today closed rm1.02.

lowest rm1.

tomorrow below rm1

Today closed at rm1.08. Not bad

Today closed rm1.03, buy rate 22%

I cannot predict next week how aax would perform.

We shall wait & see the performance

Today closed at rm1.03

Today closed unchanged @ 1.03

the principal officer of AAX Mdm. Noraesyah Yvonne Binti Abdullah, bought AAX shares at 0.88 !

My question is, HOW she got that price? Staff got discount kah?

http://www.bursamalaysia.com/market/listed...cements/1397405

Lazy to read the prospectus, so please spoon-feed the information

Today (4/9/13) closed at rm1.04, up 1c

Maybe?

Nice price to enter

not bad

AirAsia X in talks for first Yen loans

AirAsia X Bhd, the long-haul budget carrier owned by AirAsia Bhd, is looking to raise yen-denominated funds for the first time as it prepares to take delivery of seven aircraft next year.

The company is in talks with Japanese institutions to finance one or two aircraft it will add to its fleet next year, Azran Osman-Rani, AirAsia X’s chief executive officer, said in an interview in Seoul. The move is aimed at diversifying the funding to minimize impact from currency volatility, he said.

"Yen is, of course, something we are very interested in," Azran said. "That’s because 15 per cent of our business is in Japan. We have yen receivables."

AirAsia X raised RM988 million in an initial public offering in June to help finance its expansion plan. Some 15 low-fare carriers started flying in the past decade across the Asia-Pacific region, the most profitable market worldwide for at least the fourth consecutive year, according to the International Air Transport Association.

The airline, based at Sepang, Malaysia, paid for three aircraft that were delivered this year in ringgit as it focused on better management of costs, Azran said.

Japanese yen LIBOR

http://www.global-rates.com/interest-rates...panese-yen.aspx

AirAsia X's Thai offshoot plan on course

The creation of a Thai subsidiary airline of the long-haul budget carrier AirAsia X (AAX) is on course for the planned take-off in the first quarter of next year. The establishment of what is tentatively known as AirAsia X Thailand is going through the licensing process at Thailand's Department of Civil Aviation (DCA) and no objection is expected by Tassapon Bijleveld.

Mr Tassapon is the chief executive of Thai AirAsia (TAA), Thailand's largest low-cost carrier, and a stakeholder of the first overseas offshoot of the Malaysia-based AirAsia X Bhd, the long-haul affiliate of Asia's largest no-frills AirAsia group.

He said details of its business plan, including where the airline would initially fly to, have yet to be finalised,
though he confirmed the operation would start with two A330 wide-body aircraft, either brand-new or "fairly" new.

However, reports said AirAsia X Thailand's application to the DCA submitted early this year initially calls for flights from Bangkok to South Korea and Japan, the highly competitive routes with strong demand among Thais.

Mr Tassapon also confirmed that AirAsia X Thailand will be operated out of Bangkok's Don Mueang airport where it will work hand in hand with TAA to create a synergy.

Risks in AirAsia X's growth plan, some new routes may not be profitable

AirAsia X Bhd’s (AAX) aggressive fleet growth plan of seven aircraft each in 2013 and 2014 may pose some risks to the low-cost long-haul airline, according to Maybank Investment Bank Bhd (Maybank IB).

It expressed its concerns that the airline’s high-capacity growth with the taking delivery of 14 aircraft could hinder revenue growth and consume capital.

“There is a risk that some of the new greenfield routes will underperform in their initial start-up period, or worse, don’t work at all. Currently, greenfield routes make up 23% of AAX’s total capacity,” it said in a report released yesterday.

It said the plan represented significant year-on-year capacity growth of 29.8% and 58.4% respectively by its estimate, the highest number of new seats to be deployed in a given year in its history, and implied 15 new flights to be launched per year.

“There are various execution risks, which are low load factor during the initial launch period, inability to secure international route landing rights and impaired aircraft utilisation rates. There is an inherent risk that some routes may not work.

“The ability to recognise underperforming routes and terminate them is an important attribute for a successful airline. AAX has been exceptionally good to implement changes swiftly,” it said.

However, it said the key attraction was also its growth potential, given its aggressive fleet growth plans coupled with a wide geographical catchment area.

“The low-cost long-haul segment is relatively more defensive compared with full service carriers, as more people switch to budget travel during an economic downturn to save cost,” it said.

It has a “buy” call with a target price of RM1.30 on AAX, based on 15 times financial year 2014 price to earnings ratio, and it said this was on the upper band of the typical aviation multiple of between 8 times and 15 times to factor in AAX’s strong growth potential.

Today (17/9/13) closed at rm1.10

AirAsia X agrees to Thai JV

Malaysian long-haul budget carrier AirAsia X Bhd said it had agreed to set up a joint venture in Thailand with the chief of sister company Thai AirAsia and an advisor to the Thai prime minister.

The joint venture, called Thai AirAsia X, marks the first overseas foray by AirAsia X, the long-haul arm of Asia's largest low cost airline by passengers, AirAsia Bhd.

AirAsia X said in a filing to the Malaysian stock exchange late Wednesday that it had reached agreement with Thai AirAsia chief Tassapon Bijleveld and Julpas Kruesopon, a businessman and advisor to Thai Prime Minister Yingluck Shinawatra, to set up the company.

Thai AirAsia X submitted an application for an air operator's licence on June 20 and expected approval to be granted by end of this month.

The company will then apply for an air operator's certificate, AirAsia X said in the filing.

Today (19/9/13) closed at RM1.14, up 6c

Today (20/9/13) closed at RM1.16, up 2c