Jeffreyteck, nothing unusual about profit distribution. The non-controlling interest is in joint venture property projects which had been profitable. Thus, joint venture partner also shares in the profits. However, most of the construction projects are mainly undertaken by Bpuri itself. Thus since the construction sector is currently not profitable the loss will have to borne mainly by Bpuri itself. Jefferyteck, perhaps you should consult a qualified accountant to help you better understand the detailed financial statements contained in the Annual Reports before commenting further.

It looks strange director dispose shares at 0.285 today when the price traded today for BCmall is between 0.315 to 0.36 as indicated above. Also the disposal by the two directors on 4 Aug is also at 0.285. Also one of the directors also disposed on the 3rd Aug also at 0.285. Just my observation from the information in i3investor above. Any sifu here would like to comment on possible reasons for this?

Thank you very much Sslee for the sharing of the response from Tunepro IR to your questions. One of my concerns is the frequent change of Group CEOs in the company since the IPO. I remember a great presentation by the immediate past Group CEO during the AGM last year. However, she has now resigned after less than 2 years at the helm, and thus not having to account to shareholders at this year's AGM on the implementation of the strategies and plans that she presented at the AGM last year. Hope the BOD is seriously addressing this issue.

Anyway, good uptick in share price today. Hope this price trend continues.

Well written articles by Icon8888 and Felicity (see Latest Headlines at the top of the page) pointing out the inaccuracies of the Bloomberg report on Air Asia leasing business. This is how a good article should be written with facts and figures to back up and should serve as a role model for other commentators in this forum. Now that the inaccuracies have been highlighted lets hope that the share price of Air Asia will move up to reflect its true underlying fundamentals.

dragonofdark, as stated in the just released Press Statement by Eversendai, along with the financial report, the loss incurred by the company was due to adjustment for "fair value of financial assets". It is common knowledge that this is due to the company's investment in TOGL. The company's press report also states that the profits during the quarter under review would otherwise have been RM 17 million, compared to the corresponding quarter last year profit of RM 14 million. The loss this quarter due to TOGL investment has already been largely factored in by the market and analysts.

However, dragonofdark, you have stated in your posting in this forum, among other dates, on 12/08/2016 as well as on 23/08/2016 that there will be an extra item (Big surprise), other than TOGL that will affect Eversendai's profits for the quarter. Now that the quarter report is out can you please point out what the extra item is, other than TOGL, that has contributed in a big way to the loss in the quarter, as claimed by you in your earlier posts?

Awaiting your response on your postings as mentioned above.. Dragonofdark, you may wish to note that it is an offence under the Malaysian Multimedia and Communications Act to spread false rumours through the internet.

Jonathan, my concern is competition from MAS as it is a GLC. Even if MAS makes a loss they will still be bailed out using taxpayers money, as has happened so many times before. Thus, if they (MAS) want they can offer seats below cost and still survive which AAX cannot do so.

Unfortunately, it is not a a level playing field. I am not concerned much about VietJet and JetAir as Airasia/AAX is much more efficient and has a lower cost structure then these carriers. I am confident AAX will do well if there is fair competition but this is not the case for the Malaysian aviation sector.

Agreed competition will always be there in business. However, the issue is that competition with MAS is often not at a level playing field.

I do have concerns on this counter in the light of the statement today by MAS CEO, Peter Bellew. Please refer to The Star online today. He has indicated that MAS intends to lower fares and provide better offerings to the customers, as well as expand capacity for flights between 4 to 8 hours from Malaysia. As stated by AAX senior officials themselves in the past, the key reasons for AAX current return to profitability are fare rationalization and reduction in capacity by MAS.

With MAS planning to reduce fares and intending to increase flights for destinations that are 4 to 8 hours from Malaysia (the current niche of AAX) direct competition with AAX will again increase. In addition, AAX which had earlier cut capacity is also increasing its own frequencies and capacity which could affect base fares, going forward. It looks like the exact scenario in 2014 and 2015, when AAX made huge losses, is being played out again. This is just expressing my sincere concern. Hope somebody here can show me (with facts) that I am wrong as I am an AAX shareholder too and want AAX to continue to be profitable.

Excellent observation, Radzi. Perhaps, those who are able to attend AAX AGM next Tuesday, 31 May should raise this question at the AGM. The Board members will have to respond to clarifications raised by shareholders. It is indeed strange that AAX with a fleet size of only 29 planes incur significantly higher maintenance charge compared to Air Asia which has about 6 times the number of planes. The leasing cost vis a via Air Asia also need to be probed in detail. We as shareholders deserve detailed clarification on this from the AAX board!