Posted by GoldenBull66 > 2023-08-05 11:11 | Report Abuse

Dead cat bounce?? From 1.80-2.53 then down to 2.32 is called dead cat bounce? This cat must be very lively and bouncy, ready to bounce to rm3 soon. To compare Their biz before covid and now is another nonsense. Before covid the share price around rm1+, not making profit. During COVID it fall below rm1. Then share consolidation 10 to 1. Meaning current price 2.32 is only 0.23sen. talking about the biz model. Which airlines in better shape than AAX now? Almost Zero gearing, that would mean no high interest financing. And now they only focus on more profitable routes, with lower leasing rate and higher ticket price. What more, people no longer interested to fly short. People want to travel far. Even if market slow down, people will still travel. And they will choose the cheaper airlines. Last QR 70sen EPs clearly shows how profitable is the business now. And this coming QR, supposed to be their slowest QR, is surging too. It might be more than the 70 Sen eps achieved by last QR. It might and it might not be though. The only thing that would cause the share price collapsed is the QR result. PN17 is totally out of question..unless the next QR they reported loss. And NTA back to negative. But which airlines is making losses now? So the odds is almost zero. Again, no high financing interest to pay would be the key to a profitable biz.

Posted by JrWarren > 2023-08-05 11:46 | Report Abuse

AAX is making money for sure, but beware of other opex.

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

Profit for the financial quarter end 31/3/2023: RM 327,998,000 boosted by reversal of provisions on debts and investments amounting to
RM265.9 million.

Without the reversal the NP is RM (327.9-265.9) = RM 62 million.

So the statement last QR 70sen EPs clearly shows how profitable is the business now is only half truth.

Posted by The_JQuestion > 2023-08-05 12:34 | Report Abuse

Q1 REVENUE 548,842
FUEL (226,849) @ 110
192100 @ 85 lead to increase of Profit of 33.9 mil
Q2 818,422 seats flown. Based on this, I deduce the below :
REVENUE 800,000
FUEL (328,000) @ 110
278,800 @ 85 reporting extra Profit of 50 MIL !!!

Maybank IB forecast record core net profit of RM160.1 million for FY2023. I fully believe it will be more than that in just this quarter . SSlee , get ready to open ur eyes ! I have taught u simple calculation

Posted by Reformasi > 2023-08-05 21:23 | Report Abuse

Limit up soon. Hope for the best

Posted by GoldenBull66 > 2023-08-06 01:03 | Report Abuse

@Sslee good info. Not being reported on news for this. I have checked, indeed is true. No wonder Maybank expected rm160m for full year. Still I expect a good year ahead with strongest QR would be year QR. Really all down to Capital A restructuring.

Posted by The_JQuestion > 2023-08-06 01:47 | Report Abuse

50 mil alone increased in profit from reduced jet fuel price.... i believe this quarter alone can achieve that. AIrlines around the world have their estimates beaten. we shall see, mark my words !! not snake snake lee loser 88 and looker

Posted by David Gunter > 2023-08-06 09:33 | Report Abuse

Ya da ya da ya da so many experts who couldn't tell us when it was 80 Sen wakakakaa

Posted by i3lurker > 2023-08-06 10:07 | Report Abuse

This entire forum
is populated by FAKE NEWS from 13,000 member scam syndicate based in Cambodia

zero borrowings, zero gearing
actually borrowings = 1,100,000,000
and Capital = 40,000,000
Borrowings exceed capital by 27.5 times

Profitable to the moon
actually making losses at 79% load factor, most inefficient airline in whole world, something for Guinness Book of Records

at 80% load factor = RM15 million profits for QR report 1Q23
on a per plane basis is also the most most most most inefficient airline in whole world, something for Guinness Book of Records

as the Police PDRM says "Its not true" when its too good to be true


Sslee

Profit for the financial quarter end 31/3/2023: RM 327,998,000 boosted by reversal of provisions on debts and investments amounting to
RM265.9 million.

Without the reversal the NP is RM (327.9-265.9) = RM 62 million.

So the statement last QR 70sen EPs clearly shows how profitable is the business now is only half truth.

21 hours ago

Posted by AlphaInvestor > 2023-08-06 16:28 | Report Abuse

The 1st quarter RM62 million core net profit is already known to institutional and foreigners since 2 months +. It is already stated in the slides at their website. So all these already priced in.

https://www.airasiax.com/misc/qr/presentation_slide_1Q2023.pdf

So if you calculate Core EPS for Q1 is 14 sen.
No of shares 447 million.
62 / 447 = RM0.139

The most important question is:

WILL THE Q2 Core EPS more than 14 sen? If YES, then share price up...

I believe YES since passengers carried up 24% against Q1 and number of fleet operating now 17. In Q1 it was 14.

Posted by i3lurker > 2023-08-06 17:13 | Report Abuse

answer is a very strong maybe
maybe EPS increase
or
maybe EPS decrease

The general trend for ALL businesses is that => EPS drops.
from my experience, load factor normally drops when units increases.

=> All Professors of Business calls such weird thingy as business complexity

whereas you are purely assuming that since units increased to 17, load factor auto increase.
There is no such thingy as auto increase in this world.
If salary auto increase every year even road side sweeper will be getting tens of thousands salary per month.

Posted by Ravi Kumar > 2023-08-07 08:28 | Report Abuse

So many theories so many stories. Me like very much starting the day. Wonderful. From how badly AAX is doing to scammers in Cambodia etc . You name it we have it all in this i3 forum

Posted by mf > 2023-08-07 08:35 | Report Abuse

Dow Jones

Dow Jones Industrial Average

35,065.62

-150.27

0.42%

Nasdaq

NASDAQ Composite

13,909.23

-50.47

0.36%

Posted by AlphaInvestor > 2023-08-07 08:36 | Report Abuse

DBS Elevates CATHAY PAC AIR (00293.HK) TP to $12, Rates Buy

http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1282027/latest-news/HK6

DBS wrote in a research report that CATHAY PAC AIR (00293.HK) has been able to effectively acquire a large customer base and has built a strong reputation in the business travel market.

The broker expected the resilience of passenger load factors and yields to lead to satisfactory earnings over the next two years, and will continue to surprise the market in the near term.

The broker also predicted that tight international capacity supply and strong demand for high-end leisure travel will continue to support high levels of passenger yields and seat capacity for some time.

Posted by KingKKK > 2023-08-07 08:46 | Report Abuse

Japan Airlines Group Reports First Net Profit In Four Years

Japan Airlines Group (JAL Group) reported positive earnings before interest and tax (EBIT) and net profit in the first quarter of FY23Q1.

The group's operating profit was 31.3 billion yen ($219 million), with a net profit of 23 billion yen ($161 million), and revenue increased by 42% compared to last year's first quarter.

JAL Group's domestic traffic has returned to 100% of pre-pandemic levels, and its low-cost carrier ZIPAIR experienced significant growth in passenger numbers and revenue.

https://simpleflying.com/japan-airlines-group-first-net-profit-four-years/

Posted by Ravi Kumar > 2023-08-07 10:08 | Report Abuse

LOL

DOW FUT*
35,241.00
+88.00
+0.25%
LAST | 9:57:09 PM EDT
S&P FUT*
4,514.25
+16.25
+0.36%
LAST | 9:57:11 PM EDT
NAS FUT*
15,436.75
+82.75
+0.54%
LAST | 9:57:12 PM EDT

Posted by The_JQuestion > 2023-08-07 10:13 | Report Abuse

i3 licker sot2 lee nvr read maybank's outlook... dont worry, once QR out all Investmnet banks will call BUY for AAX... When it is so profitable, they will give higher TP. RM 4.5- 5.0 , not like loser rr88 !! they have been wronged and will be wrong again
Countdown > 22 days !

Posted by joyvest > 2023-08-07 14:48 | Report Abuse

It seems that it is flying to the opposite of Moon?

Posted by joyvest > 2023-08-07 14:51 | Report Abuse

Forget about the upcoming explosive earnings. Thats not the Key point. The key point is the need for both AAX and Cap A to submit the RPs in time. This is the only way to stop them bleeding.....

Posted by rr88 > 2023-08-07 14:58 | Report Abuse

He he ..he he...2.27 only ka
Still here ka?
Cut loss lar 2.27 - 2.25.
It will close today as BEARISH ENGULFING setup n will trend lower n lower.

Cut loss n stay away.

Posted by joyvest > 2023-08-07 15:03 | Report Abuse

AAX has announced that their application for relief and upliftment is still under consideration by BURSA. The longer BURSA takes to consider , the nearer the deadline to submit ( deadline is 28/10/23). BURSA can take its own sweet time but AAX can not .......

BURSA has granted the time extension for AAX and Cap A to submit the RPs together ( so to speak ) on and before 28/10/23.

Posted by joyvest > 2023-08-07 15:13 | Report Abuse

To my observation, the buying is mostly supported by retailers of small volumes.

Posted by i3lurker > 2023-08-07 15:23 |

Post removed.Why?

Posted by PepGuardiola > 2023-08-07 15:41 | Report Abuse

It seems 50-50 tbh, Upward reward balanced with Downside risk
Once announce direction can be both ways.
There's logic as well Bursa extend till 28 October together with Capital A.
What ever it is make decision wisely. Wish all of you good luck

Posted by The_JQuestion > 2023-08-07 15:49 | Report Abuse

See how stony can convince SC.. however, if market is not upbeat. u think loser 88 and looker licker still here ? together with their robot leee WAKKAAK together make good team

Posted by investorbat > 2023-08-07 16:11 | Report Abuse

2.26 is the concrete foor,tested few times.If close green today,good chance to move north again.Upliftment could be any day after market close.Capital A is doing surprisingly well above 0.90.This is not a buy call

Posted by joyvest > 2023-08-07 16:27 | Report Abuse

Stony has been trying his luck since last QR but SC is not convinced. It is expected that SC will not be moved but persists to be in need of RP..

Posted by Ravi Kumar > 2023-08-07 16:59 | Report Abuse

Bearish engulfing???? LOL LOL you don't even know basic maths

Posted by rr88 > 2 hours ago | Report Abuse

He he ..he he...2.27 only ka
Still here ka?
Cut loss lar 2.27 - 2.25.
It will close today as BEARISH ENGULFING setup n will trend lower n lower.

Cut loss n stay away.

Posted by ericwwt > 2023-08-07 17:13 | Report Abuse

Logically, there is not a need for PN 17 regularisation plan because there is nothing to regularise since none of the PN 17 issues is triggered.

Posted by ericwwt > 2023-08-07 17:14 | Report Abuse

When PN 17 is lifted, 99% chances that it will shoot up above RM 3 because institutional buyers are allowed to buy. Plus the upcoming good quarterly result.

Posted by imm0rtan > 2023-08-07 17:15 | Report Abuse

conclusion, just collect until pn17 is lifted

Posted by Ravi Kumar > 2023-08-07 18:23 | Report Abuse

rr88 we have been waiting for your BS stories. If you don't know the basic candle sticks please get a better crystal ball

Posted by The_JQuestion > 2023-08-07 22:33 | Report Abuse

How do u guys know SC will not release AAX pn17 status? anything is possible, and with the QR coming up . SC can see that the finacial condition of the co is solid, they have no reason to stop AAX from being released and undergo any corporate placement as it wish

Posted by RotiBakartelur > 2023-08-08 00:24 | Report Abuse

Enjoying my roti bakar while waiting for AAX leaving pn17

Posted by ks5S > 2023-08-08 08:44 | Report Abuse

the star today wrote something on aax very positive and will rocket up today

Posted by ks5S > 2023-08-08 08:50 | Report Abuse

the star reported that aax pn17 will be lifted by end of
this month.

Posted by ks5S > 2023-08-08 08:54 | Report Abuse

the star said the restructuring with capital a is not included as submission to lift the pn17 .

Posted by ks5S > 2023-08-08 08:54 | Report Abuse

it will be negotiate separately and aax consider automatic lifted out from pn17

Posted by ks5S > 2023-08-08 08:55 | Report Abuse

yahoo. Hip Hip hooray

Posted by ks5S > 2023-08-08 09:00 | Report Abuse

If AAX recognised 49% of TAAX’s 1Q23 core net profit, its 1Q23 core net profit would have surged by 74%.

Posted by joyvest > 2023-08-08 09:14 | Report Abuse

Forget about the upcoming explosive earnings. Thats not the Key point.

The key point is the requirement of SC for both AAX and Cap A to submit the RPs TOGETHER in time . This is the only way to stop them bleeding. No doubt AAX is out of the PN17 Requirement but Cap A is not. SC considers them as " Conjoined twins ".AAX and Cap A are not mutually exclusive .

Posted by ks5S > 2023-08-08 09:15 | Report Abuse

cap a settle their own problems loh. now aax out first

Posted by David Gunter > 2023-08-08 09:15 | Report Abuse

rr88 mana pergi? Followed ex PM so. In law and hilang? Bearish engulfing my foot

Posted by David Gunter > 2023-08-08 09:16 | Report Abuse

Looks like PN17 upliftment

Posted by Sslee > 2023-08-08 09:21 | Report Abuse

If your company owned 49% of capitalA then in your company balance sheet the non current asset investment in associate company/JV value is zero. (It shoould be negative if you use equity accounting)

Only untill capitalA out of PN17 then only you can account for CapitalA share of profit.

TAAX recorded a net profit of RM63.96 million in the current quarter. As at 31 March 2023, the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM453.4 million. In accordance to MFRS 128, any profits will only be recognised when its shares of the profits equals the share of losses previously not recognised.

IAAX has been dormant since FY2020. The Group has discontinued the recognition of its share of losses incurred by IAAX as the Group's interests had been reduced to zero. As at 31 March 2023, the unrecognised amount of the Group's share of loss of IAAX which have not been equity accounted for amounted to RM304.7 million

Posted by ericwwt > 2023-08-08 09:42 | Report Abuse

Cap A and AAX are not connected. As long as AAX is lifted from PN 17 then AAX will fly. Cap A is irrelevant.

Posted by Ravi Kumar > 2023-08-08 09:42 | Report Abuse

rr88 looks like the today candle is bullish engulfing according to your punctured crystal ball wakakakaka

Posted by Ravi Kumar > 2023-08-08 09:43 | Report Abuse

I agree with you totally, Some so called experts can't even see it is 2 listed entities wakakakakakaka





Posted by ericwwt > 1 second ago | Report Abuse

Cap A and AAX are not connected. As long as AAX is lifted from PN 17 then AAX will fly. Cap A is irrelevant.

Posted by Ravi Kumar > 2023-08-08 09:54 | Report Abuse

rr88 plz appear when AAX goes below 2.29 yah don't disappoint because chickens do that

Posted by ks5S > 2023-08-08 10:34 | Report Abuse

aax will be merdeka before the merdeka on 31/8