Another positive news on AirAsia X on its expansion plan. It is now profit driven as compared to market share focused last time. This means higher possibility for higher EPS!
1. AirAsia X is executing its growth plans cautiously with calculated moves.
2. The airline will focus on traditional routes and regional destinations before expanding to longer routes like the United States.
3. AirAsia X will introduce Istanbul as a new destination, targeting middle-income travelers who prefer low-cost carriers.
4. The recent reopening of China presents a huge opportunity for AirAsia X, and the airline has already started flying to Hangzhou, Shanghai, and Beijing with plans to fly to Chengdu in the future.
5. AirAsia X currently has 14 Airbus A330 aircraft, with nine operational and the rest waiting for approval to fly after maintenance.
U guys should check out fsbm regulation plan... Rights issue with warrant & tons of other stuff... Wonder if AAX regulation plan will be like that also...
AAX has submitted an application to Bursa Securities for a further extension of time of three (3) months from 29 April 2023 until 28 July 2023 for the Company to submit its regularisation plan to Bursa Securities.
It is believed that AXX has already got the regularisation plan in place.Just that they wanna to wait for the upcoming QR to justify their move without the need for the merger. It is waiting time now....
You go ahead with the flight but not for me yet......
It is weird that they need 2nd extension. It is now turn to very risky play. We don't know behind the scenes what happen and why suddenly they unable to provide regulation plan as per told and shared many times by Tony himself. I agree with you joyvest. This 2nd extension request put the investor in a very risky ground.
The upcoming QR is expected to be extraordinary which can justify their move without thd need for thd merger.
From the way it goes,ie their application for extension for the 2nd time, the company is not favourable to thd merger which is expected of by many investors
I think Bursa will extend because the aviation industry is improving. Somemore tourism is an important industry to Malaysia with huge economy multiplier.
AAX and Capital A employs a lot of people in Malaysia, u see MOT also friendly to AirAsia one.
How much will AAX pay Capital A for the airline assets upon the restructuring in 2023? Let's say between RM2bil(min) to RM3bil(max), 30%-50% discount from IBs valuation. In view of their current PN17 status, bank borrowing will be difficult. Likely private placement & rights issue will be the way to go. Let's take the lowest valuation in view of goodwill between existing shareholders, an issuance of new 1.55bil shares at RM1.30. Is it worth it for both Capital A and AAX shareholders?
From the reaction of AAX lately, they are not in favour of merger with CA . They prefer to keep them separately with their own uniqueness . They serve different segment of markets and should be perceived to be differential.
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speakup
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Posted by speakup > 2023-04-10 07:41 | Report Abuse
between aax & capitala, think capitala is safer