Posted by ks5S > 2023-11-21 22:15 | Report Abuse

"good" result to get AAX release from PN17.
SC just wants this result to validate their approval.

High or low is not important for them as long as it positive result.

Next quarter may see huge result as oil price and USD start coming down.

Posted by paulthesotong > 2023-11-21 22:18 | Report Abuse

Dr Banner confirmed green tomorrow.

Posted by The_JQuestion > 2023-11-21 22:29 | Report Abuse

bacteria and virus cause diaorhea... now we know what i3looker like the most :)) pity guy

Posted by paulthesotong > 2023-11-21 22:38 | Report Abuse

Godspeed..TAAX 49 % sub..,3q net profit Rm 752.1 M

Posted by Sslee > 2023-11-21 23:15 | Report Abuse

TAAX recorded a net proft of RM749.17 million in the current quarter. As at 30 September 2023, the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 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.

Know what the above mean on TAAX?
Note: This quarter TAAX profit is from debts restructure gain.

Posted by Sslee > 2023-11-21 23:18 | Report Abuse

With Q3 EPS of 1.2 sen how to justify share price of RM 2.10 ?

Posted by Sarcasm777 > 2023-11-21 23:32 | Report Abuse

Salted fish comes back to life no matter what Sslee (SyiokSendiriLee) and old man @lurker said. Mountain moved!

Posted by StartOfTheBull > 2023-11-22 06:24 | Report Abuse

Wow! Will attendances of the next AGM get a big voucher as door gift?

Posted by joyvest > 2023-11-22 07:34 | Report Abuse

Now everyone can forget about PN17. Stony is breaking free....

Posted by Sslee > 2023-11-22 07:35 | Report Abuse

Will be very interest to read Maybank analyst report on AAX projected core profit for 2023 and 2024

Posted by Sslee > 2023-11-22 07:48 | Report Abuse

The report then after the q2 result
KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) has slashed its earnings estimates by 16 to 29 per cent for AirAsia X Bhd following a dissapointing second quarter ended June 30, 2023 (2Q2023) results showing.

The research unit said the earnings estimates were imputed on the basis of increased passengers in financial year 2023, higher user charges as well as higher aircraft leasing expenses.

AAX swung from 1QCY23 core net profit of RM42.5 million to 2QCY23 core net loss of RM33.8 million as it had to lower fares by 32 per cent quarter-on-quarter (QoQ) to attract passengers during the seasonally slower 2QCY23, and maintenance and overhaul (M&O) expenses surged 82 per cent QoQ to RM115.8 million as more aircraft returned to service.

"Going into 3QCY23 and 4QCY23, AAX stated that passenger demand and fares are trending higher as we expected and M&O expenses will moderate to RM90 million per quarter.

Posted by Sslee > 2023-11-22 07:53 | Report Abuse

And this is what Maybank analyst forcast on July 27.

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.

Posted by pang72 > 2023-11-22 08:20 | Report Abuse

So, AAX limit up after pn17 lifted?

Posted by OnTime > 2023-11-22 08:52 | Report Abuse

it's all priced in aldy

Posted by Eirzam > 2023-11-22 08:59 | Report Abuse

LU confirm 😁

Posted by paulthesotong > 2023-11-22 09:24 | Report Abuse

Statement....

https://newsroom.airasia.com/news/airasia-x-third-quarter-2023-financial-results-and-pn17-upliftment

Posted by ks5S > 2023-11-22 09:24 | Report Abuse

when aax take over cap A planes, then will fly like superman.

Posted by paktua73 > 2023-11-22 09:39 |

Post removed.Why?

Posted by ks5S > 2023-11-22 09:41 | Report Abuse

tony appear in playboy magazine soon. Will hit 3.00

Posted by paulthesotong > 2023-11-22 09:47 | Report Abuse

folks sold their cars to buy plane tickets.
is that real.

Posted by ks5S > 2023-11-22 09:48 | Report Abuse

epf, tabung haji and all local fund can buy aax now after out of pn17
better buy before they enter.

Posted by paulthesotong > 2023-11-22 12:19 | Report Abuse

TP 3.40
https://theedgemalaysia.com/node/690869

Posted by Sslee > 2023-11-22 12:20 | Report Abuse

I3lurker,
Remember to share Maybank analyst report when it is available.
By the way can anyone claim losses from Maybank analyst for his wrong forecast?

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.

Posted by NatsukoMishima > 2023-11-22 13:27 | Report Abuse

Salute how they cook !

Posted by serbatipu > 2023-11-22 14:19 | Report Abuse

nothing to eat in market today. come goreng aax and capital

Posted by purple70 > 2023-11-22 14:33 | Report Abuse

Tidy profit at opening of bell...RM2.33 w cost below RM2!

Posted by purple70 > 2023-11-22 14:36 | Report Abuse

Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang - Samuel analysed it well, all logical business sense! He will be proven right an dAAX will exit PN17 on its own terms ...no need for BURSA terms. It will be done w organic results

Posted by Yezzy99108 > 2023-11-22 15:32 | Report Abuse

today high chasers mostly ended up with bad bruises and burns LOL

Posted by paulthesotong > 2023-11-22 15:55 | Report Abuse

WhoS Kian Onn Lim?

Posted by Vista99 > 2023-11-22 16:39 | Report Abuse

Its quarter result is slowly performing, it will get out from PN17 for sure

Posted by Eddins > 2023-11-22 17:43 | Report Abuse

rm3 soon

Posted by Jassie26 > 2023-11-22 18:13 | Report Abuse

congrats AAX

"The upliftment of AAX from being classified as a PN17 company will come into effect on the next market day after fulfilment of the condition,"

Posted by sankey665 > 2023-11-22 18:21 | Report Abuse

Green green green, no more red red for AAX this few days

Posted by JT1601 > 2023-11-22 20:46 | Report Abuse

Tmr close at RM 2.5?

Posted by joyvest > 2023-11-23 06:52 | Report Abuse

It is expected to spike as more fleets are said to be on the agenda.Stony is over the moon now and planning for massive expansion.

Posted by paulthesotong > 2023-11-23 09:13 | Report Abuse

Oil crash down, avg fares up 80%, interest rate peaked, holiday season travelling boomed. out of jailpn17,,super 4Q!

Posted by StartOfTheBull > 2023-11-23 09:48 | Report Abuse

Back to reality, PE ratio.

Posted by OnTime > 2023-11-23 09:51 | Report Abuse

it's all abt fundamentals

Posted by 7chewe > 2023-11-23 11:27 | Report Abuse

AAX’s PN17 Exit a Precursor to Aviation Group Merger With Capital A?
Source : MAYBANK, Price Call : BUY, Price Target : 3.40
Last Price : 2.16, Upside/Downside : +1.24(57.41%)

Posted by Sslee > 2023-11-23 15:06 | Report Abuse

TAAX recorded a net proft of RM749.17 million in the current quarter. As at 30 September 2023, the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 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.

Did maybank analyst know that TAAX need to acheive another net profit of RM 140.28/0.49 = RM 286.28 million to clear the balance Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 million before any share of TAAX profit?

Note: TAAX 9 months end 30/9/2023
RM '000
operating profit: 57,321
Foreign exchange loss: (181,339)
Other gains: 893,351
Profit before taxation: 769,333

Other gains is a one off debts restructure gain.

Posted by Sslee > 2023-11-23 15:20 | Report Abuse

https://id.tradingview.com/symbols/NYMEX-AKS1%21/

You can monitor above link for SINGAPORE JET KEROSENE (PLATTS) FUTURES

AKS1!NYMEX

Pasar buka
107.395USDD
+0.039
+0.04%

Posted by Sslee > 2023-11-23 15:35 | Report Abuse

Can anyone share what is Maybank IB Research aviation analyst Samuel Yin Shao Yang new forecast on core net profit for FY 2023 and FY 2024 to come out with reaffirmed a "buy" call on AAX with a lower target price of RM3.40 (previously RM3.56)?

Previously: 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.

Posted by Sslee > 2023-11-23 19:03 | Report Abuse

Sometime I just wonder did IBs analyst really qualified in reading and understanding financial report?

Posted by paulthesotong > 2023-11-23 20:54 | Report Abuse

Just simpleflying
https://simpleflying.com/airasia-x-sheds-distressed-profitable-q3/

Posted by wsb_investor > 2023-11-24 14:50 | Report Abuse

重磅独家｜马中互访免签 赴华15天 来马30天 - 国内 - 即时国内

Posted by Sslee > 2023-11-24 14:54 | Report Abuse

Re-post from CapA forum
Winter is coming and beware of winter flu.

What is winter flu?
Seasonal influenza (the flu) is an acute respiratory infection caused by influenza viruses. It is common in all parts of the world. Most people recover without treatment. Influenza spreads easily between people when they cough or sneeze.


23 Nov 2023
Updated:
3 hours ago
Chinese officials say they have not detected any “unusual or novel diseases” in the country, the World Health Organization has said, after the UN health agency made an official request for information about an outbreak of a mysterious pneumonia in northern China mostly affecting children.

China has been experiencing an increase in cases of influenza-like illnesses compared with the same period in the previous three years when strict measures were in force as part of its zero-COVID strategy.

Posted by Rhenly > 2023-11-24 15:05 | Report Abuse

AirAsia X experienced a notable 11% increase, with its shares rising by 23 sen to RM2.33, propelled by the news that the financially troubled long-haul low-cost airline had successfully averted the risk of delisting.https://www.facebook.com/groups/291395438819711/posts/1038134867479094/

Posted by Jassie26 > 2023-11-24 16:42 | Report Abuse

Maybank giving 3.40 TP ???

Posted by ericwwt > 2023-11-24 17:22 | Report Abuse

No more news. Prices will become stagnant.

Posted by paulthesotong > 2023-11-24 17:35 | Report Abuse

Come come come

https://www.malaymail.com/news/malaysia/2023/11/24/reports-malaysians-to-get-15-day-visa-free-travel-to-china-to-reciprocate-with-30-day-visa-free-travel/103992#google_vignette