TF comes into rescue, should be fine now.

Yup, MQ calling RM5. No worries!

McQuarie says similar thing, target RM5 woh

Thank you very much those sold cheap. Huhu

I refer Mr. Stockpicker's remark


Stockpicker: The reports are probably correct.

AAX's Property plant and equipment dropped from 1.65b in Q3 to 0.62b in Q4. Assets were shifted to Assets held for Sales (Current Assets). That likely meant:

1) there will be sale and lease back of assets to raise cash.
2) the higher tax is due to earlier capital allowance recognised being reversed when assets are shifted from Non-Current Assets to Assets Held for Sale.

This is focus on short term cash flow vs long term financials ...... I suspect there will be rights issue in the near future and AA will have to set aside cash to subscribe.

Stockpicker, thanks, I think you are right.

Continue charging tomorrow....

I hope so......

But many silly people.....

If the error is confirmed, then profit should be 15m, simply can't have so much effect from tax. A company that doesn't make money can have so much tax burden?

Anyway, as predicted, maintenance and operating expenses dropped sharply, that's the only good thing.

This reminds me of what Mao did in the 50s. Say you produce 2 tons of grains, but the officer report 10 tons of grains, tax is 20%, so the farmers got nothing left to eat. Sad Chinese and AAX.

I think there is an error in AAX reports, I think earlier YiStock spotted the same thing. Don't panic, wait for the (amended) result.

Sharp eyes, YiStock.

你錯了，就是找到後門，但是不知誰放進去的，沒有人認。

另一方面，其實你打標題打得不錯，寫文章就不行，漏洞百出，盡是歪理。

考慮聘一些狗仔隊去幹狗仔幹的事，你在幕後指揮，包你發！

真的！

別浪費天賦！

I am not helping this Mr. Felicity, but on 17 feb Raymond Yap published a report say 70c, on 20 feb he say 30c.

Note that at 30c, the recommendation is still ADD.

For me, why would you buy a company's share that's making billions of losses while many others as cheap is making billions of profit.

Herbert Chua is a problematic child, maybe he is good in his own field, maybe a good biscus salesman I guess, but not investing.

"We slash our target price to 30 sen, based on a 70% chance of a rights issue at 13 sen, and 30% chance of a business-as-usual SOP valuation of 70 sen."

Yup, its Raymond Yap again.

Email to you?

Felicity, don't mind, that Herbert Chua has no financial knowledge.

I help you check the cimb report.

I am curious if it is Raymond Yap who downgrade Airasia to rm1.82.

HLX4U, thanks. You are right!

saham4u, betul bah. I got my bank statements now, going to shop around.

Years ago, public banks' ROE was 8% and public finance's was 16%. I chose public finance and made me 4 times my money (yeah, subsequently took over by public bank). Now Airasia has 24% ROE. You can check yourself.

Betkaukau, Present Value = Today's Value

這個標題有問題啦，南洋老兄水平有待提高。報人應該持平公正，不要馮京當馬涼。

使用「針對」一詞，就是暗示華為沒有做錯，編者有意坦護華為。而文章內容明顯說華為有窃密的舉動，只是窃密不代表是間諜而已。

plaxo 88, long story short.

In 2018Q4, proceeds from AAC plane sale amounted to 1.5b, that's about 40-45c. 40c special dividend distributed is proceeds up to Q3.

trader2015, I AM charging my house to Sailang Airasia. If i can sell my oil palm estate then i will. Sad now oil palm low price, so I replant it with Musang King then sell. WAIT for ME, Airasia!!!!

RM28.56 vs RM1.82. Lol.

Drop, little drop....

Thai Airasia results was announced 22/23 last two years, hope this year early too. (Yeah, I know some news portal said 26/27 but that's hardly accurate). I think Thai Airasia's result is going to be fantastic. Besides (much) better business environment, Tessapon bought back large block of shares. Its a bit like TF did PP few years ago, got "omh" one.

If you look at oil prices high and low, compare with average fare of Airasia, actually the two moves together.

This is marginal cost pricing, the higher the cost, the higher the selling price. This strategy is designed to maximise pressure to your competitor. Now, Malindo and MAS shrinking, Airasia can raise prices on its will. As Airasia becomes more and more efficient, Malindo and MAS becomes more and more difficult to catch up.

Average fare from 2001 - 2017
203 183 147 131 143 174 171 195 204 168 177 176 184 166 165 157 167 176

You guys still remember when Airasia was giving out 1 million free tickets? It hasn't give out free tickets for quite some time. In the early years Airasia was doing 100 million + business per quarter. Now its 2.6b per quarter. Amazing growth.

不知道是錯誤報導還是我聽錯了，特朗普是說：「可能延遲六十天，但我不傾向這種選擇」。特朗普還是要加關稅，這是增加壓力的妙計，之後中國妥協了才再減回來。

其實現在暴露出來的信息顯示，華為根本就是中國政府扶持的企業，錢可以無限量的花，只要在海外找到訂單就可以了，管理混亂是自然。

The more serious problem, is Pakatan could be more stupid than BN. We are starting to see corrupted activities.....

Great writing!

I guess some of the more honest companies deserve a deeper look.

It said transfer my gst rebate to me, but didn't work out, bounce back to custom. Now refresh my account information, sent email no reply, ask custom officers also they don't know what to do. For the past three years all refunds no problem, hope for the best.

Thanks Nicholas Leung.

Betkaukau, cimb is trying to reduce payout for C67 and C71.

Sure CIMB analyst is against valuation disciplines, net asset of Airasia is RM2.58.

那人家上一次來的時候被冷落又怎麼說呢？

Nonono, as you said, management of LayHong is incapable and no "fook".

Ttree, good on you, support!

Market manipulation based on makeup facts.

This is Mr Market vs institution. Mr Market always win.

Lol, 101.

Finally the CNY is over. Gogogo!

Based on assumptions made (everything goes wrong by 2020) by this analyst, using his method, the calculation should be net asset + FY19 Profit + rm1.82.

That works out to be about rm4.40 too.

Rolling 4 quarters EPS is rm0.49, excludes exceptional items, at 10 times PE, target price should be rm4.90. You may plus minus 50 cents or so, but not slash into half because Airasia is running normal.

So our new government is believed to charge fees so high to kill all demand for travel, must be a BN supporter this analyst.

Now Malindo and Mas downsizing, no benefit at all? These two years is very good for Airasia, but the analyst choose to time travel.

Why pick FY20? Because everything “could” go bad? Fail his/her valuation course totally. 0 mark

No logic in this analyst’s mind, contradict him/herself all the way.

Tomorrow maybe they say missing a zero, target price rm18.20.

The new government is really disappointing.

The court case is just a small matter. Maybe its bigger for AAX.

I guess QR on 27 Feb, not sure though.

Now things are positive, Oil stabilize, MYR continue to appreciate, many tourist, cash flow continue to be strong.

According to preliminary load factor results, all subsidiaries perform better. Malaysia Airasia's performance is less excited as it expanded more capacity then the growth.

Look forward to a strong QR.

Don't forgot bonus such as IPO of Malaysia Airasia. Airasia Group assume listing status of Malaysia Airasia last March/April to prepare for listing of Malaysia Airasia.

Don't forgot bonus of Castlelake, it was announced in Dec, maybe the money won't be coming in until April.

Don't forgot bonus of dual listings. Tony Fernandes said he hoped to dual list somewhere else to get better PE multiples, before his birthday on 30 April last year. It has dragged for a long time but sooner or later it will happen.

Don't forgot bonus of another Special Dividend. It was projected to be 80-120c but so far only 40c has been given out. Take note that in oct-dec another 1.5b was received from AAC sale. Its highly likely that RM1.5b maybe translate into another 40c or so to be given out to shareholders.

However, if Airasia is going to build airport, probably less chance of Special Dividend though.

這篇文章叫模糊視線! Huawei is actively stealing and spying. The more important technology the employee stole, the higher the "reward".

I don't have any LayHong, but as i said before, production of the infected area is recovering. Good bet.

Yes, sir. I buy some more.

So quiet, but slightly better than yesterday I guess.

Good writing!

fight, fight, fight, fight

If Mr 17 wants to make it real, probably you should buy some dormant accounts to make it looks real. Check in every other hour using different accounts, stop talking to yourself, it’s too obvious.

Congratulations Jaya, you made him split again.

I notice his divergence becomes wider. Good case study on how a person mind is split. Don’t send him yet, sure we agree he got potential.

Extremely thin volume. However, upward trend intact.

Ttree, yup.