On the way to RM3.36 ! AAX at 3x PE means should reach RM3.36, China reopening impact is definitely will bring more tourists to Malaysia. Article from Nanyang as below on China reopening impact to tourism industry in Malaysia.
All three groups of creditors of Malaysian long-haul low-cost airline AirAsia X (AAX) have agreed to a restructuring scheme that proposes to pay just 0.5%
The first class of AAX creditors includes airports, financial institutions and maintenance providers.
The second class includes engine suppliers, lessors, trade creditors, travel agents and passengers.
The final group is planemaker Airbus
The 0.5% of debt owed to each creditor will be paid from operating cash flow one year after the debt restructuring goes into effect, the airline said in the document.
AAX also proposed that if it were to garner more than 300 million ringgit in annual earnings before interest, tax, depreciation and amortisation, lease rentals and restructuring costs during its 2023-2026 financial years, all creditors except Airbus would be entitled to 20% of those earnings.
Klee if U untung,sell la... No worries... Can buy back later... I'm too lazy to sell... Already niat nk tunggu next quarter report... Just riding the uptrend till it bends...
Part of AAX PN17 regularisation plan is debts restructure, capital reduction and 10 to 1 share consoludation follow by a renounceable rights issue of new shares to raise gross proceeds of up to RM300 million from its existing shareholders, and an issuance and allotment of new AAX shares to raise another RM200 million.
Stony did not carried out the RM 500 million capital cash call and now intent to inject CapitalA aviation with its billions in net liabilities into AAX for maybe billions of AAX share to CapitalA which will then be distributed to all the CapitalA shareholders.
So AAX will then need another round debts restructure, capital reduction, share consolidation and capical cash call again to get out of PN17.
1.23? too low la. Tony thought that we are gonna sell for him to buy back at lower price, no way. Im not gonna sell before 1 April, when China open for tourist visa! Go Go Go RM2.00!!
AAX to go PN17? look at the demand right now! Their recent promotion, i can't even get a single ticket to Taiwan or Japan. This year's tickets fully sold out! Just wait for the next QR!
Someone do not know AAX and CapitalA is a PN17 company!!!
sinkalan2015 AAX to go PN17? look at the demand right now! Their recent promotion, i can't even get a single ticket to Taiwan or Japan. This year's tickets fully sold out! Just wait for the next QR
Syarikat PN17 dan GN3 List updated: 8 March 2023
PN17 Companies AIRASIA X BERHAD ALAM MARITIM RESOURCES BERHAD ASIA MEDIA GROUP BERHAD BARAKAH OFFSHORE PETROLEUM BERHAD BERTAM ALLIANCE BERHAD CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD) COMINTEL CORPORATION BERHAD DOLOMITE CORPORATION BERHAD (IN LIQUIDATION) E.A.TECHNIQUE (M) BERHAD FSBM HOLDINGS BERHAD IQZAN HOLDING BERHAD IREKA CORPORATION BERHAD IVORY PROPERTIES GROUP BERHAD JERASIA CAPITAL BERHAD KHEE SAN BERHAD KNM GROUP BERHAD KONSORTIUM TRANSNASIONAL BERHAD PERAK CORPORATION BERHAD PHARMANIAGA BERHAD PROPEL GLOBAL BERHAD (FORMERLY KNOWN AS DAYA MATERIALS BERHAD) SAPURA ENERGY BERHAD SARAWAK CABLE BERHAD SCOMI ENERGY SERVICES BERHAD SCOMI GROUP BERHAD SEACERA GROUP BERHAD SERBA DINAMIK HOLDINGS BERHAD (IN LIQUIDATION) TOP BUILDERS CAPITAL BERHAD GN3 Company LAMBO GROUP BERHAD The status of these companies are set out in the attachment below.
Boring la Sslee. No one’s gonna care about your debt and PN17 story anymore. I’m not denying it, but it’s just a matter of time before they come out of it. This is your last ditch effort to screw this company verbally before they emerge from covid so work harder. Don’t give up.
SEPANG, 13 March 2023 ‒ AirAsia, the low-cost airline with the biggest fleet, widest network and lowest fares, continues to add more planes, more flights and more destinations across Asia and Asia Pacific and to celebrate, the airline has today launched a 10 million FREE* Seats Mega Sale to a myriad of destinations worldwide.
From now until 19 March 2023, value-seekers are in for a treat! Those looking to explore our picturesque domestic cities can fly to Langkawi, Penang, Johor Bahru and much more from only RM23* one way. Seats to a wide range of exciting destinations in Asean such as Jakarta, Bali, Bangkok, Ho Chi Minh City, and many more are also available from just RM60* one way. The sale ends this Sunday, 19 March 2023 for a travel period between 4 September 2023 and 13 Aug 2024, so get in quick and start planning your vacations early to secure the best value deals!
For globe-trotters wishing to spread their wings and fly a little further, AirAsia X has got you covered. From just RM329* all-in one-way fare, adventure-seekers can make their way to the pristine beaches of Perth, food-and-shopping haven Taipei or bustling Tokyo. Those looking for a little plush and comfort need not look further - book your premium flatbed seats to these and many more long haul destinations from only RM1,299. This promo price is valid from now till 19 March 2023, for travel between 4 September 2023 and 9 July 2024.
AirAsia’s recently-resumed routes to China are also on sale. Fly from Kuala Lumpur to Hangzhou, Shanghai, Beijing (Daxing), Guangzhou, Shenzhen and Kunming from just RM599* one-way, from Kota Kinabalu to Guangzhou and Shenzhen from just RM299* one-way and from Johor Bahru to Guangzhou from RM469* one-way. As part of BigPay and AirAsia’s strengthened partnership, BigPay users can enjoy a further 5% off all AirAsia flights with flight code ‘AK’ for a year by using the promo code “BIGPAY5”*. For more information on this exclusive promo, please visit: https://bigpay.link/bigpayxAA5
China reopening is a global trend for the whole 2023. Stock market looks at the future earnings for the net 6 months. The PN17 is history, everyone knows it so already priced in.
Based on the data in this article quoting data from Cirium, number of flights to China will increase 259% from January to May.
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....
mlike
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Posted by mlike > 2023-03-14 15:20 | Report Abuse
Cut vega