I am bullish too on AAX. Price action is still positive with good momentum going UP. AAX is one of the stocks I covered in my 5 chart in 5 minutes. Do watch and hope you find it useful. Have a high flying trade next week. https://youtu.be/hOmRGN_sGLQ
Maybank IB Re-initiates Coverage on AirAsia X, Forecasts Record FY2023 and FY2024 Core Net Profits
KUALA LUMPUR (July 27): Maybank Investment Bank (Maybank IB) Research has re-initiated coverage on AirAsia X Bhd (AAX) with a “buy” rating at RM1.80 and target price (TP) of RM3.58 and said post-Covid-19, fares are a lot higher and aircraft lease rates are sharply lower relative to pre-pandemic.
Source: Maybank IB In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.
He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.
“Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.
“With nearly 100% upside, we re-initiate coverage on AAX with a 'buy' call. Catalysts are: (i) lifting of Practice Note 17 classification; (ii) more upside from 49%-owned Thai AirAsia X; and (iii) more upside from acquisition of Capital A Bhd’s short-haul airlines,” he said.
AAX will issue billions of AAX share to shareholders of CapA, likely above 5,000,000,000 AAX shares to be issued. CapA losses is RM12 Billion and increasing daily. Timetable is unknown coz somebody is waiting for CapA to die, too late for rescue; so that no need to issue AAX shares at all.
Even if it will be 80c is still much higher than shitt Kon Licker's prediction that AAX would be bankrupt soon when the share price was 50c. What a stupittt Licker!
AAX already insolvent thats why PN17 not lifted by BURSA immediately after fail Solvency Test. AAX insolvent means bankrupt already. AAX just need CapA to push it over cliff with little finger and its Sayonara.
why die? so everyone can fly premium or u wan fly alone T20 way LOL... or u wish ppl buy european car then no more congestion. Really smart, croni mmg best!
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....
DoubleO
78 posts
Posted by DoubleO > 2023-09-08 10:52 | Report Abuse
Something happening , prepare!