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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  SK Holdings Co., Ltd    A034730   KR7034730002

SK HOLDINGS CO., LTD

(A034730)
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Malaysia's AirAsia considers fundraising, JV options to ride out pandemic

06/04/2020 | 08:54am EST
FILE PHOTO: An AirAsia Airbus A320 prepares to land at Noi Bai international airport in Hanoi

Malaysia's flagship budget carrier AirAsia Group is evaluating proposals for raising capital to strengthen its equity base and liquidity, the company said in a statement Thursday.

AirAsia said it has been presented with proposals from investment bankers, lenders and potential investors to help the airline "weather the storm" caused by the new coronavirus pandemic.

It also has ongoing deliberations with a number of parties for joint-ventures and collaborations that may result in additional investments in specific segments of the group's business, it said in the bourse filing.

The airline said it may soon reach a decision on the proposals and amount to be raised.

"Any decision made will take into account the Company's business needs and the interests of the Company, its shareholders and other stakeholders," it said.

The airline made the statement in response to a report by local newspaper The Star citing sources saying AirAsia was in talks to sell a 10% stake to South Korea's SK Holdings through a private placement.

SK Holdings, the third largest Korean conglomerate with businesses spanning memory chips to energy, and AirAsia have been locked in negotiations for the past few months and SK sees a stake purchase as an opportunistic acquisition, said one source aware of the matter.

The source said AirAsia had been pitching to get an investor outside the aviation sector.

AirAsia chief Tony Fernandes said in April that the airline was seeking a government loan as the industry began to take a hit from the virus outbreak.

(Reporting by Liz Lee in Kuala Lumpur and Anshuman Daga in Singapore; Editing by Elaine Hardcastle)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AIRASIA GROUP 1.32% 0.765 End-of-day quote.-13.56%
AIRASIA X 0.00% 0.07 End-of-day quote.-6.67%
AT HOME GROUP INC. -0.51% 23.27 Delayed Quote.51.49%
BASE CO., LTD. -2.51% 5830 End-of-day quote.-5.20%
BASE,INC. 1.10% 10110 End-of-day quote.3.59%
LETS HOLDINGS GROUP CO., LTD. 1.58% 7.72 End-of-day quote.-0.77%
LOOK HOLDINGS INCORPORATED -1.07% 921 End-of-day quote.-3.76%
SK HOLDINGS CO., LTD -1.14% 302500 End-of-day quote.25.78%
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More news
Financials
Sales 2020 84 847 B 77,0 B 77,0 B
Net income 2020 426 B 0,39 B 0,39 B
Net Debt 2020 38 779 B 35,2 B 35,2 B
P/E ratio 2020 49,8x
Yield 2020 1,87%
Capitalization 15 822 B 14 423 M 14 351 M
EV / Sales 2020 187x
EV / Sales 2021 175x
Nbr of Employees 4 264
Free-Float 44,8%
Chart SK HOLDINGS CO., LTD
Duration : Period :
SK Holdings Co., Ltd Technical Analysis Chart | A034730 | KR7034730002 | MarketScreener
Technical analysis trends SK HOLDINGS CO., LTD
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 333 200,00 KRW
Last Close Price 302 500,00 KRW
Spread / Highest target 48,8%
Spread / Average Target 10,1%
Spread / Lowest Target -12,4%
EPS Revisions
Managers and Directors
NameTitle
Tae-Won Chey Chairman & Co-Chief Executive Officer
Dong-Hyun Jang President, Co-Chief Executive Officer & Director
Jung-Ho Park Co-President & Co-Chief Executive Officer
Jae-Ho Yeom Chairman
Eui-Dong Jang Executive Board Member & Head-Finance
Sector and Competitors
1st jan.Capitalization (M$)
SK HOLDINGS CO., LTD25.78%14 590
EXXON MOBIL CORPORATION22.05%212 722
RELIANCE INDUSTRIES LTD-1.24%170 265
BP PLC21.37%85 581
CHINA PETROLEUM & CHEMICAL CORPORATION13.83%75 429
NESTE OYJ5.24%58 066