Not in this case, no. Divvy give to shareholders but stock price got slashed accordingly. Net effect is weaken company financial position with no real benefits to shareholders at all, besides the 2 tauke that got the share placement at low price

What was AirAsia traded price the day AirAsia completed the placement?

AirAsia opening price on 27th Jan 2017 was 2.47.
The special privilege placement shares was priced at 1.80.

Better not touch for now 🤭

AA is at 0.67, crazy.

Crazy high.

The Thai government is set to offer 24 billion baht ($769 million) in loans to seven local airlines to help them counter the blow from the coronavirus outbreak as authorities firm up plans to revive tourism by gradually easing travel restrictions.

The seven airlines set to receive financial aid from the government include AirAsia Group Bhd.’s Thai AirAsia and its long-haul unit, Thai AirAsia X, Bangkok Airways Pcl, Nok Airlines, Thai Smile Airways Co. Ltd., Thai Lion Air and Thai Vietjet Air.

https://www.bloomberg.com/asia

Malaysia also have..
but not openly

u think where AA got 1bil injection $$$
mixture of gomen & banks

Actually AirAsia is not bad what other people think as most of it are being still held by the banks mainly CIMB and Maybank in terms of credits that is still due to be payout to customers as most people have locked in the cheap flights in 2019.

On the other hand the AAX is seriously is the one which is draining AA which is now the trouble due to country immigration laws

I’m waiting to see on what next they are willing to do come Dec especially on the change fees as most people will have to travel some sort domestically in Indonesia, Thailand and Malaysia.

The only thing to look for is their hedging against markets especially fuel hedging which is denominated by USD which they will have to write off and the currency exchange is not favourable against them.

Most likely what will happen they will have to probably list their new company called Teleport most likely if the take up from the investment banking is willing to take risk to float it up as penny shares probably as low RM0.15 to raise capital since SK Investment might be will taking up a small stake.

Agree, with current market situation, and RMCO extended to end of the year, better to avoid this counter for now.

This stock until when can I break even? I'm stuck at 1.20. See paper loss every night cannot sleep. 2021? 2022?

if the stock make u sleepless, might as well sell and take the loss but , 2022 sounds possible

Like that also sleepless.
If anyone can answer you that, he/she won't be lurking in lyn

2023 or beyond provided creditors don't pull the plug before hand.

depends on how long the travel ban is gonna be. if next year also cannot travel then gg loh.

don't forget some of the non-current liabilities may turn into current liabilities for the coming FY.

in view of this, there could be more creditors piling up as time goes by.

i'd say, they may die even faster (figuratively).

ak business model is feasible and profitable. unless the gomen wanted to kill it, it will survive. however, they may curtail tf's role.

as much as the feasible and profitable business model is, if the travel ban is still there, it will be directly hitting the airline companies and those tourism related ones.

i wouldn't say the gomen wants to kill it by imposing travel ban, this is more to addressing the current covid 19 issue.

not to forget, travel ban is also affecting MAS which is gomen owned and supported by you too.

in this country, politic is often precede economy. they would rather kill the goose for the golden egg.

mas is a zombie company, incurring less loss while grounded. khazanah is in no hurry to restart mas operation.

Short sellers take aim at AirAsia after stock hits 1-year high

KUALA LUMPUR (BLOOMBERG) – Short sellers are circling AirAsia Group Bhdafter the stock more than doubled from recent lows.

The carrier, once the pioneer of a low-cost flying revolution in Asia, is now the third-most shorted stock by volume in Malaysia, exchange data show. Top Glove Corp remains at the top of short sellers’ list, which includes other glove makers such as Kossan Rubber Industries Bhd and Hartalega Holdings Bhd.

AirAsia shares have jumped amid bets the worst may be over as global vaccine roll-outs boost market hopes for global reopenings. The rally has left the gap between analysts’ 12-month price target for the stock and its current value at the widest in almost three years. Its relative strength index rose to 83 on Monday (March 15), a level signaling overbought conditions.

While a revival in travel “will be exponentially rewarded in airline stocks, in the case of AirAsia there might be some concern around balance sheet,” said Nirgunan Tiruchelvam, head of consumer sector equity research at Tellimer. “Within the cohort of airline stocks, it might be looking a bit vulnerable.”

AirAsia was highlighted a month ago in the online community by Bursabets, a Malaysian version of Reddit’s WallStreetBets forum, with the title ‘Any BULLS wanna fly with AirAsia?’ The stock trades at RM1.23 versus the 12-month price target of 55 sen. It has surged almost 40 per cent so far this year.

Source : https://singaporenewslive.com/short-sellers...stories/150644/

Total short position 1.63%. If shareholders sell it they might not get back that entry levels like 0.53, 0.67... etc