http://www.malaysiakini.com/news/303568

coming months are exciting. mas gives benifits to AA, TF big boss is back. gmt flu is over.

trend is going down. but i agree robertz. go down doesn;t mean it wont go up and change trend. there are many companies that go up but suddenly turn down trend. AA can down trend turn up trend.

http://www.pocketimes.my/node/2742

亞航笑納馬航大禮1980 0
馬航減飛止血，無形中為水深火熱的亞航雪中送炭。 2015-06-26 21:14

http://klse.i3investor.com/blogs/kianweiaritcles/79025.jsp good news for AA

holycrab: i am giving u business means looking for remiser. not to tease u or what. i fully respect your comments earlier. where got remiser talks like this to customer.

holycrab, which agency r u working in?

looks like someone purposely pull AA down.

This news http://www.malaysiakini.com/news/303144 really F UP!

what the f

https://twitter.com/tonyfernandes

flymojo from government. hmmm think twice..

its the capability of the ceo and management. when Tony went to focus his other biz and his football club as hobby. AA went down the drain... now he is back.

wellington already back. only EPF not back

I like below:

AirAsia has a lot of cash and assets

Fernandes also dismissed GMT Research’s concerns over the airline’s cash flows because AirAsia has significant cash and assets.

“He only puts all the negatives (in the report), he does not put all the positives, all the assets. What I am highlighting is, AirAsia has a lot of cash and assets that we could (utilise) if we wanted to, such as the leasebacks.

tune-insurance“We also have investments in Expedia, in Tune Insurance, which are all very valuable. So the report just highlighted one part, but it did not highlight all the potential cash we can get.

“We are not going to do it, we are not changing our plans because of the report. But I just want to highlight, we own 128 planes right? We could sell those planes and generate US$1 billion (RM3.74 billion) in cash.

“We could sell Expedia or sell Tune Insurance. I do not want to, because I feel there is a lot of value in there. But this is just to highlight that you can always paint one side of the picture, so I am just equalising it out,” he said at a press briefing in Paris in conjunction with the airshow there.

Fernandes is confident that at the end of the day, AirAsia will prove its sceptics wrong.

“No point in me talking, just let me do it. Then we will see who is right. I think our record speaks for itself… I think the main message is, despite everything that is happening we are going to have a record year in profits,” he said.

With regards to IAA and AAP operations, Fernandes said there would be a three-step process to deal with the debt and capital issues. The first is to raise capital from existing shareholders, followed by a bond issuance for US$300 million to reduce debt to the parent company and finally to list the airlines in their respective countries.

Should the bond raising exercise be successful the proceeds will be used to cut the debt owed by about half, said Fernandes. The remainder of the debt will then be paid off through cash flow. AirAsia may also choose to capitalise some of the debt pre-IPO to maintain its its current 49% stake in IAA and 40% stake in AAP, he added.

It certainly does not look like AirAsia planned to put off consolidation to fix the accounts and, in fact, tried very hard to make consolidation a reality. In that part at least, GMT appears to have got it wrong.

This kinibiz really explained alot.

http://www.kinibiz.com/story/issues/174872/did-airasia-engage-in-accounting-shenanigans.html?utm_source=applet_mkinicom&utm_medium=web&utm_campaign=mkinicom

http://www.kinibiz.com/story/issues/174872/did-airasia-engage-in-accounting-shenanigans.html?utm_source=applet_mkinicom&utm_medium=web&utm_campaign=mkinicom

AirAsia (Outperform, TP: RM2.53): Says EU ban on its flights from the Philippines lifted. The European Commission has lifted a ban on the Philippine unit of AirAsia offering services to European Union (EU) member countries, an executive of the airline said. With the lifting of the ban, the local AirAsia unit could launch a European service in the next three to five years, depending on market demand, director Alfredo Yao said. "In the future, we can do direct flights but now we are using AirAsia X for long haul," Yao said, adding that the local carrier might buy for itself a widebody Airbus A330 aircraft. (Reuters)

Now big boss Tony is back to Airasia. Hope things go well.

http://klse.i3investor.com/blogs/kianweiaritcles/78968.jsp

most of my working shirts and pants are from padini.

wah.. so fast back to 1.64?

market starts

tony said he is back to AA. will focus on AA and make decision.

when will GMT release full report?

hm... 100 bid, 4831 ask?

Holycrab, please share your details. so anything if customers want remiser can look for u. if AA not good, then what counter is good now? tq

https://twitter.com/tonyfernandes

Holy, you are remiser and work in bursa?
What's your full name? work how many years?

What's your advise then?

goldenshares: i like what u said LOL. share market no 100%

this GMT kacau kacau. MAS already went down. now kacau air asia.

This GMT very kacau.

AirAsia Bhd had to defend its accounting practices against more allegations from Hong Kong’s GMT Research yesterday ahead of a full report this week.

GMT founder Gillem Tulloch accused Asia’s biggest budget carrier of dubious accounting practices that was unsustainable in the long run.

Tulloch said AirAsia needs a capital injection of RM7 billion to address the financial health of its units in Indonesia, Thailand, India and the Philippines, which include servicing debts of RM12.7 billion.

Tulloch, who spoke in a video posted on the company’s website said, over the last six years AirAsia inflated profits by “some RM1.1 billion through leasing and selling aircraft to its associates”.

"The group's structure appears to have been designed to remit profits and cash at the operating level to the parent company from its airline associates," Tulloch said in the video.

Preliminary reports from GMT about AirAsia’s financial methods had forced AirAsia to issue counter statements defending its bookkeeping methods.

The research house is scheduled to release its full report this week. Among its accusations, GMT claimed that AirAsia’s foreign units have stopped paying bills and need support from AirAsia.

“Real profits have collapsed and AirAsia now needs a thorough recapitalisation and restructuring that will dilute existing shareholders by more than 100%,” Tulloch said. AirAsia’s chairman of its audit committee VU Kumar has come out with a statement to counter the allegations.

He said the company was “distressed and peeved” at being accused of abuses and condoning accounting gimmicks by GMT.

Kumar said GMT should check with AirAsia before making public accusations that could tarnish the airline’s reputation.

Countering one of GMT’s accusations, Kumar said local regulations in Indonesia and the Philippines prevented the airline from consolidating its foreign associates.

"(The company) has for at least over 12 months, had a whole series of meetings with PricewaterhouseCoopers (PwC), legal advisors, management of the associate companies and aviation regulators to effect consolidation of its associate companies," he said.

However, due to aviation regulations in Indonesia, the Philippines, Thailand and India as well as local business laws, Kumar said AirAsia could not have legal control or legal power over its associate companies.

AirAsia owns only 49% of AirAsia Indonesia and 40% of AirAsia Philippines.

Kumar said AirAsia risked losing operating licences of its foreign associate companies if it changed equity holdings in those companies.

AirAsia CEO Tan Sri Dr Tony Fernandes has also defended the company that he founded with Datuk Kamarudin Meranun in 2001.

He told Bloomberg TV last week that “people will see tremendous value in AirAsia stock”, and that he had a “strategy to turn around (operations) in Philippines and Indonesia”.

AirAsia’s stock has taken a beating since GMT made its claims public, slumping from RM2.10 to RM1.43 at the lowest.

It showed a slight rebound yesterday, closing at RM1.64 compared to its peak of RM2.82 in January.

GMT Research has a target price of RM1.20 for AirAsia but local analysts believe investors may have been too hasty in their response to the report.

“It’s nothing new. I don’t know why investors are selling,” said Brendan Sobie, chief analyst at CAPA Centre for Aviation.

Sobie said while AirAsia’s Malaysia and Thailand operations have been a success, the airline has faced pressure in Indonesia and the Phillipines from the very beginning.

In Indonesia, AirAsia has seen intense competition from CityLink and in the Philippines, from Cebu Pacific.

Sobie said AirAsia was reluctant to exit non-performing markets because it continues to see potential to participate as a third player as well as ensuring its investments are diversified.

“To throw in the towel would be quite a controversial decision,” he said.

“AirAsia needs to respond strategically to new competitors and carve out a leading position by focusing on certain markets. It cannot be overly ambitious.”

Shukor Yusof, head at regional aviation research house Endau Analytics, maintained that AirAsia has a solid business model and strategy.

“The only slight drawback is that there are weaknesses in how the airline concentrated its revenue flow through its subsidiaries,” he said.

Shukor believes AirAsia’s accounting methods were not “toxic” and did not justify the valuation of the airline, given its potential and fundamentals.

“I believe the associate will become our most profitable,” said AirAsia’s Fernandes on his Twitter account, referring to his Phillippi nes associate, after praising the team for the “great welcome” he received on a visit yesterday.

AirAsia offered three million seats on discount at all-inprices as low as RM9.54 one way yesterday.

PATIENCE. That GMT should show his report once and for all.
look at his previous video. like put effort to pull AA down.

gmt show tomorrow?

忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍忍

looks like going down. looks like going up. both sides fighting

Hm..looks like price going up.

y bid higher than ask?

i saw 1.7, 1.67

1.7? Purposely push it up?

unless some investor no time to everday look at the stock market.... they will buy and wait until it reach certain selling point. not everyone so free can sit infront of laptop

yea...if the price down, no choice but to wait... that is "long term investor" too

yes...from chart. it will bounce. may reach 1.43-1.44 if everything is good.

well, i am a so called long term investor.

received dividend yesterday. Padini dividend is HIGH!

Heard from BFM today morning.

the GMT will come out with full report soon this or next week.

A research company usually will check with the company before revealing any report but this GMT is new and didn't follow the normal practice. There must be something suspicious. They are traders too.

So far there are BUY call more than sell for large volume. So BFM said dont think Airasia will comment anything.

padini is like a "everyone can buy" brand.

i agreed with UNCLEJOE

DKSH and AstraZeneca expand relationship in South East Asia

http://www.dksh.com/htm/388/en/DKSH-and-AstraZeneca-expand-relationship-in-South-East-Asia.htm?Id=667159

DKSH to announce half-year results 2015 on Monday, July 13, 2015

http://www.dksh.com/htm/388/en/DKSH-to-announce-half-year-results-2015-on-Monday-July-13-2015.htm?Id=668135

have friends working in DKSH PJ. good company.

eragon: good say