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According to The Edge Malaysia, Saudi's sovereign wealth fund PIF is tipped to be the one to invest RM1b in AirAsia Aviation Group (The newly formed group post acquisition by AAX) via private placement
Why? Genuinely curious, aviation core net profit is at RM246m excluding forex and one-off expenses pertaining to the disposal. Non-aviation recorded a RM127m net profit. Guidance is pretty rosy as well for FY25 and disposal is expected to happen between April & May, PN17 upliftment between May & June depending on whether Bursa allows Capital A to use Q4 FY24 & Q1 FY25 results.
Seems like plenty of people here reacted just by looking at RM1.57b net loss lol, I am actually pretty happy with the results especially non-aviation side
Results are actually good especially on the non-aviation side with a net profit of RM246m, even on the aviation side they posted a core profit of RM126m of course this is excluding forex losses and other one-off expenses. The guidance provided is pretty good as well. I guess the average person is only looking at the net losses of RM1.57b without going into detail
I don't really like how they are delaying the release of the quarterly earnings, generally it is a bad sign if they release it at the last minute but I hope to be proven wrong
Looks like management over promised? They should have only listed the date if they are very sure that they will release it today otherwise it is embarrassing
To some of the commenters here, it is always a good idea to check Bursa announcements for updates if you are invested in a stock, both comments regarding the quarterly results and PN17 have already been addressed, heck it is literally under recent announcements on this very page. If you can type your comment, you can easily use that time to click on "CAPITAL A BERHAD ("CAPITAL A" OR "THE COMPANY") PRESS RELEASE:- CAPITAL A TO ISSUE INTERNAL TARGETS FOR ENHANCED TRANPARENCY AND INVESTOR CONFIDENCE" instead
They literally announced on Bursa announcements when they will release it, their IR website and it was posted on multiple news outlets, go look it up yourself I am not going to spoon-feed you the details
