However, with the on going sales of assets,( Total assets held for sale is ard RM 900 million) maybe a small dividend for the first time, which may explain Tony's statement early this year that AAX will have the best year in 2019?
@vivo, Tony said AA will have best year in 2019 and NOT AAX. Dont spread rumours. Funny enough, after Tony said best year for AA, then report quarterly loss. The 90cent dividen story saved AA from flying to Holland.
Coming Quarter will be another loss. Very hard for them to show profit for 3 reasons. (a) MFRS 16 accounting standard that required operating leases to be captured as liabilities which as a result is a higher expense charge to the Income Statement and (b) higher fuel costs compared with the previous quarter (c) lower load factor.
Having said this, recognising gain from Asset Held For Sale, could be the only factor that can turn a loss into a profit. How much gain is from the sale of about RM 700 million of these assets, we still do not know.
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....
Flyinghorse
3,701 posts
Posted by Flyinghorse > 2019-08-09 10:08 | Report Abuse
Mmmm.....someone always sell 1 lot to push price down. LOL