Posted by skyinvestor > 2023-04-04 11:08 | Report Abuse

will this counter perform well if recession really happen this year?

Posted by Sslee > 2023-04-04 11:09 | Report Abuse

According to i3lurker.
CapitalA will inject CapitalA' aviation with 10 billion debts to AAX for 10 billion AAX share. (CapitalA book is now debts free and no more PN17)

AAX will then record a goodwill of 20 billion as non current assets (10 billion debts + 10 billion capitalA aviation valuation)
AAX book now with 20 billion goodwill as non current asset is out of PN17 also.

This is how a bollywood dance style in cleaning the Balance Sheet.

Posted by BobAxelrod33 > 2023-04-04 11:13 |

Post removed.Why?

Posted by The_JQuestion > 2023-04-04 11:14 | Report Abuse

I agree with sslee, that is letting AAX out from Pn17 first... now that it is out , AAX will help cap A to get out of PN17 .... bursa will fully support we already have many banrkrupt ridden companies and airasia is definitely not one of it
WIN-WIN for ALL !! STONY is the master King legend !!!

Posted by Sslee > 2023-04-04 11:15 | Report Abuse

And please do not take my words literally. I just try to be sarcastic

Posted by Sslee > 2023-04-04 11:18 | Report Abuse

As at 31/12/2022
AAX net liabilities RM (599,891,000) of which net current liabilities RM (657,316,000)

As at 31/12/2022
CapitalA net liabilities is RM (9,427,491,000) of which net current liabilities is RM (9,067,503,000)

Posted by BobAxelrod33 > 2023-04-04 11:21 | Report Abuse

AAX debts a child's play....tiny amount and easily settled.

What about the white knight, Stanley from HK?

Posted by BobAxelrod33 > 2023-04-04 11:23 | Report Abuse

Putting AAX back into CapitalA would assist in some form or way to reduce their Debts too. But the working mechanism may take a long time given the amount outstanding.

Posted by BobAxelrod33 > 2023-04-04 11:25 | Report Abuse

Business as a cheap fare airline may not the same as from a decade ago, with more competitors already in the foray.......

Posted by Sslee > 2023-04-04 11:28 | Report Abuse

The problems is with CapitalA.
Can CapitalA fulfill the obligation of payables/sales in advance/lease and maintenance payment/borrowing and etc that due in 12 months time. Net current liabilities of RM (9,067,503,000)?

Posted by BobAxelrod33 > 2023-04-04 11:30 | Report Abuse

AAX to pledge future earnings to repaying CapitalA Debts too......

Posted by BobAxelrod33 > 2023-04-04 11:33 | Report Abuse

What with the 99% haircut still not able meh???

Posted by Sslee > 2023-04-04 11:37 | Report Abuse

AAX already done the painful debts restructure, capital reduction and 10 to 1 share consolidation.

For reasons only knew to Stony CapitalA did not do the necessary debts restructure, capital reduction or share consolidation.

Stony current plan according to CapitalA briefing gave to IBs analyst:

The key takeaways from the analysts briefing yesterday are as follows:

1. The group plans to announce the details of its PN17 regularisation plan by mid-April 2023 with completion expected by end-3Q 2023. We gathered that the group plans to divest its aviation group to AirAsia X in exchange of shares for subsequent distribution to its shareholders

Posted by nicholas99 > 2023-04-04 11:39 | Report Abuse

AAX pay capital A seems like brother help brother pay debt. seems fair.

Posted by BobAxelrod33 > 2023-04-04 11:42 |

Post removed.Why?

Posted by nicholas99 > 2023-04-04 11:42 | Report Abuse

perhaps creditors already know.. aax will help capital A pay debt. thats why aax let off the hook easily.

Posted by Sslee > 2023-04-04 11:42 | Report Abuse

Part of AAX debts restructure:
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.

Posted by nicholas99 > 2023-04-04 11:43 | Report Abuse

so that aax can continue fly to bring in income and help pay off the debt.

Posted by nicholas99 > 2023-04-04 11:43 | Report Abuse

if you ask me. insider already know how much aax should be worth..

Posted by BobAxelrod33 > 2023-04-04 11:45 | Report Abuse

Revenue is not above 300 million per annum for AAX? And this is part repayment for AAX and nothing to do with CapitalA.

The pledge to assist and help repay CapitalA may be in many forms too.....hahaha....advertisement...wink wink..

Posted by northside > 2023-04-04 12:25 | Report Abuse

Turn around play

Posted by sonyx123 > 2023-04-04 15:37 | Report Abuse

lousy counter con people

Posted by JovaneChua > 2023-04-04 15:45 | Report Abuse

salutica Berhad (0183), might find some opportunities here.

Posted by joyvest > 2023-04-04 23:31 | Report Abuse

Flying up or plummeting for landing?

Posted by Patient Investor > 2023-04-04 23:42 | Report Abuse

Can minority shareholders stop them from injection?

Posted by joyvest > 2023-04-05 00:13 | Report Abuse

I doubt it

Posted by KingKKK > 2023-04-05 09:23 | Report Abuse

Travel demand is back not just from China, but Australia too.

AirAsia X resumes first-ever KL route to Gold Coast, Australia after two-year hiatus, news from MalayMail as below.

https://www.malaymail.com/news/malaysia/2023/04/02/airasia-x-resumes-first-ever-kl-route-to-gold-coast-australia-after-two-year-hiatus/62771

My target of RM3.36 using 3x PE is intact assuming AAX can maintain their core EPS at least 28 sen registered in 4Q2022.

Posted by Sslee > 2023-04-05 09:40 | Report Abuse

EPS at least 28 sen registered in 4Q2022 is not sustainable for the simple reason that AAX need capital injection and etc by issuing AAX share.

The NOSH of 415 million will end up as many billion in NOSH

Posted by KingKKK > 2023-04-05 10:39 | Report Abuse

Why is there a need for a capital injection when they already have RM182 million in cash and only RM50 million in immediate liabilities to be paid within a year? Moreover, the company can also generate its own cash flow, so there is no need to issue more shares to obtain additional funds from shareholders.

Posted by Sslee > 2023-04-05 10:59 | Report Abuse

AAX account
As at 31/12/2022
RM'000
CURRENT ASSETS
Trade and other receivables:122,160
Amount due from an associate : 29
Amounts due from related parties: 150,097
Tax recoverable: 1,656
Deposits, cash and bank balances:181,897
Total: 455,839

CURRENT LIABILITIES
Sales in advance :727,263
Trade and other payables: 327,465
Amount due to an associate: 1,365
Amount due to related parties: 7,151
Borrowings: 49,911
Total: 1,113,155
Net Current Liabilities (657,316)

Posted by JovaneChua > 2023-04-05 11:08 | Report Abuse

Cypark (5184)

Posted by EatCoconutCanWin > 2023-04-05 11:31 | Report Abuse

Buy. Tourist flow in Malaysia

Posted by EatCoconutCanWin > 2023-04-05 12:08 | Report Abuse

Try luck bro

Posted by Good123 > 2023-04-05 21:49 | Report Abuse

A new player

(Aviation) MYAirline Sdn Bhd, Malaysia’s newest low-cost airline, aims to be listed on Bursa Malaysia Securities Bhd in the next three years, said its chief executive officer Rayner Teo. - Bernama

Posted by toh2003 > 2023-04-06 11:40 | Report Abuse

so many roadblock ahead..

Posted by nicholas99 > 2023-04-06 11:42 | Report Abuse

boss wants to set price already?

Posted by mikewazowski > 2023-04-06 15:08 | Report Abuse

break out soon. Tony dont let it die!

Posted by tommypandaz > 2023-04-06 15:10 | Report Abuse

MYAirline had join the game, AAX lowering their flight tickets now

Posted by toh2003 > 2023-04-06 15:17 | Report Abuse

@tommypandaz LOL they just "aimed" to listed on bursa on next three years. Long way to go~

Posted by sh0cklife > 2023-04-06 16:24 | Report Abuse

long way to go indeed, believe in tony !

Posted by joyvest > 2023-04-06 17:06 | Report Abuse

Seated tight in AXX flight and set to fly to the Moon..... here we go .....

Posted by joyvest > 2023-04-06 17:07 | Report Abuse

Anyone, When is the deadline for submission of regularisation plan ?

Posted by The_JQuestion > 2023-04-06 22:37 | Report Abuse

23 April?? they can postpone it but i dont think they will ... it is easy to get out now then later
U see these sifus suddenly appear u , u should think what is going on ...
Im gonna move some of my capt A shares here .... its looking good might not go down 1.40 anymore just as 1.30 the week before

Posted by joyvest > 2023-04-06 23:33 | Report Abuse

It sounds promising but the possibility of extension could not be ruled out ,which could end up as a false alarm....

Posted by tonygofly > 2023-04-07 11:52 | Report Abuse

tony bringing me fly again ......

Posted by sonyx123 > 2023-04-07 15:08 | Report Abuse

sold. lousy one

Posted by joyvest > 2023-04-07 22:09 | Report Abuse

Why lousy?

Posted by KingKKK > 2023-04-08 06:45 | Report Abuse

AirAsia X (AAX) continues to expand its China network with two weekly flights to Beijing restarting last week after almost a three-year pause.

...

Flights will ramp up from twice weekly on Thursday and Saturday to four weekly flights starting 1 June 2023 to meet growing forecast demand, further boosting travel and tourism in the region.

“More expansion in China is on the horizon for AAX as we plan to relaunch more routes and introduce more unique, less travelled destinations in China in the near future,” he concluded.

Source:
https://www.retailnews.asia/airasia-x-expands-china-network/

Keep this AAX as the trend of China reopening is real, I did not see any lockdown news only see more flights going to/from China !

My target of RM3.36 using 3x PE is intact assuming AAX can maintain their core EPS at least 28 sen registered in 4Q2022.

Posted by joyvest > 2023-04-08 11:56 | Report Abuse

yer, provided that they can maintain EPS of 28 cents or more every quarter consistently , there is no reason why they can not reach RM 3.36 or more on the basis of PE of 3.

Posted by anisayob > 2023-04-10 06:41 | Report Abuse

30 May quarter report...
Sell in May & go away...