We are keeping our Outperform call on AirAsia with a target price of RM2.53 tagged to a 10x PE multiple to FY16 EPS, pending more information from management. We remain optimistic on AirAsia due to lower fuel prices and an improved operating environment in Malaysia. At its current share price, we feel the stock is trading at a compelling valuation of 6x FY16 earnings.

Source: PublicInvest Research - 8 Jul 2015

today volume scare die me

(2) tax high because some subsidiary making losses?

panic sell?

game over?

delay until dunno when.

no deal before raya?

700mil issue. Panic sell.

every time break out then fall back... this time can go through??

whats going on... someone eat up so fast?

selling pressure consider low despite weak broad market. Once broad market is stabilized + good coming qtr result, there is high chance for YSPSAH to break into uncharted territory!

Singor, Sarawak report can trust? 1MxB geng!!

Mpay placement attracts Yvonne Chia, Kuan
Friday, 3 July 2015 THE STAR
PETALING JAYA: The private placement exercise by ManagePay Systems Bhd (Mpay) has attracted investors such as former Hong Leong Financial Group Bhd CEO Datuk Yvonne Chia and Fajarbaru Builder Group Bhd chairman Tan Sri Kuan Peng Ching @ Kuan Peng Soon.
The placement entails an issuance of up to 175.71 million shares, which represents 30% of its existing issued and paid-up share capital to third party investors at an issue price of 23 sen.
In a filing with Bursa Malaysia yesterday, Mpay said that about 120.82 million shares has been subscribed by independent third party for RM27.8mil.
It said Chia has will subscribe for 20 million shares for RM4.6mil, while Kuan will subscribe for five million shares for RM1.15mil.
Other investors include ConnectIoT Sdn Bhd will subscribe the biggest stake in the placement at 13.8 million shares. Followed by RedGiant Analytics Asia Sdn Bhd 26.47 million shares, Andrew Chia Wei Jun 12 million shares, Chu Hong Keong eight million shares, Chin Chee Thoy 20 million shares and Soon Kian Heng 15.55 million shares.
The proposed private placement is conditional upon the approval from its shareholders upcoming extraordinary general meeting scheduled on July 14, 2015.
Mpay had said that the bulk of the proceeds raised will be used to develop its electronic money (e-money) project via online wallet and prepaid card.
It said that assuming all 182.98 million warrants are exercised prior to the implementation of the proposed private placement, the maximum number of placement shares to be issued is 175.71 million.
As at yesterday, Mpay’s issued and paid-up share capital stood at RM40.5mil comprising 405.42 million shares.
Shares in Mpay closed 1.79% higher to 28.5 sen yesterday with1.8 million shares traded.

great volume, great price, great trend!

new high!

low power ady

Resistance ma, must let some people to sell, before can go higher

WAA , GAP UP!

Rosmah, what is your IV? How you calc IV?

So fast rebound and resume uptrend!

Noted with thanks. Congraz for the gain!

10. The company foresee a improvement in the sales to government project as the company started to supplier to government. << Is the surge in revenue in last two quarters also due to this?

Btw, pingdan mind to share why you have sold all?

Wow, owe you a meal for these previous info!
THANK YOU!

Since last qtr sales is partly due to pre- GST effect, means Q2 sales will drop back?
Looks like indonesia plant is not going to make money anytime soon?

wow wow wow... market crash!

who dump shares like this? about RM 1 gone ler...

Would this week the wolf come again another time? Haha

pingdan, waiting for your updates here~

myEG so strong, can still up up up so many days despite KLCI downtrend!

they may have a press conference to SIGN in front of everyone gua?
Haha..

discussion here is very interesting .... :)

something must be brewing!! There is no sign of decreasing volume in this uptrend!
Still not yet accumulate enough stocks?

I guess report may come out soon. Kawan case also like this.

Who ate up this morning? Haha.
Lembaga no more selling?
Uncle got buy or not?

250!!! LOL

pingdan, support you!
Hope other people really care about its performance and not luncheon after AGM!

If this qtr EPS 7sen then sure will attract more interest from FA, TA, FA+TA believers. Haha.

pingdan, really thanks a lot! I owe you a meal!
Wait for your update ya. Take some photos and write article here. Haha.

Icon, you said can hold till age 70 years old ma, so need ask details a bit.

Last year Q2 profit was the lowest SINCE 2005, besides lower revenue it was also due to forex loss close to 1mil. This time round if forex gain 1mil, increase in profit already 2mil liao, which is +200% already.

If include in improve in operation margin since 2014Q4, then total increase in profit > +200%. Maybe 300%? So i guess next quarter 2015Q2 cannot be worse than EPS 2.30 sen.

Hi Pingdan, I treat you a meal if you can help me ask following questions. Hahaha.
If it is too much, sorry, and you may just pick the questions you interested.
TQVM!
Wish you win a lot in YSP!

Questions to Management:

1. What is current utilization rate of YSP factory? Bangi plant and Vietnam plant respectively?

2. When is target date for Indonesia plant to commence operation?
When will production from Indonesia plant start contributing to topline?

3. Any other expansion plan besides Indonesia plant?

4. What is management's target revenue for 2015? Next few years?

5. In Annual Report 2014, it is mentioned that the company won contract from Singapore government last year.
How much is the contract worth and the duration of the contract?

6. Top 30 shareholders hold > 80% of the shares, and shares are thinly traded in the past (not until recently). Would you consider bonus issue / share split to improve trading liquidity?

7. Do you have dividend policy?

8. What is prospect of the company going forward?

Not sure if below questions are appropriate:

9. Why YSPSAH distribution expenses are about 3 times higher than CCMDBIO, since both companies record similar level of revenue?

Up_Down very good info, thanks!
Anyone here going to AGM?
Rosmah not yet back?

Okok. Ok, raise TP to RM 3 ~

ya, my question is also cold eye got this stock meh? dun simply say ler...

COLD EYE?

TP RM20 if super bull run like 1997~

Need to wait for next qtr result 2 months later to push up

Salute to OTB!

Carmen: How duit? dont think so long. Strong news tomorrow LIMIT UP!!!!!

20 million receivables have already been recognized in revenue. Doesn't matter they can collect or not (which is reflect in cash flow stmt).
13 mil from current receivables would not turn into Q2 revenue.
Correct me if I am wrong.

azlan88 bukithot, yes you are correct. It should be 'uncollected' not 'unrecognized'. The receivables increased from RM7 million to RM20 million. So I assume there will be RM13 million which will be reflected in Q2 revenue (if they managed to collect all).

Icon laugh all the way to the bank! Entry price only 1.4-1.6. Haha.

Wow... surprise me that today also got show. Who sapu all 2.30 & 2.31...

My Dear Rosmah, I appreciate your info on YSPSAH too....
(p/s: you all got secret email exchange group?!)