AAX
Airasia X Berhad
Company Background
AirAsia Expects Bullish Year Driven by Strong Recovery, Connectivity
AirAsia is set for a strong financial year in 2025 driven by strong recovery, strategic expansion and operational efficiencies.
AirAsia Aviation Group Ltd group chief executive officer Bo Lingam said over 30 new routes will be introduced this year to strengthen ASEAN and domestic connectivity, thus reinforcing its position as the region's leading low-cost airline.
"This year, as we return to full capacity, we will be balancing growth with profitability. Our network strategy will prioritise strategic and demand-driven connectivity across Asia," he said at a media briefing here today.
Furthermore, he said, the airline expects to operate a fleet of 234 narrowbody aircraft this year across the group's five short-haul airlines, restoring full pre-pandemic capacity.
"Only 16 aircraft remain to be reactivated, while 14 new aircraft deliveries have been confirmed for 2025, four from Airbus and 10 via lessors," he said.
Bo said the group's vision is to make Kuala Lumpur at par with Dubai as a busy and world-class aviation hub.
Asked on additional new aircraft, he said discussion is ongoing actively with three manufacturers - Airbus, Embraer and Comac.
He said the decision is likely in June this year, to ensure technical specifications of single-aisle aircraft are efficient to serve AirAsia's routes.
In December last year, Capital A Bhd's chief executive officer Tan Sri Tony Fernandes was reported as saying AirAsia was looking to expand its fleet with at least 100 new aircraft to supplement its Airbus A321s.
Bo said AirAsia's network optimisation is also expected to be completed by the second quarter this year, with frequency increases across high-demand routes beginning in the same period.
"In parallel, the group is evaluating new routes to meet growing intra-Asia travel demand driven by easing visa initiatives across key markets including China, India, Thailand and Malaysia, aligned with evolving travel trends," he added.
Bo said AirAsia is responding directly to market demand and Fly-Thru opportunities with over seven million Fly-Thru guests targeted this year from 4.3 million in 2024.
He said Fly-Thru is likely to be contributing 10 per cent of passengers this year via leveraging Thailand's Don Mueang International Airport (DMK) and Kuala Lumpur as key hubs and maximise traffic from North Asia, Australia, Central Asia and Middle East.
"Our mega hubs in Kuala Lumpur (KUL) and Bangkok-Don Mueang (DMK) will continue to anchor Fly-Thru growth, currently handling 95 per cent of Fly-Thru traffic.
"At the same time, we will expand other hubs and look forward to adding over 1,700 weekly return flights and 323,336 weekly seats across the group by the end of 2025,” he said.
Meanwhile, deputy group chief executive officer Farouk Kamal said AirAsia is exploring refinancing options to reduce interest costs on its US dollar-denominated debt, which currently stands at around 11 to 12 per cent.
He said by securing financing from domestic banks, the rate is expected to be lowered to seven to eight per cent.
Farouk said the move will result in significant interest cost savings for the group, adding that the financing will be obtained through domestic banking institutions, including the potential issuance of domestic bonds. - Bernama
$AAX / 5238 (AIRASIA X BERHAD)
$AIRASIA / 5099 (AIRASIA GROUP BERHAD)
Titan Trading Notes For Wednesday [6/11/2024]:
$KLCI resumed its rebound today, closing back towards the 1620 points regions today with an overall positive market sentiment as our market starts to rebound from the sell off last week. Daily trading volume however remains relatively low around the 2.5 billion mark.
Main stocks that showed strong buying momentum would be the likes of CEB, SORENTO, AIZO, NE, BAHVEST, JAKS, CREST, SRIDGE, YTL, JPG, and KOSSAN. All of which were able to sustain their rallies throughout the day on the top volumes list today.
$CEB / 5311 (CAPE EMS BERHAD) since the breakout yesterday, was able to continue its buying momentum and broke out towards the RM 0.37 regions today with good volume and buying momentum.
Although it faced some selling pressure which saw the stock retrace back towards the RM 0.36 regions, overall still looking quite strong here in terms of buying momentum and volume. As long as able to hold above its RM 0.33+ support, should be looking quite healthy.
Will be monitoring CEB closely here.
$SORENTO / 0326 (SORENTO CAPITAL BERHAD) since breaking out yesterday, was able to breakout further from its RM 0.405 all time high levels and rallied all the way towards the RM 0.435 regions with huge volume and buying momentum, forming a new all time high here.
For now as long as able to hold above its RM 0.405+ immediate support levels, could continue on towards and beyond the RM 0.435+ major resistance levels soon for the next wave up.
Will be monitoring SORENTO closely as seems to be one of the stronger performing IPO shares.
$AAX / 5238 (AIRASIA X BERHAD) although retraced all the way back towards the RM 1.83+ support levels earlier this week, was able to hold well as a higher low and broke out back towards the RM 1.90+ regions today with good volume.
So far looking quite healthy here and as long as able to hold above its RM 1.85+ support levels on the hourly charts, could continue on towards and beyond its RM 2.03 major resistance levels soon.
Will be monitoring AAX closely
$AAX / 5238 (AIRASIA X BERHAD)
Research by Maybank
$AAX / 5238 (AIRASIA X BERHAD)
Research by PublicInvest
KUALA LUMPUR: Rexit Bhd, Nestle (M) Bhd, DXN Holdings Bhd, AWC Bhd, Vitrox Corp Bhd, AirAsia X Bhd (AAX) and Pavilion Real Estate Investment Trust (Pavilion-REIT)
KUALA LUMPUR: AirAsia X Bhd (AAX) achieved a passenger load factor (PLF) of 84% in the third quarter of 2024 (3Q24), an increase of four percentage points from the previous year.
Titan Trading Notes For Thursday [24/10/2024]:
$KLCI retraced briefly back towards the 1641 points region with an overall mixed market sentiment as we still saw over 470 counters closing red along with it for the day. Daily trading volume however was able to bounce back towards the 3.2 billion mark, which is a good sign.
Main stocks that showed strong buying momentum would be the likes of CAPITALA, MYEG, SIMEPROP, SPSETIA, BAHVEST, 99SMART, MRDIY, NE, CREST, AAX, JPG, SCGBHD, YEWLEE, JTIASA, and NATGATE. All of which were able to sustain their rallies throughout the day on the top volumes list.
$CREST / 0323 (CREST GROUP BERHAD) although retraced all the way back towards the RM 0.295 regions last week, had been able to form a solid support and rebounded back strong today back towards the RM 0.355 regions with good volume and buying momentum.
So far looking quite strong here and as long as able to sustain above its RM 0.345 immediate support, could breakout back towards the RM 0.38 - RM 0.40 major resistance levels soon for an uptrend continuation pattern.
Will be monitoring CREST closely here.
$NE / 0325 (NORTHEAST GROUP BERHAD) on the other hand although retraced back towards the RM 0.55+ support levels, was able to rebound back strong towards the RM 0.59 all time high levels today with good volume and buying momentum.
For now looking quite strong here and as long as able to hold above its RM 0.565 immediate support, could continue on towards and beyond the RM 0.59 all time high levels for a bullish continuation pattern soon.
Will be monitoring NE closely as still trending up strong.
$AAX / 5238 (AIRASIA X BERHAD) since breaking out yesterday, was able to perform quite well today and broke out all the way towards the RM 2 major resistance levels with huge volume and buying momentum today.
For now looking very strong here and as long as able to hold above its RM 1.90 immediate support, could continue on towards and beyond the RM 2.10 - RM 2.20+ major resistance levels soon.
Will be monitoring AAX closely
Titan Trading Notes For Wednesday [23/10/2023]:
$KLCI retraced back towards the 1642 points region with an overall mixed market sentiment today as we still saw over 500 counters closing red for the day. Daily trading volume remains average around the 2.6 billion mark.
Main stocks that showed strong buying momentum would be the likes of NICE, BAHVEST, 99SMART, CAPITALA, DATAPRP, GAMUDA, WCT, and SPSETIA. All of which were able to sustain their rallies throughout the day on the top volumes list.
$NICE / 7139 (NICHE CAPITAL EMAS HOLDINGS BERHAD) since breaking out from its RM 0.13+ major resistance levels over the past 2 weeks, had been able to sustain the buying momentum and rallied all the way towards the RM 0.185 major resistance levels today with good volume and buying momentum.
For now still looking quite strong and ripe for a potential bullish continuation pattern here. As long as able to hold above its RM 0.15+ immediate support levels, could continue on towards and beyond its RM 0.185 - RM 0.20 major resistance levels soon.
Will be monitoring NICE closely here.
$99SMART / 5326 (99 SPEED MART RETAIL HOLDINGS BERHAD) although retraced back towards the RM 2.32+ major support levels last week, had been able to hold above it as a higher low region and broke back out towards the RM 2.40+ regions today with good volume and buying momentum.
Seems to be looking quite strong here and as long as able to hold above its RM 2.40 immediate support levels on the hourly charts, could continue on towards and beyond the RM 2.50+ major resistance levels soon for a bullish continuation pattern.
Will be monitoring 99SMART closely here as still trending up strong.
$AAX / 5238 (AIRASIA X BERHAD) since retracing back towards its RM 1.70+ support levels last week, had been able to hold well above this region and started to trend back up towards the RM 1.86 levels today with good volume and buying momentum despite the weak market.
For now looking quite ripe for a potential uptrend continuation pattern here. As long as able to hold above its RM 1.80 immediate support, could continue on to trend up towards and beyond its RM 2 major resistance levels soon.
Will be monitoring AAX closely here
KUALA LUMPUR: AirAsia X Bhd’s (AAX) shareholders have approved and expressed strong support for the proposed acquisition of Capital A’s entire equity interest in the aviation business within AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) for RM6.8 billion.
KUALA LUMPUR: AirAsia X Bhd’s (AAX) shareholders have approved and expressed strong support for the proposed acquisition of Capital A’s entire equity interest in the aviation business within AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) for RM6.8 billion.
KUALA LUMPUR: Genting Malaysia Bhd, Capital A Bhd, AirAsia X Bhd (AAX), Critical Holdings Bhd, Exsim Hospitality Bhd and Fajarbaru Builder Group Bhd are among the stocks to watch on Tuesday.
KUALA LUMPUR: Genting Malaysia Bhd, Capital A Bhd, AirAsia X Bhd (AAX), Critical Holdings Bhd, Exsim Hospitality Bhd and Fajarbaru Builder Group Bhd.
PETALING JAYA: Capital A Bhd has said its shareholders have approved the proposed disposal of the group’s aviation business to AirAsia X Bhd during its general meeting held yesterday.
PETALING JAYA: Capital A Bhd's shareholders have approved the proposed disposal of the group’s aviation business to AirAsia X Bhd at its extraordinary general meeting.
PETALING JAYA: Capital A Bhd has said its shareholders have approved the proposed disposal of the group’s aviation business to AirAsia X Bhd during its general meeting.
PETALING JAYA: Capital A Bhd has said its shareholders have approved the proposed disposal of the group’s aviation business to AirAsia X Bhd during its general meeting.
KUALA LUMPUR: AirAsia X Bhd (AAX) has released a detailed circular on the RM6.8 billion acquisition of Capital A Bhd's entire equity stake in AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) for its shareholders’ review ahead of its Extraordinary General Meeting on Oct 16.
AirAsia to Add 2,000 Weekly Flights, 150,000 Seats Across 40 Key Routes By Year-End
AirAsia is expanding its domestic connectivity across Malaysia with the addition of 2,000 weekly flights and 150,000 seats across 40 key routes by the end of the year.
As a result of this expansion, the low-cost carrier said AirAsia’s market share is expected to increase to 64 per cent, reinforcing its leading position in the Malaysian aviation sector.
"Timed to meet the growing demand for year-end travel, this expansion will provide more flight options and flexibility for local and regional guests, connecting them to diverse and vibrant destinations across Malaysia,” it said in a statement today.
As the carrier expands domestic operations with 1.7 million seats available for booking by year-end, AirAsia Malaysia managing director Datuk Captain Fareh Mazputra said the carrier is also opening doors for regional travellers to explore and experience Malaysia’s unique destinations, cultures and cuisines.
"Our growth and market leadership are not just about flying more routes but about playing a pivotal role in supporting the national economy and enhancing connectivity. However, these efforts cannot be done by AirAsia alone,” he said.
Therefore, Fareh said AirAsia calls on all stakeholders, including the government, airports, tourism bodies and other industry players, to join forces collectively to make travel more accessible and affordable for everyone, especially Malaysians.
In line with its ongoing efforts to enhance the customer experience, AirAsia said it has introduced AirAsia Plus, offering added value to passengers flying to and from Sultan Abdul Aziz Shah Airport.
"The AirAsia Plus fare includes 7.0 kilogramme (kg) cabin baggage, 20.0 kg checked baggage, seat selection, inflight meal or snack as well as baggage and on-time guarantee (OTG) insurance,” it added. - Bernama
$AAX / 5238 (AIRASIA X BERHAD)
$AIRASIA / 5099 (AIRASIA GROUP BERHAD)
Source: https://cutt.ly/7eYXvoEP
$AAX / 5238 (AIRASIA X BERHAD)
Research by RHB
KUALA LUMPUR: Capital A Bhd will hold an extraordinary general meeting (EGM) on Oct 14, 2024 to seek shareholder approval for the proposed sale of its aviation business to AirAsia X Bhd (AAX).
$AAX / 5238 (AIRASIA X BERHAD)
$AAX / 5238 (AIRASIA X BERHAD)
Research by Maybank
BUY – TP RM 2.71
"Creating slipstreams to a better 2H24”
Given that 2Q tends to be weak for AAX, we believe it fared well in 2Q24. We expect 3Q24 and 4Q24 to be better on lower fuel prices, recovering MYR and seasonally high fares. We lift earnings estimates by 61-88%. Ascribing 6x FY25E PER (7x FY25E PER previously based on industry average ex-Interglobe, Spring and VietJet), we lift our TP to MYR2.71 from MYR1.88. Efforts to raise MYR1.0b in equity are underway. AAX also expects to complete the acquisition of CAPITALA’s 5 airlines by year end.
Analyst:
Yin Shao Yang
samuel.y@maybank-ib.com
$DOOH mau RUPSLB nihhh, mo ada apa yakkk?
$ANTM $ASII $AAX / 5238 (AIRASIA X BERHAD)
Titan Weekend Chart Reviews
$AAX / 5238 (AIRASIA X BERHAD)
Had a good breakout from its RM 1.50+ main downtrend resistance with good volume and buying momentum here.
This came after 2 months of retracement and consolidation here. For now as long as able to sustain above its RM 1.50 support, could continue to trend up towards the RM 1.60 - RM 1.70+ regions soon.
Support: RM 1.50 area
Resistance: RM 1.60, RM 1.65, RM 1.70 areas
$AAX / 5238 (AIRASIA X BERHAD)
$AAX / 5238 (AIRASIA X BERHAD)
KUALA LUMPUR: Malaysia’s long-haul budget carrier AirAsia X Bhd will introduce new flights to Nairobi from Kuala Lumpur from Nov 15 this year.
© New Straits Times Press (M) Bhd
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSAIRASIA X BERHAD ("AAX" OR THE "COMPANY")
(I) PROPOSED INTERNAL REORGANISATION;
(II) PROPOSED ISSUANCE OF FREE WARRANTS;
(III) PROPOSED PRIVATE PLACEMENT;
(IV) PROPOSED AAAGL ACQUISITION;
(V) PROPOSED AAB ACQUISITION; AND
(VI) PROPOSED SHARE CAPITAL REDUCTION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
(VII) PROPOSED GRANTING OF SUBSCRIPTION OPTIONS
$KLSE-CAPITALA
$AAX / 5238 (AIRASIA X BERHAD)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONSAIRASIA X BERHAD ("AAX" OR THE "COMPANY")
(I) PROPOSED INTERNAL REORGANISATION;
(II) PROPOSED ISSUANCE OF FREE WARRANTS;
(III) PROPOSED PRIVATE PLACEMENT;
(IV) PROPOSED AAAGL ACQUISITION;
(V) PROPOSED AAB ACQUISITION; AND
(VI) PROPOSED SHARE CAPITAL REDUCTION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
(VII) PROPOSED GRANTING OF SUBSCRIPTION OPTIONS