rimxed : AAX is for long haul. Price is trading at a big discount to actual value and this is not scheme cepat kaya.

investment is still trading. The main difference is the time of holding.

Sincerely, I will increase my holding in AAX. Only that I am a bit worried about T+4 effect of too high sudden volume on Monday but today looks like good time to buy again.

Crocs : It is still good for long term investment. You don't expect this to be scheme cepat kaya in 1 day period. I already hold for around two months and looking at 400-500% in the long run (6 months - 1 year). My dream, your dream.

Looks like today is a better day to additional buy than yesterday.

traderman : that one I agree. hehehhe still very cheap RM 295 per 1000 shares. Maybe after 4.30pm tomorrow , market will push ?

tomorrow big volume..T4.

I dont know what to say about yongch : when he said sell ! sell ! sell ! at 24cents .... the price goes up and when he says buy ! buy ! buy ! , the share price goes down. Pity this guy.

Yes Jonathan Keung.... we are optimistic about AAX.

I stand to be corrected - Öther Income contribution is 60% of Profit before tax , and less than 50% of Profit after tax.

csengc61 : You have tunneled your vision on "other income". P & L statement had a few revenue and cost variables and you need to consider that too.

Let me start off with this. Öther income constitute of around 60% of Q42015 profit. The worst scenario. AAX get zero other income (not true based on historical data). So, you lose that 60%. The other big component is forex appreciation, RM has appreciated and is still appreciating. Here, forex give you around 40% of Q42015 profit (that is when spot forex increases from 4.40 to 4.30. Now, in this Q12016 the appreciation is more than that. So at worst, Q12015 will have an expected profit around RM 50-60 million.

Since you like to ask questions, let me also ask you several questions. If you can think through it, my writing here will be meaningful. A person who find the answer by himself will be more convinced by his answer than being fed by someone else....OK, nowwwwwww let us move back to what about other cost variables ? :)))). Fuel saving ? You can calculate yourself (RM 85 to RM 59). Lease cost ? . Airplane is leased in USD (as currency), RM appreciates - lease cost reduces. How much ? Revenue increases by Delhi Route, Auckland route, Bangkok - Lua Prabang route ? By how much ? Another point - out of due respect to passengers of QZ8501, in one year 2015 - AAX did not do any marketing. So.... their revenue by right flat. They started to market again this year ... with AA Promo . Would that not have any effect on positive revenue ? Considering all these factors - dont you think PAT would be more than RM 60 million in Q12016 ? Maybe you can verify it.

OK, I dont know what öther income constitute of, but I have told you the worst case scenario.

I can do proper study like McKenzie or Boston Consulting Group consultant. Can be hired with a fraction of their cost and have a Dr. stamp in-front of my name for credibility.

hedging was done by AirAsia, so I dont need to do the hedging in Bursa by buying O & G stocks. Oil price will find the bottom this year (may have found it), stabilize and increase. But 2016 as a year is still a good year for low fuel expense for AAX and AirAsia because they have hedged around 50% of the oil price, I hope they hedge more. I will re-access the situation. Perhaps towards the end of the year, it may be good to buy stocks in O & G, not to hedge AA share but to make profit from O & G stock, provided we analysed that the institutional player has not react to changes in macro-economics situation. Currently, O & G sector is still struggling and I dont find enough motivation to enter.

Madcat : Add these too : GDP (growth or recession), growth expectation of air traffic, supply and demand, interest rates, price sensitivities vs competitors.

Pussycat : Economically, fuel price had gone down, currency devaluation not significant effect on debt, and tariff increase a few years ago. In 1998 currency devaluation caused TNB share to drop to around RM 2.00 because it caused losses of about RM 1 billion. But current scenario, the unrealised loss is minimal. So, somehow the management had done something great there. If you regress (linear) the PAT and Revenue, for the past few years, you could see some good trend. Unfortunately for you and me, the price had been up grabbed by institutional investors, so mismatch between share price and economic value is minimal. Not much benefit to ikan bilis like me.

BTW Yen Leng : Try to read this book - "The Inefficient Stock Market - What Pays off and Why" by Robert A. Haugen. Very refreshing.

Jonathan Keung is on the spot.

Yen Leng : Move from external factor first - economics, look at the economic prospect 6 month - 1 year ahead. Filter shares that would be positively affected by economic factors and look at mismatch between share price (market value) and economic value projection - here some knowledge of regression is required. So to say, I dont look at stocks (micro/internal factor - quite hard you may never know if the directors intend to suppress the price) but rather move from macro factor.

The stock that I would prioritize is the stock that has the biggest mismatch or inefficient between share price and economic value projection. AAX is one of those.

Others currently affected positively by macro economic factor are Tenaga Nasional, TopGlove, Hartalega, Supermax ... but I think the inefficient between share price and projected economic value is not so great as AAX.

luckyear : emotion - not really if you dont play contra.

TA - I dont do much because I dont do frequent sell and frequent buy. I buy once and keep if I dont need to use the money.

Luckyyear: Hard to say, I would not want to jeopardise others opportunity .... I may have done that to tradermen... that is why he is angry with me , not only me, but he is angry with JJChan as well. But frankly, I just bought WA around two months ago and will be keeping it for around one year. Entry price is high now 18 sen compared to the time I bought them 6-7 sen. But, I dont think the price increase will stop here. The mother share is too cheap and will adjust. I purchase on future value. Still keeping means I see future value will increase.

some lucky buy low sell high , some unlucky buy high sell low.

depends where the contra kaki enters.

tradermen : I dont know who you are but I hope you dont make losses by contra play on Monday.

Tradermen : your account started a few days ago. LOL, I am happy you are here and I hope you can accept me in this forum.

Yen Leng : I took an MBA course , was guided by Prof. LVLN Sharma, who at that age of 70 had nothing to lose and sincerely gave out his thoughts. I dont think he is around Malaysia anymore as he originated from India and well his cousin was ex finance minister of India. Main point - you need someone who sincerely teach you and not go after your money. Find one - you will not regret. If you cant - independently - try to learn fundamental analysis and have interest on statistics - regression (logistic and linear) , correlation studies, hypothesis testing, analytics; economics (macro and micro), corporate finance analysis - sustainable growth model, pecking order of financing, investment and etc. Frankly, I will only go in when I think the fundamental is good.

Yen Leng : I just hope that contra kaki is swept out. I hope you are not one of those :p.

Ahhh this clone tradermen ; I am not sure why he is angry at me. I think he bought at 7 sen and sold at 11.5 sen and loss opportunity between 11.5 sen and 18 sen.

Yen Leng : If have monetary strength to keep, just keep.

Yen Leng : No point. If you do so at current market scenario, you have around 10-20% probability to make that "extra" profit, 60-70% probability to make very minimal profit or minimal loss, and 10-30% probability of loss opportunity (having to buy again at higher price)

Yen Leng : Why you sold ? I bought at around 6-7 sen and still keep. Good for long term investment.

once they think they have cut out the weak seller, then price may advance.

and then take a breather at 0.18 while slowly biting 0.185...

ABC1 : go down 0.5 sen or 1 sen (son)...and the seller volume will vanish within minutes.

time for contra kaki to let go share at 0.185. You will not know what happen tomorrow.

son : heavy volume on Monday. They accumulate at around 0.18 / 0.185 so that the speculators on Monday make slight loss if they have to sell today or tomorrow.

jjchan: ikan bilis not buying with these type of volume ?

Eric : Thank you for your reminder. I had thought about it (other income and forex gain in Q42015) previously. My hypothesis, there is big probability that the profit would be at least the same amount of the one in the last quarter, if not better.

Just to help you, at current exchange rate (if it still remain constant till 31st of March and there is a big probability it will be either constant or improve further), forex gain should be at least about the same or better than Q42015. "Other Income segment" is something that I have tried to understand. but I think in uncertain scenario where "other income" may be less than previous quarter, the profit by that revenue segment would be replaced by the reduction of fuel cost (definite conclusion) and the renegotiation of lease cost (lease cost spike up last quarter), From revenue side, it would have (1) New Delhi , (2) Gold Coast-Auckland and (3) Bangkok-Laos segments added as its new revenue segments.

My conclusion - very bullish with AAX. If the future profits are constant as previous quarter, you may never have a chance to buy the shares of an airline company at RM 300 per 1000 shares that generates expected earning RM 240 per 1000 shares in the future if you don't grab a piece of it now. (Even if you remove "other income" revenue segment, the earnings per 1000 shares would be around RM 80 per 1000 share annually - PE Ratio around 3 (very low you how cheap the price now at current moment). If you delay your intention to buy it by two months, you would have to pay higher for that shares by the time the financial statement came out (as the advantage of having ability to predict would be nullified by the announcement). Alternatively, you may not consider this opinion and would not be exposed to any risk. The share price would be moving stochastic up and down. (I may try to predict financial statement but prediction of human behaviour and emotion in the stock market is much difficult) and catch the share when it do move 1-2 cents down. I have to state - I have vested interest because I started to buy AAX shares below 20 cents and I intend to keep it medium to long term (1 year at least).

AAX - price RM 300 per lot (1000 shares). Expected earning per share 6 sen per quarter (realised Q42015) or 24 sen per annual or earning per lot RM 240/1000 shares. Where in the world one can buy 1000 shares or airline company at price RM 300 that generates expected earning RM240 ? Only AAX. Your dream come true.

LOL now I understand... someone is cloning traderman... now you have traderman, tradermen and tradrrman.... what have you done traderman such that someone need to impersonalize you ?

traderman is GG . You know what GG is ? "Gila Glamour" - post own posting.

If they make 6cent per quarter. Annual - 30 cents . So double the price of current share price to 60 cent minimum.

Warrant, because the cost of warrant is cheaper than mother share and the number of warrant is much lesser , it attracts attention and it cost less than mother with higher capital gain (in term of percentage).

Maybe, they are still accumulating AAX

Somehow.... I think they do not want to push AAX just yet....

I think selling done at AirAsia.. AAX and AAX-WA still turbulence , but, sincerely, buyer is strong at AAX-WA.

Monday volume was high . How many percentage had thrown out by now ? Any idea ?

EPF and Wellington killed those easily fainted contra and margin player...... time to stabilise. These counters AA, AAX, AAX-WA all good fundamentals. Share still undervalue. If got strength to keep , 6 month - 1 year is not a long period.

Being busy as always , I could only see my profit reduced by for AA, AAX and for AAX-WA after 6.00 pm. Having paid for the share, got nothing to lose in the long term as the company surely will return to its IPO level.

jjchan : It seems Delhi route is so good. I will attempt to purchase Delhi ticket again tonight... In the near future, Delhi would be the wow factor to AAX... and Taj Mahal, Aggra and Hydrabad is a wow factor for me ! And of course, price revision would be upward and many people will realise this when they get the 1Q2016 Financial Statement.

Another great day for aax and phenomenal day for aax-wa ! I am so busy today that I could only read other's comment.