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James的股票投资James Share Investing

Author: James Ng   |   Latest post: Sat, 20 Jul 2019, 7:11 PM

 

[转贴] [AIRASIA GROUP BHD:货币疲软仍是亚航关注的问题] - James的股票投资James Share Investing

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[AIRASIA GROUP BHD:货币疲软仍是亚航关注的问题]

2019年第一季度NPBT,其中包括9,200万令吉的外汇收益,比相应季度的NPBT 11.943亿令吉低82%,其中包括部分出售一家子公司的收益为3.503亿令吉和保留了对前子公司的利益,即其重新计量的收益为5.347亿令吉。采用MFRS 16后,本季度的NPBT受到额外收费3820万令吉的影响。

整体单位乘客收入由RM218减少3%至RM212。收入的增长被员工成本和用户费用以及相关费用的增加所抵消,这与17%的机位增加相一致,导致更多的运营人员费用,航线费和着陆费。由于在4Q18完成销售和回租交易的租赁飞机数量增加,因此发动机大修的准备金增加,维护和大修也增加了64%。亚航的经营现金流入为2.89亿令吉,而去年同期的流入为3.714亿令吉。

泰国亚洲航空有限公司(“泰国亚洲航空”):
泰国亚洲航空在1Q19录得总收入111.553亿泰铢,比1Q18的112.543亿泰铢低1%。虽然乘客的运载量增加了4%,但负载系数却略微下降至90%。平均票价和单位乘客收入分别下降7%和5%。

泰国亚洲航空的EBITDAR报告为27.602亿泰铢,而1Q18的EBITDAR为36.455亿泰铢,下降24%,PBT为9.367亿泰铢,对比1Q18的PBT为19.333亿泰铢,下降52%。这主要是由于平均票价较低,尽管乘坐的乘客人数增加,RASK减少了10%从1.80泰铢降至1.62泰铢。

亚航(印度)有限公司(“亚航印度”):
平均票价和单位乘客收入分别下降3%和1%,而1Q19的负载率增加至89%。税前亏损扩大至14.679亿卢比,而1Q18则为9.743亿卢比。这主要是由于采用MFRS 16,折旧和财务费用增加。经营租赁增加导致折旧和财务费用增加,这与亚洲航空印度的飞机增加一致。

亚航日本有限公司(“亚洲航空日本”):
亚航日本的净亏损为12.625亿日元。

亚航于本季度录得净利润1.016亿令吉,而截至2018年12月31日止的上一季度则录得净亏损4.57亿令吉。

前景:
今年,他们计划在他们的AOCs上增加18架飞机的净机队成长。他们还希望在印度尼西亚增加2架飞机以进一步发展国内旅游业,这得益于其强大的国际影响力,通过其中心战略,包括最近推出的龙目岛中心。货币疲软仍是亚航关注的问题。为了最大限度地降低燃料价格的波动性,他们在2Q-4Q19的平均布伦特对冲价格为61-64美元/桶的情况下,对冲了他们燃料需求的52%-57%。
-----------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.29 (dividend RM0.015) in 9 months 18 days, total return is 82.5%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.32 in 5 months 14 days, total return is 65%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.30 in 10 months 29 days, total return is 63.5%

d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.23 (dividend RM0.008) in 5 months 7 days, total return is 28.3%

e) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.80 (dividends RM0.03) in 7 months 30 days, total return is 28%

f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.735 in 4 months 10 days, total return is 27.8%

g) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.32 (dividend RM0.0825) in 7 months 16 days, total return is 27.1%

h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.99 in 4 months 30 days, total return is 16.5%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.40 (dividend RM0.035) in 6 months 12 days, total return is 13%

我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析(Fundamental Analysis):

预计公司每年的增长率必须> 14%

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人,可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系

1)【股票-实际操作班】课程:
10a.m. – 9p.m.,免费午餐和晚餐

6月15日星期六:Silka Johor Bahru Hotel, Johor Bahru

6月23日星期日:AG Hotel Penang, George Town

9月7日星期六:Hotel Sri Petaling, KL

2)【看懂年报和季报】课程:
11a.m. – 7p.m.,免费茶和咖啡

7月27日星期六:Silka Johor Bahru Hotel, Johor Bahru 5份点心

8月11日星期日:AG Hotel Penang, George Town 4份点心

9月8日星期日:Hotel Sri Petaling, KL 3份点心

3) 【公司业绩分享会】:
2p.m. – 7p.m.,免费茶和咖啡

6月9日星期日:Hotel Sri Petaling, KL 3份点心

6月16日星期日:Silka Johor Bahru Hotel, Johor Bahru 5份点心

6月22日星期六:AG Hotel Penang, George Town 4份点心

有兴趣的朋友,可以电邮或PM FB page联络我
email:jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

为了方便大家查询我写过的公司和选股文章以及视频,制作了索引。大家只要依照日期,就能从这 
https://web.facebook.com/jamesshareinvest/posts/2272952129638195 找到公司和选股文章以及视频。

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接,大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram,获取最新的资讯: https://www.instagram.com/p/ByG67CKHZvH

这个分享纯属讨论以及领域的分析,买或卖自负。请Like和Share这个post。最终决定永远是你的,谢谢。

James Ng
-----------------------------
[AIRASIA GROUP BHD: Currency weakness remains a concern to the Group]

The Q1 2019 NPBT, which includes a RM92 million foreign exchange gain is 82% lower than the corresponding quarter’s NPBT of RM1,194.3 million, which included a gain on a partial disposal of a subsidiary of RM350.3 million and a remeasurement gain on the retained interest in a former subsidiary of RM534.7 million. The current quarter’s NPBT has been impacted by an additional charge of RM38.2 million on the adoption of MFRS 16.

Overall Unit Passenger Revenue decreased by 3% from RM218 to RM212. The growth in revenue was offset by the increase of staff costs and user charges and related expenses in line with the increase in Capacity of 17%, incurring more operations staff costs, route charges and landing charges. Maintenance and overhaul also increased by 64% as higher provision for engine overhaul was made as a result of higher number of leased aircraft on the completion of sales and leaseback transaction in 4Q18. The Group’s cash inflow from operations was RM289.0 million, compared to inflow of RM371.4 million in the same quarter last year.

Thai Air Asia Co. Ltd (“Thai AirAsia”):
Thai AirAsia recorded Total Revenue of THB11,155.3 million in 1Q19, 1% lower than 1Q18 of THB11,254.3 million. Whilst passengers carried increased by 4%, Load Factor is down marginally to 90%. Average Fare and Unit Passenger Revenue decreased by 7% and 5%, respectively.

Thai AirAsia reported EBITDAR of THB2,760.2 million, against EBITDAR of THB3,645.5 million in 1Q18, a decrease of 24% whilst PBT is at THB936.7 million against 1Q18 PBT of THB1,933.3 million, a decrease of 52%. This is mainly attributable to lower average fare despite the increase in passengers carried with RASK showing a decrease of 10% from THB1.80 to THB1.62.

AirAsia (India) Limited (“AirAsia India”):
Average Fare and Unit Passenger Revenue decreased by 3% and 1% respectively whilst Load Factor increased to 89% for 1Q19. Loss before tax widens to INR1,467.9 million compared to INR974.3 million in 1Q18. This was mainly attributable to the increase in Depreciation and Finance Expenses in line with the adoption of MFRS 16. The increase in operating leases which resulted in the increase in depreciation and finance expenses is in line with the increase in aircraft in AirAsia India.

AirAsia Japan Co. Ltd (“AirAsia Japan”):
AirAsia Japan recorded a Net loss of JPY1,262.5 million.

The Group recorded a Net Profit of RM101.6 million for the quarter under review as compared to a net loss of RM457 million in the immediately preceding quarter ended 31 December 2018.

Prospects:
This year, they have planned for a net fleet growth of 18 aircraft across their AOCs. They are also looking to add 2 aircraft in Indonesia to further develop domestic tourism, aided by their strong international presence through their hub strategy, including the recently launched Lombok hub. Currency weakness remains a concern to the Group. To minimise fuel price volatility, they have hedged 52%-57% of their fuel requirement for 2Q-4Q19 at average Brent hedge prices of US$61-64/bbl.
--------------------------------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.29 (dividend RM0.015) in 9 months 18 days, total return is 82.5%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.32 in 5 months 14 days, total return is 65%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.30 in 10 months 29 days, total return is 63.5%

d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.23 (dividend RM0.008) in 5 months 7 days, total return is 28.3%

e) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.80 (dividends RM0.03) in 7 months 30 days, total return is 28%

f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.735 in 4 months 10 days, total return is 27.8%

g) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.32 (dividend RM0.0825) in 7 months 16 days, total return is 27.1%

h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.99 in 4 months 30 days, total return is 16.5%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.40 (dividend RM0.035) in 6 months 12 days, total return is 13%

I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/

In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://web.facebook.com/jamesshareinvest/posts/2272952129638195 by date.

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

Facebook Group: https://www.facebook.com/groups/jamesinvesting

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng

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Labels: AIRASIA

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Chart Stock Name Last Change Volume 
AIRASIA 2.87 +0.01 (0.35%) 7,120,300 

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