Posted by paulthesotong > 2023-10-25 15:22 | Report Abuse

AAX M total A330 Fleet q end is 17 n AAX T is 8.

Posted by Income > 2023-10-25 15:31 | Report Abuse

After we hit stony useless shirtless stunt, stony asked his big pocket fund managers to buy AA massively in order to jack up AA prices. I3 lurker has made Stony furious with his tits and Nipples full coverage and adventures in i3 worldwide??? Haha thanks to i3 lurker for his provocative statement here???

Posted by Income > 2023-10-25 15:37 | Report Abuse

Yeah you got to hang out with your same wave length friends in i3 … very well said…

https://youtube.com/shorts/Aieb4EjVKNQ?si=jd6ZIHv2qc-gZWvh

Posted by ks5S > 2023-10-25 15:55 | Report Abuse

shutup lah Mr Lurker

Posted by Income > 2023-10-25 15:59 | Report Abuse

Yeah, i3 lurker.
After this cow is milked dry… That’s is it guys. Final nail into the coffin ⚰️??? Courtesy of the shirtless artist ???

Posted by Income > 2023-10-25 16:00 | Report Abuse

Going to break AA all time high?

Posted by paktua73 > 2023-10-25 16:04 |

Post removed.Why?

Posted by Income > 2023-10-25 16:07 | Report Abuse

Well, congratulations, my friend because you have total faith in AA. Now you are getting rewarded by a AA, for being a loyal shareholder in AA.

Posted by paktua73 > 2023-10-25 16:12 |

Post removed.Why?

Posted by Income > 2023-10-25 16:13 | Report Abuse

Okay well I3 Lurker, Where is your nation wide and world wide tits and nipples stories of stony?
Now Stony Has shown His power and influence among his big pocket friends to shore up AA stock prices, so What say you to Stony???

Posted by Income > 2023-10-25 16:19 | Report Abuse

This is for i3 lurker… please check your bobby… haha
https://youtube.com/shorts/t1nLkzK8Uzo?si=CCfnGu0-6hUBjSmq

Posted by Income > 2023-10-25 16:28 | Report Abuse

I3 lurker, you must have your own realisations according to Mahaguru…
https://youtube.com/shorts/z8ouUw0BrDU?si=OxQgNnCk3jgi9wJB

Posted by NatsukoMishima > 2023-10-25 16:29 | Report Abuse

Most danger stocks in bursa now:

AAX
CAPA
HAP SENG
D&O

Posted by The_JQuestion > 2023-10-25 16:35 | Report Abuse

HAHAH i3 looker comparing to serba... he must have bought serba give him trauma till today... poor ol man playing disappointing old stocks

Posted by ks5S > 2023-10-25 16:36 | Report Abuse

Nutsuko

No risk no gain lah.
You so scary, go and buy toto-lah

Posted by Medusa > 2023-10-25 16:40 | Report Abuse

Runnnnnnnnnnnnnnnnnnnnnnnnnnnn

Kikiki…

KUALA LUMPUR (Oct 25): AirAsia X Bhd’s (AAX) bid to lift itself out of Practice Note 17 (PN17) status was rejected by Bursa Securities, as the regulator set out additional requirements for the medium-haul, low-cost airline, according to sources.
Sources said for one, the regulator wants the airline to define what is — or what isn’t — a one-off item following differences of opinion.
“Aside from ticket sales, buying and selling of aircraft, for instance, is a normal income stream for airlines. They are not extraordinary items.

“Likewise, provisions for travel vouchers that are distributed to passengers and travel agents are considered normal business from an airline perspective, such that there will be a write back if they are not redeemed before the expiry date in the next quarter, effectively reversing the provisions that have been made in the prior periods. Travel vouchers are accounted for as ancillary income to the main business of selling tickets,” a source told The Edge.
But Bursa Securities didn’t see it that way. The regulator has requested that AAX’s external auditor Messrs Ernst & Young PLT (EY) provide a certificate to state that there are no one-off items on AAX’s income statements and therefore considered part of ongoing operations, said the sources.
Sources said AAX is crying foul over Bursa Securities’ additional requirement, as there currently isn’t any definition of what items can be one-off or what can be recurring for the airline industry. “There is no accounting definition detailing an airline’s one-off items. Different industries have different one-off items,” said a source.
In the fourth quarter of 2022, AAX made a provision of RM600 million for travel vouchers to passengers and travel agents, which had resulted in a sharp increase in net profit of RM153.48 million for the December 2022 quarter, from RM25.09 million in the September 2022 quarter.
Meanwhile, analysts said Bursa Securities has also imposed an additional requirement on AAX amid increased scrutiny of airlines, following the collapse of low-cost peer MYAirline Sdn Bhd recently. AAX will now have to show four consecutive quarters of net profit to exit the stock exchange’s “PN17 financially distressed” category.
“Under Bursa Malaysia’s guidelines, a company can apply to exit [the] PN17 status, following two consecutive quarters of net profit after completion of its financial regularisation scheme. However, AAX is now required to show four consecutive quarters of net profit due to concerns about the sustainability of its business,” an analyst pointed out.

Posted by Income > 2023-10-25 16:53 | Report Abuse

Yeah you are at 22 nd floor but you don’t really realise it?
https://youtube.com/shorts/AORnSbXYot0?si=AsKlTpeh4JLPYfdv

Posted by joyvest > 2023-10-25 17:03 | Report Abuse

Based on the following additional requirement imposed by SE , how many more QR does AA need to show ? 2 upcoming ones or just one more QR to go??
--------------------------------
AAX is now required to show four consecutive quarters of net profit due to concerns about the sustainability of its business,” an analyst pointed out.

Posted by Income > 2023-10-25 17:04 | Report Abuse

The Fake Rich… how to know who is fake rich???
https://youtu.be/szk76QhjmPw?si=s8UMXU6pS2rif8xz

Posted by paulthesotong > 2023-10-25 17:07 | Report Abuse

"Regulators who look to hurt as opposed to help".....

Posted by Income > 2023-10-25 17:13 | Report Abuse

My friend marries his daughter… haha
https://youtube.com/shorts/4g2CoiN7jYU?si=gRPb35wgI2q51FuU

Posted by $$ BUYSELL $$ > 2023-10-25 17:22 | Report Abuse

Wow meet support again.

Posted by Yezzy99108 > 2023-10-25 17:57 | Report Abuse

All in if up tomorrow

Posted by NatsukoMishima > 2023-10-25 18:19 | Report Abuse

The debt restructuring of AAX was completed in March 2022, which had resulted in a write back of provisions and forgiveness of liabilities in the period, amounting to RM33.6 billion. In July this year, AAX had applied to seek a waiver from Bursa Securities to submit a regularisation plan and a removal from the financially distressed category. However, the airline announced last Thursday (Oct 19) that the regulator had rejected its application.

Posted by NatsukoMishima > 2023-10-25 18:20 | Report Abuse

Stay away right now !

Posted by chinaman > 2023-10-25 19:33 | Report Abuse

add Thai massage service on board its flight

Posted by Sslee > 2023-10-25 20:02 | Report Abuse

In the fourth quarter of 2022, AAX made a write-back in provision of RM600 million for travel vouchers to passengers and travel agents, which had resulted in a sharp increase in net profit of RM153.48 million for the December 2022 quarter, from RM25.09 million in the September 2022 quarter.

So Bursa SC is trying to do the job of Mavcom/Transport Minister telling AAX Bursa SC do not agree with AAX made a write-back in provision of RM600 million for travel vouchers to passengers and travel agents.

KUALA LUMPUR (Nov 12): The Malaysian Aviation Commission (Mavcom) has urged AirAsia X Bhd to reimburse the tickets for customers whose flights were cancelled, in response to the airline’s action of treating its customers as creditors and repay them only 0.5 sen for every ringgit paid.

The Nov 12 statement came soon after all three groups of AAX creditors passed AAX’s restructuring plan, which will see AAX pay just 0.5% of some RM33.65 billion in liabilities, as well as terminate all of the airline’s existing contracts.

AAX’s liabilities categorised as tickets sold to passengers and travel agents amounted to just under RM600 million, according to details of the airline’s restructuring proposal. AAX’s proposal would see only under RM3 million paid back from the initial amount.

In a statement, Mavcom said it will not hesitate to exercise its powers under the Malaysian Aviation Commission Act 2015 (Act 711), if AAX fails to reimburse the affected travel consumers accordingly

Posted by rr88 > 2023-10-25 20:45 | Report Abuse

Suspension and delisting in 2.5 months. They play2 with regulator with 4x extension but has no intention to submit regularisation plan. Regulator will chop off their kok. Stay away.

Posted by Ryugentrades > 2023-10-25 20:54 | Report Abuse

I cut loss at 2.32 before the drop. even now retest above 2.00, airlines not my cut of tea...risk that not suited for me. For all remaining AAX holders, all the best !! Airlines no doubt will earn big money when you time it right, or always be prepared to swing the wrong way. Just refer to American Airlines stock, massive up and down sharp moves, just like roller coaster. Some like it some don't. No right or wrong answer.

I summarise my recent trades and some a look at American Airlines as an example of how AAX could end up moving. Can search Ryugentrades on YouTube or just watch this link https://youtu.be/vJGXcFnB72s

Posted by ks5S > 2023-10-25 21:19 | Report Abuse

bursa insider start buying when u all madly buta buta selling

Posted by ks5S > 2023-10-25 21:20 | Report Abuse

next time dont blindly sell. dont simply listen to sour grape

Posted by icecool > 2023-10-25 22:38 | Report Abuse

tomorrow up again

Posted by rr88 > 2023-10-26 09:21 | Report Abuse

4x ask for extension still you cant read in between the lines? Dumb.

You know what they say. Between a thambi n a snake, you whack the thambi first. Because the thambi can coil around you faster than the snake.

De-listing n LD coming. They want it to happen. They want to go n list somewhere else.

Posted by rr88 > 2023-10-26 09:39 | Report Abuse

No trouble dont go looking for trouble.
The chart is bearish. This is nothing more than a dead cat bounce. It will return to 1.80 n then to below 1.60 n break its 200 day mvg avg. Then slowly die to 0.80.

Stay away!

Posted by paulthesotong > 2023-10-26 10:13 | Report Abuse

Buffett & Warren,,once said in order to made 150000 bucks on airline u first paid 300000 bucks.
sound interesting!

Posted by rr88 > 2023-10-26 10:33 | Report Abuse

So how? Kena dy? Hu hu...
Capitala gostan.
Still you cant compute? Naturally aax will gostan. Cut loss. The earlier you run the better. Below 2.00 in the afternoon.

Posted by paulthesotong > 2023-10-26 10:53 | Report Abuse

seats are full,airports congested,lost baggages,,, yr 23 n 24 should be good.

Posted by paulthesotong > 2023-10-26 12:35 | Report Abuse

dont forget your appreciation to BB for usd150m term loan!

Posted by seamaninvest > 2023-10-26 12:42 | Report Abuse

If it's game over, it will free fall instead of moving up 😅

Posted by The_JQuestion > 2023-10-26 13:56 | Report Abuse

i3 lurker u forgot ur golden MAS??? ur beloved one sided love ,,, hyprocritical :))
guess who is still listed? through the worst times and still thriving :))... afternoon session will show u . still dont accept reality

Posted by Sslee > 2023-10-26 14:18 | Report Abuse

KUALA LUMPUR (Nov 12): The Malaysian Aviation Commission (Mavcom) has urged AirAsia X Bhd to reimburse the tickets for customers whose flights were cancelled, in response to the airline’s action of treating its customers as creditors and repay them only 0.5 sen for every ringgit paid.

The Nov 12 statement came soon after all three groups of AAX creditors passed AAX’s restructuring plan, which will see AAX pay just 0.5% of some RM33.65 billion in liabilities, as well as terminate all of the airline’s existing contracts.

AAX’s liabilities categorised as tickets sold to passengers and travel agents amounted to just under RM600 million, according to details of the airline’s restructuring proposal. AAX’s proposal would see only under RM3 million paid back from the initial amount.

In a statement, Mavcom said it will not hesitate to exercise its powers under the Malaysian Aviation Commission Act 2015 (Act 711), if AAX fails to reimburse the affected travel consumers accordingly

Compare and contrast what MAG and AAX done and capA yet to do.

KLIA, 13 May 2022: Malaysia Aviation Group (MAG) has emerged as the winning entity for ‘Restructuring Deal of the Year’ at the Airline Economics’ The Aviation 100 Deals of the Year Awards 2022 following the successful restructuring exercise, which saw the Group reduce its liabilities of over RM15 billion and eliminating RM10 billion in debt mounted from decades-long issues of its balance sheet.

The ‘Deals of the Year Awards’ highlight the successful aviation finance and leasing transactions undertaken across the globe, with the 2022 edition receiving an excess of 150 nominations; highlighting the record levels of financial support airlines and lessors have received as it undergoes a long and winding recovery journey of the industry.

Having navigated under unfavourable circumstances during the COVID-19 pandemic, MAG took proactive measures to reduce costs, preserve cash, reset its balance sheet, transform the business dynamic to realign with its long-term aspirations and ensure business survivability by embarking on a Group-wide restructuring exercise in 2021.

Through this effort, the Group were able to strengthen its balance sheet by securing over RM15 billion savings in liabilities and equity restructuring through secured savings over the life of key aircraft leasing and maintenance contracts; addressing a large proportion of debt on its capital structure; secured significant liquidity support from creditors through payment deferrals and moratoriums; variabilised fixed-cost structure on aircraft operating leases and a number of maintenance contracts in 2021/22; and other cost saving efforts.

Group Chief Executive Officer of MAG, Captain Izham Ismail, said, “We are honoured to have been recognised as the ‘Restructuring Deal of the Year’. This is truly a testament to the hard work, long hours, sacrifice, and ultimate passion for the organisation and national brand. The restructuring was driven by a group of extraordinary individuals who worked tirelessly to keep this organisation on its feet at a time where many like us struggled to stay afloat, affecting lives and livelihoods. With the restructuring behind us, we can now focus on the next crucial task as we act on our Long-Term Business Plan 2.0 (LTBP 2.0) and target to break even by 2023. We will continue to optimise our operating cost, enhance our customer service delivery, and facilitate safe and seamless travels so we can continue to carry our duties as the flag bearer in connecting people and places.”

With global borders steadily reopening, the Group is seeing a strong uptake in ticket sales and healthy load factors as it steadily recovers from the impacts of the pandemic. The Group is also on the path to realise its LTBP2.0 aspirations of becoming Asia’s Leading Travel and Aviation Services Group to deliver customised, end-to-end solutions for the travel ecosystem for enhanced connectivity, and improved customer experience, that is economically viable for the sustainability of the organisation.

Posted by joyvest > 2023-10-26 15:14 | Report Abuse

WTF is going on ? why suddenly is plunging today?

Posted by kahfui1221 > 2023-10-26 16:29 | Report Abuse

thought it would plummet to Rm1 or below after the regularization plan was rejected ...

Posted by Sslee > 2023-10-26 17:01 |

Post removed.Why?

Posted by Sslee > 2023-10-26 17:19 | Report Abuse

kahfui1221 thought it would plummet to Rm1 or below after the regularization plan was rejected ..

AAX did not submit any PN17 regularization plan but has the audacity to ask Bursa

On 20 July 2023, AmInvestment Bank Berhad had, on behalf of the Company submitted an application to Bursa Securities for the following:-

(i) a relief from having to submit and implement a regularisation plan as required under Paragraph 8.04(3)(a) of the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”); and

(ii)an upliftment of AAX from being classified as an affected listed issuer under Practice Note 17 of the Listing Requirements

This announcement is dated 2 August 2023

Bursa has every right to to reject AAX’s application for the Proposed Relief & PN17 Upliftment and insist AAX to submit PN 17 regularisation plan

On behalf of the Board of Directors of AAX, AmInvestment Bank Berhad wishes to announce that Bursa Securities had, vide its letter dated 18 October 2023, confirmed that it has resolved:

(i) to reject the Company’s application for the Proposed Relief & PN17 Upliftment; and

(ii) to grant the Company an extension of time up to 17 January 2024 to submit its regularisation plan to the regulatory authorities.

This Announcement is dated 19 October 2023.

Posted by Sslee > 2023-10-26 17:40 | Report Abuse

Serbadk Pak Karim think he is too big too fall and go on the offensive against external auditor, Bursa and SC with media warfare. Look what happen to Serbadk now.

Posted by Income > 2023-10-26 19:09 | Report Abuse

i3 lurker Sir and Sslee Sir, why two of you need to endlessly educate the bilis? They don’t believe two of you. So be it.
I only want to dare Stony to do under wear stunts after shirtless stunts. Stony, you dare to do it or not???

Posted by Income > 2023-10-27 00:32 | Report Abuse

https://youtube.com/shorts/oAmZw45HDaI?si=BuX9-VlTprGKYdat
Dig up

Posted by Income > 2023-10-27 00:33 | Report Abuse

https://youtube.com/shorts/DmO1mzqAjas?si=5z5Hq0yDVX3rLObN
Pay for your sins

Posted by Income > 2023-10-27 00:43 | Report Abuse

Maybe is Stony Wifi doing this???
https://youtube.com/shorts/vBftVEWuSFU?si=l2WcgbqwPhDfOzab