doping after share consolidation. Happy trading....

Posted by jasonred79 > 2020-10-07 15:27 | Report Abuse

I'm confused. I was looking at airasia X annual report from last year, they had less than 10b liabilities. like 6 borrowings. How did that suddenly balloon to 63.5b debt???

Posted by Invesbler > 2020-10-07 15:30 | Report Abuse

why i3 no updated price targets. Latest price targets here:
https://www.bloomberg.com/news/articles/2020-10-07/airasia-x-rescue-plan-fails-to-lift-spirits-due-to-gloomy-future?srnd=premium-asia

Posted by Jeffreyteck > 2020-10-07 15:54 | Report Abuse

Already negative NTA, technically TP=0. Current price supported by trading play like sumatec (semua jatuh) those days.

Posted by Smart2Win > 2020-10-07 16:37 | Report Abuse

AAX with pre-existing condition now hit hard by Covid19. On ventilator for some time. Some IBs oredi prognosed dead (TP=0).

Posted by jasonred79 > 2020-10-07 17:02 | Report Abuse

if the creditors don't agree to waive it's debts, it is indeed DEAD. ... currently AAX has several billion assets, and AAX is trying to tell the creditors to accept RM200m instead of the full 63.5b they owe. ... If I was the creditor, I would insist on liquidation, and pay me back whatever I can get. why would I take that 200m deal when liquidation would net me SO much more?

Posted by Smart2Win > 2020-10-07 17:18 | Report Abuse

@jasonred79....currently AAX has several billion assets ? you are pulling my leg !!! AAX is a shell, no asset, all aircrafts are leased; make used by AA to park major portion of its its bad debts. The building in KLIA is financed bank loan by AA but again AA is also in debts by billions. Both AAX and AA are in multi-billions of debts. How the auditors didn't qualify these over the years.

Posted by oskchoon > 2020-10-07 18:50 | Report Abuse

Guys, the only way to pay back creditors is to issue them private placement shares and right issue with free warrant after capital reduction of 10 shares consolidate into 1 share...

Posted by Invbeginner > 2020-10-07 18:54 |

Post removed.Why?

Posted by 145921_wjy > 2020-10-07 19:38 | Report Abuse

today closing price already drop more than ytd's lowest price... Currently cannot fly oversea. Now domestic sabah kedah klang also.....
T. T........

Posted by asianstock1 > 2020-10-07 19:42 |

Post removed.Why?

Posted by yameyamo > 2020-10-07 20:20 | Report Abuse

Finish

Posted by Jeffreyteck > 2020-10-07 21:33 | Report Abuse

Should just go for bankruptcy, easier, faster. New co take over.

Posted by SinGor > 2020-10-08 01:17 | Report Abuse

Airline stock is a different kind class of asset. Huge Debt is accept as a norm bcos each plane
is very expensive. As long as the Co., generate positive Cash flow, each plane will be replaced
by another newer plane and live goes On until Bursa no longer exit ( end of world ).

Covid is Airline Cash killer....one year without Cash, aax is dead on arrival.

Posted by ocpd > 2020-10-08 02:39 | Report Abuse

This stock is not even worth 0 cent!

Posted by ocpd > 2020-10-08 02:40 | Report Abuse

@tkl88 have you sold your mother and underwear yet?

Posted by techno88 > 2020-10-08 06:17 | Report Abuse

Better pn17 or declare bankrupt!

Posted by freddiehero > 2020-10-08 06:49 | Report Abuse

y need new Co take over? it is just another Co print cash for aa ma..

Posted by freddiehero > 2020-10-08 06:49 | Report Abuse

aax in trouble, ofcoZ aa too..

Posted by lalazai9 > 2020-10-08 08:42 | Report Abuse

If bankrupt all share money gone?

Posted by SinGor > 2020-10-08 10:00 | Report Abuse

manyak susah to bailout out....never make a lot money. Combine with MAS will result both
sinking to the bottom at the Double speed

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

If aax kaput, AA, Tony & Kama, Tune will receive a Mega shock. Most likely atleast ONE will declare a Bankrupt given the number of aax shares in their Holdings

Posted by ARCBEETLE > 2020-10-08 11:44 | Report Abuse

sorry to say this but if you go to a photocopying shop to xerox 1 piece of paper, it'll be worth Rm 0.20 per piece of A4 sized paper... u need 5 units of AAX to be equal to a piece of xerox-ed paper.. imagine that guys and let it sink deep for a while

Posted by Flytothesky2 > 2020-10-08 11:55 | Report Abuse

The money aax need already can open new aax. No hope already.