There is a concerted effort by IBs and their analyst..... to kill off all self-help arm-chair analyst in investment forums..... to reclaim their face and place at the top of the food chain

Believe it or not? : )

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Taken out the SMA 200 today.... : )



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EPF not disappointing...... bought again... : )




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Switch to C la... my Cs are doing OK

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: )


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FY16

expected to continue grow mainly from traffic and yield recovery and low jet fuel price


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HLIB.... increase TP to 2.14


AirAsia (BUY çè)

FY15 within Expectations

Within Expectations – Reported 4Q15 core earnings at RM264.7m and FY15 at RM595.6m, 105.1% of HLIB forecast.

Included accumulated RM450m maintenance charges to associates and gain of RM320m from disposal of 25% stake in Expedia as well as accumulated losses of RM797.7m losses in IAA (backed by RM625m equity injection in 3Q15) and RM78m losses in PAA, after AirAsia convinced auditor of upcoming equity injection by 1H16.

FY15 core revenue improved by 8.3% yoy on 11.0% yoy growth in traffic, while margin expanded on lower unit cost operation (mainly due to lower effective jet fuel cost)

MAA and TAA operation are expected to continue grow (mainly from traffic and yield recovery and low jet fuel price) in FY16.

Management remained upbeat on IAA and PAA potential turnaround with its ongoing restructuring plans.

Maintain confident on AirAsia prospects and maintain BUY with higher TP RM2.14 (from RM2.00) based on SOP.

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271,000,000÷15,000 = 18,067 per person

18,067 shares each by 15000 AirAsia die hards... not possible??

And... r°Moi think there are a lot who have a load of more than just 18,067... thus reducing the number

Dont underestimate the ikan bilis... AirAsia is a popular brand


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Post 4Q15.... ya... maybe hard to presse down the price now....

Why so secretive.. discuss AAXs things.. over here??

Anyway.... there is really no dominant shareholder in AirAsia.... Tonys TuneAir too has only 19%

If there is rights issue by AirAsia they can take up....

No... dont confuse this with Arbar in RHB... condition in RHB imposed by BNM

So... tomorrow.. if there is somehow big selling... suggesting Wellingtons still at it.. and the price drops... you know what to do



r°Moi .


jjchan


Talking about big whales watching........


WELLINGTONS and EPF..

WELLINGTONS and EPF

WELLINGTONS and EPF



When r°Moi saw the EPF sudden about turn.. from selling to buying on 11 Feb.... r°Moi thought... ok this is the time... Wellingtons have capitulated after that huge 18m sale...

r°Moi thought..... you know KL being small and all that..... and just like r°Moi always heard chatter of this counter is gonna be pushed up that share will be flying thru the roof.... EPF must have got wind that the Wellingtons were almost done... that was why the about turn.. and sudden buying again


Do you get it?? EPF bought when it knew the Wellingtons were done selling.. Got it or not??


Yes... the Wellingtons have continued selling after that... upto 16 Feb.. but not that much... and no more till now


r°Moi have the feeling even if the Wellingtons have not ended... it will slow down

Nevertheless.... this is just r°Moi feeling... based on... 6th sense...instinct.. and intuition........ not like god has spoken to r°Moi




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28/02/2016 14:01

Anyway.. the foreign shareholding as at 31-12-2015 already down to 47.62%

And... I think EPF has a bit of idea... hell.. they could well be having the same IB brokers

Anyway... like r°Moi has said before.. it is more relevant.. to gauge when the Wellingtons gonna stop

Exceed 45% is ok just that that part that exceeded has no voting power that is all... this is not likely the reason the Wellingtons are selling

The Wellingtons have been around in AirAsia for the longest time

Anyway... the overriding factor affecting AirAsias price is now low fuse price



Low fuse price... saving in 2016...RM 600,000,000 to RM 800,000,000


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Tony has got RM 50m recently from AirAsia.. so for him it is no longer so pressing.. can sleep better now

By now... he would know he is not god.. all a mighty... can do everything.. and leave football club and F1 alone

jjchan

Let's just say... keen interest was seen... on AirAsia.... and your AAX too... on FRI

Keen interest is good... from big whales even better

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With the Wellingtons out of the way..... yes... the overriding factor affecting AirAsias price is now low fuse price

Low fuse price...



Yes Malindo has smartly now try to take on MAS... just cant compete with AirAsia

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EPF can sell first to depress the price.... and buy back at the depressed price.... in the same day.... take note


What to do contributors want high dividend...


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Oh... ya...dont forget EPF is buying nowadays...


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My C24.......


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: )


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With the Wellingtons done selling... selling pressure gone... what will happen to AirAsia price??

I leave to your imagination

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jjchan


Talking about big whales watching........


WELLINGTONS and EPF..

WELLINGTONS and EPF

WELLINGTONS and EPF



When r°Moi saw the EPF sudden about turn.. from selling to buying on 11 Feb.... r°Moi thought... ok this is the time... Wellingtons have capitulated after that huge 18m sale...

r°Moi thought..... you know KL being small and all that..... and just like r°Moi always heard chatter of this counter is gonna be pushed up that share will be flying thru the roof.... EPF must have got wind that the Wellingtons were almost done... that was why the about turn.. and sudden buying again


Do you get it?? EPF bought when it knew the Wellingtons were done selling.. Got it or not??


Yes... the Wellingtons have continued selling after that... upto 16 Feb.. but not that much... and no more till now


r°Moi have the feeling even if the Wellingtons have not ended... it will slow down

Nevertheless.... this is just r°Moi feeling... based on... 6th sense...instinct.. and intuition........ not like god has spoken to r°Moi




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: )


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IMPROVED CLARITY ON THE COLLECTIBLITY

IAA IAA IAA......

IMPROVED CLARITY ON THE COLLECTIBLITY

IAA IAA IAA......


Good news from IAA... despite still in the red

From the balance sheet.. one can see Amounts due from an associate has reduced substantially from 3Qs RM 2,474,329,000 to RM 1,239,099,000... a reduction of about RM 1,235,000,000.

RM 1,235,000,000..... taking away the part which has been converted into Investment in associates of about RM 797,000,000.... there is a huge reduction of about RM 438,000,000..... Meaning a huge amount has been repaid by IAA to AirAsia

A HUGE AMOUNT HAS BEEN REPAID BY IAA TO AIRASIA!!!

THIS A GOOD SIGN!!!


Would make em boys and gals who audit the figures happy..


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Cost saving from low fuel price for 2016... could well be at the least RM 600,000,000

Note 9.....


Note 9... the very statement GMT has demanded Airasia to produce... to quote.. " in order to restore investors confidence"


Based on Note 9..... PBT from external parties.. ie flyers.... comes in at RM 332,444,000 (12 sen PBT per share).... in order words... threte is no need for Airasia to game its associates to have income... as claimed by GMT

Its main source of income from flight tickets and related incomes has not collapsed... in fact very much alive... and thriving

And.... when other associates.... besides TAA.... learning from the experience of AAX....and aided by low fuel price.... picked up their acts and started making profits... I leave it to you imagination

cwingz

Ya... seems Tony has a hidden piggy bank...

For that bla bla... can be ignored if you look at YE 2015... instead of Q by Q...

IAA only got into problem after that Indon mishap on 28-12-2014... hence that bla bla shoud arose all in 2015.... likely from 2Q 2015 only


And.... r°Moi want to know... what do you think.. has this related party bla bla been eliminated in note 9??

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DONGFANG

HaHa.. too quiet is it??

r°Moi now relax liao la... do facial... sip champagne.... just sit around watching peoples posts ; )

C25.. yes... sold.. due to the Wellingtons and expiry on 7-3-16..

C24.. no... r°Moi still have lots of C24... HaHaHa

C24 still can enjoy 1Q16...

: )

jjchan... secretary buying??

And.... they know how to go about it...

When funds want to make a move.... they need volume

Looks very professional isn't it??

Not that simple......this.............. Better dispose indonesia division!



tomm I bet latest quarter will show only IAA losing money while Thai, Philipine, India and Malaysia register growth and green! Better dispose indonesia division!

26/02/2016 13:12

Actually... you are buying Puncak for its net cash and new prospects...

r°Moi was more keen.. to see a positive spin... on the prospects

But.... this is ok.. ain't that bad


Prospects

Post completion of the Proposed Disposals on 15 October 2015, the Group is continuosly looking to expand its operations in areas related to its core businesses and core competencies in water and wastewater, sewerage, environmental engineering and construction, both locally and abroad as well as exploring opportunities in new business sectors such as oil palm plantation, property
development and food and beverage sectors.

On the Construction sector, the Group will continue to be involved in the construction of water-related and sewerage facilities. The Group's current projects include the construction of new sewer pipe network and pumping stations including the rationalisation of the
existing sewerage infrastructure in Bunus, Kuala Lumpur as well as operation and maintenance of a water treatment plant in Beaufort, Sabah. The Group is also currently involved in several ongoing construction tenders related to the water and environmental sectors in
Malaysia.


Due to the huge drop in crude oil prices coupled with no projects secured in 2015, it was extremely difficult to sustain normal operational activities in the Oil and Gas Division. The Group had implemented right sizing exercise to cut down staffing and operational costs to minimal levels as the Group reviews its position in the sector.

Oh... you think this EPFs doing again??

r°Moi caught its selling at 1.37 on 22 Feb

rizerlee rMoi

I bet your Indonesia airasia wouldn't turn around

Mark my word
26/02/2016 01:18

jjchan... consistent.......... can turn around IAA.... can turn around AAX

But...... before the Indon mishap... IAA was making profit at 79% load... but before la

If IAA is still in the red in Q4..... despite the route rationisation...and low fuel price... it is not a matter of just booking in its loss...

Have larger repercussion.......

rizerlee

Aiyo..... why you say that??



If IAA.. turned around... due to route rationisation and low fuel price.... take no hit... immediate TP 1.60

If IAA.. still in the red.... despite route rationisation and low fuel price.. take a hit... immediate TP 1.30

IAA IAA IAA IAA IAA IAA IAA IAA... can you impress those guy and gay who audit the figures?



rizerlee rMoi

I bet your Indonesia airasia wouldn't turn around

Mark my word
26/02/2016 01:18

Loss due to kitchen sinking.... which Puncak can afford it.... and what is good is that that was more or less all about it...

The O&G operation is no longer a threat..

Ok good good let's have a fresh start... with the net cash per share at 2.70 intact... as highlighted by kahhoeng

Yo... leno.. this from kahhoeng... Puncak is kahhoengs baby... can tell you minute details.... if you want to know...

kahhoeng rMoi, this is absurd. Based on the 3rd quarter 2015 report, Puncak has non-current asset of 575.491 millions (or 530.139 millions after goodwill and deferred tax assets are excluded). Excluding asset and liability held for sale which should bring 1,552 millions CASH, Puncak has a current asset of 530.331 millions, of which 403.547 millions is CASH or short-term investments, and a total liability of 403.824 millions, i.e., Puncak has more in current asset than total liability before water asset disposal. That has yet to include the CASH from asset disposal (actually, there is, 1 million deposit in the deal)!

What's more, Puncak's oil & gas exposure is ONLY an asset of 258.820 millions and liability of 214.159 millions! How's it possible that this exposure could threaten Puncak's balance sheet in a big way, as it would on other oil & gas players?!?

It's absurd for Puncak to trade below half of its cash in hand currently. And, its funny that there's still someone selling them on a gradual basis. For every seller, there must be a willing buyer, wonder who's those buyers?!? Of course, I am only a small shareholder and can't keep on buying or holding enough shares to prevent Rozali from lousy acquisition or share price from falling. I can only hope Bursa or SC to achieve that. Sigh!
25/02/2016 12:31

Quite an anomaly.. yes