Author Topic: AAX  (Read 1120 times)

Online iiinvestsmart

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AAX
« on: April 02, 2016, 04:15:45 PM »
AAX 5238                                                
00/01/1900                                                
0   0   ('000)   ('000)                                       
Quarter   No   ttm-Rev   ttm-PBT   adj ttm-EPS   adj ttm-DPS      PBT Marg   ROE%   DPO      adj HPr   adj LPr   
31/12/2015   4    3,075,360    -419,423    -10.11   0.00      -13.6%   -49.5%   0.0%      0.27     0.25   
31/12/2014   4    2,939,125    -605,184    -15.20   0.00      -20.6%   -41.8%   0.0%      0.32     0.25   
31/12/2013   4    2,307,490    -212,978    -2.550   0.00      -9.2%   #DIV/0!   0.0%      0.47     0.42   
It’s better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Online iiinvestsmart

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Re: AAX
« Reply #1 on: April 02, 2016, 04:19:13 PM »
No.   Financial   Revenue   Profit Before   Net Profit   Earning   Dividend   NTA
   Quarter   (RM,000)   Tax (RM,000)   (RM,000)   Per Share (Cent)   (Cent)   (RM)
4   31/12/2015   853,945   151,659   201,586   5.9   0   0.15
3   30/09/2015   793,013   -291,419   -288,193   -9.1   0   0.12
2   30/06/2015   653,028   -162,385   -132,939   -6.1   0   0.2
1   31/03/2015   775,374   -117,278   -125,916   -5.3   0   0.24
4   31/12/2014   819,270   -200,231   -168,429   -7.1   0   0.294
3   30/09/2014   698,764   -224,451   -210,851   -8.9   0   0.37
2   30/06/2014   671,612   -132,374   -128,785   -5.4   0   0.46
1   31/03/2014   749,479   -48,128   -11,281   -0.5   0   0.51
4   31/12/2013   679,586   -170,388   -131,332   -5.5   0   0.52
3   30/09/2013   601,491   -18,945   26,441   7.4   0   0.57
2   30/06/2013   491,136   -58,410   -32,303   -12.1   0   0.33
Quarterly Results post listing are as above

1   31/03/2013   535,277   34,765   50,197   50,197   18.8   
4   31/12/2012   538,961   24,929   14,096   14,096   5.3   
3   30/09/2012   486,554   49,029   48,856   48,856   18.3   
2   30/06/2012   405,203   -92,868   -77,636   -77,636   -29.1   
It’s better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Offline kittima

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Re: AAX
« Reply #2 on: April 02, 2016, 04:39:52 PM »
AAX listing is almost like those get rich fast scheme that scam investor  :D

Online iiinvestsmart

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Re: AAX
« Reply #3 on: April 02, 2016, 04:45:45 PM »
The aggregate business so far for AAX for all the years of its existence:

('000)
Total Revenue  9,752,693   
Total Loss   -966,489


It’s better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Online king

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Re: AAX
« Reply #4 on: May 24, 2017, 06:42:23 AM »


Tuesday, 23 May 2017 | MYT 8:22 PM
AirAsia X’s profit hit by higher fuel expenses
BY M. HAFIDZ MAHPAR

image: http://www.thestar.com.my/~/media/online/2017/05/23/12/26/dcx_doc6puyx95d6wk1j1rlyf8w.ashx/?w=620&h=413&crop=1&hash=F183DB65E1AA85792729325BBE4B89E25791FE03

 
KUALA LUMPUR: AirAsia X Bhd’s (AAX) profit for the first quarter (Q1) ended March 31, 2017, was dragged down by higher expenses such as aircraft fuel cost, which ballooned by 55% from a year earlier.

AAX, whose expenses are mostly denominated in the US dollar, said it posted a 43% year-on-year drop in operating profit to RM60.3mil mainly due to an overall 6% depreciation of the ringgit against the greenback.

The long-haul, low-cost airline told Bursa Malaysia on Tuesday that net profit fell to RM10.34mil from RM179.49mil previously.

Aircraft fuel expenses, the single largest operating cost, swelled to RM377.69mil from RM243.06mil a year earlier. Aircraft operating lease costs rose to RM70.82mil from RM45.64mil previously.

Its profit took a hit despite a healthy growth in passengers carried - up 33% to 1.4 million in Q1 on the back of a higher available seat capacity - that led to a 22% jump in revenue year-on-year to RM1.18bil.

Load factors were 2 basis points higher at 84% compared with the same quarter in 2016.

Ancillary revenue per passenger remained constant at RM150 while freight and cargo revenue grew by 5.9% to RM32.8mil in the quarter under review.

Revenue per available seat kilometer (RASK) was down 6% year-on-year from 15.11 sen to 14.20 sen during the quarter under review.

AAX said the marginal drop was due to the expected increase in capacity on core existing routes as per its strategy to grow market share and therefore pressuring yields.

In a press statement, it said Malaysia AirAsia X (MAAX) registered a healthy load factor of 84%, up 2 percentage points (ppts).

Thailand AirAsia X outperformed despite regulatory constraints by posting US$5.5mil net profit in Q1. It recorded a strong 94% load factor, an increase of 5 ppts from 89% in the same period last year.

As for Indonesia AirAsia X, the A330s service was still temporarily suspended in Q1 as part of a network restructuring aimed at improving operational efficiencies. However, it has resumed the A330 operations with the introduction of two new routes this month.

On its prospects, the AirAsia group affiliate said that based on the current forward booking trend, forward loads and average fares were trending better than the previous year.

However, it added, the relative weakness of the Malaysian ringgit remained a key concern as a large portion of the company’s borrowings and operating costs - including fuel expenses and aircraft operating lease exprnses - are denominated in US dollars.

“Barring any unforeseen circumstances, including but not limited to terrorist attacks, natural disasters, epidemics, economic downturn, fuel price hike and fluctuation in foreign currencies against the Malaysian ringgit, the company expects its prospects to remain positive,” it said.

In the press statement, MAAX chief executive officer Benyamin Ismail said: “Moving forward for the rest 2017, AirAsia X will focus on strengthening our market leadership through a number of strategies.

“We hope to stretch our aircraft utilisation rate further with more incremental frequencies on high yield point-to-point routes and new routes in the second half of 2017. We have also set targets in ensuring the company remains lean through various cost initiatives and maximise the operational synergies between AirAsia and AirAsia X.”
TAGS / KEYWORDS:
Corporate News , Airlines , AirAsia X Bhd

Read more at http://www.thestar.com.my/business/business-news/2017/05/23/airasia-xs-profit-hit-by-higher-fuel-expenses/#0PkUUTxqIPdmL3Vd.99

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Re: AAX
« Reply #5 on: May 24, 2017, 11:22:01 AM »



Business NewsHome > Business > Business News
Wednesday, 24 May 2017 | MYT 9:41 AM
CIMB Research raises AirAsia X core net profit for FY17
image: http://www.thestar.com.my/~/media/online/2016/01/13/08/23/airasia2.ashx/?w=620&h=413&crop=1&hash=565D8DF7B9C7760D6A528D7808CAB6FB26609C8C

 
KUALA LUMPUR: AirAsia X’s 1Q17 group core net profit of RM24mil was more than CIMB Equities Research’s previous full-year forecast of RM13mil as it had underestimated AAX’s charter-flight revenues but it was concerned about multiple headwinds.

The research house said on Wednesday it revised up its FY17F core net profit forecast to RM42.7mil. Consensus is expecting higher FY17F profits versus FY16 so the 1Q would have disappointed, it added.

Still, its new FY17F core net profit is 77% lower against FY16, in the same way that the 1Q17 result was 71% lower on-year, due to multiple pressure points.

“Hence, we maintain Reduce but raise target price slightly (to 25 sen from 24 sen), still at one time CY17 price-to-book value,” it said.

Elaborating on the results, CIMB Research said Malaysia AAX (MAAX) reported an estimated airline-only core net profit of RM28.5mil in 1Q17 (excluding estimated leasing profits earned from its associate airlines), down 63% from 1Q16’s RM77mil, despite a 29% rise in available seat kilometres (ASK) capacity.

The drop was on the back of a 16% rise in the price of jet fuel from US$57 a barrel in 1Q16 to US$66 in 1Q17, a 9% rise in unit staff costs due to salary hikes for pilots and crew as a defensive retention move and a 6% appreciation of the US$, which impacted around 60% of MAAX’s costs.

The strong 29% ASK growth at MAAX also necessitated underlying yield cuts of 4% on-year.
Fortunately, revenue passenger km (RPKs) demand responded well, growing faster than ASK growth and helping passenger load factors (PLF) improve 2.3% pts to 84%.

This blunted the negative yield impact on MAAX’s underlying revenue per ASK (RASK), which shrank but 1.4% against 1Q16.

Yield pressures to China were acute, with yield falling 11% on-year due to a 45% rise in seat capacity, while yields to Australia dropped 3% on-year on a 25% increase in capacity.

Thai AirAsia X (TAAX) delivered similar profits but IAAX losses up. AAX’s 49% share of TAAX’s airline-only core net profit was RM19mil in 1Q17, up 12%
on-year on 15% more passenger volume. This was a decent performance since the 1Q was impacted by the Thai government’s crackdown on zero-dollar tours.

“We have attributed a 100% share of Indonesia AirAsia X’s losses into our group AAX profits, reflecting AAX’s true economic interest, in our view,” it said.

IAAX’s core airline losses doubled on-year to RM30.5mil (100% basis) as its two A330s were only partially leased to Malaysia AirAsia.

“Outlook less rosy in FY17F on multiple pressure points,” pointed out the research house.

It believes that the 1Q will be reflective of what it projected will happen across all of FY17F, with the weaker ringgit, higher oil price, higher staff costs and lower yields impacting the size of MAAX’s profits.

“From 2H17F, the yield pressures could escalate as MAAX may have to bear start-up losses on its new 4x weekly Osaka-Honolulu route that will commence on June 28 while competition in Malaysia could intensify.

“Competition may heighten from 4Q17F and into FY18F as Malindo is expected to take delivery of 3 x A330s from its parent, Lion Air, its first-ever wide-bodies.

“Meanwhile, MAS is looking to lease two additional A330s in 4Q17F and two more in 1Q18F, taking its A330 fleet to 19-strong. These seven additional A330s are expected to compete with MAAX in the medium-haul markets to China, Australia and potentially Japan.

“The last time the Malaysian market saw A330 additions was in FY16, when MAAX added two.

“IAAX operational re-start may need some investment too. IAAX this month recommenced scheduled flight operations with Bali-Narita and Bali-KL-Mumbai flights. When IAAX operated Bali-Sydney and -Melbourne flights in the past, it could not deliver profits, so we are unclear if IAAX will succeed this time,” said CIMB Research.
TAGS / KEYWORDS:
Earnings , Corporate News , Airlines , Analyst Reports

Read more at http://www.thestar.com.my/business/business-news/2017/05/24/cimb-research-raises-airasia-x-core-net-profit-for-fy17/#01BpKEWs8bXLw9OT.99

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Re: AAX
« Reply #6 on: May 24, 2017, 11:50:36 AM »
“Hence, we maintain Reduce but raise target price slightly (to 25 sen from 24 sen), still at one time CY17 price-to-book value,” it said.

Bow chow see  :S :'( :sweat: :phew: :(

Online king

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Re: AAX
« Reply #7 on: May 25, 2017, 07:02:13 AM »



业绩拖累 评级下调 亚航X遇卖压重挫
亚航X今年首季净利急挫94%,分析员纷纷下调其投资评级。
財经发布於 2017年05月24日 • 最后更新 2017年05月24日 22时43分
业绩拖累 评级下调 亚航X遇卖压重挫

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(吉隆坡24日讯)隨著亚航X(AAX,5238,主板贸服股)今年首季净利按年急挫94%,分析员纷纷下调该股的投资评级,导致该股今天遭受沉重卖压,股价直线下滑,全天急挫15.89%或8.5仙,以全天最低的45仙掛收。

全天成交量高达3亿4393万股,是最热门股项。

与此同时,亚洲航空(AIRASIA,5099,主板贸服股)今天也大热走跌,全天下跌9.54%或31仙,至2.94令吉,是第4大下跌股;同时,也以7221万股的成交量,成为第6大热门股。


其实,亚洲航空股价昨天已大跌27仙或7.67%,至3.25令吉,两个交易日共跌58仙或16.48%。

亚洲航空將在明天公布今年首季的业绩。

此外,亚航和亚航X的数只凭单,今日也交投炽热,挤入20大热门榜。

大部份分析员在今日下调亚航X的投资评级,马银行投行將该股评级下修至「卖出」,而安联星展研究、艾芬黄氏资本、MIDF研究和大眾投行则將该股的投资评级调降至「中和」。

马银行投行分析员表示,亚航X的首季核心净利为2470万令吉,仅佔其全年预测的10%,但相信下半年的旅游旺季能够贡献剩余的60至80%。

惟,他认为,其股价已在过去2个月上扬至少38%,主要是市场对该公司首季业绩有很高的期望。

「我们维持该股45仙的目標价,但鉴于目前的股价已过高,因此將投资评级下修至「卖出」。」

他说,亚航X首季的收益率按年下跌7.5%,但载客率却按年增长2.3个百分点至84%,在所有成本符合预期下,这表示管理层为了填补机舱座位,而在首季降低机票价格。

艾芬黄氏分析员则表示,亚航X首季的营运成本主要是受按年增长55%的燃油价格拖累,另外人力成本按年提高40%,也对公司的营运成本造成压力。

「儘管我们已经对该公司首季业绩有了心理准备,但结果还是令人大跌眼镜,因为首季的税务成本也间接拖累其净利表现。」

安联星展研究分析员认为,该公司2017財政年將会面对竞爭更激烈的经商环境,主要是马航將会再战江湖。

他预测该公司的机票对每公里乘客营收比率(Fares/RPK)將下跌1%,相较2016財政年的7.6%增长。

Online iiinvestsmart

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Re: AAX
« Reply #8 on: May 25, 2017, 09:48:01 AM »
Gruesome business indeed.

Tony Fernandes and friends made money from listing this company and its shares transactions.   

The economics of this business is terrible.
It’s better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

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Re: AAX
« Reply #9 on: May 25, 2017, 10:20:01 AM »
AAX ... falling knife, bow chow see  :S : :phew: :thumbsdown:'(

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Re: AAX
« Reply #10 on: May 25, 2017, 10:38:20 AM »
Gruesome business indeed.

Tony Fernandes and friends made money from listing this company and its shares transactions.   

The economics of this business is terrible.

Toni ... a cornman  ?

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Re: AAX
« Reply #11 on: May 25, 2017, 12:28:06 PM »
Malaysia AirAsia X (MAAX) reported an estimated airline-only core net profit of RM28.5 million in the first quarter of financial year 2017 (1QFY17), excluding estimated leasing profits earned from its associate airlines, down 63% from 1QFY16’s RM77 million, despite a 29% rise in available seat kilometre (ASK) capacity.

The drop was on the back of a 16% rise in the price of jet fuel from US$57 per barrel (bbl) in 1QFY16 to US$66 (RM283.14)/bbl in 1QFY17, a 9% rise in unit staff costs due to salary hikes for pilots and crew as a defensive retention move, and a 6% appreciation of the US dollar, which impacted around 60% of MAAX’s costs.

The strong 29% ASK growth at MAAX also necessitated underlying yield cuts of 4% year-on-year (y-o-y). Fortunately, revenue passenger kilometre demand responded well, growing faster than ASK growth and helping passenger load factor improve 2.3 percentage points to 84%.

This blunted the negative yield impact on MAAX’s underlying revenue per ASK, which shrank by 1.4% against 1QFY16. Pressures on China yield were acute, with yield falling 11% y-o-y due to a 45% rise in seat capacity, while Australia yield dropped 3% y-o-y on a 25% increase in capacity.

AirAsia X Bhd’s (AAX) 49% share of Thai AAX airline-only core net profit was RM19 million in 1QFY17, up 12% y-o-y on 15% more passenger volume. This was a decent performance since 1Q was impacted by the Thai government’s crackdown on zero-dollar tours. We have attributed a 100% share of Indonesia AAX’s (IAAX) losses into our group AAX profits, reflecting AAX’s true economic interest, in our view. IAAX’s core airline losses doubled y-o-y to RM30.5 million (100% basis) as its two A330s were only partially leased to MAAX.

We believe that 1Q will be reflective of what we project will happen across all of FY17, with a weaker ringgit, higher oil price, higher staff costs and lower yields impacting the size of MAAX’s profits.

From the second half of 2017, yield pressures could escalate as MAAX may have to bear start-up losses on its new four-times-a-week Osaka-Honolulu route that will commence on June 28 while competition in Malaysia could intensify.

Competition may heighten from 4QFY17 and into FY18 as Malindo is expected to take delivery of three A330s from its parent, Lion Air, its first-ever widebodies.

Meanwhile, Malaysia Airlines Bhd is looking to lease two additional A330s in 4Q17 and two more in 1Q18, taking its A330 fleet to 19-strong. These seven additional A330s are expected to compete with MAAX in the medium-haul markets to China, Australia and potentially Japan. The last time the Malaysian market saw A330 additions was in FY16, when MAAX added two.

Meanwhile, IAAX this month recommenced scheduled flight operations with Bali-Narita and Bali-Kuala Lumpur-Mumbai flights. When IAAX operated Bali-Sydney and Balis-Melbourne flights in the past, it could not deliver profits, so we are unclear if IAAX will succeed this time.
Namotasapakawatoarahatosamasamputasa

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Re: AAX
« Reply #12 on: May 25, 2017, 01:20:52 PM »
Toni ... a cornman  ?

cornman , it is jagung

ok ok Toni a jagung man
sometimes win sometimes lose
biasa lah

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Re: AAX
« Reply #13 on: May 25, 2017, 01:34:11 PM »
cornman , it is jagung

ok ok Toni a jagung man

Ikan besar, u cannot rely too much on this Toni chai liao. He is a conman not 🌽 man  :D
Namotasapakawatoarahatosamasamputasa

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Re: AAX
« Reply #14 on: May 25, 2017, 02:35:00 PM »
cornman , it is jagung

ok ok Toni a jagung man

Korrect, he can onli work in kampong, jaga kebun jagung onli.

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Re: AAX
« Reply #15 on: May 25, 2017, 02:48:46 PM »
How can a jagung man understand kapal terbang business ?  :D

Offline Oly Shyte

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Re: AAX
« Reply #16 on: May 25, 2017, 03:02:42 PM »
:giggle:  :S  :speechless:
Disclaimer: Every "I EAT" thread created were totally owned by Oly Shyte based on personal observation. It does not represent any stock promotion, buy, hold or sell call and most importantly gathering followers. Please make your own decision wisely! - OLY Securities Research

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Re: AAX
« Reply #17 on: May 25, 2017, 03:09:34 PM »

Online iiinvestsmart

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Re: AAX
« Reply #18 on: May 25, 2017, 03:21:15 PM »
Revenues increasing

Profits ..... still negative.




Charlie Munger .... to not be killed in your Investing, you have to know the stocks you must avoid.

[This advice does not apply to Dr Kim, who embraces any skirts that appear in his visual field.   :D ]
It’s better to buy a wonderful company at fair price than a fair company at wonderful price.

1.  Understand the business
2.  Business must have DCA
3.  Management with integrity
4.  Buy at a sensible price

Big Fat Pitch.  Focus Investing.  Long term portfolio for capital appreciation and income.

Online ahbah

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Re: AAX
« Reply #19 on: May 25, 2017, 03:27:33 PM »
Revenues increasing

Profits ..... still negative.




Charlie Munger .... to not be killed in your Investing, you have to know the stocks you must avoid.

[This advice does not apply to Dr Kim, who embraces any skirts that appear in his visual field.   :D ]

* revenue lah increased by a jagung man  :thumbsdown:

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Re: AAX
« Reply #20 on: August 26, 2017, 06:36:17 AM »





单季业绩飆 亚航X前景谨慎
財经 最后更新 2017年08月25日 22时05分
单季业绩飆 亚航X前景谨慎

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(吉隆坡25日讯)亚航X(AAX,5238,主板贸服股)今年次季净利飆升46倍,带动其股价在周五大热走高,盘中攀升至41.5仙全天最高水平,涨6.15%或2.4仙;不过,之后回吐涨幅,闭市以39仙平盘掛收,成交量高达8838万7900股,是全场第2大热门股。

亚航X昨天公佈的2017財政年次季(截至6月30日止)净利暴涨46倍,至4744万令吉;营业也按年上升17.34%,至10亿3635万令吉,前期为8亿8316万令吉。

不过,该公司上半年净利却大跌68%,至5777万令吉;营业额按年扬升19.59%,至22亿1707万令吉。

儘管亚航X次季表现大好,但基于首季业绩大跌,拖累其上半年表现不符市场预期。

继续阅读,请往下滑

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分析员认为,在竞爭的航空领域,亚航X持续以低价策略,抢占市场率和提高飞机使用率,料將导致机票收益继续受压。

机票收益承压引担忧马银行投行分析员调低该公司2017至2019財政年的盈利预测,下调幅度为26%至33%。

安联星展分析员认为,亚航X削减机票策略凑效,带动次季客运收入公里数(RPK)按年走高35%;不过,机票对每公里乘客营收比率(Fares/RPK)却因此按年下滑14%。

展望未来,分析员预计,因去年同期高基数效应,该公司下半年的可用座位公里数(ASK)成长料放缓。

该分析员对其前景抱持谨慎的看法,特別是第3季是旅游淡季,因此,他把2017至2019財政年的盈利预测,分別下调21%至27%。

吉隆坡25日讯│亚洲航空(AIRASIA,5099,主板贸服股)週四(24日)与加拿大航空航空电子设备公司(CAE)签署买卖协议,以1亿美元(约4亿2930万令吉)脱售空服人员培训公司--亚洲航空卓越中心(简称AACE)私人有限公司的50%股权予CAE。

无论如何,安联星展和马投行因亚航X的股价在近期走跌,而上修其投资评级至「守住」。此外,MIDF研究和大眾投行维持该股「中和」评级;兴业投行和艾芬黄氏资本则各维持「买进」和「卖出」评级。他们给予的目標价是介于27仙至46仙。

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Re: AAX
« Reply #21 on: September 11, 2017, 12:40:49 PM »




Aviation
AAX is the most undervalued airline stock worldwide, says Tony Fernandes
Tan Xue Ying
/
theedgemarkets.com

September 11, 2017 11:28 am MYT
-A+A
KUALA LUMPUR (Sept 11): Year 2018 will be a huge year for long haul low-cost carrier AirAsia X (AAX), said AirAsia Bhd group chief executive officer Tan Sri Tony Fernandes said via his Twitter account this morning.

Fernandes said this morning that AAX has been the “most undervalued airline stock in the world, just like AirAsia was”, and its profit is set to grow.

“Investors are (in) the beginning of seeing value. Long way to go growth stock, annual dividends and special dividends,” Fernandes explained.

He cited cost reduction, increased utilisation, increased country focus, growth in ancillary income and the cull of loss-making routes amongst measures to be taken.

For that, he added AAX will leverage on its strength in Asia with “three great airlines — Kuala Lumpur, Bangkok and Bali”.

As at 10.56am today, AAX rose 0.5 sen to 37.5 sen, with some 3.48 million shares exchanging hands for a market capitalisation of RM1.56 billion.

The counter has been trading between the 52-week range of 35 sen and 55 sen

Online Teosh

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Re: AAX
« Reply #22 on: February 22, 2018, 12:51:56 AM »
(吉隆坡21日讯)基于大笔外匯盈利入账及载客量增加,亚航X(AAX,5238,主板贸服股)2017財政年末季(截至去年12月31日止)净利报捷,净利按年暴增1.2倍,至8441万令吉;营业额增长4.3%,至12亿2047万令吉。

该公司全年净利也暴增1.2倍,至9889万令吉;营业额则从增长17%,至45亿6201万令吉。

去年末季,令吉兑美元匯率的均价为1美元兑4.1591令吉,相比2016年同期回升3.9%。这让大笔营运成本与债务皆以美元计价的亚航X,在去年末季获得2951万令吉的外匯盈利入账,而在2016年末季则蒙受9318万令吉的外匯亏损。

此外,儘管亚航X在去年末季把座位供应量从2016年同期的171万个,扩大10%,至188万个,但载客量的成长速度更快,达12%,从138万人增至155万人,载客率从81%增至83%。不过,每名乘客平均机票费用从565令吉,减少8%,至519令吉。

这也导致亚航X去年末季的每公里机位营业额(RASK)从13.83仙,微跌3%,至13.36仙,惟每公里机位成本(CASK)的减幅更大,达6%,从12.88仙减至12.15仙。该公司当季使用的每桶燃油平均成本为69美元,比2016年同期的64美元增加9%。

亚航X週三起0.5仙或1.25%,收报40.5仙。
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Online Teosh

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Re: AAX
« Reply #23 on: February 22, 2018, 11:13:01 PM »
末季表现超预期 亚航X大热走高

(吉隆坡22日讯)亚航X(AAX,5238,主板贸服股)亮眼的2017財政年末季业绩表现,大致超越分析员预期,激励该股在今天大热走高,全天上升1仙或2.47%,至41.5仙,並以1亿7021万股转手量,成为全场最热门股项。

亚航X今日以42.5仙开盘后,一度上探至44仙全天最高,最后收报41.5仙。

亚航X昨天公布的2017財政年末季(截至去年12月31日止)净利按年激增1.2倍,至8441万令吉;营业额也按年增长4.3%,至12亿2047万令吉。同时,全年净利也暴增1.2倍,至9889万令吉;营业额按年增长17%,至45亿6201万令吉。MIDF研究分析员表示,亚航X重组航线重新转向北亚。

「北亚將成为亚航新的盈利来源,因为该地区拥有较高的航空需求。」值得注意的是,亚航X预计在大马和泰国各接收3架飞机,扩充飞机数量將用来支持中国和日本的6到7条新航线。

该分析员相信,中国的航线在短期內可带动盈利增长,主要由该国的航空旅游需求增加推动,这归功于家庭收入增长。该分析员预估亚航X的2018財政年核心净利將成长15.8%。

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末季表现超预期 亚航X大热走高
財经 最后更新 2018年02月22日 18时51分
末季表现超预期 亚航X大热走高

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(吉隆坡22日讯)亚航X(AAX,5238,主板贸服股)亮眼的2017財政年末季业绩表现,大致超越分析员预期,激励该股在今天大热走高,全天上升1仙或2.47%,至41.5仙,並以1亿7021万股转手量,成为全场最热门股项。

亚航X今日以42.5仙开盘后,一度上探至44仙全天最高,最后收报41.5仙。

亚航X昨天公布的2017財政年末季(截至去年12月31日止)净利按年激增1.2倍,至8441万令吉;营业额也按年增长4.3%,至12亿2047万令吉。同时,全年净利也暴增1.2倍,至9889万令吉;营业额按年增长17%,至45亿6201万令吉。MIDF研究分析员表示,亚航X重组航线重新转向北亚。

「北亚將成为亚航新的盈利来源,因为该地区拥有较高的航空需求。」值得注意的是,亚航X预计在大马和泰国各接收3架飞机,扩充飞机数量將用来支持中国和日本的6到7条新航线。

该分析员相信,中国的航线在短期內可带动盈利增长,主要由该国的航空旅游需求增加推动,这归功于家庭收入增长。该分析员预估亚航X的2018財政年核心净利將成长15.8%。

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此外,马银行投行分析员指出,亚航X 2017年的收益率按年下跌5%,这推高载客率按年增加1%,至80%。由此可见,管理层是通过降价来填机舱座位。

分析员注意到,较长航程的亚航X需要更多的燃油,而该公司对2018上半年的燃油需求仅对冲15%,因此它对燃油价格波动异常敏感。「燃油平均价每桶变动1美元,將导致亚航X 2018和2019財政年的盈利预测,分別减少16%及14%。」

该分析员將2018和2019財政年盈利预测,分別上修10.4%及5.5%,並將目標价调高3%,至38.5仙,以及维持该股「守住」投资评级。

MIDF研究分析员则因为业务前景好转,將亚航X 2018和2019財政年盈利预测,分別调高7.5%及5.5%。同时,保持该股「买进」投资评级,並把目標价上调至46仙。大眾投行分析员则重申「中和」投资评级,目標价为38仙。

至于艾芬黄氏资本分析员,则因较高的营运成本和飞机增加的数量减少,將2019財政年的每股盈利预测下调30%,並维持该股「卖出」投资评级,目標价为32仙。
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