“Now Everyone Can Buy AirAsia X shares 10 times above its par value of RM0.15″

Read more here: http://weechookeong.com/2013/06/11/now-everyone-can-buy-airasia-x-shares-10-times-above-its-par-value-of-rm0-15/

Just as a heads up, last week Air Asia have stated that they will not exercise their option to buy AiAsiaX in the Bursa Announcement. If they believe the price can goes up why didn’t they exercise that option now? Just as a remark for you to think before invest.

Read more here: http://ahmadalizham.blogspot.com/2012/11/air-asia-x-ipos-is-it-repeat-of-astro.html

Investors have short memories!

On 4-4-2013 Malay Mail published an article entitled “Analysts wary about AirAsia IPO” where it highlighted Alliance Bank Analyst quoted the collapsed of the low cost airline known as Oasis in Hong Kong as an example to support his argument.

Read more here: http://www.midf.com.my/news-clipping-2013/888-analysts-wary-on-airasia-x-ipo

On 22-5-2013 Ganesh Sahathevan wrote in his blog entitled “Would you buy what Richard Branson gave away: The Air Asia X IPO seems grossly over-priced”.

Read more here: http://sahathevan.blogspot.com/2013/05/would-you-buy-what-richard-branson-gave.html

3 Years Continuously Improvement in Revenue & Profit

Financial Year: 2011 / 2012 / 2013
Revenue (mil): 257.0 / 414.8 / 422.5
Profits (mil): 26.2 / 36.8 / 40.6

So folks, will the revenue & profit continue to improve in FY14? For those who think so, please buy while those thinking otherwise, please sell! Heheheheheheheheh!!

S trengths, W eaknesses, O pportunities, and T hreats: SWOT analysis:

S. Strong balance sheet and stable performance
W. New players entering the industry / Weakening consumer sentiment
O. Expanding to a new customer base
T. Minimum wage impact

Folks, can the SKPres get new customer or order? Only time will tell! Happy investing!

Trade receivables shrinking QoQ! As such for the next Q, revenue anticipated to be lower by Mr. Market thus affecting the profit margin unless there are new order.

Will the sales for 1QFY14 to normalise to above RM100mn? Well folks, only time will tell!

Remember the following saying folks: “Even a dead cat will bounce if dropped from high enough!”

1. A "dead cat bounce" is a small rally after a significant decline. The term implies that the decline will continue and will be sustained

2. A "dead cat bounce" price pattern may be considered part of the technical analysis method of stock trading.

3. Technical analysis describes a "dead cat bounce" as a continuation pattern that looks in the beginning like a reversal pattern.

4. It begins with a downward move followed by a significant price retracement.

5. The price fails to continue upward and instead falls again downwards, and surpasses the prior low.

Careful now!!

EPS (YoY): FY13 - 4.51sen / FY12 - 4.09sen

Revenue (YoY): FY13 - Rm422.5 mil / FY12 - Rm414.8 mil

Profit Before Tax (YoY): FY13 - Rm54.4mil / FY12 - Rm49.6mil

Revenue (QoQ): Q4 - Rm88.11mil / Q3 - Rm90.47mil

However, profit before tax reduced from RM13.12 million (Q3) in last quarter to RM9.22 million (Q4) mainly due to reduction in sales intake by customers during the festive season as well as the increase in labour costs as a result of implementation of minimum wage policy during this quarter.

Cash and cash equivalents: FY13 - Rm92.5 mil / FY12 - Rm61.9mil

Folks, how will the market react to this earnings? Time will tell! Hahahahahahahah!!

Absolutely correct Hafiz!

Folks, T4 today for those buying on the 27/05/13 with a sattagering 175,431,200 units traded. More selling pressure later & the coming days! Careful now!

Investors have short memories!!!!!!!

Folks, after the hype has led to a higher share price, now by looking at the economics of a business, the balance sheet, the income statement, management and cash flow (fundamentals), slowly & surely the stock price will be back to where it is before this!

Rm0.125sen? What your prediction?

Slowly & surely stripe the stock price naked!!\

Heheheheheh!!

Folks, the bubble has burst and reality sets in!

Could the perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price?

Were there any attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements?

Will the victims lose a considerable amount of their investment as the stock falls back down after the process is complete?

Will there be light at the end of the tunnel?

Judge for yourself, folks?

The beginning of the end ...... back to below 0.15sen!! When buying shares, ask yourself, would you buy the whole company?

Punters have short memories!! Hehehehehehehehh!!

Tiger killing it prey not only slowly & softly but surely, folks!!

Tiger Synergy now become Tiger Show. The stock price will be stripped naked to below 0.15sen in front of your eyes in the coming days!

Remember folks, before the fraudsters' drama scripts the price was traded below 0.135sen only.

What a great show!!

When the dust settles & reality sets in, the price will be back below 0.15 sen.

Careful now, folks!!

Could it be "Pump and Dump"????????

Folks, a more modern spin on this fraud is known as hack, pump and dump.

In this form, a person purchases penny stocks in advance and then uses compromised brokerage accounts to purchase large quantities of that stock.

The net result is a price increase, which is often pushed further by day traders seeing a quick advance in a stock. The holder of the stock then sells his stock at a premium.

For pump & dump, stock fraud involves artificially inflating the price of an owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price.

Once the operators of the scheme "dump" their overvalued shares, the price falls and investors lose their money.

Folks, the Internet now offers a cheaper and easier way of reaching large numbers of potential victims.

But sadly investors do have short memories!!!!!!!!!!

Folks, could it be the battle for the property developer was a hoax created by syndicates to ramp up its share price??

Hahahahahahaha...Remember folks, the conversion of the warrants itself netted Tiger Synergy some RM9.2 million in cold cash, while placement of 30 million new shares brought in another RM10 million!!

Tiger Synergy has issued 80 million warrants which expire on August 2015. The warrants can be converted into mother shares at a strike price of 20 sen each.

Aggressive accumulation could have happened when the price was trading below 0.13sen before in Sep 2012.

Folks, only when the tide goes out do you discover who's been swimming naked...... the punters!!!!!!! Hehehehehehehehe!!!

Folks, the conversion of the warrants at 0.20 sen itself netted Tiger Synergy some RM9.2 million in cold cash, while placement of 30 million new shares brought in another RM10 million.

A good script. They got what they want while the punters are paying for that costs! Heheheheheheheh!!

KUALA LUMPUR: The board of Tiger Synergy Bhd has squashed assertions previously carried in the media, among which include former Proton Holdings Bhd chairman Datuk Seri Mohd Nadzmi Mohd Salleh making a general offer for its shares at 60 sen each and having some “big plans” for the company.

In an announcement to Bursa Malaysia yesterday, Tiger Synergy said solicitors Yoong & Partners, which represent Hayat Maya and Syawaras, had confirmed in a response that the following assertions carried in the press from November to December last year, were untrue.

The assertions included:

• Nadzmi shall procure big plans for the company,

• Abdul Azmi will inject government-linked projects into the company and will replace the entire board of Tiger Synergy,

• Nadzmi and Abdul Azmi will make a move to take over the firm, and

• The duo will be appointed to the board of Tiger Synergy and will bring in business contracts worth RM3 billion to the company.

The news was dated 22nd Jan 2013.

Folks, the price was at 0.13sen (2/8/12) pending the 10% private placement & rights for warrant conversion at 0.20sen only.

When the duo announced as a stake holders stock price shoot up. Later private placement was priced at 0.395 (14/11/12) & 0.31 (8/11/12) while the shareholders coverted their warrants at 0.20sen only.

So who are the loser? Well folks, investors do have short memories!! Hahahahahahahah!!

Careful now!

Total vol trade on 27/5/13 - 18,378,300 / T4 today

Total vol tarded on 28/5/13 - 175,431,200 traded / T4 going to be tomorrow.

Will it slide further from tomorrow onward???

Well folks, only time will tell!

Folks, in the last few years, major IPOs in Malaysia have normally had a set of cornerstone investors — normally subject to a lock-up period of six months.

This is to ensure that there is some stability in the share prices in large offerings.

But of late, even with cornerstone investors, large IPOs have falllen below the listing price.

Astro Malaysia is one such example although it has recently traded above its IPO price of RM3, closing at RM3.16 on 23/02/13.

Compared with other IPOs where the retail offering is hardly 5%, the no-frills long-haul carrier is offering 252 million shares or 10.6% of its enlarged share capital to retail investors.

A carrot for retail investors would be if they hold on to the shares for more than a year, they will receive sweeteners such as free flight tickets.

Wakakakakakakakakakakak!!

Folks, AA which smashed order records for Airbus jets to become Asia's largest budget carrier, could buy another 50 planes as it targets aggressive expansion in India, Chief Executive Tony Fernandes said.

Discussion of an order for another 50 A320-family jets, worth $5 billion at list prices, comes weeks ahead of the Paris air show and five months after the Malaysian carrier added 100 jets to its order book to lift total purchases to 475 planes.

Hmmmmmm...Interesting!!

Folks, while all looks fine and good, one has to be mindful that the airline business is very cyclical in nature.

It is particularly susceptible to external economic factors because it affects and depends on a substantial number of industries.

The supply and demand price elasticity of carriers may vary, depending on the nature of the industry.

Fuel is a major cost component, and even though Fernandes has often said that demand for budget travel is good in both gloom and boom times, the first thing people would do in a downturn is cut travel cost.

The challenges are there. But being in Asia where demand for air travel is still high, AAX should get its fair share of the market.

However, airlines need to be mindful that the customer is always king, even if they were travelling on a budget airline.

And if any situations did arise, it has to be handled delicately with compassion and tact, as no amount of public relations would work if an airline is not seen as being caring towards its passengers.

Deputy news editor B K Sidhu says it was amazing how MAS seized the day and came out smelling like roses in the recent "baby fever" incident.

Happy Wesak Day!

1. Malay Mail

AirAsia Berhad has defended its action of barring 14-monthold Mariam Sofea Mohd Reza and her mother, Izan Suhaila, 36, from boarding a flight from Ho Chi Minh to Kuala Lumpur on Saturday.

In a statement, AirAsia said the child was denied entry onboard flight AK1455 as she was infected with chicken pox and the matter was confirmed by a Vietnamese airport doctor who declared her unfit for travel.

The airline company said Mariam Sofea was not fit to fly as the medical report showed she was travelling three days after early symptoms appeared and was found to have a fever, watery eyes, runny nose and rashes on parts of her body.

AirAsia CEO Aireen Omar said the airline's ground representative provided necessary assistance to the mother and child and made arrangements to fly them, and two accompanying adults, for free once the child was medically fit to take to the air.

"We have also offered them hotel and transportation arrangements. However, the guests confirmed they had the necessary assistance to extend their stay in Ho Chi Minh City," she said.

Read more here: http://www.mmail.com.my/story/airasia-defends-painful-decision-56621

2. NST

Malaysia Airlines (MAS) served beyond its normal duties by taking every step possible to ferry home a Malaysian and her 14-month-old daughter, who were prevented from boarding a low-cost carrier flight back home from Vietnam recently.

Izan Suhaila Mohd Ali, 36, and Mariam Sofea Mohd Reza were held back by the low-cost carrier at the Ho Chi Minh airport on Saturday night after her daughter was suspected of having symptoms of a contagious disease.

MAS chief executive officer Ahmad Jauhari Yahya said MAS staff had taken Mariam to a doctor as it was a standard procedure for all passengers with symptoms of contagious disease to get a fit-to-fly certification from a doctor.

Read more here: http://www.nst.com.my/latest/mas-served-beyond-its-normal-duties-ceo-1.282865#ixzz2UBUWdYcj

3. Utusan

Penumpang malang pesawat tambang murah AirAsia, Izan Suhaila Mohd. Ali, 36, menafikan menerima sebarang bantuan daripada syarikat penerbangan itu selepas dia dan anaknya Maryam Sofea Mohd. Reza, 14 bulan, dihalang menaiki pesawat di Ho Chi Minh, Vietnam untuk pulang ke tanah air baru-baru ini.

Kenyataan Izan Suhaila itu berbeza dengan penjelasan Ketua Pegawai Eksekutif AirAsia, Aireen Omar yang mendakwa, ibu malang berkenaan menolak bantuan pihaknya kerana sudah menerima bantuan daripada pihak lain.

Read more here: http://www.utusan.com.my/utusan/Dalam_Negeri/20130523/dn_06/Izan-nafi-terima-bantuan-AirAsia#ixzz2U6Gx0plR



Folks, who is telling the truth? Hmmmmmmmmmm!!!!!!!!

Folks, AA India has conveyed to the Ministry of Civil Aviation (MoCA) that the CFO and COO for its Indian arm are both going to be Indian nationals and it has submitted the names of its six directors for obtaining security clearance from the Ministry of Home Affairs, as per an ET report.

A security clearance for the board of directors is a prerequisite for AA India to receive a No-Objection Certificate (NoC) from the MoCA to launch operations.

The security clearance could take anywhere between a month to three or more.

AA India appointed an Indian CEO, Mittu Chandilya, to head AA India on May 15 but the names of the CFO and the COO have not been decided yet.

“They have conveyed to us that the CFO and the COO are going to be Indians. But names of Board of Directors need security clearance irrespective of nationality.

We have to submit this list to Home Ministry and we plan to do it on Wednesday," a senior MoCA official said.

Well folks, this correction open the door for buying opportunity. But I will skip Airasia as price toooooooo high!!!

The Shanghai Composite Index was itself off only 0.72% after the HSBC PMI release.

Kim Eng Securities head of sales trading Andrew Sullivan said he doubted the data would lead any significant downgrades to estimates on Chinese economic growth, as a number of brokerages had already cut their outlook.

“But people will be watching for any government announcements of stimulus spending, which would be taken as positive,” he said.

Fears that the Chinese economy was losing momentum also hurt U.S. stock futures, as well as risk currencies and commodities.

There you go, folks!

Asian stocks took a beating Thursday as data showing that Chinese manufacturing activity unexpectedly contracted in May exacerbated early losses recorded on worries the Federal Reserve could downscale its bond purchases.

Japanese shares suffered the most, with the Nikkei Stock Average swinging spectacularly to close -7.3% down 1100 points.

Folks, AmeSecurities fair value for AA at Rm2.80!!

It seems as if AA is sacrificing yields to maintain traffic growth – early signs of impact of new competition. In fact, since 4Q12, core yields have seen deep contraction.

More importantly, loads slipped despite the sharp contraction in core yields.

Folks, Lion Air Group reportedly plans to launch a Thai LCC subsidiary, Thai Lion Air, with the carrier already recruiting staff, according to a report from Bangkok Post.

Thailand’s Civil Aviation Department director-general Woradej Harnprasert said: “Lion Air's entry is good for more healthy competition, giving passengers choice.”

The start-up will reportedly operate from Thailand’s Bangok Don Mueang International Airport, using up to six Boeing 737-800s.

The aviation ministry had also asked AA India to “indicate” the names of the senior management personnel it plans to hire.

Fernandes didn’t mention the names of the senior management of its Indian unit in his letter .

AA has on 15 May announced that Mittu Chandilya would be its first India CEO. It has not announced the rest of the management line-up.

“The start-up process has been smooth sailing so far,” said Fernandes in a statement from Sepang, Malaysia, on AA’s financial results. “We have submitted our AOC (air operator’s certificate) application and are currently waiting for the approval before we start operating in Chennai.”

Hmmmmmmmmm ....... interesting!!

Folks, back to AA India.

One of the two government officials cited above said the airline has not provided certain details in its application. The ministry had asked whether the chairman, managing director, chief executive officer, chief financial officer and chief operating officer of AA India will be Indians or foreigners.

Tony Fernandes, in his letter to the ministry last fortnight, said all these executives will be Indian nationals.

He also wrote that it would take at least six months from the date it receives an “NoC” or no objection certificate from the aviation ministry for the airline to meet safety and security regulations and start operations.

Given that home ministry clearances take at least two months and sometimes three to come through in case foreigners are present on an airline’s board, it could be at least four months before AA India receives its “NoC” from the ministry, said the first official. That would be in September.

After receiving the NoC, the airline would need to acquire an airline license and get approvals for all its safety and security manuals and engineering set-up from the Directorate General of Civil Aviation and Bureau of Civil Aviation Security.

“The September launch is unthinkable,” said the first government official. A second government official confirmed the development.

If the airline gets its NoC only by September and requires six months more to start operations, AA India’s launch may spill over into 2014.

So how?

While Maybank Investment bank TP for AA at rm3.00 only folks!

Uninspiring. AirAsia’s 1Q13 was mixed, the core airline businesses in Malaysia, Thailand and Indonesia performed largely to expectations but all the JVs and associates disappointed.

New JVs and associates hurting. AirAsia’s subsidiaries (AA Expedia, BIG, Philippines and Japan) are making substantial losses in 1Q13. On a collective basis, AirAsia’s share of losses from the new JVs and associates were MYR93.2m (+500% YoY).

The impact to the P&L was much less at only MYR35.5m, due to the equity account method which AirAsia’s share has been reduced down to zero.

However, we are concerned that prolonged losses will require for AirAsia to make an equity injection, or worse, write off some of the business altogether.

There you go, folks!!

Folks, AA had earlier said it plans to start services by September with two Airbus A320 planes, Mint reported on 16 April.

It submitted a detailed business plan to the aviation ministry in late April that envisaged the joint venture expanding to 36 aircraft by the fifth year, using Chennai and Kolkata as its operational hubs, Mint reported on 25 April.

So how now??



AirAsia; Hold - HwangDBS Research Highlights - 23 May 2013

Price Target: RM2.90; AIRA MK
Higher losses from Japan

1Q13 net profit of RM137.6m below our and consensus expectations. Higher losses from Japan offset Thai profits. Target to resolve Japan management differences by mid-June; Indonesia AirAsia listing by 1Q14. Maintain HOLD with RM2.90 TP.

Folks, AA India likely to miss September launch date. Delay likely as the airline has not provided certain details in its application, say government officials.

Hmmmmmmmmmmmm!!

Folks, the Australian air safety investigators have found that AA X pilots flew twice so low into the Gold Coast Airport that they breached safety margin between the ground and other plane.

The Airbus A330 planes were flying from Kuala Lumpur to Gold Coast when the incident occurred on May 4 and May 29, 2010.

ATSB in a report, which classified the incident as serious said that the jets descended to a height where there was no longer separation assurance from the ground and from planes operating outside controlled airspace.

There was low cloud and low visibility during at the time but there was no reason given for the pilots to breach the safe distance.

But the investigators said that the crew were probably not adequately equipped to manage the approach in other than autopilot managed mode.

Investigators cited minor safety issue concerning the airline’s training of the flight crew.

There you go, folks!!!!! Hahahahahahahhahah!!

Folks, AA currently has 124 Airbus A320 aircraft in its fleet, compared with 118 at the end of 2012.

While capacity went up by 9 percent in the first quarter, the carrier filled 79 percent of its seats, down by one percentage points.

Time to buy or time to dump this stock, folks? Careful now!!!!!!!

Folks, in March, AA acquired the stake in Zest in the Philippines. The airline is expanding as the entry of Singapore Air’s Scoot and PT Lion Malaysian venture Malindo Airways boosts competition in the region.

AirAsia is also expanding its fleet. In December, the airline ordered 100 Airbus A320s valued at $9.4 billion, in addition to the 200 it had agreed in 2011 to purchase.

Well folks, is this the beginning of the end? Time will tell!!!!!!!

Folks, India Venture expenses eroded gains from carrying more passengers and charging higher fares.

AA’s passenger numbers rose 7 percent to 5.2 million in the period, and average fares increased by 2 percent, according to the statement.

Folks, AA said jet fuel costs rose 18 percent in the quarter to 523 million ringgit, while aircraft lease expense climbed 11 percent to 44.7 million ringgit.

AA also had a foreign exchange loss of 37.7 million ringgit on its borrowings, compared with a gain of 88 million ringgit a year earlier.

Hmmmmmmmmmmmmm!!!!!!!!!!!

Folks, AA fell 1.2 percent to 3.24 ringgit in KLSE trading yesterday before the earnings were released.

The stock has jumped 26 percent this year, outperforming a 5.6 percent gain in the benchmark FTSE Bursa Malaysia KLCI Index.

Falling knife in the making as more foreign funds selling aggressively in the coming weeks? Only time will tell!!!!! Wakakakakakakakak!!

AA’s spending on fuel and finance costs rose in the quarter as the carrier expanded its fleet to fend off rising competition from new discount carriers such as Singapore Airlines Ltd. (SIA)’s Scoot.

Folks, Tony Fernandes has this year announced a venture in India and bought a 49 percent stake in Philippine low-fare carrier Zest Airways Inc. as he boosts his bet on Asia’s rising travel demand!

Now, a falling knife in the making? Well only time will tell!! Hahahahahahahahahah!!!!!!

well folks, AirAsia reported its first drop in profit in five quarters as higher fuel and finance costs eroded gains from carrying more passengers.

Net income fell 39 percent to 104.8 million ringgit in the three months ended March 31 2013.

Careful now!!

KUALA LUMPUR (May 20): Instacom Group Bhd jumped as much as 8% on speculation that the firm has clinched an estimated RM200 million government job to construct ...

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Latest on MAJOR SHAREHOLDERS

As of 30/11/2012 - TUNE: 710,931,282 units 25.75%
As of 22/04/2013 - TUNE: 643,835,392 units 23.00%

As at 25/09/2012 - EPF: 273,585,900 units 9.84%
As of 06/05/2013 - EPF: 215,242,300 units 7.75% (latest)
- Disposed 06/05/2013 5,000,000

As at 23/01/2013 - WELLINGTON: 324,591,988 units 11.68%
As of 03/05/2013 - WELLINGTON: 225,964,138 units 08.13%

Folks, EPF & Wellington have been gradually paring down its stake in all its long-term holdings in aviation stocks, in particular AAsia.

AAsia, which has the highest foreign shareholding has also seen some foreign investors selling down on their positions.

Careful now!!

Folks, Jetstar is also planning to take advantage of the new bilateral to add capacity on its four Singapore-Indonesian routes – Bali, Jakarta, Medan, Surabaya.

The group is expected to announce within the next week weeks capacity increases for most or all of its Singapore-Indonesian routes which will also take effect in 3Q2013.

The Jetstar Group now primarily uses its Valuair subsidiary, which was acquired by Jetstar Asia in 2005, to operate in the Indonesia-Singapore market with some capacity also provided on two of the four routes by Australia-based Jetstar Airways.