1.70 now

Air Asia PH reduces losses, expects to break even this year

The Philippine unit of Southeast Asia’s largest budget airline said net loss fell 46 percent to P3.09 billion in 2015 from P5.18 billion in 2014.

Air Asia Inc., operator of Air Asia Philippines, posted a net loss of P118.79 million in the October-to-December period from a loss of P1.28 billion year-on-year.

“We are proud to have turned around our operations [in the Philippines] in this quarter and achieved figures close to breakeven,” AirAsia Group chief executive Tony Fernandes said.

Fernandes said the company expects a similar trend this year, with a revenue improvement of 25 percent to 30 percent projected in the first quarter of 2016 from a year ago.

“In addition, our forecast shows high load factor in the current quarter, which coupled with low oil prices, is expected to allow us to continue achieving break even or even profitability in our Philippines’ operations in the coming months,” he said.

The company’s revenues amounted to P8.93 billion in 2015, up 18 percent from P7.54 billion in 2014.

The airline company attributed the 19 percent growth in revenue to the increase in the number of passengers carried, as capacity rose 3 percent year-on-year.

Air Asia Philippines carried 3.59 million passengers in 2015 from 3.03 million last year, while load factor rose to 81 percent.

The airline has 14 operating aircraft serving domestic destinations, such as Kalibo (Boracay), Puerto Princesa (Palawan), Tagbilaran (Bohol), Cebu and Tacloban. It also flies to China, Korea, Macau and Hong Kong.

“We will be disciplined and continue with our planned retirement of two remaining inefficient aircraft in first quarter of 2016 as well as matching capacity growth with demand, while pushing forward with our plans to market the Philippines as an untapped tourist destination with great potential as part of the governments campaign to ‘Visit the Philippines Again 2016’,” Fernandes said.

Malaysia’s Air Asia, through AA International, owns 40 percent of Philippines’ Air Asia Inc., while Filipinos Marriane Hontiveros, Michael Romero, Antonio Cojuangco and Alfredo Yao own the balance of 60 percent.

hoot

LOLZZZZZZZ rocket

market proven i am wrong, AIRASIA shall continue uptrend.... heading to rm 1.70

triple top formed in SKPETRO

above rm2 just sell

worry SKPETRO will be HIBISCSC , THHEAVY, PERISAI, later report hundreds million of loss......

rm2 resistance liao.............. around rm2 just sell

geng

see whether can break recent high 26c

dow jones up 348 points , see whether OCNCASH can up

see how today move, DOW up 348 points

bought 16.5c

can go up?

CLOSED 68.5C

close 40.5c

close 51c

below 52c just buy

suddnely spike up, congrat those buy around 34.5-35c

keep going up, geng

i notice retailer keep throwing 52.5- 53.5c

wonder who the retailers keep selling

profit lower a bit compared with previous quarter, shall be much better than those loss making company such as HIBISCS, MAYBULK, PERISAI, THHEAVY

52.5c collect again

In Indonesia, the construction of the factory buildings is in progress and expected to complete in June 2015. Our new machine, second (2nd) production line will be installed and commissioned during the third (3rd) quarter of 2015.

After the 2nd production line is operational, we will relocate the existing (1st) production line from the rented premise to our new factory buildings at the end of 2015. The two (2) production lines would be fully operational in the new premise in 2016.

this quarter result slightly lower than previous quarter, but still ok.
cash reserve a lot, good fundamental

i bought 40.5c, u seems quite good price to enter

hopefully lo

this stock sometimes no volume one.... like today

greatful , that's why i sapu around 35-35.5c

dono why those so zai keep throwing 53.5c, as 54c seller so little.

now can collect 53.5c

i sold 73c

73.5c

now 73c...........

see whether can go back above 35 c or not, so far support level at 35c

walao, 35c break

wtf.......... 35c

Circular To Shareholders In Relation To Proposed Authority to Dufu Technology Corp. Berhad to Purchase Its Own Ordinary Shares of up to Ten Percent (10%) in the Entire Issued and Paid-up Share Capital of the Company at any Given Point in Time

We refer to the Company’s announcement on 21 January 2016 in relation to the memorandum of understanding (“MOU”) entered into by KTC Consolidated with SCGM Bhd on the same date.

Subsequent to the signing of the MOU, the Board of Directors of KTC Consolidated wishes to announce that Kim Teck Cheong Distribution Sdn Bhd (“KTC Distribution”) and Kim Teck Cheong (Sarawak) Sdn Bhd (“KTC Sarawak”) (hereinafter referred to as “Distributors”), both are subsidiaries of the Company had on 20 February 2016 entered into the distribution agreements (collectively referred to as “Agreements”) with Lee Soon Seng Plastic Industries Sdn Bhd, a wholly owned subsidiary of SCGM Bhd (hereinafter referred to as “LSSPI” or “Owner”), respectively to undertake the distribution and sale of finished goods products manufactured and sold by LSSPI (“Product”) in Sabah and Sarawak respectively on the terms and conditions as stipulated in the Agreements.

The details of the announcement are set out in the attachment below.

This announcement is dated 22 February 2016.

komark koyak already, can buy meh?

Jonathan Keung , u want sapu some? this is a good buying oppurtunity. better than buy O&G stocks

like this next quarter got chance to make much profit, since u said is expansion stage

35.5-36c just sapu, trade technical purely no need care much on fundamental

54c can sapu some, wait higher lo

bought 54c

I am just trade based on techincal, since 35 is support, i buy lo, resistance will be 40c

i take risk, get 35.5c too

i buy first, 35.5c