My Trading Adventure

AirAsia and MAS

CP TEH
Publish date: Thu, 03 May 2012, 06:48 PM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.

KLCI is flat ... I do know I did not write as frequent ... that is because I am busy chatting and comments in my own group. It is very interesting!! The topic of which brokerage house should we be using, comparing their service and rates.

MPHB : I was discussing with my few tratles during our tratle's meeting ... and I forgot to put in my short-list. Today, it flew up 5%.

AirAsia and MAS : Well, the deal is over ... and AirAsia flying again ... away from the parasite. Then, who is going to bail-out MAS? Dont worry, it is MAS ... gov-linked counter. We have EPF(our money, ok?) to pump in the needed money ... hehe ... MAS is our Malaysian pride. It is OK if all the gov-link companies losing billions ... dont worry about efficiency, accountability, what-u-know about running companies. They still get big pay-check, good perks and MORE(you know la ... I garu your back, you garu mine).

MISC : Formed a hammer today, so I grabbed a little of her before closing. The last time I traded her was when I bought aroung RM5 and sold around RM5.40. Today ... it went to almost RM4.60 now. Interesting ... another well-protected counter, some milking being done. Yeah ... the ship is sinking ...

BIMB-cc : Sold at 0.225 done, bought yesterday at 0.19-0.20. This is my 6th successive trade on Bimb-cc, from 0.125 to current 0.225 levels. Could it maintain the momentum for my 7th trade? I shall check ...  Phew ... I do write there in my stock-watch when I bought yesterday but I do not know if anyone follow. Buy at your own risk, ok?

I m just trying out using i3 platform to write this post.

Win-win? Sure?


International Trade and Industry Minister Datuk Seri Mustapa Mohamed, in welcoming the share swap reversal between Malaysia Airlines (MAS) and AirAsia,described it as a win-win solution.

He said the move to unwind the deal involving Khazanah Nasional Bhd and Tune Air Sdn Bhd came as a big relief to unions representing about 20,000 workers in MAS.

"I think it is a big relief for the unions. The government has listened to the their grouses and complaints and this shows it is concerned.

"The decision on the share swap reversal is a win-win solution," he told reporters after launching the All-Electric Nissan Leaf Pilot Tentative Programme, here today.


Yesterday, Khazanah, the biggest shareholder of Malaysia Airlines, officially called off the share swap deal.

The investment holding company transferred its 10 per cent or 277,650,600 ordinary shares in AirAsia back to Tune Air, which in turn, gave its 20.5 per cent or 685,142,000 ordinary shares in Malaysia Airlines back to Khazanah.

Following the reversal, AirAsia chief executive officer Tan Sri Tony Fernandes and his partner, Datuk Kamarudin Meranun, resigned from the MAS board.

Khazanah nominee, Datuk Mohamed Azman Yahya, resigned from the AirAsia Board. -- Bernama

Read more: 'MAS-AirAsia deal reversal a win-win solution'

TEH

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