DOCSLIB.ORG

Circular to Shareholders Dated 30 April 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Circular to Shareholders Dated 30 April 2018 THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, THISsolicitor, CIRCULAR accountant IS IMPORTANT or other independent AND REQUIRES professional YOUR advisers IMMEDIATE immediate ATTENTION.ly. If you are in any doubt as to the course of action to be taken, you should consult your stockbroker, bank manager, THISBursa CIRCULAR Malaysia Securities IS IMPORTANT Berhad AND (“Bursa REQUIRES Securities YOUR”) has IMMEDIATE only perused ATTENTION. through this Circular in respect of the solicitor,new shareholder’ accountant mandateor other independent for additional professional Recurrent advisers Related immediate Party Transactionsly. on a limited review basis IfTHISpursuant you CIRCULARare in to any the doubtprovisions IS IMPORTANT as to ofthe Practic course ANDe ofNote REQUIRES action 18 toof bethe YOUR taken, Main IMMEDIATE Marketyou should Listing consult ATTENTION. Requirements. your stockbroker, Bursa Securitiesbank manager, takes Bursa Malaysia Securities Berhad (“Bursa Securities”) has only perused through this Circular in respect of the solicitor,no responsibility accountant for or the other contents independent of this professionalCircular, makes advisers no representation immediately. as to its accuracy or completeness THISTHISnewIfTHIS you CIRCULAR CIRCULAR shareholder’ CIRCULARare in any IS ISdoubt IMPORTANT IS mandateIMPORTANT IMPORTANT as to thefor courseAND additionalAND AND REQUIRES REQUIRESof REQUIRES action Recurrent to YOUR beYOUR YOUR taken, Related IMMEDIATE IMMEDIATE IMMEDIATE you Partyshould ATTENTION. TransactionsATTENTION. consult ATTENTION. your stockbroker,on a limited bank review manager, basis and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the pursuantBursasolicitor, Malaysia accountant to the provisionsSecurities or other ofBerhad independent Practic (“eBursa Note professional Securities18 of the Main advisers”) has Market only immediate perused Listing ly.Requirements. through this Circular Bursa inSecurities respect oftakes the If Ifyou Ifyouwhole you are are are in orin any in any any doubt partdoubt doubt ofas as the toas to the contentsto the the course course course of of thisof actionof action Circular.action to to beto be betaken, taken, taken, you you you should should should consult consult consult your your your stockbroker, stockbroker, stockbroker, bank bank bank manager, manager, manager, nonew responsibility shareholder’ for mandate the contents for additional of this Circular, Recurrent makes Related no representation Party Transactions as to its onaccuracy a limited or completenessreview basis solicitor,solicitor,Bursasolicitor, accountant Malaysiaaccountant accountant Securities or or otheror other other independent independentBerhad independent (“Bursa professional professional professional Securities advisers advisers advisers”) has immediate onlyimmediate immediate perusedly.ly. ly. through this Circular in respect of the andnewpursuant expresslyshareholder’ to the disclaims provisions mandate any of for Practicliability additionale whatsoeverNote 18Recurrent of thefor Mainany Related lossMarket howsoeveParty Listing Transactions rRequirements. arising from on or aBursa limitedin reliance Securities review upon basistakes the BursaBursawholenoBursa responsibilityMalaysia Malaysia orMalaysia any Securitiespart Securities Securities for of the Berhadcontents Berhad Berhad (“ (“Bursaofof Bursa(“ thisBursathis Circular.SecuritiesCircular, Securities Securities makes”)”) has ”)has has noonly only representationonly perused perused perused through through through as tothis thisits this Circular accuracyCircular Circular in in or respectin respect completenessrespect of of theof the the newpursuant shareholder’ to the provisionsmandate for of Practicadditionale Note Recurrent 18 of the Related Main Market Party Listing Transactions Requirements. on a limited Bursa Securitiesreview basis takes newnoandnew responsibilityshareholder’ expresslyshareholder’ disclaims formandate mandate the contents any for for liability additional additional of this whatsoever Circular, Recurrent Recurrent makesfor Relatedany Related noloss representation Party howsoeveParty Transactions Transactionsr arising as to itsfromon onaccuracy a oralimited limitedin reliance or review completenessreview upon basis basis the pursuantpursuantwholepursuant toor to theanyto the the provisions partprovisions provisions of the ofcontents of Practicof Practic Practic eof eNote thiseNote Note Circular.18 18 18of of theof the the Main Main Main Market Market Market Listing Listing Listing Requirements. Requirements. Requirements. Bursa Bursa Bursa Securities Securities Securities takes takes takes no andresponsibility expressly for disclaims the contents any liability of this whatsoeverCircular, makes for any no representationloss howsoeve asr arising to its accuracyfrom or in or reliance completeness upon the nowholeno responsibility responsibility or any part for for of the the contents contents of ofof this thisthis Circular, Circular.Circular, makes makes no no representation representation as as to to its its accuracy accuracy or or completeness completeness andandand expressly expressly expressly disclaims disclaims disclaims any any any liability liability liability whatsoever whatsoever whatsoever for for forany any any loss loss loss howsoeve howsoeve howsoever rarising arisingr arising from from from or or inor in reliancein reliance reliance upon upon upon the the the wholewholewhole or or anyor any any part part part of of theof the the contents contents contents of of thisof this this Circular. Circular. Circular. AIRASIA X BERHAD (Company No. 734161-K) (IncorporatedAIRASIA in Malaysia Xunder BERHAD the Companies Act, 1965) (Company No. 734161-K) (IncorporatedCIRCULARAIRASIA in Malaysia TO under X SHAREHOLDERS BERHAD the Companies Act, 1965) (Company No. 734161-K) (IncorporatedAIRASIA in Malaysia under X BERHAD the Companies Act, 1965) CIRCULAR(Company TO No.SHAREHOLDERS 734161-K) (IncorporatedAIRASIAAIRASIAAIRASIA in MalaysiaIN RELATION X Xunder XBERHAD BERHAD BERHAD the Companies TO Act, 1965) (Company(Company(Company No. No. No. 734161-K) 734161-K) 734161-K) (Incorporated(Incorporated(IncorporatedCIRCULAR in in Malaysia inMalaysia Malaysia TOunder under under SHAREHOLDERS the the theCompanies Companies Companies Act, Act, Act, 1965 1965 1965) ) ) IN RELATION TO PROPOSED RENEWALCIRCULAR OF EXISTING TO SHAREHOLDERS SHAREHOLDERS ’ MANDATE AND NEW SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS CIRCULARCIRCULARCIRCULARIN TO TORELATION TO SHAREHOLDERS SHAREHOLDERS SHAREHOLDERS TO PROPOSEDOF A REVENUE RENEWAL OR TRADING OF EXISTING NATURE (“SHAREHOLDERSPROPOSED MANDATE”)’ MANDATE AND NEW IN RELATION TO SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OFPROPOSED A REVENUE RENEWAL OR TRADING OF IN INNATUREEXISTING INRELATION RELATION RELATION (“ PROPOSEDSHAREHOLDERS TO TO TO MANDATE”)’ MANDATE AND NEW PROPOSEDSHAREHOLDERS’ RENEWAL MANDAT OFE FOREXISTING RECURRENT SHAREHOLDERS RELATED’ PARTYMANDATE TRANSACTIONS AND NEW The ProposedSHAREHOLDERS’OF A MandateREVENUEwill ORbe MANDATtabled TRADINGas SpecialE FORNATURE Business RECURRENT (“PROPOSEDat AirAsia RELATED X MANDATE”)Berhad’s PARTY Thirteenth TRANSACTIONSAnnual General Meeting PROPOSEDPROPOSEDPROPOSED RENEWAL RENEWALRENEWAL OF OFOF EXISTING EXISTINGEXISTING SHAREHOLDERS SHAREHOLDERSSHAREHOLDERS’ ’ MANDATE’ MANDATEMANDATE AND ANDAND NEW NEWNEW (“AGM”) whichOF A willREVENUE be held at OR c/o TRADING CAE Kuala NATURE Lumpur Sdn. (“PROPOSED Bhd., Lot PT25B, MANDATE”) Jalan KLIA S5, Southern Support Zone, Kuala SHAREHOLDERS’LumpurSHAREHOLDERS’ International Airport,MANDAT MANDAT 64000EEFOR Sepang,FOR RECURRENT RECURRENT Selangor Darul RELATED RELATED Ehsan, Malaysia PARTY PARTYon TRANSACTIONS TRANSACTIONSWednesday, 26 June 2019 at The ProposedSHAREHOLDERS’ Mandate will be tabledMANDATas SpecialE FOR Business RECURRENTat AirAsia RELATED X Berhad’s PARTY Thirteenth TRANSACTIONSAnnual General Meeting 10.00 OFa.m A. The REVENUE Notice of OR the TRADINGThirteenth ANATUREGM together (“PROPOSED with the Form MANDATE”) of Proxy are set out in the Annual Report of (“AGM”) OFwhichOF A A REVENUEwill REVENUE be held atOR OR c/o TRADING TRADINGCAE Kuala NATURE LumpurNATURESdn. (“ (“PROPOSED PROPOSEDBhd., Lot PT25B, MANDATE”) MANDATE”) Jalan KLIA S5, Southern Support Zone, AirAsia X Berhad for the year ended 31 December 2018. KualaThe Proposed Lumpur InternationalMandate will Airport,be tabled 64000as Special Sepang, Business Selangorat Darul AirAsia Ehsan, X Berhad’s Malaysia Thirteenthon Wednesday,Annual Gen26 Juneeral Meeting2019 at 10.00The(“YouAGM Proposed area.m”) whichentitled. The Mandatewill Notice to be attend heldofwill the andat be c/oThirteenth votetabled CAE at asourKuala ASpecial AGMGM Lumpurtogether or Business appointSdn. with proxyBhd.at the AirAsia, (ies)LotForm PT25B, toX ofvoteBerhad’s Proxy forJalan andare Thirteenth KLIA onset your S5,out Annualbehalf.inSouthern the AnnualInGen Supportsucheral Reportev Meeting ent,Zone, theof AirAsia X Berhad for the year ended 31 December 2018. (“KualaFormAGM Lumpur”)of which Proxy Internationalwill should be held be lodgedatAirport, c/o CAE at64000 our Kuala registeredSepang, Lumpur Selangor officeSdn. atBhd. DarulUnit, Lot 30Ehsan, -PT25B,01, Level Malaysia Jalan 30, KLIAToweron Wednesday, S5, A, Southern
Load more

Recommended publications
  • This Is Women's Work
    MACHINE MEXICO READY TO FLAT OUT IN REINVENTING WORLD MAKE WAVES BONNEVILLE THE WHEEL Your car is now a better Carlos Slim Domit on The FIA’s Land Speed How Malaysia’s Tony driver than you, so is it putting the heat back Commission hits the home Fernandes plans to change time to hand over the keys? into Formula One of record attempts motoring in Asia INThe international magazineMOTION of the FIA THIS IS WOMEN’S WORK F1 team boss MONISHA KALTENBORN on why modern motor sport no longer has time for sexism PLUS TAXIS RANKED Cab standards under the microscope LATIN LESSONS How Jean Todt’s tour of the Americas raised road safety awareness SHE IS THE LAW Meet F1’s only female race steward STOP UP TO 3 METRES SHORTER WITH MICHELIN ENERGY™ SAVER TYRES.* INSIDE Dear Friends, → INFOCUS 02 Women in motor sport: the general consensus, The latest developments in mobility and motorsport as well as news at least among men, has long been that they were from across the FIA’s worldwide network of clubs not suited to racing, maybe in some predisposed way, ie not strong, or tough enough, to compete with the ‘boys’. Our cover story is a loud and clear refutation of this stereotype. → INSIGHT 14 Through the Women in Motor Sport We report on FIA President Jean Todt’s journey Commission, the FIA is clear in its intent that 12 Latin Lessons through Latin America and how his travels have advanced the cause motor sport is open to all. The women featured in of road safety awareness in the region.
    [Show full text]
  • Tune Insurance Hotel Guest Cover Especially for Tune Hotels Guests in Malaysia
    NEWS RELEASE AFFORDABLE INSURANCE COVERAGE FOR AFFORDABLE HOTEL STAYS Tune Insurance Hotel Guest Cover especially for Tune Hotels guests in Malaysia Guests staying at Tune Hotels in Malaysia can now enjoy insurance protection from only RM2.50 per person provided by Tune Insurance Malaysia Berhad. The Tune Insurance Hotel Guest Cover, exclusively designed for Tune Hotels’ guests, focuses on guest compensation and offers not only reimbursement for cancellations of room bookings but also covers death, serious illness or injuries during the course of their stay at Tune Hotels. For a minimal premium of RM2.50 per guest, it offers a Personal Accident coverage of RM25,000 and room cancellations benefits up to a maximum of RM200 per night and subject to a maximum of RM2,000 for the whole stay. The product is currently available for stays at Tune Hotels in Malaysia only and will be extended to other countries soon. The Tune Insurance Hotel Guest Cover can be purchased as an add-on when guests make their bookings online at www.tunehotels.com or via telephone at 1300-88-8863. The room cancellation benefit is a practical coverage for Tune Hotel guests who may have to cancel their room reservation due to insured incidents such as flight delays and flight cancellation. The Accidental Death and Permanent Disablement coverage provides reimbursement for any bodily injury and serious illness that requires hospitalization during their stay at Tune Hotels. “We want a product that is inexpensive, relevant and easy to purchase”, said Peter Miller CEO of Tune Ins Holdings Bhd. “By combining our ideas with similar products sold in other regions, we believe that we have developed a very affordable product that eliminates or reduces the financial loss a guest would have to bear having to cancel a room through no fault of theirs and thus going some way to reducing their frustration”, said Peter Miller.
    [Show full text]
  • Malaysia Vision 2020 Fintech Forum 2017
    MALAYSIA VISION 2020 FUTURE FINTECH FORUM “Technologies, Practices and Strategies Shaping Future of Financial Technologies” 2 November 2017 | Seri Pacific Hotel, Kuala Lumpur Endorsers Media Partners www.asli.com.my www.asli.com.my MALAYSIA VISION 2020 FUTURE FINTECH FORUM “Technologies, Practices and Strategies Shaping Future of Financial Technologies” A one day Forum on Future Fintech practices will be held on 2nd November 2017. The forum will bring together the senior leadership of financial institutions, NBFI and finance IT executives, policy makers and regulators, and other major technology stakeholders of finance background. The forum delegates will discuss, among other issues, latest developments in fintech world and creating a business value through innovations in financial services. This gathering of committed stakeholders also offers a distinctive opportunity to deliberate on making financial technologies as one of the most critical tools for creating the “Corporate Malaysia World We Want”. In addition to presenting a big picture view of the 21st century financial services and offering actionable items to the participating delegates, the upcoming forum aims to build partnerships and forge strategic alliances in this forum of national importance. This multi-stakeholder forum provides an excellent opportunity to network with the senior members of financial community, multilateral agencies, government institutions and other stakeholders majority of them from Malaysia while few from ASEAN region as well. WHO SHOULD ATTEND CIOs’,
    [Show full text]
  • Annual Report 2019 Cover Rationale
    AirAsia X Berhad (200601014410) (734161-K) ANNUAL REPORT 2019 COVER RATIONALE Staying Resilient. Staying Focused. The COVID-19 pandemic has had an unprecedented impact on the aviation industry, with the airline sector facing one of the greatest challenges in its history. At AirAsia X, we have taken steps to keep in touch and communicate with our guests regularly, ensuring they are kept updated and know that we are doing everything we can to keep things safe and healthy. We remain steadfast and agile during this period of uncertainty, and will continue to act nimbly in responding to evolving market conditions. This includes thinking about what will be needed in the new normal, as well as any necessary modifications to our in-flight products and end-to-end service delivery to provide additional health and safety assurances to our guests and crew. Our global footprint, our talented and committed Allstars, our strong and trusted brand and our loyal customer base, will enable us to be competitive in the post- COVID-19 landscape. All of this gives us the confidence that we can ride on the recovery from a position of strength by staying resilient and staying focused. VISION MISSION To be the largest low cost airline in 1 To be the best company to work for whereby employees are treated Asia and serving the 3 billion people as part of a big family who are currently underserved with poor connectivity and high fares. 2 Create a globally recognised ASEAN brand 3 To attain the lowest cost so that everyone can fly with AirAsia 4 Maintain the highest quality product, embracing technology to reduce cost and enhance service levels VALUES Dare to Dream People First Make it Happen Be Guest-Obsessed Progress comes from Care for our people, Learn fast and deliver Understand deeply what innovation.
    [Show full text]
  • Dato' Fam Lee Ee
    55 AIRASIA BERHAD Annual Report 2015 Dato’ Fam Lee Ee, Malaysian, aged 55, was appointed an Independent Non-Executive Director of the Company on 8 October 2004. He was re-designated as Senior Independent Non-Executive Director on 20 August 2014. He is a member of the Audit Committee and Chairman of the Nomination and Remuneration Committee of the Board. He received his BA (Hons) from the University of Malaya in 1986 and LLB (Hons) from the University of Liverpool, England in 1989. Upon obtaining his Certificate of Legal Practice in 1990, he has been practising law since 1991 and is currently a senior partner at Messrs YF Chun, Fam & Yeo. Dato’ Fam used to sit on the Board of Trustees of Yayasan PEJATI from 1996 to 2007. Since 2001, he has served as a legal advisor to the Chinese Guilds and Association and charitable organisations such as Yayasan SSL Haemodialysis Centre in PJ. Dato’ Fam is also a Non-Independent Non-Executive Director of AirAsia X Berhad. dato’ fam lee ee Senior Independent Non-Executive Director Malaysian Leadership 55 AIRASIA BERHAD Annual Report 2015 DATO’ ABDEL AZIZ@@ABDUL AZIZ BIN ABU BAKAR Non-Independent Non-Executive Director Malaysian Dato’ Abdel Aziz @ Abdul Aziz Bin Abu Bakar, Malaysian, aged 62, was appointed a Non-Executive Director of the Company on 20 April 2005. On 16 June 2008, he was re-designated as Non-Executive Chairman and, subsequently, as a Non-Independent Non-Executive Director in November 2013. He is also a member of the Audit Committee and Nomination and Remuneration Committee.
    [Show full text]
  • Press Release MALAYSIAN AIRLINE SYSTEM BERHAD, AIRASIA BERHAD and AIRASIA X SDN BHD ENTER INTO COMPREHENSIVE COLLABORATION FRAM
    Press Release MALAYSIAN AIRLINE SYSTEM BERHAD, AIRASIA BERHAD AND AIRASIA X SDN BHD ENTER INTO COMPREHENSIVE COLLABORATION FRAMEWORK TO LEVERAGE ON RESPECTIVE CORE STRENGTHS Kuala Lumpur, 9 August 2011 Malaysian Airline System Berhad (“MAS”), AirAsia Berhad and AirAsia X Sdn Bhd today entered into a Comprehensive Collaboration Framework (“CCF”) which includes a Collaboration Agreement to explore opportunities to co-operate on a broad range of areas. Under the CCF, all parties will strive to complement each other’s businesses so as to leverage on their respective core competencies and optimise efficiency for the benefit of consumers. To strengthen the collaboration and to establish a mutuality of interest, MAS and AirAsia are issuing free warrants to each other’s shareholders. Independent advisers will be appointed to advise minority shareholders on the proposed warrants. A MAS shareholder will be granted approximately one warrant in AirAsia for every 30 MAS shares held. An AirAsia shareholder will be granted approximately one MAS warrant for every 10 AirAsia shares held. In addition, Tune Air Sdn Bhd (“Tune Air”) and Khazanah Nasional Berhad (“Khazanah”), the major shareholders of AirAsia and MAS respectively, have agreed to acquire from each other existing shares of both companies. As a result, Tune will hold 20.5% of shares in MAS and Khazanah will hold 10% of shares in AirAsia. Khazanah will continue to be the single largest and major shareholder of MAS, the national flag carrier. In addition, Khazanah proposes to acquire 10% of shares in AirAsia X on terms and at a price to be mutually agreed later. Broadly, the Collaboration Agreement enables MAS, AirAsia and AirAsia X to respectively focus on business segments in which they are capable of developing the most value.
    [Show full text]
  • AAX - Annual Report 2018 (Part 2).Pdf
    The Digital Airline GCEO’S Statement DEAR VALUED SHAREHOLDERS, It is an honour and privilege to present this statement as Group CEO of AirAsia X, a position to which I was appointed at the beginning of November 2018. An honour because in assuming my position I am stepping into the shoes of not just one but two great Asean aviation leaders – Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, who founded AirAsia X and were co-Group CEOs before me. And a privilege because AirAsia X is the pioneering long-haul low-cost airline in the region, stimulating demand where previously there was none, winning countless awards as we make millions of exciting travel dreams come true. hen Tony and Kamarudin set up AirAsia X 11 years ago, many said the airline would never take off. A low-cost carrier for short-haul flights – yes. But, low-cost for long haul – it has never been done before! Yet AirAsia X has proven the Wsceptics wrong. It took a few years to fine-tune our model; however, in 2016, we finally did it – we achieved our first full-year of profit. We repeated the feat in 2017, demonstrating it was not just a one-off. In 2018, unfortunately, we experienced a setback. But this was mainly due to factors beyond our control, such as the 28% increase in fuel cost, currency volatility, natural disasters in the markets we serve, and general elections in Malaysia, which is our home base and where most of our routes originate. Despite these challenges, 2018 marked a year of growth.
    [Show full text]
  • Red Planet Cleared for Takeoff
    Published on Hotel Analyst Emerging Markets (http://www.ha-em.com) Red Planet cleared for takeoff When Tim Hansing and Ken Kerr were combing Asia buying and selling assets for their employer, Saudi Prince Alwaleed’s Kingdom Hotel Investments (KPI), the pair was struck by the thought that the budget hotel sector had even greater potential than the luxury end of the market. It was at a time when budget airlines, most notably AirAsia, were opening up new opportunities for first time travellers across the economically virile Asean region. Hansing and Kerr, two of the four founders of Red Planet Hotels, decided that they could replicate what they were doing in the luxury sector by launching their own investment company focusing on the limited service sector. “We came across Tune Hotels 18 months ago. We liked what they were doing and we approached them, “There was no-one in that ultra budget, good quality - US$30 a night space - in Asia,” Hansing says.“An d because there are not a lot of Tune Hotels at the moment, the deal gave us the opportunity to deploy a lot of capital and achieve scale quickly.” Lansing says another attraction of teaming up with Tune was the importance it gave them within the partnership. “If we went to Accor to invest in Ibis hotels we wouldn’t even be on the map with them. With Tune we get attention.” Bangkok-based Red Planet, formed in 2010 as a privately owned company with 12 shareholders based, has moved quickly to grow Tune Hotels, which is part of the Tune Group, the private investment group of Tony Fernandes, founder and group CEO of low-cost airline AirAsia.
    [Show full text]
  • Tune Insurance
    3131 MarchMarch 20142014 Produced by: KAF-Seagroatt & Campbell Securities Sdn Bhd Distributed by: Jefferies Group LLC Tune Insurance Buy Tune in, sit back and enjoy the ride Price We like Tune Ins for its highly profitable online travel insurance business, riding RM1.94 on the fast expansion of AirAsia Group. In addition, we see upside potential from Target price the rationalisation of its newly acquired general insurance business. As such, we RM2.31 initiate coverage with a Buy recommendation at RM2.31. Market data Financial Highlights Bloomberg code CIMBTIH MK FYE Dec (RMm) FY12 FY13E FY14F FY15F FY16F No. of shares (m) 751.8 Gross premiums 215 368 429 488 558 Market cap (RMm) 1,458.4 Net earned premiums 158 241 284 327 377 52-week high/low (RM) 2.17 / 1.38 Operating profit 68 79 97 112 128 Avg daily turnover (RMm) 1.4 Pre-tax profit 58 77 95 110 127 KLCI (pts) 1,850.73 Net profit 41 68 81 94 109 Source: Bloomberg EPS (sen) 5.5 9.1 10.8 12.5 14.5 Net yield (%) - 2.0 1.7 1.9 2.2 Valuation PER (x) 35.2 21.3 18.0 15.5 13.4 Target price (RM) 2.31 PBV (x) 10.4 3.7 3.3 3.0 2.6 Methodology GGM ROE (%) 29% 17% 18% 19% 20% Key assumptions ROE = 19.7% Source: Company, KAF COE = 9.9% g = 6.5% Non-conventional steals the spotlight Implied FY14 PE (x) 21.4 Implied FY14 PBV (x) 3.9 An underwriter for life and non-life insurance, Tune Ins operates through its online business Implied FY14 Yield (%) 1.4 and 83%-owned TIMB.
    [Show full text]
  • Annual Report 2018
    Annual Report 2018 scan me Vision & Mission 2 Profiles of Board of Directors 53 About Us & Core Values 3 Profile of Group Chief Executive 57 Officer Corporate Structure 4 OVERVIEW Profiles of Senior Management Team 58 Corporate Information 5 LEADERSHIP 2018 At A Glance 6 Corporate Governance Overview 62 Statement Financial Calendar 8 Audit Committee Report 70 Investor Relations 9 Risk Management Committee Report 73 Corporate Event Highlights 14 Risk Management and Internal 75 2018 HIGHLIGHTS 2018 Control Statement Additional Compliance Information 79 Internal Policies, Frameworks 83 CORPORATE GOVERNANCE CORPORATE and Guidelines Financial Highlights 16 Management Discussion & Analysis 18 Sustainability Statement 30 Directors’ Report 89 Statement by Directors 94 Statutory Declaration 94 Independent Auditors’ Report 95 Statements of Financial Position 100 Statements of Comprehensive Income 101 Statements of Changes in Equity 103 REPORTS & STATEMENTS REPORTS PERFORMANCE & BUSINESS REVIEW PERFORMANCE & BUSINESS Statements of Cash Flows 105 Notes to the Financial Statements 107 Analysis of Shareholdings 227 List of Branches and Overseas 230 Ventures Notice of Annual General Meeting 232 You can find this Annual Report and additional information about Tune Protect Group on our Proxy Form corporate website. OTHER INFORMATION OTHER Vision & Mission Stay In touch instantly in the digital age. Faster, Simpler, Affordable. Be In trend by taking charge. Just Click, Buy and Protect yourself when you need to, in ways you know best. Get In tune with Protection Made Easy by Tune Protect. Vision Mission Leading Digital Insurer We believe that everyone deserves to be protected. That is why we are committed to making insurance easy to Tune Protect Group Berhad aspires to be a Leading Digital access, easy to understand, easy to buy, easy to claim and Insurer, distinctive in its culture, people and processes with easy on the pocket.
    [Show full text]
  • Airasia Group Ceo, Tony Fernandes, Is Transforming the Airline Group Into “The Amazon of Asian Aviation”
    Vol. 26 No. 10 December 2019-January 2020 orientaviation.com ORIENT AVIATION PERSON OF THE YEAR 2019 AND LIFETIME ACHIEVEMENT AWARD WINNER TONY FERNANDES Co-founder and CEO AirAsia Group AIRASIA GROUP CEO, TONY FERNANDES, IS TRANSFORMING THE AIRLINE GROUP INTO “THE AMAZON OF ASIAN AVIATION” Crackdown necessary on More profitable days ahead Qantas postpones transport of counterfeit for Asia-Pacific airlines reports Project Sunrise lithium battery cargo global airline body decision to 2020 THERE IS NO COMPARISON. NO EQUAL. THERE IS ONLY ONE. THE COMMERCIAL JET ENGINE IN A LEAGUE OF ITS OWN. Powered by an industry‑first geared architecture — and more than 40 other groundbreaking innovations — the Pratt & Whitney GTF™ is unlike any engine that’s come before it. EXPLORE THE FUTURE OF FLIGHT AT PW.UTC.COM PW_CE_GTF_OrientAviation.indd 1 11/6/19 12:44 PM Client: Pratt & Whitney - Commercial Engines Ad Title: There is no comparison. Publication: Orient Aviation - Dec./Jan. Trim: 202 x 273 mm • Bleed: 212 x 283 mm • Live: 182 x 253 mm CONTENTS Volume 26, Issue 10 COVER STORY 18 Orient Aviation 2019 Person of the Year and ORIENT AVIATION MEDIA GROUP Lifetime achievement 17/F Hang Wai Commercial Building, 231-233 Queen’s Road East, award recipient, Wanchai, Hong Kong Editorial (852) 2865 1013 Tony Fernandes. E-mail: [email protected] Website: www.orientaviation.com The AirAsia Group CEO Mailing address: GPO Box 11435 Hong Kong is transforming the airline company into “the Amazon Publisher & Editor-in-Chief of aviation in Asia” Christine McGee
    [Show full text]
  • Tony Fernandes
    Tony Fernandes Entrepreneur and Founder of Air Asia Tony Fernandes, founder of Tune Group, is the Group CEO of Air Asia, Asia's leading low fare, no frills airline, flying to destinations across the region. Known as the Richard Branson of Asian air travel, he turned the bankrupt carrier into the World's Best Low-Cost Airline (Skytrax's coveted award for five years in a row 2009-2013) and has revolutionised the aviation industry in Asean. After graduating from the London School of Economics in 1987, he worked as an accountant for Richard Branson's Virgin Records from 1987 to 1989. Upon his return to Malaysia, the amateur guitarist went on to become the youngest-ever managing director of Southeast Asia for Warner Music Group (Malaysia), and subsequently became vice-president in 1992-2001. In a dramatic change of direction, Tony left the music industry to buy Air Asia, a failing government-linked commercial airline with debts 40 million ringgit, at the token fee of one ringgit (US$0.25), turning it into a highly successful budget airline public-listed company. Coming just after the 11 September 2001, undoubtedly the worst day in the history of commercial aviation when nobody wanted to fly, everyone predicted that the company would fail miserably. Yet, just one year after his takeover, AirAsia had broken even and cleared all its debts. Its initial public offering (IPO) in November 2004 was oversubscribed by 130 per cent. AirAsia Group flies more than 150 routes to 89 destinations, 57 of which are in ASEAN and the rest in Japan, China, Hong Kong, Macau, Taiwan, South Korea, India, Sri Lanka, Nepal and Australia.
    [Show full text]