Latest news with #AirAsiaX
Borneo Post
4 hours ago
- Business
- Borneo Post
Fadillah concludes central Asian visits, nuclear energy revival on the horizon
Fadillah's visit focused on the potential revival of Malaysia's nuclear energy programme, alongside collaboration in the halal economy, tourism, energy investments and Islamic finance. – Bernama photo MOSCOW (June 28): Deputy Prime Minister Datuk Seri Fadillah Yusof has concluded his eight-day working visit to Uzbekistan and Russia, marking a pivotal step in Malaysia's renewed efforts to strengthen strategic international partnerships. The visit focused on the potential revival of Malaysia's nuclear energy programme, alongside collaboration in the halal economy, tourism, energy investments and Islamic finance. A key milestone was the signing of a non-disclosure agreement (NDA) between MyPower Corporation, a special-purpose agency under the Ministry of Energy Transition and Water Transformation (Petra), and the Russian state atomic energy agency Rosatom. The agreement paves the way for potential cooperation in the peaceful use of nuclear technology, as Malaysia re-evaluates its long-term energy strategy. As Malaysia advances its National Energy Transition Roadmap, nuclear energy is being seriously considered as a reliable, clean baseload option to diversify the energy mix and achieve long-term climate and energy security goals. Malaysia previously had a robust nuclear development agenda, including plans to commission two nuclear power plants by 2021. However, these plans were shelved, and the Malaysia Nuclear Power Corporation was disbanded in 2018. Today, amid increasing pressure to decarbonise and diversify its energy sources, nuclear energy is once again under consideration as a viable low-carbon option. A recently completed pre-feasibility study yielded encouraging findings, prompting the government to explore implementation pathways that align fully with global safety, security and non-proliferation standards. The visit also reinforced Malaysia's global halal leadership. Both Uzbekistan and Russia expressed strong interest in leveraging Malaysia's well-established halal ecosystem. Additionally, the Uzbek government extended a formal invitation to Malaysia's national oil and gas company, Petroliam Nasional Bhd (Petronas), to consider reinvesting in the republic's energy sector. Petronas had exited Uzbekistan in 2013, but new opportunities in exploration and upstream development have emerged as Uzbekistan seeks to revitalise its energy landscape. Tourism ties were boosted by AirAsia X's launch of direct flights from Kuala Lumpur to Tashkent, operating three times weekly. Recognising the potential to further enhance travel and trade, Fadillah encouraged AirAsia X to expand its route to include Samarkand, a historic Silk Road city and Unesco World Heritage Site, offering added value for both leisure and cultural tourism. Uzbekistan is also keen to collaborate with Malaysia on carbon trading, and has expressed interest in tapping Malaysia's extensive experience in developing the sukuk market — an area in which Malaysia is widely recognised as a global leader in Islamic finance. – Bernama airasia x fadillah yusof malaysia nuclear Russia Uzbekistan
New Straits Times
4 hours ago
- Business
- New Straits Times
DPM Fadillah concludes Central Asian visits, nuclear energy revival on the horizon
MOSCOW: Deputy Prime Minister Datuk Seri Fadillah Yusof has concluded his eight-day working visit to Uzbekistan and Russia, marking a pivotal step in Malaysia's renewed efforts to strengthen strategic international partnerships. The visit focused on the potential revival of Malaysia's nuclear energy programme, alongside collaboration in the halal economy, tourism, energy investments and Islamic finance. A key milestone was the signing of a non-disclosure agreement (NDA) between MyPower Corporation, a special-purpose agency under the Energy Transition and Water Transformation Ministry, and the Russian state atomic energy agency Rosatom. The agreement paves the way for potential cooperation in the peaceful use of nuclear technology, as Malaysia re-evaluates its long-term energy strategy. As Malaysia advances its National Energy Transition Roadmap, nuclear energy is being seriously considered as a reliable, clean baseload option to diversify the energy mix and achieve long-term climate and energy security goals. Malaysia previously had a robust nuclear development agenda, including plans to commission two nuclear power plants by 2021. However, these plans were shelved, and the Malaysia Nuclear Power Corporation was disbanded in 2018. Today, amid increasing pressure to decarbonise and diversify its energy sources, nuclear energy is once again under consideration as a viable low-carbon option. A recently completed pre-feasibility study yielded encouraging findings, prompting the government to explore implementation pathways that align fully with global safety, security and non-proliferation standards. The visit also reinforced Malaysia's global halal leadership. Both Uzbekistan and Russia expressed strong interest in leveraging Malaysia's well-established halal ecosystem. Additionally, the Uzbek government extended a formal invitation to Malaysia's national oil and gas company, Petroliam Nasional Bhd (Petronas), to consider reinvesting in the republic's energy sector. Petronas had exited Uzbekistan in 2013, but new opportunities in exploration and upstream development have emerged as Uzbekistan seeks to revitalise its energy landscape. Tourism ties were boosted by AirAsia X's launch of direct flights from Kuala Lumpur to Tashkent, operating three times weekly. Recognising the potential to further enhance travel and trade, Fadillah encouraged AirAsia X to expand its route to include Samarkand, a historic Silk Road city and UNESCO World Heritage Site, offering added value for both leisure and cultural tourism. Uzbekistan is also keen to collaborate with Malaysia on carbon trading, and has expressed interest in tapping Malaysia's extensive experience in developing the sukuk market — an area in which Malaysia is widely recognised as a global leader in Islamic finance. – Bernama
The Sun
5 hours ago
- Business
- The Sun
DPM Fadillah concludes Central Asian visits, nuclear energy revival on the horizon
MOSCOW: Deputy Prime Minister Datuk Seri Fadillah Yusof has concluded his eight-day working visit to Uzbekistan and Russia, marking a pivotal step in Malaysia's renewed efforts to strengthen strategic international partnerships. The visit focused on the potential revival of Malaysia's nuclear energy programme, alongside collaboration in the halal economy, tourism, energy investments and Islamic finance. A key milestone was the signing of a non-disclosure agreement (NDA) between MyPower Corporation, a special-purpose agency under the Ministry of Energy Transition and Water Transformation (PETRA), and the Russian state atomic energy agency Rosatom. The agreement paves the way for potential cooperation in the peaceful use of nuclear technology, as Malaysia re-evaluates its long-term energy strategy. As Malaysia advances its National Energy Transition Roadmap, nuclear energy is being seriously considered as a reliable, clean baseload option to diversify the energy mix and achieve long-term climate and energy security goals. Malaysia previously had a robust nuclear development agenda, including plans to commission two nuclear power plants by 2021. However, these plans were shelved, and the Malaysia Nuclear Power Corporation was disbanded in 2018. Today, amid increasing pressure to decarbonise and diversify its energy sources, nuclear energy is once again under consideration as a viable low-carbon option. A recently completed pre-feasibility study yielded encouraging findings, prompting the government to explore implementation pathways that align fully with global safety, security and non-proliferation standards. The visit also reinforced Malaysia's global halal leadership. Both Uzbekistan and Russia expressed strong interest in leveraging Malaysia's well-established halal ecosystem. Additionally, the Uzbek government extended a formal invitation to Malaysia's national oil and gas company, Petroliam Nasional Bhd (Petronas), to consider reinvesting in the republic's energy sector. Petronas had exited Uzbekistan in 2013, but new opportunities in exploration and upstream development have emerged as Uzbekistan seeks to revitalise its energy landscape. Tourism ties were boosted by AirAsia X's launch of direct flights from Kuala Lumpur to Tashkent, operating three times weekly. Recognising the potential to further enhance travel and trade, Fadillah encouraged AirAsia X to expand its route to include Samarkand, a historic Silk Road city and UNESCO World Heritage Site, offering added value for both leisure and cultural tourism. Uzbekistan is also keen to collaborate with Malaysia on carbon trading, and has expressed interest in tapping Malaysia's extensive experience in developing the sukuk market — an area in which Malaysia is widely recognised as a global leader in Islamic finance.
The Sun
5 hours ago
- Business
- The Sun
DPM Fadillah concludes Central Asian visits, nuclear energy revival on the horizon
MOSCOW: Deputy Prime Minister Datuk Seri Fadillah Yusof has concluded his eight-day working visit to Uzbekistan and Russia, marking a pivotal step in Malaysia's renewed efforts to strengthen strategic international partnerships. The visit focused on the potential revival of Malaysia's nuclear energy programme, alongside collaboration in the halal economy, tourism, energy investments and Islamic finance. A key milestone was the signing of a non-disclosure agreement (NDA) between MyPower Corporation, a special-purpose agency under the Ministry of Energy Transition and Water Transformation (PETRA), and the Russian state atomic energy agency Rosatom. The agreement paves the way for potential cooperation in the peaceful use of nuclear technology, as Malaysia re-evaluates its long-term energy strategy. As Malaysia advances its National Energy Transition Roadmap, nuclear energy is being seriously considered as a reliable, clean baseload option to diversify the energy mix and achieve long-term climate and energy security goals. Malaysia previously had a robust nuclear development agenda, including plans to commission two nuclear power plants by 2021. However, these plans were shelved, and the Malaysia Nuclear Power Corporation was disbanded in 2018. Today, amid increasing pressure to decarbonise and diversify its energy sources, nuclear energy is once again under consideration as a viable low-carbon option. A recently completed pre-feasibility study yielded encouraging findings, prompting the government to explore implementation pathways that align fully with global safety, security and non-proliferation standards. The visit also reinforced Malaysia's global halal leadership. Both Uzbekistan and Russia expressed strong interest in leveraging Malaysia's well-established halal ecosystem. Additionally, the Uzbek government extended a formal invitation to Malaysia's national oil and gas company, Petroliam Nasional Bhd (Petronas), to consider reinvesting in the republic's energy sector. Petronas had exited Uzbekistan in 2013, but new opportunities in exploration and upstream development have emerged as Uzbekistan seeks to revitalise its energy landscape. Tourism ties were boosted by AirAsia X's launch of direct flights from Kuala Lumpur to Tashkent, operating three times weekly. Recognising the potential to further enhance travel and trade, Fadillah encouraged AirAsia X to expand its route to include Samarkand, a historic Silk Road city and UNESCO World Heritage Site, offering added value for both leisure and cultural tourism. Uzbekistan is also keen to collaborate with Malaysia on carbon trading, and has expressed interest in tapping Malaysia's extensive experience in developing the sukuk market — an area in which Malaysia is widely recognised as a global leader in Islamic finance.
Yahoo
2 days ago
- Business
- Yahoo
Should You Think About Buying AirAsia X Berhad (KLSE:AAX) Now?
AirAsia X Berhad (KLSE:AAX), might not be a large cap stock, but it led the KLSE gainers with a relatively large price hike in the past couple of weeks. While good news for shareholders, the company has traded much higher in the past year. As a small cap stock, hardly covered by any analysts, there is generally more of an opportunity for mispricing as there is less activity to push the stock closer to fair value. Is there still an opportunity here to buy? Let's examine AirAsia X Berhad's valuation and outlook in more detail to determine if there's still a bargain opportunity. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Great news for investors – AirAsia X Berhad is still trading at a fairly cheap price according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. In this instance, we've used the price-to-earnings (PE) ratio given that there is not enough information to reliably forecast the stock's cash flows. we find that AirAsia X Berhad's ratio of 4.14x is below its peer average of 8.6x, which indicates the stock is trading at a lower price compared to the Airlines industry. However, given that AirAsia X Berhad's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility. View our latest analysis for AirAsia X Berhad Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by a double-digit 12% over the next couple of years, the outlook is positive for AirAsia X Berhad. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation. Are you a shareholder? Since AAX is currently trading below the industry PE ratio, it may be a great time to accumulate more of your holdings in the stock. With an optimistic profit outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as capital structure to consider, which could explain the current price multiple. Are you a potential investor? If you've been keeping an eye on AAX for a while, now might be the time to enter the stock. Its prosperous future profit outlook isn't fully reflected in the current share price yet, which means it's not too late to buy AAX. But before you make any investment decisions, consider other factors such as the track record of its management team, in order to make a well-informed investment decision. Diving deeper into the forecasts for AirAsia X Berhad mentioned earlier will help you understand how analysts view the stock going forward. So feel free to check out our free graph representing analyst forecasts. If you are no longer interested in AirAsia X Berhad, you can use our free platform to see our list of over 50 other stocks with a high growth potential. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
