Business description: AirAsia Group

Capital A Berhad is an investment holding company with a portfolio of synergistic travel and lifestyle businesses. Its segments include Aviation, Teleport, Capital Aviation, Move Digital, and Capital A International and Others. The Aviation segment provides low-cost carrier services through AirAsia. The Teleport segment is an integrated logistics solutions provider. The Capital Aviation segment includes its engineering company Asia Digital Engineering (ADE), ground handling services Ground Team Red (GTR), food services company Santan, consulting business AirAsia Consulting, and its shared services center, DARTS. The Move Digital segment consists of its travel platform MOVE Digital, including its app, AirAsia MOVE and fintech, BigPay. The Capital A International and Others segment includes a global brand management platform specializing in the expansion, management and licensing of the AirAsia and other Asean brands, driven by AirAsia brand co. RedBeat Capital is its venture arm.

Number of employees: 21,063

Sales by Activity: AirAsia Group

Fiscal Period: December 2020 (MYR) 2021 (MYR) 2022 (MYR) 2023 (MYR) 2024 (MYR)

Teleport

- 56Cr 47Cr 73Cr 107.17Cr

Engineering

- 10Cr 29Cr 57Cr 71Cr

Move

- - - 69Cr 56Cr

AirAsia Move

- 15Cr 40Cr - -

Others

- 1.56Cr 34Cr 26Cr 27Cr

Santan

- - - 13Cr 20Cr

Elimination Adjustments

- -102.13Cr -67Cr -143.47Cr -132.96Cr

Brand AA

- - - - 22Cr

Bigpay

- 2.19Cr 3.27Cr 4.59Cr 4.07Cr

Aviation

- 212.36Cr 572.81Cr 1.4TCr -

Air Transportation Services

327.19Cr - - - -

Geographical breakdown of sales: AirAsia Group

Fiscal Period: December 2020 (MYR) 2021 (MYR) 2022 (MYR) 2023 (MYR) 2024 (MYR)

Malaysia

203.55Cr 99Cr 407.77Cr 780.09Cr 964.11Cr

Thailand

184.24Cr - - 240.77Cr 641.97Cr

Indonesia

46Cr 21Cr 117.24Cr 200.78Cr 226.93Cr

Philippines

54Cr 20Cr 84Cr 178.04Cr 167.95Cr

Others

- 43Cr 35Cr 70Cr 32Cr

Unallocated Non Airline

18.79L - - - -

Elimination Adjustments

-20Cr - - - -

Japan

4.56Cr - - - -

India

98Cr - - - -

Executive Committee: AirAsia Group

Manager TitleAgeSince
Chief Executive Officer 62 -
Director of Finance/CFO 54 01/11/2024
Chief Investment Officer 62 -
Corporate Secretary - 29/08/2025
Corporate Officer/Principal 44 01/01/2024

Composition of the Board of Directors: AirAsia Group

Director TitleAgeSince
Chairman 72 16/06/2008
Chairman 65 01/11/2013
Director/Board Member 70 10/09/2007
Director/Board Member 65 08/10/2004
Director/Board Member 62 01/12/2001

Shareholders: AirAsia Group

NameEquities%Valuation
Tune Air Sdn Bhd
11.6 %
51,64,85,082 11.6 % 81 M RM
Tune Live Sdn. Bhd.
11.44 %
50,90,00,000 11.44 % 79 M RM
Positive Boom Ltd.
7.47 %
33,24,98,504 7.47 % 52 M RM
AIA Bhd.
4.171 %
18,56,46,300 4.171 % 29 M RM
Permodalan Nasional Bhd.
2.487 %
11,07,00,000 2.487 % 17 M RM
NameEquities%Valuation
Capital Dynamics Asset Management Sdn. Bhd.
0.7626 %
48,80,366 0.7626 % 489 013 RM

Holdings: AirAsia Group

NameEquities%Valuation
5,23,06,16,671 40.71% 191 M $
4,94,20,13,300 46.25% 27 M $
2,85,36,425 0.85% 15 M $

Company details: AirAsia Group

Capital A Bhd.

RedQ

64000, Kuala Lumpur

+

http://www.capitala.com
address AirAsia Group(5099)

Other Airlines

Change 5d. change 1-year change 3-years change Capi.($)
+1.72%-4.07%-35.16%-15.71% 66Cr
+0.15%+6.83%+13.69%+97.14% 4.86TCr
+0.52%+5.76%+10.52%+139.95% 3.76TCr
-2.73%-5.35%+37.36%+87.49% 3.52TCr
-2.70%+0.81%+23.49%+171.56% 2.8TCr
-0.66%+10.59%+63.83%+11.90% 2.14TCr
-0.07%+5.83%+13.65%+143.19% 2.12TCr
-2.05%+11.85%+37.86%+13.73% 2TCr
-1.10%+15.33%+66.75%+18.35% 1.98TCr
-0.68%-5.89%+86.52%+382.23% 1.87TCr
Average -0.75%+3.01%+31.85%+104.98% 2.51TCr
Weighted average by Cap. -0.93%+5.07%+33.29%+115.18%
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
0.5900MYR
Average target price
0.9036MYR
Spread / Average Target
+53.16%

Annual profits - Rate of surprise