BDI is a wide number covering various ship classes and all international shipping routes. Its not a definite reference for a single company but it does point to the fact that bulk shipping is improving overall globally. When you buy this type of cyclical share you need to look ahead. Buy and keep only if you think that regional economy activities esp China will pick up. I think POSH listing will be announced in Dec with listing in Q1 2014. I've been collecting since RM1.30s when analysts were calling for sell with TP like RM1.00. This is my long term holding.

I believe the entry of Malindo has already been priced in at current levels. Hence the reason why AA's PE is trailing behind industry average even after its stellar performance last quarter. While BOA pegs the TP at RM1.80 there are other numerous reports pegging AA's TP around RM3.30.

Institutional funds buy and sell into counters all the time and the same happens to the other bluechip stocks in my portfolio. I don't read too much into it when making investment decisions as there are other factors at play.

I don't think that low fare travel business is that easy to copy. If it was many others would have succeeded, so I think AA does have its niche expertise in this area. For the same reasons they will struggle in Indonesia because Lion has its own niche there as the markets are different.

Anything can happen in life and you are free to believe what you want. For me, AA is slightly below its FV but then again there are so many other nice counters to pick up. Given time I do believe that AA's price will pick up.

IMO, the competition from Malindo is over exaggerated and the recent BOA report is taken from an overly macro level.

Lion Air has a very spotty air safety record. I would never risk my life taking a Malindo flight and this is not a mere perception problem. The risks are very real and they are completely banned from EU airspace. Which airline's pilot take drugs during flights? Isn't safety the most important aspect of air travel after all?

It will create noise in the market initially, but I think any impact will only be in the short term.

For sure KLCI linked funds will need to re-adjust their portfolio. But if you are familiar with fund management there are all types of funds catering to different risk profiles and they too will need to re-adjust. To say that the share price is going down just because of exclusion from KLCI is over simplistic. Invest based on fundamentals and how you view the outlook of the company. Past performance and share price whether high or low does not reflect on how the share price will move in the future.