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

- 559M 469M 734M 1.07B

Engineering

- 101M 286M 572M 714M

Move

- - - 685M 557M

AirAsia Move

- 148M 401M - -

Others

- 15.63M 344M 261M 271M

Santan

- - - 134M 196M

Elimination Adjustments

- -1.02B -669M -1.43B -1.33B

Brand AA

- - - - 220M

Bigpay

- 21.9M 32.71M 45.92M 40.7M

Aviation

- 2.12B 5.73B 14B -

Air Transportation Services

3.27B - - - -

Geographical breakdown of sales: AirAsia Group

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

Malaysia

2.04B 993M 4.08B 7.8B 9.64B

Thailand

1.84B - - 2.41B 6.42B

Indonesia

461M 212M 1.17B 2.01B 2.27B

Philippines

538M 196M 836M 1.78B 1.68B

Others

- 434M 351M 696M 315M

Unallocated Non Airline

1.88M - - - -

Elimination Adjustments

-196M - - - -

Japan

45.64M - - - -

India

982M - - - -

Executive Committee: AirAsia Group

Manager TitleAgeSince
Chief Executive Officer 62 -
Director of Finance/CFO 54 31/10/2024
Chief Investment Officer 62 -
Corporate Secretary - 28/08/2025
Corporate Officer/Principal 44 31/12/2023

Composition of the Board of Directors: AirAsia Group

Director TitleAgeSince
Chairman 72 15/06/2008
Chairman 65 31/10/2013
Director/Board Member 70 09/09/2007
Director/Board Member 65 07/10/2004
Director/Board Member 62 30/11/2001

Shareholders: AirAsia Group

NameEquities%Valuation
Tune Air Sdn Bhd
11.6 %
516,485,082 11.6 % 81 M RM
Tune Live Sdn. Bhd.
11.44 %
509,000,000 11.44 % 79 M RM
Positive Boom Ltd.
7.47 %
332,498,504 7.47 % 52 M RM
AIA Bhd.
4.171 %
185,646,300 4.171 % 29 M RM
Permodalan Nasional Bhd.
2.487 %
110,700,000 2.487 % 17 M RM
NameEquities%Valuation
Capital Dynamics Asset Management Sdn. Bhd.
0.7626 %
4,880,366 0.7626 % 489 013 RM

Holdings: AirAsia Group

NameEquities%Valuation
5,230,616,671 40.71% 191 M $
4,942,013,300 46.25% 27 M $
28,536,425 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.($)
-6.98%-23.08%-51.52%-51.22% 487M
-3.75%-10.18%+10.75%+48.53% 38.33B
+1.00%-4.49%+28.45%+70.40% 31.89B
-3.52%-13.39%+11.09%+69.68% 29.78B
-2.39%-14.26%+14.10%+135.82% 22.21B
-4.47%-7.14%-9.29%+124.83% 18.53B
-3.22%-11.35%+6.94%-21.05% 17.67B
-3.01%-5.70%-6.11%+11.59% 16.4B
+1.07%-9.67%+10.13%-16.81% 15.87B
+0.59%-10.65%+32.64%-6.74% 15.56B
Average -2.51%-10.92%+4.72%+36.50% 20.67B
Weighted average by Cap. -2.14%-9.58%+11.88%+52.88%
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
0.4300MYR
Average target price
0.6349MYR
Spread / Average Target
+47.65%

Annual profits - Rate of surprise

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