Icon8888....u said "sure close", later someone will come and nag nag nag again... :-D

Exactly, same here. The funny thing is I'm not sure who even appointed him/her to be the "police" of this forum. Sigh.

The sad thing is he/she has so much time to copy & paste than doing other more productive matters.

Dataprep unaware of reason for unusual market activity

KUALA LUMPUR (March 17): Dataprep Holdings Bhd, whose share price jumped 61.11% today, said it is not aware of the reasons behind the surge.

The company said this in a filing today, in response to Bursa Malaysia's unusual market activity query.

The stock leapt 16.5 sen to close at 43.5 sen. It saw 173.17 million shares traded, way above its 200-day average of 1.02 million shares.

This is the second time Dataprep has been queried by Bursa this year. Its share price surged 57.14% to 22 sen in four trading days from Jan 4 to Jan 9, to which the company similarly said it was unaware of the price jump.

Dataprep was not immediately available for comment when contacted by theedgemarkets.com.

SJ Securities Sdn Bhd senior remisier KC Goh said institutional buying contributed to Dataprep's strong gains today.

"Technically, institutional buying constituted to 53% of the buying, which can explain why the counter is so strong today," Goh said.

"For the last 13 days, funds have been on net buying except for two days of profit-taking in between. It is also trading above 360-day moving average lines, meaning long-term funds may be back to the counter," he told theedgemarkets.com.

Dataprep has recorded consecutive quarterly losses since 3QFY16. On an annual basis, the company has been loss-making since FY08.

The IT company has prominent businessman Datuk Lim Chee Wah among its directors. Dataprep is the only listed company controlled by Lim, who recently upped his indirect stake — via VXL Holdings Sdn Bhd — from 53.09% in 2014 to 64.2%.

Lim's VXL Group is the major investor for the US$2.9 billion (RM13 billion) Genting Secret Garden holiday and skiing resort in Zhangjiakou city in Hebei province, which doubles as the venue for Beijing Winter Olympics 2022.

Dataprep was in turn appointed as the ICT project delivery partner for Secret Garden — the largest skiing project in China — back in February 2012.

Source: http://www.theedgemarkets.com/my/article/dataprep-unaware-reason-unusual-market-activity

EPF acquired another 2m shares!!!

Changes in Sub. S-hldr's Int. (29B)

AIRASIA BERHAD

Particulars of substantial Securities Holder

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP
Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares
Name & address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur
Wilayah Persekutuan
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Description of Others Date of change
No of securities
Price Transacted ($$)
Acquired 10 Mar 2017
2,000,000

Circumstances by reason of which change has occurred Acquisition of Shares
Nature of interest Direct
Direct (units) 169,249,949
Direct (%) 5.064
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 169,249,949
Date of notice 13 Mar 2017

Changes in Director's Interest (S135)

AIRASIA BERHAD

Information Compiled By KLSE

Particulars of Director

Name DATO' MOHAMED KHADAR BIN MERICAN
Descriptions(Class & nominal value) Ordinary Shares
Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted ($$)
Acquired
13/03/2017
10,000
2.820
Acquired
13/03/2017
10,000
2.830

Circumstances by reason of which change has occurred Acquisition of Shares
Nature of interest Direct Interest
Consideration (if any)
Total no of securities after change

Direct (units) 20,000
Direct (%) 0.000
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice 13/03/2017

Notice of Interest Sub. S-hldr (29A)

AIRASIA BERHAD
Particulars of Substantial Securities Holder

Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP
Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares
Name & address of registered holder Citigroup Nominees (Tempatan) Sdn Bhd
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur
Wilayah Persekutuan
Date interest acquired & no of securities acquired

Currency Malaysian Ringgit (MYR)
Date interest acquired 09 Mar 2017
No of securities 7,439,300
Circumstances by reason of which Securities Holder has interest Disposal and Acquisition of Shares
Nature of interest Direct
Price Transacted ($$)

Total no of securities after change

Direct (units)
167,249,949
Direct (%)
5.005
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice 10 Mar 2017

Still fighting. Not sure if those of you in this "fighting ring" is here to make money or fight. Sigh.

AirAsia X Bhd
(March 10, 40.5 sen)
Maintain buy with a target price of 50 sen: Although AirAsia X Bhd would not add any new aircraft in 2017, management is guiding for a 25% increase in available seat kilometre (ASK). Growth in ASK would be driven by the full-year impact of the capacity put in place in 2016, higher aircraft utilisation and redeployment of two wet lease aircraft back to scheduled flights. Although the Mauritius route is to be dropped, it plans to increase frequencies to Tehran, and introduce flights to Wuhan and Hawaii later this year. We believe management may add one more new destination in Asia to deploy its spare capacity. ASK growth could exceed 25% if AirAsia X manages to commence flights to Europe later this year. Launch to European routes from Malaysia depends on availability of appropriate aircraft for lease.

While competition is likely to worsen — with the addition of fresh capacity by Malindo Air and Malaysia Airlines — we believe AirAsia X would be able to report slower but continuing improvements in 2017 yield. Management has highlighted that the carrier continues to increase its average air fares by double digits, especially for high-demand maturing routes like Japan, Iran and South Korea. The forward booking numbers disclosed by AirAsia X remain encouraging, with higher year-on-year load factors and average fares through July. We forecast 8% and 2% yield increases in 2017 and 2018 respectively, down from the 14% (excluding fuel surcharge) reported in 2016.

In 2016, Thai AirAsia X (TAAX) witnessed strong improvements in operations as losses continued to narrow. We expect TAAX to turn profitable in 2017. Indonesia AirAsia X (IAAX) has suspended operations starting September 2016. IAAX is undergoing restructuring, and operations are expected to resume in early second half of 17. However, earnings from two aircraft being leased to AirAsia should help sustain earnings and enable the airline to report lower losses in 2017.

The ringgit has depreciated from an average of RM4.14 per US dollar in 2016 to a spot price of RM4.47. We forecast the ringgit to average RM4.43, suggesting downside risks if the currency continues to weaken. This is as all of its debt and large portion of its operating cost are denominated in US dollars. — RHB Research, March 10

feicsh, I believe your point is made crystal clear. Fools will be fools and you can't teach old dog new tricks. Keep the info-sharing coming. :-)

All stats r based on todays CW and AA closing price.

To those interested in AA CW...above are all the "alive" warrants sorted by expiry date.

Warrants W. Price Ex. Price Ex. Ratio Exp. Date Days to Expiry Premium Gearing
C39 0.080 2.700 3.000 17/3/17 8 2.44% 11.96
C38 0.080 2.650 3.500 28/4/17 49 2.09% 10.25
C45 0.150 2.900 3.000 31/5/17 82 16.72% 6.38
C46 0.215 2.500 3.000 31/5/17 82 9.58% 4.45
C41 0.080 3.300 3.000 6/6/17 87 23.34% 11.96
C49 0.300 2.150 3.000 31/7/17 142 6.27% 3.19
C48 0.120 3.000 3.500 16/8/17 157 19.16% 6.83
C42 0.110 2.700 4.000 28/8/17 169 9.41% 6.52
C43 0.130 2.880 4.000 28/8/17 169 18.47% 5.52
C44 0.115 3.080 3.000 28/8/17 169 19.34% 8.32
C47 0.180 2.600 3.000 31/10/17 232 9.41% 5.31

AirAsia Berhad
Why AAC will be valued at more than US$1bn
■ AirAsia is packaging together a whole set of current and future benefits to the new
owner of AAC, which is intended, in our view, to push up the valuation of AAC.
■ As such, we think that the whole of AAC can fetch more than the original indicative
valuation of US$1bn equity value; US$1.2bn would be our best estimate.
■ Maintain Add and our target price of RM3.73, based on 9x CY18F P/E, and adding
in RM1.12/share in expected special dividends.
Record FY16 core profits despite downward adjustment
● AirAsia hosted an analyst briefing yesterday to address questions on its full-year
FY16 results, as well as other general queries. The session was chaired by CFO
How Kim Lian, with other senior executives and the IR team present.
● After obtaining more clarity on the nature of the RM404m in realised exchange gains
during 4Q16, we have reclassified RM368m into the exceptional line, resulting in a
decline in AirAsia’s FY16 core net profit to RM1,547m, down from RM1,915m
indicated in our 24 Feb results report. That was still an exceptionally good
performance, and exceeded the previous record of RM1bn in core profits in FY10.
AAC sale making progress; special dividend of RM1.12/share?
● AirAsia is currently in the process of selling a 70-80% stake in its leasing arm, Asia
Aviation Capital (AAC). Final bids are due on 27 Mar, followed by a 4-5 week
evaluation period during which AirAsia will pick the buyer. A shareholder EGM will be
called during 2Q17F, and the sale of AAC will likely be completed within this year.
● Assuming that the whole of AAC is valued at US$1.2bn, and AirAsia sells a 70%
stake, AirAsia will realise gross proceeds of US$840m, or RM3.7bn at the current
exchange rate of RM4.45:US$1. This also works out to RM1.12/share, based on
3,342m shares. We expect the entire sum to be distributed as special dividends.
AirAsia is pushing the envelope on valuations of AAC
● AAC had a fleet of 63 planes at end-Dec 2016, of which 34 are leased from thirdparty
lessors and 29 are owned on its balance sheet. By the time the sale of AAC is
completed, AAC will have a fleet of 70 planes (34 leased and 36 owned), with the
novation of a further seven owned planes from Malaysia AirAsia (MAA)’s balance
sheet pending. All these 70 planes will be leased to the various AirAsia associates.
AirAsia to pump in 38 more planes from the MAA fleet
● In addition to the 70 aircraft leased to the associates in Thailand, Indonesia, the
Philippines, India and Japan, the future majority owner of AAC may eventually see its
fleet grow to a total size of 108, as MAA plans to sell and leaseback 38 A320ceos (of
2009-2014 vintage), which are currently owned by MAA and sit on its balance sheet.
● This is important in reducing the overall risk profile of AAC, by diversifying its
customer exposure, and by having a highly-profitable MAA in its portfolio. Hence, this
move will help raise the valuations of AAC, in our view.
One-third of AirAsia’s orderbook to be allocated to AAC
● AirAsia currently has orders for 400 planes (300 A320neos and 100 A321neos).
One-third of this orderbook (133 planes) will likely be ‘promised’ to the new owners of
AAC, in order to grow the business with third-party airlines and AirAsia group airlines.
This orderbook is likely to be attractively priced, since AirAsia is Airbus’ largest
customer, and will be highly valued by newcomers to the aircraft leasing business.
MAA will see lower residual value risk, but higher leasing costs
● MAA currently has a fleet of 77 A320 planes, i.e. 74 ceos and three neos. The
potential future sale and leaseback of 38 ceos make up more than half of its current
ceo fleet. It will also dramatically reduce the proportion of owned aircraft from 92%
(71 planes) currently, to 43% (33 planes). While future leasing costs will be higher, it
will have lower residual value risk of the older variant of the A320 plane.
Existing book at US$740m; future book worth US$460m more
● We estimate that AAC will deliver revenue of US$275m and net profit of US$63m in
FY17F, based on a portfolio of 70 planes. A portfolio of 108 planes will raise revenue
to US$380m and net profit to US$87m. The sector is trading at an average P/E
multiple of 8.5x in CY17F; AAC is worth US$740m at that multiple.
● If AAC is valued at US$1.2bn, the remaining US$460m is attached to the orderbook
of 133 planes, as well as the control premium and scarcity value, as an opportunity to
buy an existing leasing business with established relationships with Airbus and GE
(CFM engines) is rare. The target is for AAC to double its fleet size to 200 planes in
five years, partly from orderbook deliveries and partly from third-party leases.

Note: source from CIMB Research

Icon8888, you bored to see AA going up and up???? Hahaha

Icon8888, with due respect to you, it wouldn't hurt to refrain from unnecessary criticism of others so that you can do what you do best, i.e. info sharing.

AA up also want to quarrel and AA down also want to quarrel. Is it so hard to just share info and keep it at that?

Here is the article:

https://drive.google.com/open?id=0B6sZu8jKfBwcQ1dkUFRHX3BJYkE

Icon, I thought the forex is compared end 2016 with end 2015, no? If yes, then end 2015 is 4.30 vs end 2016 4.48.

http://airasiax.listedcompany.com/misc/4Q16.pdf

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5320725

Looks like 2016Q4 results gonna be out by 19 or 20 Feb.

VG, u really scour the internet gao2 for news related to Airasia. :)

supersaiyan3, the clause is there for IB to adjust CW exercise price. Check in the latest prospectus for respective IB (you won't see it in the term sheet). I've inquired with CIMB before and they confirm will adjust if special dividend is > 2% of the exercise price. An excerpt below from CIMB email reply to me:

"CIMB will adjust the Exercise Price and Exercise Ratio of the structured call warrants whenever the company goes ex-dividend. Please note that CIMB will adjust the call warrants for the special dividends if the adjusted amount to the Exercise Price and/or Exercise Ratio is more than 2%."

JJchan u seemed to know a lot how IB works with CW...u hv worked as IB'er before or is one now? :-)

I think we forget that this is a platform for us to share or trade info. If you think it is crappy then just ignore. No point trading personal attacks. Nobody wins.

AmateurPlayer, thanks for the info.

RenegadeMaster, you will soon get used to it and learn the art of speed filtering. Hahaha.

@valuegrowth, the PP fund will show up in the CFS as funds from new share issuance and depending on when it is utilized to pay down debt, it will show up in BS either in cash or reduced debt.

TF's 559m share issuance final approval from BNM done. That explains the last min price hike.

http://www.intellecpoint.com/2016/11/airasia-article-on-bloomberg-quite.html

http://www.intellecpoint.com/2016/11/airasia-article-on-bloomberg-quite.html

As always, thanks Icon8888 for clearing the air. I was honestly quite confused after reading that Bloomberg's article.

valuegrowth, well if more aircraft go under AAC would be good because debt and maintenance cost (in USD) shd decrease. I wonder if operating lease expense is in USD or RM.

Is AA taking deliveries of the A320neo or AAC or a combination of both?

valuegrowth, I second your suggestion. :-)

Based on Q3 results, AAC is carrying debt of ~RM2.1b. Once AAC is sold, this amount can be excluded from AA's current debt level of RM10.3b. Anybody knows if my assumption is correct?

Icon8888,based on Q3 results, AAC is carrying debt of ~RM2.1b. Once AAC is sold, this amount can be excluded from AA's current debt level of RM10.3b, am I correct?

char1234, the result was out 2 days ago.

Sekali, TF pulls a surprise and announce Q3 results together with sale of AAC. Hahaha. Wishful thinking but I sure do hope so.

All here should learn to ignore if comments r nonsensical. Focus on investment la guys. No point responding.

Kbkool, exactly. Some ppl here r really hard to please.

Whatever will be will be. No need to guess so much. We will know by end of day tomorrow. :-)

@SimpleInvestor, best to just ignore and focus on investment. No point responding. Waste time and breath.

JJchan, taking AAX? :-)

Another piece of news on the new route...

http://themalaysianreserve.com/new/story/airasia-x-flies-honolulu-starting-early-2017

AAX CEO sounds confident that Osaka-Hawaii route coming soon...

https://www.flightglobal.com/news/articles/routes-airasia-x-expects-to-start-hawaii-service-i-429703/

@scanner, go check out the term sheet for AA-C38. You will know what I meant.

@scanner, those warrants which you mentioned are call warrants. It doesn't result in new AA shares being issue upon expiry.

Valuegrowth, this is the old fart's style. Always write long comments to bash. A lot of ppl also got suckered by him with PMCORP.

AAX Q3 results will be out on 22/11.

http://www.thestar.com.my/business/business-news/2016/11/15/diary-malaysia-2016-corporate-earnings/