AA have a huge unclaimed capital allowance, and they sold their old plane. Depreciation is 15-25 years for each plane, Capital allowance is 40% first year, subsequently 20% for the next 4 years.

For AA, although I can’t get their tax computation. But I can assumed, the unclaimed CA is so huge. When they sold their planes, for example, they will take out 100mil asset in nbv, but Tax written down value of Rm1. But leave unclaimed CA unchanged. Above is applied for asset purchased more than 2 years. That why in Q3, their DTA increased and reflect a Rm500 mil in their P&L.

In Aax, Q3 report, like I mentioned, DTA increased by Rm50mil? Due to addition of Rm268mil asset purchased? Then in Q4, reversal of Rm117mil, I guess is adjustment on over provision in prior quarter/ or accounting “magic” to make a better profit. Anyone raise in the agm, why asset purchased in Q3 is higher than Q4? Cheating??

Back to AA, I won’t worry about the profit making this quarter. Just scare tony make a magic again in def tax. Reversal? Same as Aax? Def tax won’t affect the operating profit but Malaysian don understand def tax, they see it as company performance. Haiz

According to accounting std, only expense it offf when the sales is completed. U Mayb refer to Airasia Q3 report note 28.

For def tax part, my observation, Aax last purchase of asset(huge amount, 400mil in 2014 and 1bil in 2013). From tax point of view, Capital allowance is 40% in the first year, 20% for the subsequent.

Until 2016, The nbv of assets is higher than the tax written down value + unclaimed capital allowance. Hence, every year there is a deferred tax liabilities incurred in profit and loss.

For Q3, why there is a deferred tax asset in P&L. This frustrate me quite a time. I can’t find out the reason. The only possible reason is the addition of 162mil purchase in fixed asset. But in Q4, the addition of fixed asset of 9mil. Addition in fixed assets will pushed up the DTA for that quarter. For me, it is quite missleading.

Agreed. No point to bark to each other. Just share your analysis but not argued ba. You help me, I help you

Confirm 28 Feb out?

Should collect more c65? Haha.. double or ntg. Haha

What cause Genting drop today? Wonder why

waiting the Q4 report to save the day..

Rebound to RM7.75 by today.

Genting S have good QR. How come genting still drop? today is profit taking day for T+3?

@stockpicker How asset held for sales related to reversal of DTA ya? Or I miss understand?

Hahaha.. good say

Hope rocket to 3.8. I bought 200k C65 at avg 0.11. Then I can a myvi home.

If c65 maintained at 3.25, I can get cash settlement? (3.25-3.123)/2.605 per warrant?

My C58 (avg 0.04) C61 (0.08) earn like hell. Congrats all

Warrant from investment bank is attractive than issued by bank(eg CIMB)? How come some warrant is better but no movement? Anyone can answer?

Warrant from investment bank is attractive than issued by bank? How come some warrant is better but no movement? Anyone can answer?

Why sudden dropped?

New here. Topglove or harta better? Please advise

What will happen on 29 jan?

I got some at 1.01. Today market - seem a lot contras. Genm, Genting those oso

Anyone know why today Genting up so much?

I bought warrant C58 at 0.035, now earning Huat Huat

Newbie share happiness to everyone Ma. Haiz..

I got my dividend edy. First dividend ever

I bought 10k unit C67 at 0.135, now edy 0.18.
Huat !!!!

Newbie quesrion. Window dressing effect.
Will it rili affect the share price? Drop like 10%?

Let’s see Tmr will up or down.
Dji dropped 600
But good news from sales of planes, meaning might have SD again.
Hmmm

Genm more exiting today

Genm up while others dropped.

Hmm.. this Wei wong always comment on wrong counter. Haha

Maybe i3 ppl promote it so hard. Haha

Shrobin, I also think so. Haha

Wonder next Monday AA will drop or not. US market drop so much

I googled. Mean if the market price higher than the exercise price. I can collect payment?

Thanks you. What a great explanation.

“Buy nearer to expiry date so that you can collect your payment”

I tot it will expired if you din exercised it or sell it. How to collect payment?

Newbie question. C74 now 0.305, exercise price 2.1711. If I exercise immediately, the cost is 2.5, it is lower than the current 2.74.

Is it undervalued?

Haha... I also gambling here. See will drop more than 40sen or not.

Never know how much it will drop. But hold 40sen SD on hand is for sure. Dropped below Rm3 for sure. But AA still a good company as overall. Within months, it will go back to Rm3 at least. CHILL

I tot KL no holiday? Only selangor?

When AA annouced 40sen dividend, public will chase for it. So the price will up for 40sen. So the price now is overstated by 40sen, which it should be only Rm2.66, as of the day before the dividend annoucement.

But how much will it actually dropped, we dunno. Will it rise more than Rm3.06. We dunno.

Jus think that the current price is PLUS 40sen.

Felt something wrong about this counter. Still I will hold for long. Haha

My avg price is 3.06. Dunno should sell on ex date then get a lower price one. Can’t foresee the rise of price before ex date. Haha

But frankly speaking, do ppl like asset-light company like AA now?

Why no turbo to go up? 40sen not that attractive? Haha

Blur blur edy. So hold till 11.12 5pm or 12.12 5pm? Dif ppl dif answer

Need to hold until 12.12 5pm then only entitled for dividend payout?

Will it drop again? I wan collect

Now 3.13. Div 0.4. Div yield almost 13%. Consider worth.

I wan buy more, tapi dunno now still consider high or not?