Total Debt:
(2Q13) Rm8.813b
(1Q13) Rm8.464b

Folks, an increase in borrowings which are denominated in US Dollar (predominantly), RM and Euro.

Remember folks, never fall in love with a stock as its not going to be a faithful & loyal lover! Wakakakakakakak!!

Capital commitments for property, plant and equipment

Approved & contracted:
(2Q13) Rm51.137b
(1Q13) Rm50.908b

Approved but not contracted:
(2Q13) Rm14.222b
(1Q13) Rm13.920b

Total amount:
(2Q13) Rm65.359b
(1Q13) Rm64.829b

Capital commitments on the upside, folks!

Cash and cash equivalents:
(2Q13) Rm1.639b
(1Q13) Rm2.156b

Cash position has decreased, folks!

Revenue:
(2Q13) Rm 1.246b
(1Q13) Rm 1.300b

Operating expenses:
(2Q13) -Rm1.002b
(1Q13) -Rm1.045b

Finance Income:
(2Q13) Rm14.306m
(1Q13) Rm19.771m

Finance Costs:
(2Q13) -Rm109.412m
(1Q13) -Rm106.294m

Foreign Exchange gains/(losses) on borrowings:
(2Q13) -Rm122.718m
(1Q13) -Rm37.688m

Forex gain/(loss) on amt due from associate:
(2Q13) Rm8.228m
(1Q13) Rm4.889m

Current Taxation 2Q13: -Rm6.262m

Deferred taxation 2Q13: -Rm47.999

Profit after tax 2Q13 b4 AA Japan sale gain: -RM19.917m
####################################

Share of results of jointly controlled entities:
(2Q13) Nil
(1Q13) -Rm2.346m

Share of results of associates:
(2Q13) Nil
(1Q13) -Rm1.420m

Gain on disposal of interest in AA Japan 2Q13: Rm78.265

Profit after tax :
(2Q13) Rm58.348m
(1Q13) Rm104.793m

EPF sleeping on the job, folks? Hahahahahahaha!!

Foreign Exchange losses on borrowings increase:

2Q13 (rm122,718m)
1Q13 (rmn37,688m)

Folks, you want to know the truth! The truth hurts!

Folks, never invest in a stock you don't understand!

Total Revenue for 2Q13 is down to Rm 1.246 billion from previous 1Q13 at Rm1.301 billion.

Breakdown:
1. Passenger seat sales: (2Q13) Rm726.4m / (1Q13) Rm795.4m

2. Baggage fees: (2Q13) Rm109.2m / (1Q13) Rm109.1m

3. Aircraft operating lease income: (2Q13) Rm155.5m / (1Q13) Rm149.5m

4. Surcharges and fees: (2Q13) Rm149.3m / (1Q13) Rm138.7m

5. Other revenue: (2Q13) Rm105.9m / (1Q13) Rm108.1m

Total revenue: (2Q13) Rm1,246.3m / (1Q1) Rm1,300.8m

Folks, AA said Wednesday its net profit slumped 62 per cent in the second quarter due to higher operating expenses and foreign-exchange losses on borrowings.

Net profit was 58.35 million ringgit (USD17.75 million) in the three months ending June 30!

But folks without the "one-time Gain" on disposal of interest in AA Japan at Rm78,265, AA should be at a "LOSS" of Rm19.917 million! Yes folks, LOSS OF Rm19.917 Million!!!!!!

Folks, was this the reason to sell AA Japan quickly in order to avoid making a "LOSS" in the 2QE13?

Folks, judge for yourself as the truth hurts!

Folks, firstly when buying & selling of shares do use your heads & not your emotions!

Secondly never fall in love with a stock as it is not going to be a faithful partner!

Failing to do that will be an expensive lesson learned thou! Heheheheheheh!!

AA 2Q13 Profit/(loss) for the period: Rm58.348 million only!

Careful now!!

Yes folks! Closing below Rm3.00! Heheheheheheh!!

1. Folks, growth in seats were from both new aircraft deliveries and existing aircraft coming out of storage.

2. Daily AA flights cancellation suggesting that the airline is not generating enough passengers to operate their flights feasibly?

Well only time will tell!

Folks, Jet fuel prices increased 5% in July compared to June. Prices are now back above $120/bbl, after trending sideways since March, at the bottom of the range for the past 2 years.

The recent rise in crude oil prices is a result of the prolonged, cold
Northern hemisphere winter which increased oil demand over recent months, as well as production issues in several OPEC nations.

The strengh of US dollar against ringgit even make the fuel more expensive for an airline company!

Folks, worldwide airline share prices rose 3% in July, but underperformed the broader market on weakness in Asia-Pacific!

So how will this 2QE13 be for AA?

1. Remember folks, substantial AA forex exposure adds to earnings volatility.

2. AA has Rm8.5b in debt, most of which is US$ debt with only 36% hedged. This creates substantial volatility to earnings!

3. Capital commitments for property, plant and equipment: Rm65.8b

Folks for the 1Q13 AA recorded an average fare of 2% higher at RM180 & profit of rm104.793 million as compared to RM177 & profit of rm172.436 millon achieved in 1Q12.

For 1Q13 better average fare but lower profit while 1Q12 lower average fare but better profit.

As reported for the coming 2Q13, Malaysia forward loads for the remaining months of the second quarter are higher than in the prior year but the BASE FARES slightly lower than the prior year.

So folks, 2Q13 lower base fares but profit/(loss)...only time will tell! Fasten yourself belts, folks!

Remember folks, high fuel with weak ringgit is just like rub salt to the wound!

Folks, the KLSE may be under selling pressures for weeks or even months to come as it may take quite a while for the ‘hot money’ investors to unwind its positions.

The apparent nervousness, particularly among the regional emerging markets, is understandable as the QE3 rollback may mark the apex of massive post-2008 eastward portfolio liquidity flows and the subsequent westward reversal will certainly be a drag to the region’s risk assets valuation going forward.

Remember folks as 51.92% of AA were held by foreign funds! Careful now!

There is more carnage in emerging markets that's triggering a flight to quality and driving down U.S. Treasury yields.

Indonesia is down another 3.5 percent today, and Thailand has shed 2 percent.

With the U.S. dollar at two-month lows, emerging market currencies like the Indian rupee, the Thai baht and the Indonesian rupiah are under pressure as money leaves the emerging market area.

The Indonesian market is down almost 11 percent in the last four days.

Will Malaysia be spared?

Folks, european shares are expected to open lower on Wednesday ahead of the release of minutes from the Federal Reserve's July policy meeting.

The FTSE is seen down 19 points at 6,343, the German DAX down 18 points at 8,282 and the French CAC unchanged at 4,028.

The Fed minutes released later in the day could provide fresh clues on when the central bank plans to taper its monthly bond purchases.

Price Targets:-

16/08/2013 3.94 - RHB (1)
04/07/2013 3.16 - KENANGA
27/06/2013 2.80 - AMMB (Lowest TP)
26/06/2013 4.16 - TA
26/06/2013 2.90 - HWANGDBS
26/06/2013 3.08 - HLG
26/06/2013 4.20 - ALLIANCE (Highest TP)
21/06/2013 3.94 - RHB (2)
21/06/2013 4.00 - CIMB
12/06/2013 3.98 - MIDF
11/06/2013 4.20 - ALLIANCE
07/06/2013 3.08 - HLG
23/05/2013 3.94 - RHB (3)
23/05/2013 3.00 - MAYBANK

Remember folks, "sapa makan cili terasa pedas". Hahahahahahahah!!

Hmmmmmmmmmm..... below rm3 today! Well folks you have been given a chance to sell earlier!

Careful now!

AA 1Q13 trade and other payables: rm1,936,230,000.00

- Trade payables can be simply defined as monies owed.

AA X other payables and accruals: rm135,128,000.00

- For AA X other payables and accruals include operational expenses payable to airport authorities and passenger service charges.

Folks, care to share trade payables for AA owing to whom? Any idea! Heheheheheh!!

Zest Air has resumed flights after it was suspended on Friday but Tony Fernandes, CEO of AA, said he was shocked and horrified by the suspension.

The Civil Aviation Authority of the Philippines (CAAP) said it reinstated Zest Air's operating certificate after the airline filled a critical post. It also cleared 3 of the airline's 13 planes.

Hahahahahhah...Folks as mentioned before "sapa makan cili terasa pedas"! Remember folks, stay away from any airlines company as high fuel prices & weak currencies are just like adding salt to the wound!

Folks, what's happening in emerging markets?

1.the fundamentals for emerging markets have been deteriorating for a while, but money flows have been supporting them?

2.growth since 2009 has been helped largely by those money flows, powered by stimulus programs in the U.S. and China, and even some of the emerging market countries themselves?

3.as easy money has begun to dry up, foreign investment has been coming out of these countries?

4.emerging economies are now facing several problems: stimulus—both domestic and foreign—is expiring, low commodity prices are likely to remain low absent more stimulus from China, and higher bond yields making it harder to borrow money?

5.now that the "tide has gone out," there is a focus on what has been lacking in the emerging market countries: debt restructuring and (with the exception of China) infrastructure investment?

Careful now as 51.92% of AA were held by foreigners!

Remember folks, 51.92% of the issued and paid-up share capital of AirAsia of 2,780,534,580 ordinary shares of RM0.10 each were held by foreigners.

"Malaysia's seen a dramatic deterioration of its current account surplus and...there's also suspicion that the underlying efficiency of the economy has deteriorated and that the government hasn't doesn't enough structural reform to turn around the trend in declining productivity growth," Frederic Neumann, MD & co-head of Asian economics research at HSBC.

Will Malaysia be next after India & Indonesia sell down? Only time will tell!

Folks, both Malaysia's ringgit and Thailand's baht could come under further pressure, and that Malaysia's situation was more worrisome.

These pressures will remain highest on Malaysia as it experiences a more significant deterioration in its current account position while foreign ownership of its bonds and bills are far greater.

The ringgit has fallen nearly 8 percent this year to a three-year low, with selling accelerating last week. Would the weak ringgit benefit AA, folks?

As the sell-off in emerging markets intensified this week, India and Indonesia have been left the most severely bruised and battered.

Now analysts are concerned of a domino effect that could spread to other emerging markets.

Places like Malaysia and Thailand have had particularly strong credit growth in the last couple of years, so they look fine from an external perspective but they have a high degree of internal leverage.

On Tuesday, Credit Suisse also identified the two countries as particularly vulnerable.

Folks, the poor performance of India in an audit by the United Nations aviation watchdog of how the country’s aviation regulator oversees safety procedures at airlines has crimped the efforts of Indian airlines to expand their international operations.

Japan has already told India it will not allow any new flights till all safety concerns highlighted in the report by the International Civil Aviation Organization (Icao) are addressed, said two government officials with direct knowledge of the matter.

Other countries may follow suit.

AK 5133 20/08/2013 09:00 PM K. KINABAL-KUALA LUMPUR CANCELLED
D7 0303 20/08/2013 07:15 PM HANGZHOU-KUALA LUMPUR CANCELLED
QZ 8162 20/08/2013 04:15 PM JAKARTA-KUALA LUMPUR CANCELLED
AK 1331 20/08/2013 02:35 PM BALIKPAPAN-KUALA LUMPUR CANCELLED
AK 9803 20/08/2013 02:10 AM MANILA-KUALA LUMPUR CANCELLED
AK 1455 20/08/2013 12:00 AM HO CHI MINH-KUALA LUMPUR CANCELLED

AK 1825 20/08/2013 10:40 PM KUALA LUMPUR-SINGAPORE CANCELLED
AK 5134 20/08/2013 09:25 PM KUALA LUMPUR-K. KINABALU CANCELLED
AK 1454 20/08/2013 07:40 PM KUALA LUMPUR-HO CHI MINH CANCELLED
AK 1440 20/08/2013 06:30 PM KUALA LUMPUR-HANOI CANCELLED
QZ 8163 20/08/2013 04:40 PM KUALA LUMPUR-JAKARTA CANCELLED
AK 1330 20/08/2013 08:20 AM KUALA LUMPUR-BALIKPAPAN CANCELLED


View here: http://flight.klia.com.my/fids.aspx

Malaysian Airlines 2Q13 the Group recorded loss after tax of RM176.0 million.

The loss after tax is inclusive of unrealised foreign exchange loss
of RM68.3 million, finance costs of RM111.0 million.

Total borrowings: rm11,488,872,000.00
Cash as at 30 June rm5,424,362,000.00

Investors have short memories! Never fall in love with any airline stock!

Chou!!

All the best, folks! Remember "sapa makan cili terasa pedas". Chou!!

Airline operation requires heavy funding. For fear, the European and American market will close up on Air Asia's funding for many issues on their operations including safety, Tony F went for the regional bourses.

Judge for yourself folks! Remember folks, I did not write this. Someone else did!

Read more here: http://anotherbrickinwall.blogspot.com/2013/08/zestful-indifference-to-safety.html

1. Capital commitments outstanding not provided for in the interim financial report total Amount: rm22,465,381,000.00

Approved and contracted for:-
- Aircraft purchase: rm19,996,802,000.00
- Non-cancellable operating leases: rm2,468,579,000.00

2. Cash at the end of financial period: rm39,880,000.00

3. Total borrowings: rm1,807,251,000.00

4. Trade and other payables rm367,780,000.00

Investors have short memories! Will AA fair much, much more better than AA X for 2Q13?

Well folks, only time will tell!

Airasia X financial ending 30/6/13

Other payables and accruals: rm135,128,000.00

Other payables and accruals include operational expenses payable to airport authorities and passenger service charges.

Hahahaha....history repeating itself?

Well folks, investors have shorts memories!

Airasia X financil ending 30/6/13

Foreign Exchange Loss on Borrowings: Primarily as a result of the strengthening of the USD against the RM in the 6 months ended 30 June 2013, the Company recognised unrealised foreign exchange losses on borrowings of RM56.3 million.

Investors have short memories! Never fall in love with any, I repeat any airline stocks! Touch N Go is recommended!

Airasia X ended 30/6/13

Average passenger fares increased 1.7% to RM564.06 in the 6 months ended 30 June 2013 as compared to RM554.52 during the 6 months ended 30 June 2012 primarily due to the increased maturity of our route network, especially with respect to our China routes.

But sadly AAX is making a of loss before taxation fo rm58,410,000.00, folks!

Will AA be any difference? Well only time will tell, folks! For the time being "sapa cili terasa pedas".

Hahahahahahahahah!!

AIRASIA X ENDED 30/6/2013

1. Cash at the end of financial period: rm39,880,000.00

2. Total borrowings: rm1,807,251,000.00

3. Receivables and prepayments rm148,110,000.00 agst Trade and other payables rm367,780,000.00

4. Finance costs:
Interest expense on bank borrowings: (rm16,416,000.00)
Bank facilities and other charges: (rm475,000.00)

5.Foreign exchange gain/(loss)
Unrealised foreign exchange (loss)/gain: (rm47,232,000.00)

Will AA fair better then AAX, folks? Only time will tell!

Airasia X 2Q13

Other comprehensive income (loss)/profit:-

Cash flow hedges (rm8,153,000.00)
Foreign currency translation differences (Rm91,000.00)

Airasia X 2QE13

Revenue: rm491,136,000.00

Operating Expenses profit/(loss):
- Staff costs (rm57,321,000.00)
- Depreciation of property, plant and equipment (rm31,544,000.00)
- Aircraft fuel expenses (rm231,069,000.00)
- Maintenance, overhaul and other related expenses (rm101,511,000.00)
- Aircraft operating lease expenses (rm41,433,000.00)
- Other operating expenses (rm44,625,000.00)
Total operating expenses (rm507,503,000.00)
Other income rm4,760,000.00

Operating (loss)/profit (rm11,607,000.00)

Finance income rm281,000.00
Finance cost (rm16,891,000.00)
Foreign exchange loss on borrowings (rm30,193,000.00)

Loss before taxation (rm58,410,000.00)

Will AA be any difference, folks?

Total debt for 1Q13 was at Rm8.463 bil.

Capital commitments for property, plant and equipment as reported for 1Q13 at Rm64.829 bil.

Remember folks, borrowings are denominated in US Dollar (predominantly), RM and Euro.

Foreign exchange gains/(losses)

Borrowings
- realized: 1Q13(Rm2,900,000.00) 1Q12(Rm1,142.000.00)
- unrealized: 1Q13(Rm68,633,000.00) 1Q12Rm193,303,000.00

Will 2Q13 be any difference, folks? Only time will tell!

Finance costs:-

1. Bank borrowings: 1Q13(Rm103,856,000.00) agst 1Q12 (Rm92,590,000.00)

2. Amortisation of premiums for interest rate caps: 1Q13(Rm1,982,000.00) agst 1Q12(Rm1,951,000.00)

3. Bank facilities and other charges: 1Q13(Rm456,000.00) agst 1Q12(Rm464,000.00)

Total costs: 1Q13(Rm106,294,000.00) agst 1Q12(Rm95,005,000.00)

Judge for yourself, folks!

The FBM KLCI fell nearly 33 points at midday on Tuesday, in tandem with the weaker regional markets as investors worried about the US Fed’s monetary stimulus cutback that resulted in the crash of India’s rupee and Indonesia’s rupiah on Monday.

There were concerns foreign funds were selling as they were net sellers at RM441.1mil on Monday.

Remember folks, 51.92% of the issued and paid-up share capital of AirAsia of 2,780,534,580 ordinary shares of RM0.10 each were held by foreigners.

Folks, the strongest support would be at 1,700 and will that be broken soon?

Well only time will tell!

Folks, the outlook for AA second quarter of the year should be seen in the context of the current prices of oil and aviation fuel.

Even if the price of oil softened towards the end of the year, the depreciation of the ringgit, rupiah & peso meant that carriers will not see any benefit from this.

So how?

In 1Q13 the Group recorded an average fare of 2% higher at RM180 as compared to RM177 achieved in 1Q12.

For the coming 2Q13, Malaysia, forward loads for the remaining months of the second quarter are higher than in the prior year but the BASE FARES slightly lower than the prior year. Malindo effect?

Forward loads and average fares in Thailand are better than in the prior year, while in Indonesia fares are higher but load factors slightly lower compared to the previous year.

Thai AA is so far the best performing in AA group, folks! Will 2Q13 be any better than the previous quarter for AA?

Well folks, only time will tell!

Investors have short memories!

Foreign Exchange loss on borrowings Rm37,688,000.00 for 1QE13.

For 2QE13? Well folks, only time will tell!

AA Capital commitments outstanding not provided for in the interim financial report!

Capital commitments for property, plant and equipment:
Approved & contracted for 1QE13: Rm50,908,258,000.00
Approved & contracted for 4QE12: Rm38,851,691,000.00
Approved but not contracted for 1QE13 Rm13,920,750,000.00
Approved but not contracted for 4QE12 Rm13,920,750,000.00

Total amount for 1QE13: Rm64,829,008,000.00
Total amount for 4QE12: Rm55,043,760,000.00

Q: Folks, what is a capital commitments?

A: Allocation of funds for a possible liability in the near future arising out of capital expenditure. Firms must disclose their capital and financial commitments in notes (footnotes) accompanying a balance sheet.

Remember folks, never invest in a business you cannot understand. There you go!

Many Asian stocks slid on Tuesday, while yields on U.S. Treasuries held near two-year highs as investors positioned for the probability that the U.S. Federal Reserve will begin tapering stimulus as early as next month.

European markets were also looking weaker. Japan's Nikkei led Asian stocks lower with the benchmark index down 2.7 percent, reflecting the exposure of many Japanese companies to India and Indonesia.

Indonesia and Indian shares had yet another torrid session with stock markets down 4 and 1 percent respectively.

The eventual withdrawal of cheap money by Western central banks has been the dominant theme for Asia's financial markets since late May, and emerging markets that have benefited from the Fed's easy policy are now feeling the pinch.

The Indian rupee cratered to a record low of 63.30 per dollar on Monday, and Indonesia's rupiah and Brazil's real both skidded to four-year lows.

The rupiah's pain was exacerbated by a 5 percent slide for local stocks after they logged a 5.6 percent tumble on Monday and traders said key support levels for currency could be broken soon.

Bank of America Merrill Lynch analysts are overweight China, Japan, Korea, and Taiwan, and underweight Indonesia, the Philippines, Malaysia and Thailand, believing Asia-ex Japan offers attractive opportunities despite bearish investor positioning and interest.

Zest Air has resumed flights, with three of its 11 planes now cleared by the Civil Aviation Authority of the Philippines.

Zest Air founder Alfredo Yao said the airline made a Kalibo - Beijing flight last night.

CAAP deputy director John Andrews said it is scheduled to make more China and South Korea flights by tonight.

CAAP grounded Zest Air on Friday on safety concerns.

Joy Caneba, Zest Air director, said the airline will make sure its operations will go back to normal as soon as possible.

"This confirms that Zest Air has been operating following the standards required and will continue to do so. We will go back to normal operations as soon as possible and because of this, we are more determined to be the best player in the market - be bigger and give only best service to our passengers," she said in a statement.

Earlier this year, Zest Air formed a partnership with Air Asia, with the Malaysian airline buying into Zest Air and Yao getting a stake in AirAsia Philippines.

There you go, folks!

India's rupee hit a new all-time low on Tuesday on continuing fears recent measures to stabilise the currency and kickstart the country's flagging economy will not work.

Asia's worst-performing currency this year slid to 64.05 rupees against the dollar, past its previous low of 63.22 struck the previous day.

The rupee has fallen 16 percent against the dollar this year.

Dealers said they feared the unit could weaken further and central bank measures undertaken over the past three months would not halt the slide.

Remember folks, emerging market currencies have also been hit by expectations the US Federal Reserve will roll back its stimulus, which has fuelled a flood of foreign investment in developing economies looking for better returns than in the West.