Activetrader pointed out, this share is so cheap. I owned CIMB, loved it. I don't care what the share price do in the short term. I really like an aggressive CEO, one with long term vision. Now Nazir is the chairman only, but that is still as good. For short term, you will not make much. Think of the long term potential.
1. SEA market, CIMB is in every place already except phil.
2. CIMB IB is the best there is.
3. CIMB service is top notch, i loved it.
4. I still can go to a branch and open account on passbook only, MBB no more.
5. Indonesia is where CIMB is well positioned. And the market tanked already there. This is priced into the stock. But when indon turns around (in one yr time or less), CIMB stands to make good money. So do we.
6. CIMB acted prudently in issuing DRIP, to increase capital based, and the issue new shares to fully solved capital base issue.
7. Now CIMB used this capability to acquire two banks at the same time! This is very aggressive in my opinion and tough to do. But Nazir thinks it is necessary and i also think so too.

Bottom line, short term, tough, long term ok. If you want to accumulate, buy it and hold it and enjoy the dividends. And after some years, this stock will go up a lot imo.
Cheers

Look for longer term prospects. My take is Ql is almost properly priced at the moment. I like Chia's aggressive stance, it bodes well for the long term in terms of getting a good grasp of the market. Further QL should move aggressively overseas in the SEA region. If they continue to do so in the Q report, we should hold on to the shares.

Thanks for the translation. It is logical for them to issue new shares, perhaps a rights issue too. Existing shareholders can buy at a discount. Also instead of subscribing to more debt to pay for planes, I actually prefer share issuance. Seems dilutive, but the final effect is the same. Also a share issuance will ensure TF and co will have to fork his own money to buy it, which is good for all of us.
Looking at long term, in my view AAX is more sensitive to oil price than AA, due to its longer duration flights. The price differential between AAX and other airlines is very narrow. AA group main advantage is the fast and efficient turnaround of planes on the ground, so not so much for AAX.
So for long term, i can see AAX turning into more of a full fare airlines, once it conquers the market. It is so simple to do, just raise fares, and the losses will immediately disappear. I think for long term, it has great potential.

Of course i am sure you all follows this mantra...never put all in one basket...me too lah..so i am not worried..overall this yr i am still positive...much thanks to QL!

What's wrong with our local airlines you asked? MAS is one thing lah, this baby is sucking money from gov, then reduce prices, until semua org rugi. Even tiger air suffers. And of course, SEA now have many startups airlines, but airasia is still voted the best and also the largest. I am not worried because airasia is still the lowest costs of all of the airlines...in fact they are the lowest cost provider in the whole world..
Speaking of core net loss, how to sell if it is already driven down, we just watch and see what happen next. We need to read the Q report in detail first.What i like is aax continue to carry more passengers, up by a wide margin..

This is how warrants works.

If it is actively traded, the warrant issuer do not make money on it. The exchance operator, i.e. BursaM will make the money.

They issue the warrant which can be converted to the linked share, at certain conditions. So they float the warrants, people buys it and they got the money in their hands.
For one of AAX warrant, they issued say 100 mil shares, the price is say 10 cents, so they will get about 10 mil in their pocket. Now when the warrant expires, if it is above the set price, this warrant issuer will lose its shirt like i said. Reason being they collected RM10 mil, now must fork maybe 14 mil or more, to deliver the shares. This is the same whether cash basis or not.

Now most of the time (80% of the time or better), they sure to make their money because they researched deeper than us the retail guys. They know things that we don't. So they issue the warrant quickly and sure enough, 80% of the time they will freely pocket the RM10 mil. This is an easy game for them.

This is why you should never buy warrants, unless you are 81% or more, meaning more confident than the issuer that it will go up. And for contra players, they love warrants because since it is linked to the mother share, any small change at the mother share, the changes at the linked warrants can be up to 1000% more. But if go down, can hold for longer lah...but if never goes up..hangus...
for people like us who actually hold the shares...don't care, because the share never hangus..unless the co bungkus lah

Dear All,

I want to contribute and new here. I am a fan of Mr Tony due to his fighting spirit. I have done my research 6 months ago and at that time i concluded oil price was heading down. Of course everyone was predicting it is going up to 140. Turns out i was right, just like when i say gold will fall bad. When i do it, i do my research deep.

Anyway, for disclosure, i spent every single investment money i have to buy AAX and AirAsia. They have good things going for the future (far future of course). They also have wifi services coming up, this is a good way to make extra money on board. And the best part is the possibility of using India as the mid point to link to Europe. I am sure Tony is tired of flying of other airlines on his routine visit to his football team you know where.

Now like wisdomboy and others who said, some powerful people are selling the shares, everytime it went up. This is so true. My assessment is from the following:

There are many outstanding warrants for AAX, issued by Malaysian banks/brokerage houses. They are essentially betting against other retail investors (us) that AAX will not go up beyond 70+ cents. Check out all the outstanding warrants. This means if AAX goes above their warrant prices, they will lose money and warrant holders will win. No way they will want this to occur. They don't issue warrants to make losses. This is why warrants can be really dangerous for retail investors. Now if the stocks move higher than 80 cents and stays there until expiry of those warrants, they will all lose their shirts. My take is they are in a concerted effort to press down the share price, until it does not make sense. In USA, airlines stocks are alll up 50% or more. Problem is AAX warrants are months away from expiring, and i don't know just how much share those sellers have in their pockets to keep selling. Also i don't understand why the seller is, and keep selling. Theoretically they will make more money if they hold on to it, and forget the warrants, it is only loss of a few million there.

Anyway, i like the comments here, and i like that some people do have long term view and are really patient kind of people, concerning the losses thus far. Also knowing Tony etc, i don't think he will let AAX to be in the red for long, it is just not good. He will do something to make it positive, for the benefit of airasia group.

This is my take. Cross your fingers for the Q report soon.