Leicester City FC owner eyeing Thai AirAsia

BANGKOK: The owner of Leicester City Football Club (LCFC), King Power International Group is reportedly eyeing the takeover of Asia Aviation, operator of budget airline Thai AirAsia.

According to The Nation newspaper today, King Power, owned by billionaire Vichai Srivaddhanaprabha, planned to expand into the aviation sector in a bid to increase sales at its duty-free shops.

"The Srivaddhanaprabha family has reportedly spent three billion baht (RM1=8.55 baht) buying shares in Asia Aviation, leading it to become the largest shareholder in the airline company with a 23 per cent stake," said the newspaper.

Vichai, who is also chairman of LCFC, the newly-crowned English Premier League champion, is Thailand's ninth richest man according to the Forbes magazine last year.

King Power, which bought LCFC in 2010, operates duty-free shops at the King Power Complex in Bangkok and at airports in Suvarnabhumi, Don Mueang, Pattaya, Phuket, Chiang Mai and Hatyai.

The Nation said negotiation for the takeover lasted a month before both sides agreed.

However, the newspaper also quoted chief executive of Thai AirAsia Tassapon Bijleveld who denied striking any agreement on the takeover of the budget airline. - Bernama

What kind of wave depends on 1MDB, : )

AAX has locked in 100% of fuel requirements in 2Q-4Q16 at ~US$54/bbl, other things being equal, it should be profitable, : )

ch-aviation quotes Mauritian Minister of Tourism, Xavier-Luc Duval telling L’Express newspaper that AirAsia X will likely make its African debut from Kuala Lumpur in October this year. “AirAsia X will connect Mauritius to Asia, probably in October,” he was quoted as saying. “The airline will operate four flights per week to KLIA and anticipates bringing in at least 50,000 additional tourists to our island per annum.”

Air Mauritius is currently the only airline flying the Mauritius-Kuala Lumpur route.

it looks attractive to me, who knows, one day the price will rocket up, : )

香港零售業持續慘淡‧大小商家均難做

（香港5日訊）香港特區政府商務及經濟發展局局長蘇錦梁昨日表示，“一週一行”措施實施超過一年，中國訪港旅客數字，特別是非過夜旅客數字有所下跌，屬預料之內。訪香港旅客人次下跌對香港零售業帶來一定的影響。

香港零售市場的低迷已持續約1年之久。香港特區政府統計處日前公佈的數據顯示，今年2月份的零售業總銷貨價值臨時估計為370億港元，同比大挫20.6%，從去年3月份開始每月均錄得跌幅。

香港疲弱的零售市場給眾多國際知名品牌的經營帶來壓力。英國奢侈品零售商Burberry公佈，截至3月底第四季同店銷售同比下跌5%，其中香港同店銷售連續第三季下滑超過20%，因客流量持續疲弱。意大利奢侈品牌PRADA公佈，截至今年1月底全年純利同比大跌26.6%，尤其是港澳地區業務，消費和遊客人數減少使其較其他地方“遭受更嚴重打擊”。知名精品手錶零售商喜運佳鐘錶集團正打算關閉香港2家店面。

香港零售巨頭莎莎國際公佈，截至3月底第四季度零售及批發業務營業額同比下跌15.1%。其中，港澳市場營業額減少17.9%，同店銷售下跌17.6%。莎莎國際表示，受“一週一行”政策的進一步影響和港元強勢令旅客消費意願下降，集團在港澳地區的零售業務持續收縮。

香港最大珠寶首飾商周大福公佈，截至3月底上季度港澳地區零售值同比下跌26%，同店銷售同比下跌27%。周大福表示，港澳同店銷售持續受訪港內地旅客減少和兩地消費意欲疲弱拖累，因此進一步惡化。

銅鑼灣是訪港旅客喜歡去的購物地點之一，這裡匯聚眾多國際知名品牌，店舖租金一直高企。經營鐘錶的商戶鍾先生說，已經與業主提出提前解約，現在的生意比以前差很多，每天沒幾個人進來，但一個月租金要上百萬港元，根本承受不起。訪港中國旅客減少，鐘錶珠寶這類高端奢侈品消費受到巨大衝擊，而這類店舖位置較好，租金很高，去年底到今年初，已有幾家珠寶鐘錶行解除租約。

香港零售市場的衰退不僅給大型商家造成衝擊，很多小型商戶也受到了影響。

旺角匯聚了很多小型商舖，也是訪港旅客喜歡光顧的購物地。在旺角經營藥店的李先生說，從去年開始，市道就越來越差，最近幾個月的淨利潤同比減少近三成。“五一”期間的遊客較多，銷售情況有所回昇，但假期結束後，從5月3號開始，顧客仍然比較少。

在旺角經營一家小型服裝店的李小姐說，服裝店已經營了5年，今年的銷售情況是最差的，最近幾個月的利潤直線下降，如果情況一直如此，將準備結業。業主之前下調了租金，所以才堅持一段時間，但目前來看，即便租金有所下調，但利潤仍然很薄，附近的商舖已經有幾家空置了。

香港飲食業職工總會介紹說，自3月11日開始，已收到18間酒樓食肆結業的消息，包括中式酒樓、日式餐廳和茶餐廳等，共涉及1075名員工，而去年同期僅有3至5間酒樓食肆結業；與此同時，還有不少餐廳裁減人手，重整業務。（中新社）（星洲網）

EPF blocking, don't expect any movement until listing of EWI in June, : )

waiting for rocket next week, : )

Thanks for sharing, : )

In Malaysia today, TA Securities Holdings Bhd said concerns on 1MDB's debt could lead to market volatility.

TA said "concerns over further cross default on 1MDB's next interest payment due May 11 on another bond issue could see market volatility remaining high."

In Malaysia today, TA Securities Holdings Bhd said concerns on 1MDB's debt could lead to market volatility.

TA said "concerns over further cross default on 1MDB's next interest payment due May 11 on another bond issue could see market volatility remaining high."

this counter can goreng, i like it, : )

technically Ecoworld looks good, i think will breach 1.32 next week, short term TP 1.35, enjoy the games : )

RSI 13.6, ha ha

just like Airasia, Eco World’s proposal to undertake a placement exercise of up to 591 million new shares sends a strong signal to the market about the major shareholders’ confidence in the company’s future performance.

yes, rebound is matter of time, i already hv 200,000 units avg 1.285, enjoy, : )

FF selling, 1MDB, scary

based on FA and TA, i hv no choice but to buy at 1.28, : )

don't hv to wait till next year, 2 mths later u will laugh all the way to the Bank, : )

the drag on the announcement of Bank Negara Malaysia governor's successor would also further dampen market sentiment.

The default of the US$1.75 billion bond by 1Malaysia Development Bhd (1MDB) is expected to weigh down the ringgit in the near term and the issue that country's sovereign rating would be revised may also resurface, according to Hong Leong IB Research (HLIB Research).

1MDB confirmed yesterday that it has defaulted on a US$1.75 billion bond issue after neither it, nor Abu Dhabi's IPIC, made a US$50 million interest payment.

In a note to clients today, HLIB Research economist Sia Ket Ee said the default had made a new twist to the already subsided fiscal risk after Budget 2016 recalibration on Jan 28 this year.

"We now expect speculation of sovereign downgrade to resurface, despite a mini rally in crude oil prices that has removed the oil revenue uncertainty," he said.

According to him, in the scenario where IPIC decides to default and ultimately call on the guarantee of the Malaysian government on the US$1.75 billion bond, the additional liability (circa RM6.9 billion) could potentially balloon the fiscal deficit level by 0.6 percentage point to 3.7% of gross domestic product (GDP).

Sia also expects the ringgit to experience weakening bias to above RM4 to the greenback in the near term on macro concerns.

casino stock, : )

where got so many trick, : )

The Star business

Public Invest Research said although it anticipates the low-cost medium haul carrier to turn around by this year attributable to operational efficiency and lower fuel cost, “we believe this has already been priced in

Public Invest Research said AAX has hedged 100% of its fuel cost for FY16 at an average of US$54 a barrel.

RSI 0.15, wow, bei ta han,bought 100,000 (100 lots) at 1.29, : )

without Zeti, bolehland still boleh or not, ha ha ha

are we still okay without Zeti, 1MDB really default ? : )

1mdb in default, Zeti official last day on 30 April, no joke !

Q2 will definitely affected by RM movement

1mdb in default, Zeti official last day on 30 April, no joke !

chili sauce, : )

AAX will follow AA's movement, logic, : )

wow, below 2 already

RSI below 20, going to move up soon, : )

丹斯里洁蒂博士退休在即,市场情绪肯定会受到打压，甚至可能出现反应过度的局势。

never underestimate the power of T4 (force selling) and margin call

the power of T4, : )

angelinaloke, 加油，: )

在国家银行总裁接班人选未明之际，丹斯里洁蒂博士退休在即，马来西亚经济研究院预言，在她本月尾告别国行后的2至3周，市场情绪将被牵动，进而导致令吉趋软。

洁蒂将在下月退休，届时，市场情绪肯定会受到打压，甚至可能出现反应过度的局势。

“这个预料中的事件，肯定会对我们造成影响，因为从去年的经验来看，市场情绪拖累我国外汇储备和令吉兑美元双双陷入颓势，足以看出市场情绪的重要程度。”

yes, Hiu, u r right, Malton, good potential, : )

rebound is matter of time, : )

1.31 attractive, : )

Show Time, enjoy, ha ha ha

go yiam cha 1st, later got show, up or down must ask my dear pussycat, : )

according to pussycats, AAX is like sxx, she like sxx (comment deleted), ha ha ha

i love pussycats, hihihihihihi

must ask pussycats got shake off or not today, : )

Pussycats related to Cindycats ??? kikikikiki

today got show or not, : )