Lowyat.NET: Latest topics by Unstability

Bitcoin 1mil, ETH 100k, XRP 10k. Ke yi ma?

Unstability — Sun, 02 Aug 2020 18:27:12 +0800

Keyima? I collect energy ball.

How happy are you with life?

Unstability — Sun, 02 Aug 2020 11:23:54 +0800

How happy are you with life?

Karma for discriminating minorities.

Unstability — Sat, 01 Aug 2020 10:22:56 +0800

So don't discriminate ya? Or there will be karma and retribution!

AAX TP RM 0. GG.

Unstability — Fri, 31 Jul 2020 23:44:02 +0800

https://www.malaysia-chronicle.com/?p=192132

OMG – WHAT A BLOODBATH FOR FOLLOWERS OF TONY FERNANDES! ZERO SHARE PRICE FOR AIRASIA X – RESEARCH HOUSE EXPECTS PLUNGE TO RM0.00 AFTER BIGGEST-EVER QUARTERLY LOSS – IMAGINE WHAT CAN HAPPEN TO MAS!
JULY 31, 2020

A RESEARCH house has cut the Target Price (TP) for AirAsia X Berhad’s (AAX) share to zero after the long-haul budget carrier recorded its biggest ever quarterly net loss.

CGS-CIMB Equities Research, in maintaining a reduced rating on the stock, said in a note today that the airline group’s net liability position prompted the cut of the target price from 7 sen to zero.

“Maintain ‘reduce’ and cut the target price to zero, as AAX already fell into a net liability position as at March 31, with the worst yet to come,” it said.

The target price is the fair valued future price for a stock based on historical earnings.

CGS-CIMB projected that AAX’s available seat km capacity for FY2020 to be at only 22% of the baseline capacity for the previous year.
This is set to improve to 40% for FY2021 and 50% for FY2022.

“Even if borders reopen, AAX may have to be a lot more selective on the routes it flies,” it added.

AirAsia X recorded a net loss of RM549.7 million for the first quarter ending March 31 against a net profit of RM43.33 million in the same quarter last year.

Revenue on the other hand fell 21% to RM924.09 million as seat capacity and the total number of passengers carried decreased.

It is worth noting that AAX’s first quarter core net losses of RM380 million was 10 times more than that recorded in the same quarter last year, as passenger traffic declined as a result of Covid-19 and the closure of Malaysia’s borders since the enforcement of the movement control order as well as that of other countries.

While domestic travel is picking up, AAX has to wait longer until international borders reopen.

Its fleet has also been grounded since March 28, except for some cargo flights.

“AAX is now in a desperate attempt to grasp at all the straws it can find. We believe AAX has not been paying its lessors, maintenance providers and suppliers since 4Q19,” CGS-CIMB said.

“Lessors are unable to do anything about this effective default of the operating lease contracts, as repossessing the planes may leave them looking in vain for replacement customers.”

The report also noted that the airline group spent RM140 million in cash in the Q1, which leaves it with RM219 million in reserve as at March 31.

It added that AAX only has the capability to pay salaries until the end of FY2020, assuming that the cost for total salaries for 1Q20 is RM105 million and it has been reduced to RM70 million per quarter for the rest of the year.

This, however, does not take into account its obligations to suppliers.

The airline is negotiating with suppliers to reduce aircraft lease rates and to pay on per-use basis to early return leased aircraft that is in excess of future requirements, to reduce airport charges, to revisit terms with business partners and to restructure its fuel hedges with the remaining 30% of counterparties that have yet to agree to the deferment of payment.

CGS-CIMB also projected that the airline was unable to survive without cash injection, even if it has suppliers’ support.

On that note, it added, the airline was negotiating with banks for a RM500 million loan, for which it is looking to get Danajamin Nasional Berhad to guarantee 80% of the financial facility.

“Our view is that it will be unlikely for any banks to agree to provide liquidity unless there is shareholder support,” it said.

It also said there is no evidence of individual shareholders of AAX or AirAsia indicating willingness to top up equity.

Additionally, the government has not offered state backing aside from Danajamin serving as a loan guarantor.

Hence, CGS-CIMB believed that AAX is unable to secure the debt or equity funding it needed to see through the Covid-19 pandemic.

THE MALAYSIAN INSIGHT

Crypto LOTR. LOL.

Unstability — Fri, 31 Jul 2020 22:25:51 +0800

[YOUTUBE]sxO_OIH1Q40[/YOUTUBE]

Tron crypto. U got buy?

Unstability — Thu, 30 Jul 2020 11:56:25 +0800

For those that buy, how u buy from Malaysia?

[YOUTUBE]XdmNgMAIKDQ[/YOUTUBE]

Stay of Execution. What does it really mean?

Unstability — Tue, 28 Jul 2020 20:58:50 +0800

Can explain in simple England? Means guilty but still free?

Can apply to all cases?

I know why mask mandatory 1st Aug.

Unstability — Sat, 25 Jul 2020 16:49:26 +0800

Because many business and connected flippers stock up but no buyers. So govt make it mandatory.

So u know what? I flip middle finger and only buy from China directly. Hahahaha.

How US & the West can push India to fight China.

Unstability — Fri, 24 Jul 2020 21:44:16 +0800

-US & EU companies all stop giving IT contracts to India companies.

- All IT contracts and Shared Centers come to Malaysia.

- India people sure mogok and Modi will be under huge pressure because India economy mainly rely on outsourcing. If India want IT project then have to fight China.

- No choice. India fight with China.

- Achievement unlocked.

Donald Trump bow down to Covid19.

Unstability — Thu, 23 Jul 2020 23:12:14 +0800

[YOUTUBE]26ss_o1dhCE[/YOUTUBE]

U know it's really bad when even Trump admits defeat to covid19. In a weird kind of way maybe he going against covid19 wasn't such a bad idea after all.

Like people say "Be careful of what u wish for."

Why this warrant no move?

Unstability — Thu, 23 Jul 2020 19:50:50 +0800

https://klse.i3investor.com/m/stock/overview/711382.jsp

AntheMz: Mother is going up.. C82 is going down.. Wtf
23/07/2020 3:14 PM

Gekko92: What happen eh?mother up so much..c82 only up 0.005
23/07/2020 5:57 PM

Gekko92: Can someone explain???

The enemy of my enemy is my friend twist.

Unstability — Thu, 23 Jul 2020 13:19:28 +0800

The latest aggression from US to close China consulate in Houston is likely because China inked military deal with Iran. Now, there are many thingy US can tolerate but there is no fucking way they can tolerate Iran. US is strongly backed by Jews therefore the hatred towards Iran.

Iran is known to support the Palestenian cause. With the help of China they can help Palestine to get back land from Israel. Now I know many /k support Palestinian cause.

So ask you la, will u support China if China can help take back Palestine from the Jews?

Covid19 is tipu scammer virus.

Unstability — Wed, 22 Jul 2020 15:43:57 +0800

If the virus so bad and it's caused by close proximity why are prisoners not dying by the seconds? Come on, it's common knowledge that jails are packed. So why the prisoners don't die daily?

And if it's so bad, why isn't people falling unconscious/dead while in lrt/MRT? Makes no sense right?

Also if it's so bad, why isn't there ambulances always on the go? Hey, covid19 case so bad? I mean if the numbers are that high there should be many ambulances on the road right? Yet we don't see this.

Explain...

Life no future.

Unstability — Wed, 22 Jul 2020 14:10:46 +0800

Life no future.

If cannot extend moratorium & return jobs

Unstability — Wed, 22 Jul 2020 13:57:49 +0800

Life so suffering, What point live anymore? Left/right hand also no mood.

Live for what? To die on the streets? And don't fucking say befrienders. These cibais can pay off all my loans and give me RM20k or not? If cannot just fuck off.

Pek Merdeka Singapura. Majulah Singapura.

Unstability — Tue, 21 Jul 2020 22:55:50 +0800

[YOUTUBE]lEq3aWhCQsg[/YOUTUBE]

Every Singapore household got nice package in conjunction with national day. Mask really high quality and well packed.

Really man, majulah singapura.

DILARANG BERANAK!

Unstability — Fri, 17 Jul 2020 19:14:10 +0800

TO STOP FURTHER POVERTY AND OVERPOPULATION, SEMUA WARGANEGARA DAN BUKAN WARGANEGARA TIDAK DIBENARKAN BERANAK TAHUN 2021 UNTIL ETERNITY.

B40, M40, T20, PIPIT, HELANG, RAJAWALI, PENGUIN, ETC, SEMUA TAK BOLEH BERANAK. KAHWIN BOLEH, KONGKEK BOLEH, TAPI ANAK TAK BOLEH!

AGREE?

Team Facemask or Team Anti Facemask

Unstability — Wed, 15 Jul 2020 23:13:19 +0800

Which team are u on?

[YOUTUBE]ogZ-3SI8JKI[/YOUTUBE]

Hi, how can we embed tiktok video in /k?

Unstability — Thu, 09 Jul 2020 09:01:54 +0800

https://vt.tiktok.com/UfWRc2/

https://vt.tiktok.com/UfxTHt/

Malaysian Chinese Not Racist.

Unstability — Mon, 06 Jul 2020 01:29:23 +0800

https://vt.tiktok.com/UkgvTx/

https://vt.tiktok.com/UBQa9k/

https://vt.tiktok.com/UBX797/

https://vt.tiktok.com/UB3RDW/

https://vt.tiktok.com/UB9fwb/

https://vt.tiktok.com/UBg54U/

Taubatlah those who keep saying Cina racist and cannot speak BM. So many tiktok videos use BM. Make peace not war.

Happy Monday.