Thai AirAsia reported (12-May-2014) revenue increased 7% year-on-year to THB6.5 billion (USD199.6 million) and net profit decreased 66% to THB246.9 million (USD7.6 million) in 1Q2014.

Reduced profit was attributed to increased fuel, leasing and MRO costs and the depreciation of the Thai baht. Careful now as Airasia will be next!

So did you guys make some during my absent? Wakakakakakakakakak!!

'Bull Trap'

A false signal indicating that a declining trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.

A bull trap often causes some investors to buy the stock, but because the stock continues to decline after the initial signal, those who bought in are "trapped" in a bad investment. Heheheheheheheheh!!

Anyone caught in the bull trap? Risk comes from not knowing what you're doing! Hahahahahahahah!!

It's Friday & party time! Cheersssss!!

Last but not least from MIDF, "However, the research arm is placing its current target price under review as it is likely to revise this downwards to reflect industry fundamentals."

So folks, the next time please read slowly & surely on the report just like what the local & foreign funds are doing now, dumping slowly & surely not to cause a panic'

Sooner or later the rush to dump this share will trigger a panic selling can't be avoided anymore, folks! Careful now! Hahahahahahah!!

Revenue:
1Q14: Good or Bad?
4Q13: Rm1.354b
3Q13: Rm 1.280b
2Q13: Rm 1.246b
1Q13: Rm 1.301b

Operating expenses:
1Q14: Bad or Ugly?
4Q13: (Rm1.039b)
3Q13: (Rm 988.2m)
2Q13: (Rm1.002b)
1Q13: (Rm1.045b)

Operating Profit or "Core Profit"
1Q14: 105.000m projected by MIDF
4Q13: 315.009m
3Q13: 291.061m
2Q13: 243.940m
1Q13: 254.928m

Finance Income
1Q14: Good or Bad?
4Q13: Rm13.737m
3Q13: Rm16.394m
2Q13: Rm14.306m
1Q13: Rm19.771m

Finance Costs
1Q14: Bad or Ugly?
4Q13: (Rm110.327m)
3Q13: (Rm106.343m)
2Q13: (Rm109.412m}
1Q13: (Rm106.294m)

Foreign Exchange gains/(losses) on borrowings
1Q14: Bad or Ugly?
4Q13: (Rm39.041m)
3Q13: (Rm185.885m)
2Q13: (Rm122.718m)
1Q13: (Rm37.688m)

Forex gain/(loss) on amt due from associate
1Q14: good or bad?
4Q13: (-Rm5.856m)
3Q13: Rm9.884m
2Q13: Rm8.228m
1Q13: Rm4.889m

Profit Before Tax
1Q14: Bad or Ugly?
4Q13: Rm173.522m
3Q13: Rm25.111m
2Q13: Rm112.609m
1Q13: Rm131.840m

So folks, will the PBT be bad or ugly? Hehehehehehe!

Again on "Core Profit:, folks!

Revenue:
4Q14: Good or Bad?
4Q13: Rm1.354b
3Q13: Rm 1.280b
2Q13: Rm 1.246b
1Q13: Rm 1.301b

Operating expenses:
1Q14: Bad or Ugly?
4Q13: (Rm1.039b)
3Q13: (Rm 988.2m)
2Q13: (Rm1.002b)
1Q13: (Rm1.045b)

Operating Profit ("Core Profit")
1Q14: 105.000m Projected by MIDF
4Q13: 315.009m
3Q13: 291.061m
2Q13: 243.940m
1Q13: 254.928m

What a pity, folks! Risk comes from not knowing what you're doing! Will the 1Q14 profit after tax be bad or ugly? Hehehehehehehe!!

"Core Profit"

The profit earned from a firm's normal core business operations. This value does not include any profit earned from the firm's investments (such as earnings from firms in which the company has partial interest) and the effects of interest and taxes.

Also known as "earnings before interest and tax" (EBIT) or "operating income". Careful now! Hahahahahahahah!!

MIDF expects Airasia to report a 1Q FY14 core profit of RM105m when it announces the number on May 20. Folks, now the big question: do you understand what is a "core profit"?

Heheheheheheheh!!

On Wednesday, Swamy "condemned" the grant of AOP to AirAsia and said it was done in "reckless disregard of the rules and regulations". He said in a statement: "The matter has been under the purview of the Election Commission... the hurry of the government is inexplicable." He added the "obscene hurry" to grant the licence before a new government took charge suggested corruption.

Read more here: http://www.smartinvestor.in/market/Compnews-240284-Compnewsdet-AirAsia_India_gets_licence_to_fly.htm

Wakakakakakakakak!!

Meanwhile, BJP leader Subramanian Swamy on Thursday (8 May) moved the Election Commission urging it to put on hold the issuance of Air Operator's Permit (AOP) by aviation regulator DGCA to AirAsia India till the next government takes over at the Centre.

Swamy alleged that the grant of the flying licence was a "violation" and that it had been done disregarding his complaint to the Election Commission.

Questioning the hurry in granting the licence in the light of a case pending against the issue in the Court, Swamy asserted that offering low fares is an inducement to voters.

"The owner has announced that he would be giving cheapest fares, which is a clear inducement to voters. It's a violation in itself," he alleged.

What will the verdict be? Careful now, folks! Heheheheheheheh!
Hmmmmm..interesting.......time to buy AA now? No folks as still too high at current level. You will be rewarded is you are patience, folks!Precise buying price 1.70-1.85! Heheheheheheh!!

Wakakakakakak.....me & my folks here waiting to buy at a right time & right price.

Suddenly quiet! Must be back to their work place! What a pity investing your hard earned cash at a right counter but at a wrong time & price. Must be an expensive lesson paid to Bursa though!

Wakakakakakakak!!

Folks, you guys are working so please concentrate on your work! Your are paid to works so please do so. Heheheheheheheh!!

Delhi High Court on Thursday (8 May) agreed to hear a plea by Federation of Indian Airlines (FIA) challenging the grant of flying licence to AirAsia India by aviation regulator Directorate General of Civil Aviation (DGCA).

A bench of Chief Justice G Rohini and Justice Rajiv Sahai Endlaw posted the matter for hearing on Friday (9 May).

The interim application moved by FIA sought to restrain AirAsia India from commencing its scheduled air transport operations during the pendency of the petition.

The plea also sought "to restrain the Centre from granting any decision or grant of any further approvals/permissions/NOC/permits in favour of AirAsia India". It submitted a direction be issued to DGCA to restrain AirAsia India from scheduling flights and selling tickets to the passengers.

So folks, what will the verdict be? In AA India favor or FIA? Hmmmm..!!

Wakakakakakakakkaak!!

Folks, my working time: when bursa is opened!
Sat, sun & public holiday: Cheers!!
Friday: time to party!

Ignorance is an enemy, even to Keith Swl.
Knowledge is a freind, even to its hater.
Ignorance hates knowledge because it is too pure.
Knowledge fears ignorance because it is too sure.

How? Hahahahahahahah!!

Last but not least from MIDF: However, the research arm is placing its current target price under review as it is likely to revise this downwards to reflect industry fundamentals.

The next time please read slowly & surely on the report just like what the local & foreign funds are doing now, dumping slowly & surely not to cause a panic'

Sooner or later the rush to dump this share will trigger a panic selling can't be avoided anymore, folks! Careful now! Heheheheheeh!!

Revenue:
4Q14: Good or Bad?
4Q13: Rm1.354b
3Q13: Rm 1.280b
2Q13: Rm 1.246b
1Q13: Rm 1.301b

Operating expenses:
1Q14: Bad or Ugly?
4Q13: (Rm1.039b)
3Q13: (Rm 988.2m)
2Q13: (Rm1.002b)
1Q13: (Rm1.045b)

Operating Profit (Core Profit)
1Q14: 105.000m Projected by MIDF
4Q13: 315.009m
3Q13: 291.061m
2Q13: 243.940m
1Q13: 254.928m

What a pity, folks! Risk comes from not knowing what you're doing! Will the 1Q14 profit after tax be bad or ugly?

Hehehehehehehe!!

:Core Profit"

The profit earned from a firm's normal core business operations. This value does not include any profit earned from the firm's investments (such as earnings from firms in which the company has partial interest) and the effects of interest and taxes.

Also known as "earnings before interest and tax" (EBIT) or "operating income". Careful now!

Folks, MIDF expects Airasia to report a 1Q FY14 core profit of RM105m when it announces the number on May 20.

Now the big question: do you understand what is a "core profit"? What a pity! Hahahahahahaah!!

Folks, a senior DGCA official said: “After inspections got over last week, we issued AOP on wednesday to AirAsia to launch commercial operations."

The approval is subject to the final decision of the Delhi High Court, which is to hear on July 11 Bharatiya Janata Party leader Subramanian Swamy’s petition against grant of permit to AirAsia.

"The issuance of AOP is subject to the applicant fulfilling all laid-down conditions. Its outcome cannot be stated at this point, since the process is still on. The decision shall be subject to the decision of the Delhi High Court," the civil aviation ministry had said in its letter.

Folks, the DGCA on Wednesday granted an air operator’s permit (AOP) to AirAsia, paving the way for the airline company to launch low-cost services in the country.

AirAsia India is to launch services from its Chennai hub with three Airbus A320 aircraft. But the airline, facing a legal challenge in Delhi High Court, remains undecided on launch date.

Folks, a politician of India's main opposition Bharatiya Janata party, which is the favourite to form a government after a general election ending this month, had opposed AirAsia's entry into the Indian market.

End of this month, folks! The truth hurts! Hahahahahahaha!!

The petition of the Federation of Indian Airlines (FIA) alleged that the DGCA’s grant of the flying licence to AirAsia was in “complete defiance of this court’s order as the matter is sub judice”.

The plea, moved by senior advocate Mukul Rohatgi, also sought “to restrain the Centre from granting any decision or grant of any further approvals/permissions/NOC/permits in favour of AirAsia India”.

It submitted a direction be issued to the DGCA to restrain AirAsia India from scheduling flights and selling tickets to the passengers. The truth hurts! Heheheheheeeh!!

Folks, you don't want to know the truth! The truth hurts, right? AirAsia in trouble over grant of flying licence! Hahahahahahahah!!

View the video here: https://in.finance.yahoo.com/video/airasia-trouble-over-grant-flying-175004550.html

Folks, an Indin airlines industry body, and a politician of India's main opposition Bharatiya Janata party, which is the favourite to form a government after a general election ending this month, had opposed AirAsia's entry into the Indian market.

New government by end of this month? Hmmmmmmm...how will the fate of AA India be? Only time will tell.

Hahahahahaaa!!

AirAsia in trouble over grant of flying licence! Hahahahahahahah!!

The Delhi High Court agreed to hear a plea by Federation of Indian Airlines (FIA) challenging the grant of flying licence to AirAsia India by aviation regulator DGCA. FIA has filed two separate petitions challenging the approvals being granted to AirAsia India and Tata-SIA Airlines deals respectively. BJP leader Subramanian Swamy has also filed a PIL opposing the clearance granted to the deal.

View the video here: https://in.finance.yahoo.com/video/airasia-trouble-over-grant-flying-175004550.html

Folks, the weak ringgit will still dent AA’s earnings as a weak ringgit is not good for airlines in Malaysia, as most of their costs are borne in US dollars, specifically for fuel, airport charges, aircraft parts & borrowings.

So will there be growth in the 1Q14? Hmmmmmmm..!!

Folks, you don’t need to incur lots of risk in order to perform quite decently. This stock is on relentless tendency to regress towards its long-term mean, below rm2?

Folks, shares of stock lose value when company profits drop or investors believe that company profits will drop! How? Will the weak rally continue?

Hmmmmmmmmmmmmmmmmmmmmmmm..!!

AA is lowering its airfares & increase capacity to sustain these loads to raise awareness and stimulate demand. Thus, this action has caused overcapacity in the market & yields expected to drop, attributed to intensifying competition from other LCCs.

Beware of the little expenses; a small leak will sink a great ship. Hahahahahaha!!

Folks, face the facts and move on. It is wise to direct your anger towards problems not people, to focus your energies on answers not excuses. This stock is on it way south!

Hahahahahahahah!!

Are you buying a disaster on its way down thinking you are averaging your costs? Heheheheheheh!!

Will th weak rally continue?

As per Bursa announcement 721,5000 of AA shares were sold today under Regulated Short-Selling at Rm2.237 per share. So what do that tell you you, folks?

Careful now! Hahahahahahahha..have a good sleep tonite as tomorrow will be a rough day for AA as bad whether expected!

The signs are all very crystal clear, folks! The beginning of the end for this stock to stay above rm2!

If a business don't do well, stock eventually follows! The local & foreign funds are dumping slowly & surely! Careful now before panic selling set-in!

Wakakakakakakakakaak!!

So folks, after the 1Q14 financial results is out what next for the TP? Could it be a much lower TP maybe below Rm2 by some research houses?

Hmmmmmmm..by then with weak 1Q14 results, panic will set in to drive the price even much lower from the previous TPs! Few days later after the 1Q14 announcement, research houses reassess the results with new TPs advice.

Only than you realized that the investor of today does not profit from yesterday's growth. How? Expensive lesson learned though! Hehehehehehehe!!

Target Price:

By CIMB
14/04/14: TP 2.40 (Latest)
21/11/13: TP 2.55
22/08/13: TP 3.45

By MBB
17/02/14: TP 2.80 (Latest)
21/11/13: TP 2.80
22/08/13: TP 2.95

By Kenanga
27/02/14: TP 3.01 (Latest)
21/11/13: TP 3.51
28/10/13: TP 3.51
22/08/13: TP 3.51

By RHB
13/02/14: TP 3.08 (Latest)
27/12/13: TP 3.70
14/11/13: TP 3.63
22/08/13: TP 3.94
16/08/13: TP 3.94
21/06/13: TP 3.94
23/05/13: TP 3.94

By MIDF

27/02/14: TP 3.47 (Latest)
21/11/13: TP 3.78
22/08/13: TP 3.78

By HWANGDBS
27/02/14: TP 2.20 (Latest)
03/10/13: TP 2.90
22/08/13: TP 2.90

By ALLIANCE
27/02/14: TP 2.41 (Latest)
27/09/13: TP 4.20

By TA
27/02/14: TP 2.74 (Latest)
24/09/13: TP 3.91

By HLG
10/04/14: TP 2.22 (Latest)
22/08/13: TP 3.08

If stock market experts were so expert, they would be buying & selling stock, not giving advice. Now the big question: how many got burned buying on TPs advice?

Must be an expensive lesson learned thou! Investors have short memories! Heheheheheheheheh!!

If stock market experts were so expert, they would be buying & selling stock, not giving advice. How?

Heheheheheheheheh!!

Airasia Group Revenue:
1Q14: Good or Bad?
4Q13: Rm1.354b
3Q13: Rm1.280b
2Q13: Rm1.246b
1Q13: Rm1.301b

Operating expenses:
1Q14: Bad or Ugly?
4Q13: (Rm1.039b)
3Q13: (Rm0.988b)
2Q13: (Rm1.002b)
1Q13: (Rm1.045b)

Finance Costs
1Q14: Bad or Ugly?
4Q13: (Rm110.327m)
3Q13: (Rm106.343m)
2Q13: (Rm109.412m}
1Q13: (Rm106.294m)

Foreign Exchange gains/(losses) on borrowings
1Q14: Bad or Ugly?
4Q13: (Rm39.041m)
3Q13: (Rm185.885m)
2Q13: (Rm122.718m)
1Q13: (Rm37.688m)

Profit After Tax
1Q14: Bad or Ugly?
4Q13: Rm245.357m
3Q13: Rm35.482m
2Q13: Rm58.348m
1Q13: Rm104.793m

So folks with weak ringgit USD dominated borrowings, fuel prices, aircraft deliveries, airport charges & spare parts will become more expensive!

Worse still stiff competition has caused overcapacity & lower yeilds. 1Q14 financial results will be poor.

Don't believe just wait & see! The poor financial results will bring the share price below Rm2, folks! Hahahahahahahaah!!

PN17, please refer to Airasia website on the operating statistics!

Folks, ringgit Vs dollar during the 1Q14:

Jan 2014: Low 3.25 High 3.35
Jan 2013: low 2.94 High 3.05

Feb 2014: Low 3.28 High 3.35
Feb 2013: Low 3.03 High 3.11

Mar 2014: Low 3.25 High 3.31
Mar 2013: Low 3.03 High 3.13

The adverse forex movement is likely to dampen FY1Q14 earnings. Weak ringgit against US dollars would have inflated the import cost of fuel price & interest expenses, folks!

How?

Airasia Group Operating statistics:
Capacity
1Q14: 14,652,900 (supply)
4Q13: 14,649,033
3Q13: 13,917,211
2Q13: 12,475,260

Passengers Carried
1Q14: 11,481,386 (demand)
4Q13: 11,808,514
3Q13: 10,607,642
2Q13: 9,994,525

Unoccupied Seats
1Q14: 3,171,514 (increase in seat not taken)
4Q13: 2,840,519
3Q13: 3,309,569
2Q13: 2,480,735

Load Factor
1Q14: 78% (poor load)
4Q13: 81%
3Q13: 76%
2Q13: 80%

Available Seat Kilometres (ASK)
1Q14: 16,271 (supply)
4Q13: 16,144
3Q13: 15,659
2Q13: 14,105

Revenue Passenger Kilometres (RPK)
1Q14: 12,774 (less revenue passengers carried)
4Q13: 13,034
3Q13: 12,206
2Q13: 11,359

Number of flights flown
1Q14: 81,405 (increase aircrafts but less flights flown)
4Q13: 81,507
3Q13: 77,441
2Q13: 69,281

Number of aircraft including spares
1Q14: 157
4Q13: 154
3Q13: 142
2Q13: 121

1. Overcapacity has caused 3,171,514 of seats unoccupied in the 1Q14. Available Seat Kilometres were at 16,271 but sadly there were only 12,744 Revenue Passenger Kilometres in the 1Q14.

2. Eventhough in 1Q14 AA group has received 3 extra aircraft, a decrease in number of flight flown. How many flights were cancelled?

3. Without flights cancellation, the load factors will be much lower folks!

So are you ready for the perfect storm ahead, folks? Hahahahahahahah!!

Pleaswe view here: http://www.airasia.com/docs/common-docs/investor-relations/preliminary_operating_statistics_1q14.pdf?sfvrsn=2

Remember folks, with weak ringgit plus increase in staff, aircraft & other operating costs the 1Q14 financial results will be poor.

I ready & waiting to pick up this share below Rm2? Are you folks? Hahahahahaha!!

Folks, the Indian AOP is for one year because they have one aircraft. They have to bring four more aircraft within one year after which the AOP would be extended by another four years," said DGCA chief Prabhat Kumar. AirAsia India plans to have a 10-aircraft fleet within a year.

Whatever it is the fact is 1Q14 finansial results is going to be poor! Opportunity to sell before hell break loose! Should be below rm2.

Remember folks, buy low & sell high! Hahahahahahahahah!!

AA India is closer to starting its operations in India. The aviation regulator today issued air operator permit to the airline.

However folks, it could be sometime before the airline actually takes off. A public interest litigation is pending before the Delhi High Court over granting of approvals to AA India.

Besides, earlier this week BJP leader Subramanian Swamy had urged the Election Commission to restrain India's aviation regulator from giving flying licences to AA's venture till a new government takes over.

Besides Mr Swamy, the Federation of Indian Airlines has filed two separate petitions in the court challenging the approvals granted to the AA India.

Time will tell, folks! Heheheheheheheheh!!

Will the weak rally on India AOP continue knowing the 1Q14 financial results will be poor? Hmmmmmmm..time will tell. Careful now, folks!

Hahahahahahahahaha!!

Price Performamce:

01 month
High: 2.40 (08/04/14)
Low : 2.19 (06/05/14)

03 months
High: 2.57 (28/02/14)
Low : 2.19 (06/05/14)

12 months
High: 3.54 (05/06/13)
Low : 2.18 (27/12/13)

Folks, are you buying a disaster on its way down thinking you are averaging your costs, folks? What a pity, folks!

If a business don't do well, stock eventually follows! Don't believe look at the price performance! The 1Q14 financial results will be weak! Wakakakakakakaakak!!

Now the big question: will the weak buying continue? Hmmmmm..if a business don't do well, stock eventually follows!

Heheheheheheheheheeh!!