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    CAPITALA   MYL5099OO006

AIRASIA GROUP BERHAD

(CAPITALA)
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End-of-day quote BURSA MALAYSIA  -  2022-07-04
0.6250 MYR   +1.63%
07/05TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : Related Party Transactions
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07/05AIRASIA BERHAD : Announcement On Percentage Of Foreign Shareholding In Capital A As At 30 June 2022
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07/01AirAsia announces the resumption of two routes from Kuala Lumpur to Vietnam; Guests can book their flights on the airasia Super App to Nha Trang, and Da Lat from as low as RM149 one way
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Malaysia's AirAsia eyes air cargo carrier - media

01/21/2022 | 10:12pm EDT
FILE PHOTO: AirAsia planes are seen parked at Kuala Lumpur International Airport 2, during the movement control order due to the outbreak of the coronavirus disease (COVID-19), in Sepang

KUALA LUMPUR (Reuters) - Malaysia's flagship budget airline AirAsia Group Bhd is in early acquisition discussions for air cargo carrier Raya Airways to beef up its logistics business, The Edge Weekly reported on Saturday citing sources.

The business weekly said the airline has approached businessman Ishak Ismail whose family owns Raya Airways, to acquire the carrier, and are in early conversations, according to people familiar with the matter.

AirAsia and Raya Airways did not immediately respond to requests for comment.

AirAsia's logistics unit Teleport said in November it was aiming to expand its fleet of cargo planes and scale up its freight business.

Top executives at Raya Airways were not keen to sell the carrier, however, as they have plans for an initial public offering, the report said.

AirAsia was last week classified as a PN17 firm by Malaysia's stock exchange, a tag given to financially distressed firms. It said it was working on a plan to "regularise its financial condition".

(Reporting by Liz Lee; Editing by Jacqueline Wong)


© Reuters 2022
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Financials
Sales 2022 6 463 M 1 462 M 1 462 M
Net income 2022 -1 566 M -354 M -354 M
Net Debt 2022 14 572 M 3 296 M 3 296 M
P/E ratio 2022 -1,83x
Yield 2022 -
Capitalization 2 601 M 588 M 588 M
EV / Sales 2022 2,66x
EV / Sales 2023 1,50x
Nbr of Employees 14 778
Free-Float 49,5%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 0,63 MYR
Average target price 0,76 MYR
Spread / Average Target 22,0%
EPS Revisions
Managers and Directors
Anthony Francis Fernandes Group CEO & Non-Independent Executive Director
Pattra Boosarawongse Chief Financial Officer
Kamarudin bin Meranun Non-Independent Non-Executive Chairman
Kin Choy Lau Group Head-Information & Communication Technology
Nadzri Hashim Head-Engineering
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