[AIRASIA GROUP BHD：亚航平均对冲布伦特原油52％，平均为63.41美元，马来西亚将继续成为市场领导者，市场份额为58％，目标载客率为87％]

本季度，集团总收入增长6％，从2017年第4季度的26.574亿令吉增至4Q18的28.234亿令吉。增长的原因是乘客总数增加了16％。全年集团总收入由97.097亿令吉增加9％至106.038亿令吉，乘客总量增长14％。亚洲航空的经营现金流入为19.809亿令吉，而截至2018年9月30日止的前一季度流入为16.339亿令吉。

泰国亚洲航空有限公司（“泰国亚洲航空”）：
乘客量增加3％，载客率下降至86％，因为载客量增加低于机位增加6％。全年收入增长8％，从359.316亿泰铢增加至389.048亿泰铢。CASK ex Fuel得到良好控制，CASK ex Fuel减少5％至THB0.98。

亚航（印度）有限公司（“亚航印度”）：
亚航印度在4Q18的总收入为64.171亿卢比，比4Q17的51.779亿卢比高出24％。收入增加主要是由于乘客人数增加37％。 4Q18的负载系数增加至86％。亚航印度有望实现20架飞机并开始飞行国际航线。

在全年，亚航印度报告收入增长45％，从153.69亿卢比增加到223.111亿卢比。收入增加的原因是乘客人数增加了54％。然而，于4Q18，亚洲航空于亚航印度的账面值已减至零，因此，亚航集团有限公司的损益表并无进一步亏损。

亚航日本有限公司（“亚洲航空日本”）：
亚航日本本季度录得净亏损12.997亿日元及全年的44.357亿日元，其中3180万令吉及1.029亿令吉于本季度及全年的财务报表中占有权益。

前景：
2019年的前景是基于2018年大量机位的增加，One AirAsia计划，成本削减和组织重组所做的艰苦努力。亚航正在成为印度和日本航空公司的统一东盟航空公司。需求依然强劲，在东盟的市场份额中排名第一。

成本是他们的主要推动力，并且通过数字化实施了许多计划以降低成本。亚航认为机场成本也将下降。 2019财年，亚航平均对冲布伦特原油52％，平均为63.41美元。2019年第一季度，亚洲航空将继续增加每个国家的市场份额。马来西亚将继续成为市场领导者，市场份额为58％，目标载客率为87％。亚洲航空预计将在菲律宾转盈，专注于北亚 - 菲律宾休闲市场，目标载客率为90％。印度尼西亚将扩大来服务新的和服务不足的休闲目的地的路线，目标载荷系数为84％。由于泰国政府免费提供抵达签证计划，在泰国，中国和印度游客的抵达预计将带来90％的高负荷率。除非出现任何不可预见的情况，董事会仍然认为2019年集团的整体业绩将优于2018年。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.19 in 7 months 28 days, total return is 49.7%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.10 in 2 months 11 days, total return is 37.5%

c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.935 (dividend RM0.007) in 6 months 15 days, total return is 31.7%

d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.23 in 2 months 5 days, total return is 27.5%

e) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.19 (dividend RM0.0375) in 4 months 13 day, total return is 17.9%

f) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 2 months 1 day, total return is 15.3%

g) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.57 (dividend RM0.01) in 7 months 26 days, total return is 12.9%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.35 (dividend RM0.035) in 3 months 9 days, total return is 9.1%

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

【看懂年报和季报】课程
时间：11a.m. – 7p.m

日期：4月21日星期日
地点：G Inn Hotel, George Town (Penang)

日期：4月28日星期日
地点：Tropical Inn, Johor Bahru (包括免费2份点心，茶和咖啡)

日期：5月26日星期日
地点：Hotel Sri Petaling, KL (包括免费3份点心，茶和咖啡)

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/2205699789696763 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

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
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[AIRASIA GROUP BHD: AirAsia has hedge 52% of Brent at average of USD63.41 for FY 2019, Malaysia will continue to be the market leader with 58% market share and the target load factor of 87%]

During the quarter, Total Group Revenue grew 6%, from RM 2,657.4 million recorded in 4Q17 to RM2,823.4 million in 4Q18. The growth was attributed to a 16% increase in total passengers carried. For the full year, Total Group Revenue grew by 9% from RM9,709.7 million to RM10,603.8 million as total passenger carried grew by 14%. The Group’s cash inflow from operations was RM1,980.9 million, compared to inflow of RM1,633.9 million in the immediate preceding quarter ended 30 September 2018.

Thai Air Asia Co. Ltd (“Thai AirAsia”):
Whilst passengers carried increased by 3%, Load Factor is down to 86% as the increase in passenger carried was lower than the 6% increase in capacity. For the Full year, Revenue recorded an increase of 8% from THB35,931.6 million to THB38,904.8 million. CASK ex Fuel is well controlled with a decrease of 5% in CASK ex Fuel to THB0.98.

AirAsia (India) Limited (“AirAsia India”):
AirAsia India recorded Total Revenue of INR6,417.1 million in 4Q18, 24% higher than INR5,177.9 million in 4Q17. The increase in revenue was mainly due to a 37% increase in number of passengers carried. Load Factor increased to 86% for 4Q18. AirAsia India is on track to achieve 20 aircraft and commence flying international routes.

For the Full Year, AirAsia India reported a 45% growth in Revenue from INR15,369.0 million to INR22,311.1 million. The increase in revenue was attributable to the increase in passengers carried by 54%. However, for 4Q18, the Group’s carrying amount of investment in AirAsia India had been reduced to zero, hence, no further losses were equity accounted in AirAsia Group Berhad’s income statement.

AirAsia Japan Co. Ltd (“AirAsia Japan”):
AirAsia Japan recorded a Net loss of JPY1,299.7 million for the quarter and JPY4,435.7 million for the year ended of which RM31.8 million and RM102.9 million was equity accounted in the financial statements of the quarter and the year ended of the Group.

Prospects:
Prospects in 2019 is as a result of hard work done in 2018 from large capacity addition, One AirAsia initiatives, cost cutting and organizational restructuring. AirAsia is becoming a harmonized ASEAN carrier with airlines in India and Japan as well. Demand remains strong and they are number 1 in market share in ASEAN.

Cost is their main driver and a lot of initiatives are being put in place through digitalisation to reduce costs. AirAsia is of the view that airport costs will also go down. AirAsia has hedge 52% of Brent at average of USD63.41 for FY 2019. For Q1 2019, the Group will continue to grow their market share for each of the countries. Malaysia will continue to be the market leader with 58% market share and the target load factor of 87%. The Group expect to turn around Philippines by focusing on North Asia- Philippines leisure market with target load factor at 90%. Indonesia will expand its route to serve new and underserved leisure destination with target load factor at 84%. Thailand recovery of the arrival of Chinese and Indian tourists is expected to deliver high load factor at 90% as a result of no-fee Visa on Arrival scheme by the Thai Government. Barring any unforeseen circumstances, the Board remains positive that the overall results of the Group in 2019 will be better than 2018.
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James Ng Stock Pick Performance:
Since Recommended Return:

a) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.19 in 7 months 28 days, total return is 49.7%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.10 in 2 months 11 days, total return is 37.5%

c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.935 (dividend RM0.007) in 6 months 15 days, total return is 31.7%

d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.23 in 2 months 5 days, total return is 27.5%

e) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.19 (dividend RM0.0375) in 4 months 13 day, total return is 17.9%

f) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 2 months 1 day, total return is 15.3%

g) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.57 (dividend RM0.01) in 7 months 26 days, total return is 12.9%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.35 (dividend RM0.035) in 3 months 9 days, total return is 9.1%

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/2205699789696763 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