[AIRASIA GROUP BHD：衍生品的公允价值亏损2.701亿令吉，燃油套期保值结算损失1.100亿令吉以及租赁飞机营运产生的额外折旧和租赁负债利息2亿4300万令吉的影响]
RASK增加了2％，达到3.78美分，相应的CASK ex fuel也提高到2.91美分。印度亚航报告的亏损为33.467亿印度卢比，是1Q19亏损的两倍多，这主要归因于额外运营10架飞机的运营费用的增加以及外汇损失15.217亿印度卢比。
在本季度，Teleport录得收入增长49％至1.504亿令吉，因为它已成功完成了集团东盟航空运营公司的货运合并。 Big Pay报告的收入增长了161％，这是因为随着汇款渠道的扩展（包括印度，孟加拉国和尼泊尔），该收入获得了动力。 AirAsia.com推出了新的优惠，促销，航班和酒店捆绑配套，收入增长了118％。
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Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.75 (dividend RM0.04) in 1 year 10 months 24 days, total return is 290.2%
b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM40.92 (adjusted)(dividend RM0.52) in 2 Years 6 days, total return is 241.4%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM4.28 (adjusted)(dividend RM0.055) in 1 Year 1 month 5 days, total return is 159.6%
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e) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.58 (dividend RM0.04) in 2 Years 6 days, total return is 103.8%
f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.94 in 1 year 5 months 16 days, total return is 63.5%
g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.31 (dividend RM0.188) in 1 Year 8 months 29 days, total return is 57.1%
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[AIRASIA GROUP BHD: RM270.1 million of fair value losses on derivatives, loss on settlement of fuel hedges of RM110.0 million and RM243.0 million additional depreciation and lease liabilities interest on operating lease aircraft]
Market conditions deteriorated abruptly in February 2020 as the Covid-19 outbreak started to spread rapidly. Fears of the spread of the virus, as well as travel restrictions and border controls announced by Government of different countries led to a collapsed in demand for air travel in the month of February and March 2020.
The Group’s Loss for the year at RM954.2 million was mainly impacted by RM270.1 million of fair value losses on derivatives, loss on settlement of fuel hedges of RM110.0 million and RM243.0 million additional depreciation and lease liabilities interest on operating lease aircraft as 1Q20 includes the additional sales and leaseback transactions completed in August 2019.
Total Group Revenue for the airline business for 1Q20 contracted by 18% to RM2,161.4 million, from RM2,627.3 million recorded in 1Q19 amid increasing and unprecedented travel restrictions due to the Covid-19 pandemic. Capacity reductions were mainly from Malaysia and Philippines with a reduction of capacity of 17% and 1% respectively as domestic routes and international routes were halted mid-March.
Philippines average fare fell by 9%. Group CASK increased by 36% 4.70 US cents from 3.46 US cents as a result of fuel hedge losses as prices fell on the back of lower demand of oil, higher maintenance and depreciation and lease liabilities interest as higher number of aircraft is on operating lease in 1Q20 as compared to 1Q19. The Airline Group reported a negative EBITDA for 1Q20 at RM28.5 million, compared to a positive EBITDA of RM525.6 million in 1Q19.
The Group’s cashflow reported a net outflow as the current Covid 19 pandemic contributed to the lower demand for flights. The increase in financing activities correspond with the higher number of aircraft that is on sales and leaseback transactions whereby payment of operating lease expenses is reflected under financing activities.
Thai Air Asia Co. Ltd:
Thai AirAsia recorded Total Revenue of THB7,812.6 million in 1Q20, 30% lower than 1Q19 of THB11,155.3 million. Passengers carried reduced by 23% with load factor falling to 84% as compared to 90% in 1Q19 as Thai AirAsia adapted its network and capacity to match travel demand, reducing flight frequencies and cancelling routes to at-risk countries. Thai AirAsia had suspended domestic flights and international flights commencing 1 April 2020 and 22 March 2020 respectively.
Thai AirAsia adopted TFRS16 Leases which was effective 1 January 2020 for Thailand which saw the increase in depreciation and interest costs and a substantial foreign exchange loss of THB2,096.8 million which was attributable to the exchange differences on leases liabilities. Thai AirAsia reported a loss for the period of THB1,223.4 million impacted by the lower revenue and adoption of TFRS16.
AirAsia (India) Limited:
RASK increased by 2% to US Cents 3.78 with the corresponding increase in CASK ex fuel of US Cents 2.91. AirAsia India reported a loss for the period of INR3,346.7 million which is more than doubled the losses in 1Q19 mainly attributable to the increase in operating expenses from operating 10 additional aircraft and foreign exchange loss of INR1,521.7 million.
AirAsia Japan Co. Ltd:
AirAsia Japan recorded a Net loss of JPY1,238.4 million.
During the quarter, Teleport recorded a 49% increase in revenue to RM150.4 million as it had successfully completed its cargo consolidation across the Group’s ASEAN airline operating companies. Big Pay reported a 161% growth in revenue as it gains traction with the expansion of remittance corridors to include India, Bangladesh and Nepal. AirAsia.com revenue is up 118% as it rolls out new offers, promotions, flight and hotel bundle packages.
The Group recorded a Net Loss of RM953.3 million for the quarter under review, against the Net Loss of RM385.4 million in the immediately preceding quarter ended 31 December 2019 mainly due to the impact of Covid 19 pandemic.
AirAsia Group has been severely affected by the global COVID-19 pandemic. AirAsia temporarily hibernated most of its fleet across the network in late March 2020 due to increasing movement restrictions. They forecast that their capacity would be reduced by 50% in 2020.
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