Don't know what you all arguing... Btw.. wait for QR xD..if drop then drop lo , as long the company still earning.. people nowadays don't appreciate the YoY results..

AirAsia Bhd (AIRA.KL) signed a joint venture agreement with China on Sunday to establish a low cost carrier (LCC), with a base in the east-central city of Zhengzhou.

AirAsia (China) is a joint venture between AirAsia, Everbright Group and Henan Government Working Group, the airline said in a statement.

AirAsia (China) will also invest in aviation infrastructure, including a dedicated LCC terminal at Zhengzhou airport and an aviation academy to train pilots, crew and engineers, as well as maintenance, repair and overhaul (MRO) facilities to service aircraft, the statement said.
http://uk.reuters.com/article/us-airasia-china-idUKKCN18A0TL

Calvin support PosLaju... That why he didn't appear to bash AAX as AAX has some collaboration with POS Laju... So.. you know I know la..

wait for QR first before speculate :-) we will know this is true or not true.. lol

@kinkudes_hc i will buy ~ LOL ~ because i know how AAX perform for three years.. XD

Last time the preliminary operating statistic always show goods thing but in the end the qr result not so good. Hope this time the profit meet expectation. :-)

AAX always sell on news.. not sure this time still same or not..

0.455 clearing soon~ son already cleared 0.255

When hibiscus done, those cheer leaders gone missing and Calvin appear.. then when hibiscus naik, calvin gone missing, cheer leaders come out.. LOL

Carpet boomb is what?

hahahahahahahaha~ when drop rise sure got ppl say TP this TP that.. this forum banyak fortune teller.. XD

Call Warrants on the other hand are not issued by the listed company but by third parties such as banks and stockbrokers. On Maturity, they are not converted to shares but the investor is paid a profit if the mother price is more than the exercise price but the investors has all his money forfeited if the exercise price is less.

Got from a CalvinBlog about the DEBT but Radzi has explained:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
From radzi: Calvin is confused. He said that AAX debt is $110 billion. If you care to look at the Balance Sheet, current debt is only $1.1 billion.

When he refers Note 32a, the note simply means commitment for AAX to purchase in the future. Future but not now... How fast in the future ? It is just about 1 or 2 or 3 airplane in a year. Why ? Because Airbus has limitation in its production line. So, why future commitment of $110 billion. OK, now that is a very smart TF move. First, it is an economic of scale. If you purchase more, you get cheaper price because by volume the profit is large. Second, to reduce inflationary pressure. If plane price increase by a few percent a year, in 20 years, the price of the plane would be double.

So now, is $110 billion is a debt at year 2016 or year 2017 ? No, it has not. If AAX has bought all the planes, then the revenue would be $5 billion a year. No plane will sit idle. Either it will increase number of passengers carried by a few hundred percent or it will increase lease revenue.

So, now we see how short thinking a person like Calvin is. If Calvin assume , he just make an ass of u and me.
24/11/2016 22:23

X
From radzi: Another thing, AAX has made deposit (pre-payment) mounting to $1 billion plus. On top of it, AAX has a cash deposit of $367 million. So, all together, AAX cash asset and deposit is around $1.4 billion. This is enough to cover all current AAX debt if it chose to payback all in one shot.
24/11/2016 22:30

X
From radzi: Calvin Tan Eng is very much misleading. Future number of planes that will be owned by AAX and Airasia is around 200 unit. Out of it , ONLY IN YEAR 2018 , the planes will start to be delivered where AAX placed an order of 76 AAX 330Neo-900 , which has 14% more fuel efficiency compared with Malindo and MAS. Currently, AAX has only 29 airplanes.
25/11/2016 06:12

X
From radzi: Calvin is a liar.

Note 32a) It does not mention debt. It just say capital commitment. Capital commitment will only be debt in the future if the company use debt to purchase the aircraft. Debt is not a necessity in the future. Read Corporate Finance 101, there are many ways to finance capital commitment.
27/11/2016 00:31

radzi: Calvin is a liar.

Note 32a) It does not mention debt. It just say capital commitment. Capital commitment will only be debt in the future if the company use debt to purchase the aircraft. Debt is not a necessity in the future. Read Corporate Finance 101, there are many ways to finance capital commitment.

radzi: Calvin Tan Eng is very much misleading. Future number of planes that will be owned by AAX and Airasia is around 200 unit. Out of it , ONLY IN YEAR 2018 , the planes will start to be delivered where AAX placed an order of 76 AAX 330Neo-900 , which has 14% more fuel efficiency compared with Malindo and MAS. Currently, AAX has only 29 airplanes.
25/11/2016 06:12

radzi: Another thing, AAX has made deposit (pre-payment) mounting to $1 billion plus. On top of it, AAX has a cash deposit of $367 million. So, all together, AAX cash asset and deposit is around $1.4 billion. This is enough to cover all current AAX debt if it chose to payback all in one shot.
24/11/2016 22:30

radzi Calvin is confused. He said that AAX debt is $110 billion. If you care to look at the Balance Sheet, current debt is only $1.1 billion.

When he refers Note 32a, the note simply means commitment for AAX to purchase in the future. Future but not now... How fast in the future ? It is just about 1 or 2 or 3 airplane in a year. Why ? Because Airbus has limitation in its production line. So, why future commitment of $110 billion. OK, now that is a very smart TF move. First, it is an economic of scale. If you purchase more, you get cheaper price because by volume the profit is large. Second, to reduce inflationary pressure. If plane price increase by a few percent a year, in 20 years, the price of the plane would be double.

So now, is $110 billion is a debt at year 2016 or year 2017 ? No, it has not. If AAX has bought all the planes, then the revenue would be $5 billion a year. No plane will sit idle. Either it will increase number of passengers carried by a few hundred percent or it will increase lease revenue.

So, now we see how short thinking a person like Calvin is. If Calvin assume , he just make an ass of u and me.
24/11/2016 22:23

Yes.. exactly a great opportunity to collect :-) even if price drop below 0.5, it is still good for long term..
Anyone notice the report there writtten "Awaiting Petronas Approval" for the completion of acquisition? I think this stock is quite promising :-) my 2 cents opinion.. anyway trade at your risk.. haha

Choose, follow the Hibiscus Director or CalvinTan?
I rather be sorchai follow director than follow holland king.. haha

Its okay.. im happy to be sorchai.. lol..

Posted by calvintaneng > Feb 22, 2017 02:20 PM | Report Abuse

don.t be so stupid and get conned by these words

Hibiscus Company has no debt.

No debt BUT GOT 1.4 BILLION SHARES with little real earnings to prove.

If you OVERPAY for a lousy company struggling to squeeze income you will suffer low low and lower prices for a long long time.

And the danger is this

Insiders bought at only 18 cts through PPlacement. They can just dump to sorchai and make 100% to 200% easily in this con man game!

WAKE UP NOW!!

Why invest on Hibiscus?
An experienced and knowledgeable management team.
• Results of the first quarter ended 30 September 2016 shows strong EBITDA and financial
turnaround driven by Anasuria performance.
• A joint operator and owner of a significant cash and profit generating
business in the UK North Sea.
• The inherent value of the Anasuria Cluster has yet to be fully recognised
in the valuation of the company’s shares.
• Approval to acquire the North Sabah assets will transform the company with an increase
in:
– Proven and Probable Reserves
– Contingent Resources
– Production
• Assets are all located in secure jurisdictions.
• Company has no debt.

Calvin is drunk.. hahahahahahahaha..
Last quarter result you know it very well why the amount of profit is huge.. and you should not compare it with this quarter result... i thought you already write an article on how the last quarter result is that good? haahahahah


Posted by calvintaneng > Feb 22, 2017 01:54 PM | Report Abuse

A look at hibiscus latest result

Last quarter profit was 5.91 cts. This quarter registered a mere 0.76 cts only

SO THERE IS A HUGE DROP OF 88%!! What a terrible disappointment!

This Bombshell of a shell shocked drop will blast hibiscus off its 50 cts support.

BETTER SELL FAST AT 2.30pm when BURSA OPENS FOR TRADING.

SELL BEFORE OTHERS SELL.

THE LONGER YOU HOLD OR VACILLATE THE MORE YOUR LOSSES WILL BE!!

that profit is good! next quarter profit lagi good ~ hahahaha if the sabah petroleum scure.. the price tp will go very high~ sky is the limit! :-)

Congrats to all ~ again~ hahahaha

Hi, the RFID technology is the card scanning system (eg: touch n go, id card, emplyee id card and etc..)

B4b4, calvintaneng is balancing the market sentiments.. So when positive too much, negative is needed.. like that baru balance ma.. hahahaahaha ~ so when negative stock he picked, he will spread positive comments..

bila result keluar?

0.5 here already hold for 1 month ~ Lulz~ even price drop i didnt top up, no bullet~ haha

b4b4 is talking about fiscal policy

b4b4 is talking about fiscal policy

If contra play, it is casino table, but if you can hold very long.. then it is not.. just the feeling that might makes you crazy when the share go down :-).. still Hibiscus is a free debt company, so why worry if you can hold very long.. :-)

Hibiscus is dig, sell and earn oil. Easy. Dont speculate. Trade at your own risk. :-)

Love calvintaneng.. once he called for sell.. stock sure up.. dont know why~ hahaha

Yes CalvinTaneng finally pop out and give bad news... so THIS COUNTER WILL BE FLYING!!!!!!

@John Lu ~ Cow-vin call sell, we buy, Cow-vin call buy we sell.. :-)

B4b4, your long term TP is?

B4b4 shovel another diamond at Perisai.. LOL hahaha

Buy back now!!!

Sold ~ LOL ~ Christmas coming need some cash~ waiting for next Brent oil good news

@JJchan.. I see...

Btw.. i found that when Calvin said sell or post any blog calling for sell in AAX, then AAX will rise.. so we can consider when Calvin post bad news means good news.. hmmmm

@JJchan if brought yesterday , sell today consider as short sell?

@informer i earn little only.. im small fish.. hehe

@informer aim to sell at 0.37 haha

same.. i also waiting to sell at 0.365.. earn some at least.. haha

@informer, so now you collecting?

Out liao http://airasiax.listedcompany.com/misc/3Q16.pdf

In my opinion is good result!

People want comment let them comment lo.. ignore those sozai, sohai. Believe in yourself. Always have plan B. LOL

@radzi, Vitrox also not bad, good company management, good company culture and also having solid financial result too :-)

That 1 who said will drop back to 0.2 is zbaiktree and prince, but they all gone dont know go where~ LOL... when both of them gone, XOX fly... HAHAHAHA

sunshine after rain.... now is morning, ofcourse volume low... later afternoon maybe will go up tp 30c or 29c who knows? If drop back to 0.2 i will absorb lagi.. hahaha..

today flying again... hahaha.. richkid was always right! follow rich kid!