With Ratan Tata being the chief adviser to the AirAsia India board, what kind of participation can be expected from the Tatas in the new venture with SIA? "

Tatas own 51% stake in a JV with SIA while 30% JV with Airasia.

On September 19, 2013, Tata Sons and Singapore Airlines announce that they have signed an agreement to start a new airline, and have applied to the Foreign Investment Promotion Board for approval to establish the new airline. Tata Sons will own 51 percent and Singapore Airlines will own the remainder in the joint venture.

Folks, this announcement could play out negatively on AirAsia's regulatory approval as Tata have 30% stake in the JV with chairman from Tata Sons.

Indian Aviation minister Ajit Singh said it was for the corporate affairs ministry and Securities and Exchange Board of India (SEBI) to decide if one group could hold stakes in two airlines. What do you think, folks? Possible or not? Heheheheheh!!

Tatas vs Tatas in Indian skies?

Will the Tata Group holding a stake in another domestic carrier, directly competing with it, not be an issue with AirAsia India?

"The two airlines will not be competing against each other. They will be complimentary to each other. They will operate in different segments - LCC and FSC," Tata spokesperson said.

But folks, with there being hardly any difference in fares of LCCs and FSCs in India, industry experts said there could be problems when both airlines operate on the same routes. How? Hehehehehehehe!!

Tatas vs Tatas in Indian skies?

The announcement by Tata Sons and Singapore Airlines on launching an airline in India has come as a surprise to many as only seven months back the Tata Group had signed an agreement with Malaysian budget carrier AirAsia to launch an Indian lowcost carrier (LCC).

Singapore Airlines (SIA) had first approached Tatas in mid2012 with the proposal to start a full-service carrier.

"AirAsia has known from the very beginning that we have been in talks with SIA," a spokesperson for the Tata Group said.

Hmmmmm...so how now, folks?

Folks, As Airports Authority of India (AAI) is controlled centrally from its headquarters in New Delhi, local officers in Chennai here including the airport director have no decision-making powers.

Sources said that AirAsia was not welcomed as it expected to be in Chennai. "They hit a bureaucratic wall the moment they started to interact with officials here. Though AirAsia officials sent several feelers to AAI for incentives, the public sector airport owner refused to comply," said an airline source.

AAI reportedly told the airlines they would not get anything free at Chennai. AirAsia will be the first airline to have a hub at Chennai airport. SpiceJet initially had plans to keep its operations based out of Chennai before moving to Hyderabad. So how now?

Indian Airport sources said that AirAsia wanted to bring in the low-cost model they had successfully experimented at Malaysia and requested the Airports Authority of India (AAI) to allow them to take over the old domestic terminal, which was lying empty after operations were shifted to new building.

AirAsia wanted to convert the old terminal into an exclusive low-cost terminal and operate flights from there. But, Airports Authority (AAI) was not open to the idea. The airline's representatives also had to shuttle between Chennai and Delhi to complete other formalities.

Hmmmmmm....... want to operate an LCC terminal? Interesting!

Folks, AirAsia India may miss its 2013 deadline to start services as the joint venture with Tata Sons and Telestra TradePlace is entangled in approvals and clearances with the ministry and regulatory agencies.

AA was aiming for a year-end commencement of services from Chennai connecting tier-II and tier-III cities in the southern region.

The airline had readied human resource and infrastructure to start operations before November. The airline had recruited its top management staff, flight attendants and had also set up a small office at the Chennai airport.

But, it is expected to take longer as the airline does not want to hurry its launch.

No hurry for its launch? Really? Sure or not? Hahahahahahah!!

Remember folks, Fed Chairman Ben Bernanke said on Wednesday that the Fed could still decide to begin cutting its stimulus programme later this year. Oct? Nov? Careful now!

The last time when it looked as if the Fed was going to cut back on quantitative easing, speculative money departed dramatically from emerging markets such as India, Brazil, Indonesia, Malaysia and Turkey.

Will history repeat itself? If so are you ready for it? Hmmmm... I'm!!

Folks, will Fed’s stimulus relief last for markets? Will the rally continue?

Time will tell! Heheheheheheh!!

Cloud gathers over AirAsia's India plans! Hmmmm...... so how?

read more here: http://www.rediff.com/business/report/cloud-gathers-over-airasias-india-plans/20130918.htm

Singapore Airlines and India's Tata conglomerate announced on Thursday they would set up a new full-service airline based in New Delhi.

Singapore Airlines (SIA) and Tata Sons have signed a memorandum of understanding and applied for government approval for the new carrier, a joint statement said.

In March, Malaysia-based AirAsia won approval from India's foreign investment panel to set up an airline in a joint venture with the Tata group and entrepreneur Arun Bhatia's Telstra Tradeplace.

AirAsia will own 49 per cent, the Tata group 30 per cent and Telstra the balance of 21 per cent.

Hmmmmm.....interesting!

D7 0171 19/09/2013 10:30 PM JEDDAH-KUALA LUMPUR CANCELLED

D7 0393 19/09/2013 08:00 PM WUHAN-KUALA LUMPUR CANCELLED

D7 0303 19/09/2013 07:15 PM HANGZHOU-KUALA LUMPUR CANCELLED

QZ 8162 19/09/2013 04:15 PM JAKARTA-KUALA LUMPUR CANCELLED

AK 5220 19/09/2013 09:00 PM KUALA LUMPU-KUCHING CANCELLED

AK 5124 19/09/2013 08:20 PM KUALA LUMPUR-K. KINABALU CANCELLED

QZ 8163 19/09/2013 04:40 PM KUALA LUMPU-JAKARTA CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Will the rally continue? Remember folks, QE taper will still haunt the market in the coming weeks & months!

Enjoy your profits while you still can. I do! Happy investing, folks!

Folks, can AA continue to surge? Remember folks, 2H13 is not going to favor AA much! Don't believe wait for the coming 3Q13 earnings announcement!

Folks, Brent crude rose towards $111 a barrel on Thursday, extending gains for a second day after the United States kept its monetary stimulus program intact, boosting global equity and commodity prices.

Brent and U.S. oil gained the most in three weeks in the previous session as the U.S. Federal Reserve's decision to delay the wind down of its massive monetary stimulus took investors by surprise, weakening the dollar and stoking demand for risky assets. Dollar-denominated commodities become more attractive to holders of other currencies when the greenback weakens.

So folks, what is the effect of a high fuel price to aviation sector? Hmmmmm..... remember folks, a small leak can sink a mighty SHIP! Heheheheh!!

1. Folks, capital flows may be more muted now. Investors will still be wary the Fed may yet start withdrawing liquidity by the end of the year.

2. Moreover, GDP growth is slowing almost everywhere in Asia, with the exception of the Philippines. At the same time, the absence of inflationary pressures outside India and Indonesia means policymakers won’t jack up interest rates or exchange rates to tame excessive credit.

3. Adjusted for inflation, Singapore’s real effective exchange rate is already 20 percent stronger than at the end of 2007. The city-state’s exports have fallen for seven straight months.

4. Besides, China’s debt-laden economy is slowing, and Bank of Japan is printing yen aggressively.

5. Those are two more reasons why Asian policymakers need to stay on their toes. They have very little room to manoeuvre.

6. Today is just a QE hangover delay! So use the opportunity to take profit or cut loss while you still can. You will be rewarded soon. 2H13 will not be a good 2nd half for AA!

1. Folks, despite the Fed’s backpedalling, Asian countries cannot afford to relax.

2. From just before the onset of the global financial crisis, private sector debt has swelled by 73 percentage points of GDP in Hong Kong and 45 percentage points in Singapore.

3. While these small, open economies can arguably live with large swings in capital flows, the credit surge in Malaysia and Thailand is more worrying.

4. The longer the global liquidity glut lasts, the more painful the hangover will be.

5. So will the party continue, folks? Wake up into reality. Take profit or cut loss while you still can. Careful now!

1. Folks, the U.S. Federal Reserve has granted Asia a temporary reprieve. But the longer the relief lasts, the greater the risk that complacency will undermine the region’s financial stability.

2. The Fed’s decision to delay unwinding its $85b a month money printing programme eases the pressure on the two Asian countries with the biggest dollar addiction – India and Indonesia – to cure their habit by squeezing domestic demand.

3. Investors reacted accordingly: the Indonesian Rupiah jumped 1.9 percent against the dollar on the morning of Sept. 19, while Jakarta stocks rose 5 percent.

4. That’s not an unalloyed blessing, though. The turmoil in the currency market since Fed chairman Ben Bernanke first hinted at curbing the supply of excess dollars in May has elicited some welcome responses.

5. Indonesia has raised its ultra-low interest rates; Malaysia has pruned fuel subsidies; Singapore has sought to wean individuals off unsecured credit; and India has allowed foreign investors greater access to local industries.

Remember folks, Fed only brings Asia short-term relief, long-term risks. So will the rally continue? Only time will tell! Careful now!

Will the party continue? Remember folks, Fed Chairman Ben Bernanke said on Wednesday that the Fed could still decide to begin cutting its stimulus programme later this year.

Take profit or cut loss while you still can. The coming quarter is going to be down!

Southeast Asian stocks and currencies rose sharply to lead robust gains across the region as investors returned to emerging markets in droves after the Federal Reserve’s surprise move to leave its stimulus measures intact.

Indonesian equities surged 7.4% in early trade, though the advance was later pared to a 4.5% gain, while the Philippines added 2.9% and Hong Kong’s Hang Seng rose 1.7%.

Folks will the rally continue? The rally is just a one or maybe two days reaction toward the no tpaer news? Careful now. Take profit while you still can as fuel in on the rise! Hahahahahahah!!

When will Fed moves make stocks volatile again? Will the rally continue? Time will tell!

Folks, Asian equity markets enjoyed a risk-on rally on Thursday after the Federal Reserve defied expectations by keeping its $85 billion-a-month bond-buying program intact.

Emerging markets led the gains with Indonesia's Jakarta Composite climbed 4.5 percent following an earlier 7 percent surge, Philippine's PSE Composite was higher by 3 percent and Malaysia's KLCI Composite added 1 percent.

Folks, this kind of lucky break on the liquidity side does not remove any challenges ahead for emerging markets. They need to use the time to slim down, cut credit growth and budget deficits. So will the rally continue?

The Fed's shocking decision not to taper, despite broad expectations for a $10-20 billion reduction of its monthly asset purchases, has reignited talk of a global currency war.

Risk-on currencies like the Australian dollar, the euro and the British pound soared in response, while the greenback dropped across the board.

Te Fed's decision could prompt other central banks to devalue their currencies in an attempt to retain a competitive edge. So will the rally continue, folks? Heheheheheh!!

QZ 8295 18/09/2013 09:20 PM SURABAYA-KUALA LUMPUR CANCELLED

QZ 8206 18/09/2013 07:35 PM JAKARTA-KUALA LUMPUR CANCELLED

D7 0237 18/09/2013 12:30 PM PERTH-KUALA LUMPUR CANCELLED

D7 0173 18/09/2013 07:25 AM JEDDAH-KUALA LUMPUR CANCELLED

AK 5125 18/09/2013 01:50 AM K. KINABALU-KUALA LUMPUR CANCELLED

AK 5221 18/09/2013 01:00 AM KUCHING-KUALA LUMPUR CANCELLED

QZ 8296 18/09/2013 09:45 PM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8207 18/09/2013 08:20 PM KUALA LUMPUR-JAKARTA CANCELLED

AK 5124 18/09/2013 08:20 PM KUALA LUMPUR-K. KINABALU CANCELLED

D7 0236 18/09/2013 12:05 AM KUALA LUMPUR-PERTH CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Good morning folks. Yes there is no taper yet!

Anyway Im taking profit at Rm2.62. Will the rally continue? Still believe AA will test it low at 2.44 again. Today just a 1 or 2 days reaction towards the latest news.

To those still holdings take profit or cut loss while you still can! Heheheheh!!

Folks, EPF awaken from their sleep? Listed below as per Bursa announcements, the selling spree above a million by EPF!

EPF is getting ready, what about you folks?

Disposed 12/09/2013 4,000,000 - Telekom
Disposed 12/09/2013 2,066,500 - Dialog
Disposed 12/09/2013 6,000,000 - Maxis
Disposed 12/09/2013 1,980,700 - Maybank
Disposed 12/09/2013 1,006,800 - Hong Leong Bank
Disposed 12/09/2013 1,860,400 - Sapurakencana
Disposed 12/09/2013 1,506,200 - CIMB
Disposed 12/09/2013 2,400,000 - Sime Darby
Disposed 12/09/2013 1,000,000 - Perisai
Disposed 12/09/2013 6,009,400 - Digi
Disposed 10/09/2013 3,967,900 - Tenaga
Disposed 12/09/2013 2,000,000 - IOI
Disposed 12/09/2013 1,641,500 - TYL Corp
Disposed 12/09/2013 6,000,000 - YTL Power

What about AA?
Disposed 12/09/2013 486,200

Remember folks, when investing use you head & not emotions! Also never fall in love with a stock as its not going to be a faithful & loyal lover!

All the best, folks!

If the economy after the tapers does not recover from here, does that signal that the entire process was for naught?

Stock-market investors have been huge beneficiaries of quantitative easing but now may face a decidedly different environment if Dr. Bernanke and his successor decide the party is over and start to turn out the lights.

The Fed is in completely uncharted territory here, and nobody, not even the Fed, knows how this will turn out or what the ramifications will be for global financial markets.

Last time the question was, are you reday for the taper? But now the question, are you ready for what going to happen after the tapers?

What next to haunt EMs, U.S. ceiling debt? Careful now, folks!

Folks, regardless of the immediate consequences, one must consider what happens once the taper era begins. What will happen to bond yields? What will happens to borrowing rates? What will happens to financial & equity markets? What will happen to the housing market? Of course, it will impact a number of other industries from land, sea to aviations.

Any "tightening" of the money supply is always bad for business. Most indsutries will very likely feel the pinch.

Emerging market economies have been feeling the pain since the taper talk began. What will happen to those economies once the taper actually begins? Jeffrey Gundlach recently pointed out that the situation in India could cause another financial crisis.

Would a $10 billion monthly slowdown of the Fed's liquidity pump be enough to nudge India's economy off the precipice from where it presently hangs? If so, what might be the consequences? Would the Fed be able to stanch the bleeding by returning to $85 billion per month?

Would Malaysia & Indonesia be spared from the selldown?

Are you ready after Fed tapes?

After five years of easy money, the party might finally be over.

If most economists are right, at 2:00 p.m. on Wednesday, we will receive word from the Fed that it is reducing the amount of its monthly bond purchases by $10 billion dollars, from $85 billion/month to $75 billion. At 2:30 p.m., Ben Bernanke will hold a press conference to explain the details and resolve any ambiguities. What happens after that is anyone's guess.

Although a stock-market selloff is not expected after all, there has been plenty of warning that the taper was on the way but one can never be sure.

Who would have thought that the EMs turmoil, simply as a result of discussing the taper? Does this mean that once the taper actually begins, we can expect a more significant selloff through Sep. 19, or does it mean that the taper is already priced in?

Latest

1. The Delhi high court on Wednesday admitted a petition by BJP leader Subramanian Swamy seeking the quashing of the clearance granted to AA India to start an airline, saying the government had overlooked several issues related to foreign control and policy in granting it.

2. Swamy said foreign investments in airlines were meant to be allowed for existing airlines and not start-ups such as AirAsia India. “They have no business to be there. In four weeks, all the four respondents must file why they kept quiet on this illegality.”

3. The four respondents are AirAsia, Indian finance ministry, aviation ministry and commerce ministry.

4. In the AirAsia case, Swamy says the government’s clearance to AirAsia India is in violation of a September policy that allowed foreign airlines to invest in Indian airlines.

5. Swamy said it was “amply clear from the construct of the shareholder’s arrangements” that while the majority shareholding of 51% is divided between Tata Sons and Telestra, the effective control lies with the foreign investor.

So how now, folks?

This week, U.S. Treasury Secretary warned Congress that waiting until the last minute to raise the nation's limit on borrowing could lead to irrevocable damage to the economy.

His comments followed comments from U.S. President Barack Obama on Monday, who said he would not negotiate on raising the debt ceiling, paving the way for some intense debate.

Will history (& EMs) repeat itself the last time this issue evolved? Careful now!

Folks, the U.S. government has been bumping against its $16.7 trillion dollars debt ceiling limit since May. But the issue has lurked in the background recently as worries over tapering and geopolitical issues surrounding Syria took precedent.

With the U.S. government's spending authority set to expire on September 30, and the Treasury set to lose its borrowing authority in mid-October, the issue is back in focus.

The worry is that if investors lose confidence in the U.S. government's ability to run its finances, they will stop reinvesting in U.S. government debt.

Do you think it's going to be resolved ahead of time, folks? We're going to be in another crisis and paralysis. Maybe even breach the debt ceiling?

Investors have short memories! As at 28 June 2013, 51.92% of AirAsia 2,780,534,580 ordinary shares were held by foreigners.

Careful now!

Folks, once investors find out whether the Fed will begin tapering following this week's policy meeting, the U.S. government's debt ceiling will come back to the fore & going to haunt them again.

The debt ceiling will become a real problem by mid-October!

If Congress is unable to pass legislation on the debt ceiling in the coming weeks, the issue could be more detrimental than the tapering fallout.

The last time this issue prompted a sharp selloff across global equity markets as investors ditched risk and piled into safe haven assets. Emerging market equity, fixed income and currencies were hit particularly hard.

Investors have short memories!

Late Sep 2012, Tune bought a total 68,030,000 shares at rm2.91 per share = Rm197,727,720.00 when the stock took the beating after the announcement of Malindo.

Will Tune buy again to instill confident that the 2H13 will be better than 1H13?

Time will tell!

Folks, the biggest hurdle to the valuation trade is market momentum that could saddle funds with big shortterm losses.

Investors will start looking at valuations again and see there is lot of value. The time frame? 6 months? 12 months? Not less than that, folks!

But folks, no one is looking at valuations but technicals and fundamentals now. Valuation wise you would want to be long but no one wants to grab a falling knife. Would you, folks? Heheheheheheh!!

Folks, of course some of these stocks are cheap for a reason and will stay cheap for years to come as theirs slumping profit margins remain a problem for stock markets.

And falls in currencies real are a worry, eroding foreign investors' returns from local stocks. Companies from the EMs can sustain return on equity (ROE) levels only by taking more debt. Remember folks, ROE measures how much profit a firm makes with shareholder's money.

It would be inaccurate to perceive Emerging Markets equities as cheap relative to returns they generate because their quality of RoE is deteriorating more rapidly than developed markets. So how? Investors have short memories!

Force sell should set in soon. Will rm2.50 stand? Your guess, folks!

Will Rm2.50 hold? Remember folks: Beware of the little expenses; a small leak will sink a great ship.

What is a good price to buy? Hmmmmmm...... Herd panic selling mentality price? Hahahahahahah!

Folks, "Gain on disposal of interest in Japan AirAsia Rm78,265," please refer here: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1382517 Heheheheheheh!!


Folks, Asian companies are still maintaining a relatively cautious outlook regarding their earnings growth prospects. It could be partly related to the recent volatility across the emerging economies over the past three months.

Remember folks, Asian equities, currencies and bonds have taken a beating over the last few months after the U.S. Fed hinted it would halt its nearly five-year policy of flooding markets with cheap cash.

How will this coming quarter be for AA? Remember folks, without the gain from the sale of AA Japan the profit after tax for 2Q13 should be a loss of RM19.917m

After the gain on disposal of interest in AA Japan 2Q13: Rm78.265

Profit after tax :
(2Q13) Rm58.348m
(1Q13) Rm104.793m

What next to sell, maybe aging aircrafts? So folks buy low & sell higher! Hehehehehe!!

Folks, Asian companies are still maintaining a relatively cautious outlook regarding their earnings growth prospects. It could be partly related to the recent volatility across the emerging economies over the past three months.

Remember folks, Asian equities, currencies and bonds have taken a beating over the last few months after the U.S. Fed hinted it would halt its nearly five-year policy of flooding markets with cheap cash.

How will this coming quarter be for AA? Remember folks, without the gain from the sale of AA Japan the profit after tax for 2Q13 should be a loss of RM19.917m

After the gain on disposal of interest in AA Japan 2Q13: Rm78.265

Profit after tax :
(2Q13) Rm58.348m
(1Q13) Rm104.793m

What next to sell, maybe aging aircrafts? So folks buy low & sell higher! Hehehehehe!!

Indonesian companies are seeing an increase in their borrowing costs, with the central bank's surprise hike in interest rates last week. The Indonesian rupiah is the worst performer in Asia this year among currencies having lost around 16 percent against the dollar.

However, there are some bright spots in Southeast Asia. The Philippines was the most positive economy with a reading of 100 - the only economy with a top score - compared to its reading of 94 in the second quarter.

Malaysia bussiness sentiment at 69 (3Q) vs 83 (2Q)? Good, bad or ugly, folks?

Asia Q3 Business Sentiment Survey

1. INDIA: SLIGHT IMPROVEMENT (Index at 67 vs 63 Q2)
Optimism returned to India, lifting its sentiment index moderately higher after a drop last quarter.

The main concern was a shaky world economy while a rout in the rupee in August also rattled sentiment with a third of companies worried about foreign exchange rates. Political instability was also cited as a concern from one company.

2. SOUTH EAST ASIA
Phillipines at 100 Vs 94
Thailand at 71 vs 42
Malaysia at 69 vs 83
Singapore at 50 vs 83
Indonesia at 25 vs 100

Sentiment in Southeast Asia was mostly upbeat with the Phillipines posting unanimous confidence across all 12 companies surveyed, an uptick from the previous quarter.

Businesses in Thailand were mostly positive, strengthening from multi-year lows hit last quarter, with three positive about business outlook and four remaining neutral.

Both Malaysia and Singapore fell from the previous quarter with the majority of businesses in both countries citing uncertainty in the global economy as the biggest risk.

Indonesia had the lowest index score, slumping from last quarter's perfect outlook as businesses cited domestic inflation and global uncertainty for a bleak outlook.

A smell leak can sink a great ship!

Asia's top companies were less upbeat about their business outlook in the third quarter of 2013 as concerns about the global economy and rising costs dampened sentiment, Asia Business Sentiment Survey published on Wednesday showed.

Global uncertainty on when the U.S. Federal Reserve will taper its $85 billion bond buying program and geopolitical tensions in Syria have spooked markets, dealing a blow to business outlook.

Folks, while the seemingly well-broadcast Fed's meeting should not a big event for markets, other things could be in coming weeks, including the US Congressional wrangling over the debt ceiling and budget funding.

Remember folks, you've got all these uncertainties here. Wondering if KLSE don't hit an air pocket here. Maybe it will be scarier than the last one.

Heheheheheh.. Time will tell!

As the third quarter wraps up, Wien said there will likely be "more disappointments than not," in terms of earnings and revenue. Any disappointing results could sour the markets, too, Wien said.

"The market has performed very well all through this year. I think it's vulnerable to a negative surprise," Wien said, adding that between the debt ceiling crisis and the uncertainty surrounding who President Barack Obama will pick to chair the Fed, "there could be a lot of surprises out there."

Wien suggests taking money off the table right now. Hahahahahha... after taper then the US debt ceiling issue. Careful now!

"The expansive economic policy of the Federal Reserve has definitely been a stimulus to the equity market. If you reduce it, you're providing less stimulus and it has the effect of some, it's a similar effect to tightening," said Wien, vice chairman of Blackstone Advisory Partners.

If the Fed decides to take no action, however, Wien thinks that would be a bad sign for the economy. It would mean the Fed doesn't think the economy is doing well, he said.

How folks?

Folks, no matter how much the Federal Reserve begins dialing back asset purchases in September, any taper is, in effect, a form of tightening that will shake markets.

Though tightening is technically defined as raising interest rates, something the Fed said it isn't likely to do until unemployment drops to 6.5 percent, any kind of reduction in economic stimulus will not come without repercussions.

So how?

AA fail to close above the MYR2.60 resistance level this week. Will AA test the critical support level at Rm2.45? Remember folks the next support level stand at Rm2.33.

Will there be another panic herd mentality selling which will drag the price to Rm2.00 folks? Heheheheheh!!

Only time will tell!

WELLINGTON MANAGEMENT COMPANY

Disposed: 29/08/2013 4,224,200
Disposed: 30/08/2013 4,913,500
Acquired: 30/08/2013 6,900
Disposed: 02/09/2013 4,793,000
Disposed: 03/09/2013 1,906,200
Disposed: 04/09/2013 2,007,900
Disposed: 05/09/2013 15,858,120
Disposed: 06/09/2013 1,750,000
Disposed: 09/09/2013 1,804,935
Disposed: 10/09/2013 2,740,900 (latest)
Disposed: 11/09/2013 2,819,400 (Latest)
Disposed: 12/09/2013 2,445,000 (Latest)
Disposed: 13/09/2013 4,138,800 (Latest)

Remember folks, the wrong perceptions, self-delusion, frantically trying to avoid realizing losses, desperately seeking the comfort of other victims, shutting out reality and more can all cost you dearly!

With the current turmoil in EMs, 2H13 earnings will not be very promising for AA! Investors have short memories!

Employees Provident Fund Board

Disposed: 11/09/2013 2,292,000
Acquired: 11/09/2013 500,000
Acquired: 11/09/2013 100,000

Hmmmmm.....Not sleeping anymore & now Epf also start to sell.