Xiaoeh today I buy 1.31 sale 1.39. Take profit 8k. But after that see fly back to 1.50. Sale too fast. But this share compare to uems profit same 27m. Uems share price is 1.03 but aax is 1.50. So aax is overvalue I guess will drop to 1.05 around
Please dont go for any guru, master, golden finger, god, eagle eyes.........course!!!! If they are excellent, why they need your tuition fee please!? They all are scammer!!!!! Just buy book to read and study. For current situation, AAX 101% is rubbish.
Posted by TheGardener > 8 hours ago | Report Abuse
Please dont go for any guru, master, golden finger, god, eagle eyes.........course!!!! If they are excellent, why they need your tuition fee please!? They all are scammer!!!!! Just buy book to read and study. For current situation, AAX 101% is rubbish.
Dear TheGardener totally agreed go learn and build foundation strong (in this case i find GrandPine is responsible and go find out yourself) disclamer: i'm not from GrandPine and know exactly who we are, what we can and cannot do and stick to who we are
not all gurus are perfect and honest and not all gurus are cunning and con artists
i'm dumber and still got a lot of to learn from all sifus here in i3 i3 is the place to learn
Ryanair Yield Control Curve is based on business reality and so make millions of cash and profitable. Ryanair uses same system concept as SIA, Qantas, Emirates, BA, Cathay Pacific, Lufthansa, Jetblue, Scoot etc etc All these airlines are highly profitable post covid.
Both AA and AAX uses a system that is the exact polar opposite of Ryanair Yield Control Curve. I call this the Reverse Ryanair Yield Control Curve.
If the Ryanair Yield Control Curve makes profits then the Reverse Ryanair Yield Control Curve makes losses.
Just imagine what will happen to AAX if AAX is forced to take over CapA insolvent aviation?
Repost from capA forum EBITDA and Capital A returned to the black after four consecutive years of net losses with net profit of RM836.99 million in FY2023 versus a net loss of RM2.63 billion in FY2022. Revenue for the full year more than doubled to RM14.77 billion from RM6.44 billion a year earlier.
Are just statement to syoik sendiri/self induce pleasure by Stony.
The Balance sheet reality: 31/12/2023: 31/12/2022 RM'000: RM'000 Total equity: (10,469,461): (9,516,958) Shareholders' equity: (8,710,574): (5,725,093) Net current liabiliaties: (12,507,207): (8,509,066)
Is the above figures better or worst than it start off the year 2023? Figures don't lie but man do lie about figures. CapA is insolvent, no money to pay bills and keep roll over the bills. The net current liabilities is now snowball to (RM 12,507,207,000)
What the fuss is all about. The secret is in the pattern. Free fall to 1.30 rebounded to 1.41. Drop again to 1.30 for a potential double bottom. This is where you buy. Should 1.30 break, you quickly cut loss at 1.27/1.28. Rebounded again. You wait to see if it could take out 1.41 the rebound top. Should it fail to take out 1.41, you take your profit 1.37/1.38. It cleared 1.41, now it had formed past a W shape double bottom rebound at 1.43. You waited because it would form a V shape technical rebound to more or less 1.41 + (1.41 - 1.30) = 1.52. Now you searched for previous lowest point around 1.52. You found it to be at 1.54 some months back. Now you knew 1.54 will be your resistance. So, you set to sell at 1.51 - 1.53. You sold 1.52.
You bought 1.31, you sold 1.52 for 0.21 profit in 25 minutes.
Now at 1.50 closing, you see the chart structure is very bearish. So you wait patiently to play similar rebound play for any freefall below 1.30 yesterdays low.
Stony intention is very clear to use AAX as Sacrificial lamb to save capA
Capital A is also selling its aviation business to AirAsia X Bhd (AAX) as the monetisation of the brand alone would not be enough to lift it out of PN17 status.
“One of the reasons why we have to sell the aviation business is to at least be clean. At least then, we can go and talk to Malaysian banks, raise equity and whatever. That is our big argument with Bursa [Malaysia]. My hands are tied, but I can’t raise capital from aviation,” says Fernandes.
every time a stock goes down this clown joker fool rr88 will pop out of his cave and talk some bullshit, thinking he is so great and others are stu pid.
Do you have a case to take legal action against Maybank IBs gave a TP of RM 3.40 ( gross negligence in getting so many figures and facts wrong) then and now revised TP down to RM 1.52 and cause you to lose your hard earned money?
KUALA LUMPUR: AirAsia X Bhd's (AAX) results for the fourth quarter ended Dec 31 2023 (Q4 2023) came in below Maybank Investment Bank's (Maybank IB) expectations.
The firm slashed its earnings per share (EPS) forecast for the company by 67 per cent and 58 per cent for financial years 2024 (FY24) and FY25.
"While it was recognition of under-accrued fuel expenses from previous quarters that drove the miss, we are also disappointed that AAX cannot yet equity account for Thailand AAX's strong earnings," it said in a note.
Maybank IB downgraded its call on the stock to "hold" with a lower target price of RM1.52 from RM3.40 previously (- 55 per cent).
AAX's core net loss of RM71.5 million brought FY23 core net loss to the same amount, whereas the firm had expected Q4 2023 core net profit of RM64.7 million.
The shortfall was due to Q4 2023 fuel expense surging 32 per cent QoQ to RM473.2 million, bringing FY23 fuel expense to RM1.31 billion, or 14 per cent more than we expected, and nil contribution from 49 per cent-owned Thai AirAsia X (TAAX) when we expected MYR10.0 million.
" AAX stated the surge in fuel expense was due to recognition of under-accrued fuel expense from previous quarters," it noted.
AAX previously stated that TAAX will contribute from Q4 2023 after its share of previously unrecognised losses zeroed out following its debt rehabilitation plan.
"We also take the opportunity to raise our average jet fuel price assumption to US$105 per barrel (bbl), the current spot price, from US$100/bbl," it added.
KUALA LUMPUR (July 27): Maybank Investment Bank (Maybank IB) Research has re-initiated coverage on AirAsia X Bhd (AAX) with a “buy” rating at RM1.80 and target price (TP) of RM3.58 and said post-Covid-19, fares are a lot higher and aircraft lease rates are sharply lower relative to pre-pandemic.
In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.
He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.
“Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.
“With nearly 100% upside, we re-initiate coverage on AAX with a 'buy' call. Catalysts are: (i) lifting of Practice Note 17 classification; (ii) more upside from 49%-owned Thai AirAsia X; and (iii) more upside from acquisition of Capital A Bhd’s short-haul airlines,” he said.
Bought at 1.78, thinking it is already low. But, low became lower !! Cut loss, why. The down candlestick came down with higher volume, and not stopping volume. Only average down when black or white hammer candlestick with long tail appears and confirmed with higher price.
AAX at current stage have no means to take over capA aviation. If capA forced thro' the deal most likely AAX BOD will end up in jail and AAX another round of debts restructure, capital reduction and shares consolidation
By the way the current AAX shareholdes will be diluted with billions of AAX shares issued to capA to take over capA aviation in lieu of cash payment.
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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....
Medusa
537 posts
Posted by Medusa > 2 months ago | Report Abuse
Drop more buy more
Drop more buy more
Drop more buy more
Drop more buy more
Kenot tahan sell all
Kikiki…