I meant "previous year quarter did not do well, due to gain from deferred tax (Padding the profit)."
Its a matter of semantics, but i can see how one can get confused.
Could be tax rate go up, or more likely than not, additional PPE purchases or WIP recognized early. This will throw in more deferred tax since there is a 10-20% initial allowance for the tax base if im not mistaken.
Either way, tax is 25% since 2009 and drops to 24% in 2016. It should not affect.
My point still stands, operationally, they will be in a for a struggle. Id buy a little after each quarter and average down. Before the big jump comes in 2018.
Ok thanks for the explanation. Then what is the reason for the cash and cash equivalents, reduced from 173million to 91million in 1 year time. 3 months ago, the net cash position is 118million.
Icon8888, why sell airasia? I think that stock can hold for a long time.
My generation is the most well traveled generation of all time. These days all the people at my generation all start working, all got money, all "wanderlust" lah, facebook feed all is people travel or wanting to travel.
I think Airasia is the most well placed to take advantage of this.
You're probably sick of the stock, seeing it go from 2.8 to 2.15 to 2.6. But id just hold till an over pricing happens.
If I sell at 3.20, the profit alone can cover my living expenses for many many years. I don't mind cashing out.
I am a punter, not Warren buffett
I don't hold long long long term
Posted by Jon Choivo > Feb 7, 2017 08:23 PM | Report Abuse
Icon8888, why sell airasia? I think that stock can hold for a long time.
My generation is the most well traveled generation of all time. These days all the people at my generation all start working, all got money, all "wanderlust" lah, facebook feed all is people travel or wanting to travel.
I think Airasia is the most well placed to take advantage of this.
You're probably sick of the stock, seeing it go from 2.8 to 2.15 to 2.6. But id just hold till an over pricing happens.
Jon Choivo, why u mentioned their operational performance is not good? can elaborate further. is it the revenue is not good enough? Also does this company benefit from strong USD? I am new to this counter.
Its a great business. Just know that you can't expect higher profit in for 2016 and 2017 year ends. Cause their tax allowance is finished and environment is not so good. This one, you must be willing to hold for 1-2 years if you buy now.
Puntvestors guest and guestimate the movement of shares. Some based on facts and figures, others on guts feeling. Somehow, Icon was able to get somewhere because he reads figures and with that trying to read the future. How often can it work? Let's see the SAM
this counter always push down whenever there was a rebound, look like an unfriendly party or insider is ready to press down the price, so never queue to buy in big quantity or eat the seller for your safety.....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Jon Choivo
3,668 posts
Posted by Jon Choivo > 2017-02-07 19:46 | Report Abuse
I meant "previous year quarter did not do well, due to gain from deferred tax (Padding the profit)."
Its a matter of semantics, but i can see how one can get confused.
Could be tax rate go up, or more likely than not, additional PPE purchases or WIP recognized early. This will throw in more deferred tax since there is a 10-20% initial allowance for the tax base if im not mistaken.
Either way, tax is 25% since 2009 and drops to 24% in 2016. It should not affect.
My point still stands, operationally, they will be in a for a struggle. Id buy a little after each quarter and average down. Before the big jump comes in 2018.