Capital A On HOLD, ESG Suffers As GHG Emissions Surge
Capital A On HOLD, ESG Suffers As GHG Emissions Surge
The research house has maintained Capital A's ESG score at 59/100 based on the company's disclosures in its 2023 Sustainability and Annual Reports, but has downgraded Capital A from BUY to HOLD with a target price of RM1.00. Capital A Bhd, the parent company of AirAsia Aviation Group, recorded revenue growth in 2023 and 2024 coupled with surging greenhouse gas (GHG) emissions as more flights are returning to service to boost customer confidence, according to Maybank Investment Bank Bhd (Maybank IB).
根據馬來亞銀行投資銀行有限公司（Maybank IB）的數據，亞航航空集團的母公司Capital A Bhd在2023年和2024年實現收入增長，隨着越來越多的航班恢復服務以增強客戶信心，溫室氣體（GHG）排放量激增。
In 2023, the company's revenue totaled at RM14.8 billion and analysts have projected its 2024 revenue at RM20.3 billion.
2023年，該公司的總收入爲148令吉，分析師預計其2024年的收入爲203令吉。
In alignment with the nation's net zero goal by 2050, Capital A has adopted a new technology that produces dual-functionality ground power units capable of cutting fuel consumption up to 90%, an indication that the aviation operator has plans to ease emissions in the coming years.
爲了與美國到2050年的淨零排放目標保持一致，Capital A採用了一項新技術，該技術可生產雙功能地面動力裝置，能夠將油耗減少多達90％，這表明該航空運營商計劃在未來幾年減少排放。
The research house has maintained Capital A's ESG score at 59/100 based on the company's disclosures in its 2023 Sustainability and Annual Reports, but has downgraded Capital A from BUY to HOLD with a target price of RM1.00.
根據Capital A在其2023年可持續發展和年度報告中的披露，該研究機構將Capital A的ESG評分維持在59/100，但已將Capital A的評級從買入下調至持有，目標價爲1.00令吉。
As at 10:24am on Oct 30, Capital A's shares traded at RM0.98, down one sen from its settlement price of RM0.99 recorded on Tuesday.
截至10月30日上午10點24分，Capital A的股票交易價格爲0.98令吉，較週二創下的0.99令吉的結算價下跌一仙。
On a positive note, improvement can be seen in gender equality as women continue to be better represented in managerial roles, rising to 22% in 2023 from 16% in 2020.
從積極的方面來看，隨着女性在管理職位中的代表性繼續增加，從2020年的16％上升到2023年的22％，性別平等有所改善。
Also, Net Promoter Score (NPS) and Customer Satisfaction Score (CSAT) recovered in 2023 after suffering a sharp fall the previous year, owing to more aircraft returning to service and fewer flights cancellation. Both NPS and CSAT are expected to recover further.
此外，淨推薦值（NPS）和客戶滿意度得分（CSAT）在去年大幅下降之後，在2023年恢復，這要歸因於更多的飛機恢復服役和更少的航班取消。預計核動力源和CsAT都將進一步恢復。
Maybank IB opines that Capital A should appoint more independent non-executive directors (INED) and female directors to the company's Board of Directors (BOD).
Maybank Ib認爲，Capital A應任命更多的獨立非執行董事（INED）和女性董事加入公司董事會（BOD）。
Currently, INEDs account for 40% of Capital A's board while no female has been appointed board member as yet, quite incidentally a situation exacerbated by the demise of Surina Binti Shukri, an INED, on 29 Feb 2024.
目前，獨立非執行董事佔Capital A董事會的40％，而迄今還沒有女性被任命爲董事會成員，偶然的是，獨立非執行董事蘇麗娜·賓蒂·舒克里於2024年2月29日去世，加劇了這種情況。
Malaysian Code on Corporate Governance recommends that companies have ≥50% INEDs and ≥30% women directors on their BOD.
《馬來西亞公司治理守則》建議，公司的董事會中應有≥ 50% 的獨立非執行董事和≥ 30% 的女性董事。
譯文內容由第三人軟體翻譯。
