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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  AirAsia Group    AIRASIA   MYL5099OO006

AIRASIA GROUP

(AIRASIA)
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AirAsia : CLARIFICATION IN RELATION TO THE ARTICLE APPEARING ON THE EDGE MALAYSIA ON 30 NOVEMBER 2020 ENTITLED "AIRASIA OUTLINES REVIVAL PLAN FOR LCCS IN INDOCHINA"

11/30/2020 | 08:47pm EST
BackNov 30, 2020
Type Announcement
Subject OTHERS
Description

AIRASIA GROUP BERHAD ('AAGB' OR THE 'COMPANY') CLARIFICATION IN RELATION TO THE ARTICLE APPEARING ON THE EDGE MALAYSIA ON 30 NOVEMBER 2020 ENTITLED 'AIRASIA OUTLINES REVIVAL PLAN FOR LCCS IN INDOCHINA'

We refer to the article published in The Edge Malaysia today, 30 November 2020, regarding the Company's plans to raise between RM2 billion and RM2.5 billion in funding, specifically on the statement: 'Around RM1 billion of this was already reported as soft loans from the government'.

The Board of Directors of the Company wishes to clarify that as mentioned in AAGB's 3Q2020 Earnings Press Release and 3Q2020 Earnings Deck available on AAGB's Investor Relations website, we are in the midst of securing commitments from the banks for the Danajamin Prihatin Guarantee Scheme (DPGS) in Malaysia and other bank financing in other markets.

We have communicated that we are raising up to RM2 billion to RM2.5 billion in total from debt and equity. We wish to clarify that we have never expressly or indirectly claimed to have obtained soft loans of around RM1 billion from the Government.

This announcement is dated 30 November 2020.

Announcement Info
Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 30 Nov 2020
Category General Announcement for PLC
Reference Number GA1-30112020-00090

Disclaimer

AirAsia Group Berhad published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 01:46:03 UTC


© Publicnow 2020
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Sales 2020 3 464 M 856 M 856 M
Net income 2020 -3 238 M -800 M -800 M
Net Debt 2020 11 520 M 2 846 M 2 846 M
P/E ratio 2020 -0,77x
Yield 2020 -
Capitalization 2 490 M 615 M 615 M
EV / Sales 2020 4,04x
EV / Sales 2021 1,71x
Nbr of Employees 21 059
Free-Float 59,1%
Chart AIRASIA GROUP
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AirAsia Group Technical Analysis Chart | AIRASIA | MYL5099OO006 | MarketScreener
Technical analysis trends AIRASIA GROUP
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TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus SELL
Number of Analysts 19
Average target price 0,50 MYR
Last Close Price 0,75 MYR
Spread / Highest target 40,9%
Spread / Average Target -33,5%
Spread / Lowest Target -85,2%
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NameTitle
Tharumalingam Kanagalingam Chief Executive Officer
Adrian Jenkins Chief Operating Officer
Pattra Boosarawongse Group Chief Financial Officer
Kin Choy Lau Group Head-Information & Communication Technology
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