Good Articles to Share
GMT Research: Our AirAsia report was 'stolen'
Hong Kong-based GMT Research, which published a report accusing budget airline AirAsia of dubious accounting practices, is saying that this report was "stolen" and published unintentionally.
The June 10 report wasn't meant for public consumption, GMT Research founder Gillen Tulloch said.
It was meant for subscribers who pay the company a "substantial amount of money", Tulloch is quoted as saying by business dailyThe Malaysian Reserve (TMR) today.
The financial analyst claimed that a client had copied the report and uploaded it on the Internet.
"If we find out who stole our research, we will get our lawyers to send them a cease and desist letter," Tulloch said.
The June 10 report caused AirAsia Bhd's share to plunge by almost 20 percent, causing it to shed some RM1.2 billion in market capitalisation
The GMT Research report also questions the airline's “accounting, profit generation, cash-flow issues, leverage and group structure,” Tulloch is quoted as saying by Bloomberg on June 12.
Tulloch denied that his company’s report was used for short-selling activities.
"Clearly, we won't deny that the publicity generated has been good for us," he told TMR.
The June 10 report wasn't meant for public consumption, GMT Research founder Gillen Tulloch said.
It was meant for subscribers who pay the company a "substantial amount of money", Tulloch is quoted as saying by business dailyThe Malaysian Reserve (TMR) today.
The financial analyst claimed that a client had copied the report and uploaded it on the Internet.
"If we find out who stole our research, we will get our lawyers to send them a cease and desist letter," Tulloch said.
The June 10 report caused AirAsia Bhd's share to plunge by almost 20 percent, causing it to shed some RM1.2 billion in market capitalisation
The GMT Research report also questions the airline's “accounting, profit generation, cash-flow issues, leverage and group structure,” Tulloch is quoted as saying by Bloomberg on June 12.
Tulloch denied that his company’s report was used for short-selling activities.
"Clearly, we won't deny that the publicity generated has been good for us," he told TMR.
http://www.malaysiakini.com/news/303144
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Good Articles to Share
US lawmakers say Hong Kong is becoming hub for financial crime — report
Created by Tan KW | Nov 25, 2024
Germany's Scholz gets backing of party leadership for re-election bid
Created by Tan KW | Nov 25, 2024
Apple’s Cook at CEO summit with Chinese premier as economy sags, Bloomberg reports
Created by Tan KW | Nov 25, 2024
Asean set to unveil Community Vision 2045 at summit in Malaysia next year
Created by Tan KW | Nov 25, 2024
Buffett refines plans for his fortune, donates more Berkshire shares
Created by Tan KW | Nov 25, 2024
Nvidia shows AI model that can modify voices, generate novel sounds
Created by Tan KW | Nov 25, 2024
Discussions
Be the first to like this. Showing 20 of 20 comments
r moi 50 years from now, you will have this conversation with ur grandchild, u will say : neh neh.. long time ago bought aa and holland big time, the lesson i learned is never buy a airline stocks again... cough cough..
but your grandchild refuse to listen to you and proceed to buy another airline stocks..
legend say a man time travel from years 3000 and he say, after 20 generation, rmoi your descendant still continue the tradition of buying airline stocks and holland big time..
kikiki.. 如有雷同，实属巧合
2015-06-27 10:25
"Stolen" or cheap publicity stunt? RM1.2 bil wipe out. I hope they get sued!
2015-06-27 12:29
Fat cat...
WB experienced his personal ZEN moment with airlines before attaining enlightenment... and the guru status that he is today
I see it as... I am at the moment on the same path as WB and a step closer to attaining enlightenment and the status to WB...
HAHAHA
Joke aside.... if WB has seen AirAsia before.. he would definitely have a very different view of airlines... and approve.. and will say.. "This is how airlines should be run... as a mean of transport.. not a luxurious thingy... well done AirAsia!!"
2015-06-27 13:49
WB will approve.. "Low cost airline = railway line... WB like... WB BIG LIKE!"
2015-06-27 14:10
if the sei lou yeh wb approve of AA, he would be buying into it already is it? kikiki
2015-06-27 16:12
WB may not been looking into any airlines at all after his ZEN moment... his loss
Anyway.. WB has made many mistakes in the sense that he has misssed many opportunities due to his bias...
I am pretty sure WB till now thinks the max for the NASDAQ should be no more than 1000... and FACEBOOK is a total scam and GOOGLE will collapse tomorrow..
2015-06-28 14:55
AirAsia AirAsia
Firstly.... Urgency!! Urgency!!!
GMT has painted it so urgent like... like AirAsia was going bankrupt the next day after its report....
Is it really so urgent???
NOT according to the auditors PwC
PwC didn't qualify IAA PAA as non going concerns
PwC didn't even impair the amounts due from IAA PAA... this would be after reviewing their cash-flow projections... of course
GMT has put what might happen in the next few years... with all its negetive assumptions too... to happen in like all of 30 days
No chance to do anything... just die
If it is not so urgent.... surely... say.. if.. big if.. there are really problems.. surely Tony can do something about it
Secondly.....
Are the debts due from IAA PAA a lot for an airline???
See la our very own new airline.... Flymojo..... to operate in a population of just 30m people
Kurang kurang 5.5b...
The statement said based on the list price of the CS100 aircraft, a firm order would be valued at approximately US$1.47 billion (RM5.44 billion), and could increase to US$2.94 billion (RM10.87 billion), should flymojo exercise all its options.
http://www.themalaysianinsider.com/business/article/new-airline-flymojo-to-buy-20-bombardier-cs100#sthash.qNwPl3l6.dpbs
2015-06-28 15:01
the story is non fiction u know, the man timetravel from years 3000 is real. KIKIKI...
2015-06-28 15:09
Surely that time travelling fella if anything is talking about MAS la ... Not AirAsia... Time travelling always messes with the brain and memory a bit...
Muller tak jadi? IMHO he stands a good chance.. albeit with a small little symbolic national airline working substantially on the LCC biz model..
A profitable national airline nontheless... just dont ask why it is so small and not quite so prestigious.. MAS would eventually be profitable aand a symbolic national pride and thank goodness no longer eating up taxpayers money
2015-06-28 15:48
AirAsia will be profitable and shine
MAS working substantially on LCC business model will be profitable and shine
2015-06-28 15:52
the man actually is send by your descendant, his purpose is to end the misfortune of your family.
they come out with a conclusion... and that problem is you.
sooner and later, a big bulky guy with sunglasses wearing black leather jacket&pants will be knocking your door.. rmoi , you will get terminate.. hasta la vista baby..
i suggest you start running now.. kikiki...
2015-06-28 15:56
在我的视线 有一个模糊的光芒
指引我追寻 心里的梦想。。。
每一天 我需要多一点勇气
灌溉我的心 让信心能继续。。。
我知道 这旅程一定会很艰难
必须面对这一切 不管多累。。。 yeah yeah
I Believe 我有一天会能够让自己所有的梦想实现 我哦哦哦 yeah
我知道会有一天生命中的希望会在我眼前出现 我哦哦哦 yeah~
再也不用一直怀疑因为爱存在我心里面
Cause I Believe hmmmmmmm
Cause I Believe leafffff yeah yeah
code： 0g1Dj97SANY
2015-06-28 17:41
看清楚 很容易迷失了方向
追寻这个梦 让未来发光~~ ( 未来发光) 我哦
不怕错 只怕我知道不敢做
绝不能轻易把一切都放弃 wooo yeah
我知道 这旅程一定会很艰难
必须面对这一切 不管多累 一一一一一也
I Believe 我有一天会能够让自己所有的梦想实现 唔无呜呜野
我知道会有一天生命中的希望会在我眼前出现 我哦哦哦噢
再也不用一直怀疑NO!因为爱存在我心里面 一一一也
I Believe 就在今天我已经让自己所有的梦想实现 我哦哦哦噢
再也不用一直怀疑因为爱存在我心里面
Cause I Believe
因为我相信
在眼前 每一个梦想都实现
我看的清楚 看的很清楚。。。。。。。
hasta la vista baby kikiki
2015-06-28 17:50
Post a Comment
Featured Posts
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-11-25 16:40:00
EMA 5
5 Mins
BUY
2024-11-25 16:30:00
EMA 5
30 Mins
BUY
2024-11-25 16:30:00
EMA 5
5 Mins
SELL
2024-11-25 16:15:00
EMA 5
5 Mins
BUY
2024-11-25 16:15:00
ADX
5 Mins
BUY
Apps
Top Articles
1
2
3
TA Sector Research
4
Good Articles to Share
What’s behind the slew of restaurant bankruptcies in 2024? Experts unpack the problems
5
M+ Online Research Articles
6
Good Articles to Share
7
Koon Yew Yin's Blog
8
MQ Market Updates
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
r°Moi
AirAsia. .
Buy AirAsia for LOW JET FUE PLAY... LOW JET FUEL PLAY.... which is sound
According to results....
Aircraft fuel expenses for 2014: 2,254,237,000
Say, fuel consumption remains more or less the same and say, the average jet fuel price has dropped a mere 25% (vs 50% for crude.. easier la like this no need to really know how many % is hedged at how much... a drop of 25% is reasonable) So... 2,254,237,000 × 25% = 563,559,250 ie saving for 2015 roughly
The saving due to low fuel price for 2015 would be RM 563,559,250 before RM 60,000,000 say for fuel surcharge.... a bloody big figure no matter how you look at it
AirAsia's low jet fuel play is sound... and the reason for all the IBs' Buy call
I still believe ; )
At the price now... it is getting even too low for Mat Salleh to exit
2015-06-27 10:08