Posted by ks5S > 2023-08-08 10:35 | Report Abuse

aax celebrate merdeka day first

Posted by ks5S > 2023-08-08 10:39 | Report Abuse

merdeka day is on 31.8
so aax share price is 3.18 on that day.

Posted by ks5S > 2023-08-08 10:39 | Report Abuse

buy now

Posted by sumasuma > 2023-08-08 10:50 | Report Abuse

Heard today Capital A got big news... afternoon

Posted by sumasuma > 2023-08-08 10:50 | Report Abuse

Announcement

Posted by Sslee > 2023-08-08 11:02 | Report Abuse

AAX is not an independent low cost/budget long haul airline. It depend on CapitalA for services(ticket sale, promotion, ground crew services, planes maintenance and etc)

So it is up to CapitalA whether AAX is profitable or not.

Before covid AAX did not make money because AAX too dependent on AA/CapitalA (for planes and services) or relate party transactions.

So whether AAX make money or not will still depend on how much CapitalA want to charge AAX for service provide. In short capitalA can just do profit transfer from associate/JV/relate party to CapitalA by overchanging the relate party transactions

Posted by Ravi Kumar > 2023-08-08 11:06 | Report Abuse

you are entitled to your views which is not 100% accurate.

Posted by FirstPrinciple > 2023-08-08 11:17 | Report Abuse

Wow

Posted by joyvest > 2023-08-08 11:18 | Report Abuse

Though Cap A and AAX are not connected, they are viewed as " conjoined twin" by SC. The debts of Cap A arose as a result of AAX .In the view of SC, Upliftment of both or nothing ie SC will not uplift one but both together. Hence , Cap A is totally relevant.

Posted by StartOfTheBull > 2023-08-08 11:18 | Report Abuse

The "entitled views" started from 5c before consolidation (10 into one). 😁

Posted by joyvest > 2023-08-08 11:20 | Report Abuse

Irrespective of the upcoming explosive earnings of AXX, SC will not uplift AAX alone. As said, both ( AAX and Cap A ) must be uplifted TOGETHER or NONE. The keyword is " together ".

Posted by joyvest > 2023-08-08 11:22 | Report Abuse

Irrespective of the upcoming explosive earnings of AXX, SC will not uplift AAX alone. As said, both ( AAX and Cap A ) must be uplifted TOGETHER or NONE. The keyword is " together ". Until then, both share prices are expected to be stagnant if not depressed.....

Posted by joyvest > 2023-08-08 11:25 | Report Abuse

Some of you still believe that upliftment of AAX will be done alone since it is out of PN 17 requirement NOW . Sorry to say, it wont be uplifted for the reason mentioned above.

Posted by ks5S > 2023-08-08 11:29 | Report Abuse

don't behave like expert lah the edge and the star that have true expert already said will release soon from pn17

Posted by harvest6138 > 2023-08-08 11:45 | Report Abuse

Bursa has no reason to reject the application if AAX comply to all the terms and condition , I believe another positive QR will help them to make the decision easier , hence, not sure if they want to wait for this coming QR then only finalize the upliftment ...

Posted by Sslee > 2023-08-08 11:50 | Report Abuse

The unlifted of AAX from PN17 is not tie to CapitalA but on AAX major associate and JV (TAAX and IAAX) IAAX dormant but still has unpaid Indonesia tax and TAAX still under PN17 negative equity.

(f) a default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

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

Posted by ericwwt > 2023-08-08 12:11 | Report Abuse

There is no legal and no logical reason to tie AAX and Cap A together. Even if there is any, then it's entirely up to AAX to save Cap A.

Posted by 7chewe > 2023-08-08 12:17 | Report Abuse

Maybank IB Research said efforts to uplift its PN17 classification are ongoing and more importantly, have not received any negative feedback.

It said that AAX qualifies to have its PN17 classification lifted as its shareholders’ equity is already more than RM40mil and it has generated three consecutive quarters of profits. AAX hopes to receive a reply by month end on the matter.


https://www.thestar.com.my/business/business-news/2023/08/08/airasia-x-earnings-expected-to-improve

Tuesday, 08 Aug 2023

Posted by joyvest > 2023-08-08 12:19 | Report Abuse

Nope, the reason for which Cap A is heavily indebted is due to AXX . Hence , AXX has the moral obligation to salvage Cap A. Legally AAX and CAP are not tied together but operationally they are tied together.

For the above reason , both ( AAX and Cap A ) must be uplifted TOGETHER or NONE in the view of SC . The keyword is " together ". Until then, both share prices are expected to be stagnant if not depressed.....

Posted by ericwwt > 2023-08-08 12:20 | Report Abuse

With due respect, I seriously I can't find any concrete evidence that AAX and Cap A are legally tied together. It just doesn't make any sense at all.

Posted by joyvest > 2023-08-08 12:21 | Report Abuse

Maybank is self -comforting itself by saying that the upliftment is ongoing, which is basically self-deceiving.

Posted by joyvest > 2023-08-08 12:22 | Report Abuse

The reason for which Cap A is heavily indebted is due to AXX . Hence , AXX has the moral obligation to salvage Cap A.

Legally , AAX and CAP are not tied together but operationally they are tied together. The keyword is operation wise.

Posted by ericwwt > 2023-08-08 12:23 | Report Abuse

Okay. If you say so.

Posted by joyvest > 2023-08-08 12:24 | Report Abuse

To keep it simple , who does the maintenance of AAX fleet ? Answer me this simple question.

Posted by joyvest > 2023-08-08 12:25 | Report Abuse

To put it another way, who causes Cap A to be embroiled with heavy debts??

Posted by AlphaInvestor > 2023-08-08 12:30 | Report Abuse

The fact is:
1. AAX submitted an application to UPLIFT PN17
2. Capital A submitted an application to EXTEND period for RP submission

Their actions already show they are in different time zone in terms of PN17 upliftment.

Posted by ks5S > 2023-08-08 12:34 | Report Abuse

operation tie together is management issue. now corporate wise they are not tie together .

Posted by The_JQuestion > 2023-08-08 12:36 | Report Abuse

yes assumptions are made... SC cannot stop AAX from doing any corporate it wishes
Till now. nobody got the facts right in this forum, seems like u guys cant think like institutions
fact is :
1) AAX submist upliftment form pn 17 2) no need of RP
In both cases, AAX wins ! meaning SC have to grant one eventually , both cases WIN. no need of RP means SC can uplift pn17 when they comfortable which is probably with the coming QR. Hence, they should uplift pn17 at one go. Confident with the QR coming , SC will have to update soon. THey have no right to stop , in fact , SC job is to help AAX and cap A !!

Posted by ks5S > 2023-08-08 12:36 | Report Abuse

corporate are handle by the shareholder like me. understand or not to those experts

Posted by The_JQuestion > 2023-08-08 12:38 | Report Abuse

FUnny to think that shifus think that SC will stop stony... really u think SC job is to be a director? their job is to help aax and approve their means ! not stop here and there ,, which stony is sso good at making good DEALS

Posted by The_JQuestion > 2023-08-08 12:39 | Report Abuse

YEs directors and shareholder make the direction of the company, NOT SC !! sc will approve LAAA ,, just they bring careful however by this QR they will be under a lot of pressure so lets see !

Posted by KingKKK > 2023-08-08 14:25 | Report Abuse

SIA Group reports record QT profit

SINGAPORE, 7 August 2023: The SIA Group posted a net profit of $734 million in the first three months of FY2023/24, the highest quarterly performance in its history, as the airline reports travel demand driving record load factors.

Near-term forward passenger bookings remained robust on the back of solid demand for air travel through the mid-year school holidays and the start of the summer travel season.

https://www.ttrweekly.com/site/2023/08/sia-group-reports-record-qt-profit/

Posted by joyvest > 2023-08-08 14:44 | Report Abuse

1. AAX submitted an application to UPLIFT PN17

- It is also the fact that AAX also submitted Application for time extension if upliftment is not approval . The recent granting of time extension to 28/10/23 is already a demonstration of the intention of SC that SC is not going to approve the application for upliftment

2. Capital A submitted an application to EXTEND period for RP submission

- It is also the fact that Cap A is required to submit the RP on and before 28/10/23 synchronised to be the same date as AAX

-------------------------------------------
AlphaInvestor

The fact is:
1. AAX submitted an application to UPLIFT PN17
2. Capital A submitted an application to EXTEND period for RP submission

Their actions already show they are in different time zone in terms of PN17 upliftment.

Posted by joyvest > 2023-08-08 14:49 | Report Abuse

QR is QR ,
RP is RP
Restructure of company rests with the directors and shareholders via RP
PN 17 is reinforced by SC
Approval of RP rests with SC
Approval of upliftment rests with SC

Posted by joyvest > 2023-08-08 14:52 | Report Abuse

Both AAX and Cap A are inter-related
Both ( AAX and Cap A ) must submit RP
Both must be uplifted TOGETHER or NONE in the view of SC . There is no such thing as one is uplifted while the other one is not

The keyword is " together ". Until then, both share prices are expected to be stagnant if not depressed.....

Posted by joyvest > 2023-08-08 14:54 | Report Abuse

Basically SC is helping both companies ie both to be uplifted together or none....It is up to stony.....

Posted by moneycashrich > 2023-08-08 14:56 | Report Abuse

all claim to be experts but give no guarantee at all. If so bad no need to buy, everybody happy ?

Posted by joyvest > 2023-08-08 15:05 | Report Abuse

These buggers keep saying AAX and Cap A are different of and independent to each other. Yes, they are legally separate entities but "transaction wise" , they are not . They are inter-related companies. Thats why they are inseparable in the view of SC. Upliftment of both or none .

Posted by ks5S > 2023-08-08 15:19 | Report Abuse

SC don't care dependents or independent lah. they only care whether you meet the requirements of coming out from pn17

Posted by ks5S > 2023-08-08 15:21 | Report Abuse

u don't complicated things lah unless u join SC as director there.

Posted by teknikal > 2023-08-08 15:25 | Report Abuse

I track the share price, a few times joyvest talk negative about PN17 upliftment then share price down 1-2%. But 1-2 days later good news come out. Then share price surged a lot.

1 classic example is 1 day before Maybank issue super positive report, joyvest also talk the same thing. Next day Limit Up.

Posted by Canlah > 2023-08-08 16:02 | Report Abuse

haiya

Posted by Canlah > 2023-08-08 16:02 | Report Abuse

all you guys dreaming lah, AAX aslo no confident uplift granted. No wonder they apply for EXTENSION. If the uplift not granted the price will drop like hell, gap down like hell want cut lost also very hard. Better enter after news came out.. hahaha scary

Posted by Canlah > 2023-08-08 16:02 | Report Abuse

all you guys dreaming lah, AAX aslo no confident uplift granted. No wonder they apply for EXTENSION. If the uplift not granted the price will drop like hell, gap down like hell want cut lost also very hard. Better enter after news came out.. hahaha scary

Posted by Canlah > 2023-08-08 16:03 | Report Abuse

all you guys dreaming lah, AAX aslo no confident uplift granted. No wonder they apply for EXTENSION. If the uplift not granted the price will drop like hell, gap down like hell want cut lost also very hard. Better enter after news came out.. hahaha scary

Posted by Canlah > 2023-08-08 16:03 | Report Abuse

all you guys dreaming lah, AAX aslo no confident uplift granted. No wonder they apply for EXTENSION. If the uplift not granted the price will drop like hell, gap down like hell want cut lost also very hard. Better enter after news came out.. hahaha scary

Posted by Canlah > 2023-08-08 16:03 | Report Abuse

all you guys dreaming lah, AAX aslo no confident uplift granted. No wonder they apply for EXTENSION. If the uplift not granted the price will drop like hell, gap down like hell want cut lost also very hard. Better enter after news came out.. hahaha scary

Posted by joyvest > 2023-08-08 16:13 | Report Abuse

The recent granting of time extension to 28/10/23 to AAX is already a demonstration of the intention of SC that SC is not going to approve the application for upliftment of AAX

Posted by investorbat > 2023-08-08 16:21 | Report Abuse

guess will be very interesting after market close

Posted by moneycashrich > 2023-08-08 16:37 | Report Abuse

after all these doomsday opinions, all buyers run away already ?