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).
馬來銀行投資銀行Berhad（Maybank IB）稱，AirAsia航空集團的母公司Capital A Bhd在2023年和2024年錄得營業收入增長，同時隨着更多航班恢復運營以提升客戶信心，溫室氣體（GHG）排放不斷上升。
In 2023, the company's revenue totaled at RM14.8 billion and analysts have projected its 2024 revenue at RM20.3 billion.
2023年，公司的營業收入總額達到了148億令吉，分析師預測公司2024年的營業收入將達到203億令吉。
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.
爲配合2050年國家的零排放目標，Capital A公司採用了一種新技術，生產出能夠減少燃料消耗高達90%的雙功能地面電源裝置，這表明航空運營商有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.
研究機構基於Capital A公司在其2023年可持續性和年度報告中的披露，將Capital A的ESG評分維持在59/100，但已將其從買入調降爲持有，並設定目標價爲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時24分，Capital A的股票以0.98令吉交易，比周二記載的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.
值得一提的是，性別平等方面的改善是明顯的，女性在管理層的代表性不斷提高，從2020年的16%上升到2023年的22%。
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，淨推薦分數（NPS）和客戶滿意度分數（CSAT）在2023年出現恢復，之前一年曾出現急劇下降，這歸因於更多飛機恢復運營，以及較少的航班取消。預計NPS和CSAT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應該增加更多獨立非執行董事（INED）和女性董事加入公司的董事會（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，INEDs佔A公司董事會的40%，但迄今尚未任命女性董事會成員，這一情況在2024年2月29日INED Surina Binti Shukri去世後惡化。
Malaysian Code on Corporate Governance recommends that companies have ≥50% INEDs and ≥30% women directors on their BOD.
馬來西亞企業管治守則建議公司董事會擁有≥50% INEDs和≥30%女性董事。
譯文內容由第三人軟體翻譯。
