Investing in AAX need patience and skills. Some good companies producing good result but share price drop. Some companies producing bad result but share price is going up. Whatever is it, most important is where is your cost per share, against the market share price. AAX need 2-3 for harvesting. Now is reaching the lowest I ever seen. Although the overall business environment would face have a lot of challenges especially coming 3-5 months.. but this price 0.150-0.160 is very very attractive. Start to invest progressively and you would see handsome return in the near future. Happy investing :)

Whatever reasons given, if you are fundamental base, go for blue chips local or overseas. HK now got a lot of good fundamental stocks worth investing. If you are technical base, well, PUC now is a good time to start accumulate again. Happy investing :)

What happen to YSP ? Keep on eating !

YES, buy before too late. Just bought 0.380 as new re-venture again after so long leaving AAX behind. Thanks LilyLL for the reminder.

GoodCompanies, Suprised to see you here with AAX good comments from management point of view. Yes, they are in better control now compared to last few year. The worst was over. Now minor losses is not a big deal now. Fuel & USD wont go much in short term and hence wont impact much on the AAX EBIT. And Tony keep promoting AAX the cheapest Low Cost Airlines in the world. I think how to support lah... By recent cost transfer between AAX and Airasia, we could see better financial figure in 2018. By year end 2017, 0.42c and above is not a problem.

FBMKLCI seem getting weaker and weaker with lesser and lesser volume to support on monthly & weekly basis, Index may tend to go south next week. However, on AAX stock by looking at recent peak (22/8 and 11/9) and supported by higher and higher volume, I see the base price at this moment for AAX should be 0.370. Any price below 40cent worth to collect for next year profit taking......definitely not for short term play.

9mil shares sapu habis in 5min @ 11 cents. Aim high, 0.125 too low, many rounds to come, just the beginning only. PP price yet to announce. Will decide later whether to subscribe or take profit.

Hi, anyone know when PUC-LA will give the dividend ?

Just bought Supermx today RM2.14 to test the trend.

Got it from AR2014. 1MW at Sg Petani with SEDA approval in 2015 with just 2.5A of Land. Well, we could see more secured revenue growth in the future.

Doing farm at rural areas is ok as land cost is low, as long as it is within 5km from 11KV TNB sub-station is ok. 21 years contract with TNB and after that years, the land will still appreciate over the years. If it still not developed at that zoning yet, I am still ok if the land value increase from RM1/psf to RM2/psf in 10 years for 100Acres of land. Using high quality of solar panel, depreciation is 1-2% p.a. Fair or not ? In the next 2-3 years ahead, TNB may stop this kind of buy-back contract, and replace with Net-Metering. TNB/YTLPower etc..still ok for investment but I see this counter the potential is hugh. Yet to see what the land bank they have. Solar investment can give u 3-digit ROI for the next 10 years. Just see when & how we want to invest in this industry.

Hi, anyone know where are their existing solar farms located ? what is the size ? when was it completed ? and where would be the new solar farm for this fund raising ? TQ

Those who wish to hold for long and based on current pricing, TopGlove give you the highest yields compared to other glove stock.

YES, Member & Proxy also entitled Free Ticket. Destination : Peart, Colombo, Seoul, Taipei, Nanta, Xi'An, Hangzhou and Busan. Redemption & Travelling Period : 1/7 till 30/11 2015. Those Eligible will receive letter from the registrar by 15/6. Board said next year AGM Free ticket entitlement be increased to min 10 lots.

Hi Conmam, if u think so difficult and so emotional to invest in AAX, then better stay away from AAX and invest on those export-oriented plc. With your expertise, I think you should make good profit there.

Hi 伟汉, Yours 1-4 are rights. T+3 from 21/5 just for contra players only. Will still buy back @ 25-26c and on hold for long. Those traders who like to trade shares should have entered & cleared their position.

Hi SmartAss, you are right, no one will pick up right issue if fall below 22c. However, I don't think it will go up so much to make the rights attractive, unless they want to throw the rights/warrant on Jun.

Hi Rizerlee, no choice, have to bear with it, since we are invest in this industry. USD had appreciated by > 10% globally in 1Q2015, and reflected unrealised loss of RM89M. But How about the forex loss on AA ? They should be operating under similar loans structure and forex management. If AA/AAX 1Q2015 is so much different, then maybe we can see deeply what is the core problem ?

Hi Goodcompanies, thanks for sharing your outcome and your strategy on AAX. Agreed with you USD wont have much impact on AAX at near terms. For me, yes in Q2&Q3. I am afraid late Q42015 and Q52015 have undergoing similar trend on USD. In such a case, yes maybe another round of cash (within 5 years ?) call for loan repayment. If IAAX / TAAX to be listed at their countries, and the IPO proceed used to pay off MAAX or whatever financial / leasing arrangement, I am sure it will helps to improve significantly on the AAX's financial figures. I am not really in depth to study their corporate & financial structure sadly to say, but I see their marketing strategies are working and building up their sales revenue yearly. Profit will come eventually as a matter of cost management / cost restructuring. Well, My last ladder is on 22c (right), will add on if the price go lower (which I don't think so as they have control more very significant stake on hand by now). Overall, AAX is improvement, yes, cash positions in on growing side. If USD to increase further in Q2/Q3 (which I don't think so), then it will getting worse. Maintenance is high too.

Expected to be many waves (gradually & marginally to break RR levels) and to exist all / partially depending significant events happenings(assume 22-25c is the lowest in 2015), and this stock won't move along with KLCI. Correct me if wrong. TQ

Anyone attended the AGM and anything to update ?

Hi Kensen, I refer to those board members who had given their undertaking to subscribe the remaining portion of rights as underwriters, not purely means the banker as we used to name it. I am sure it will be taking up fully, no need to waste time & money to go for excess application.

Well, on management capability, my view is : If Lee Chong Wei can beat in Malaysia (Boleh Land), he can beat in Thai / Indo / Japan / Korea etc, definitely not now at China as Lin Dan is there. The capability is the same either you work for AA/AAX, Only the strategies is different. AAX need higher skills set than AA where it involves central resources and re-allocation of resources, cost / pricing transfer etc... which all measures take longer time to built up the cross-regions foundation. I see the management had set in the right directions. TAAX had set earlier-than-expected turnaround in 4Q2014. MAAX could deliver the same as a matter of time. Of course this is high risk industry which u may opt for short term. But for me, AA/AAX, the only listed airline & established in Malaysia, I see it as long term turnaround stock and only review my strategy again when any significant & corporate event happens. Otherwise, I won't trade in short term for profit as it is not my objective of investment in equities.

Hi Goodcompanies, congra on taking up the rights, no dilution but put on more capital at the lowest cost. The stock par at 15cent years ago, now we just put 22cent only for additional capital allocation with attached 5Y free warrants. Worth ! Do u mind sharing of your outcome from your bullish re-assessment ?

WayWayJeff : What is the purpose of this exercise and to set at 22cents ? If you are the board member and the major shareholders and undertake to subscribe fully to the rights, do u think it will fall below 20cent ? I also want to know how ? Can some expert here enlighten me ? TQ

R`Moi, how do u know they are many foreign fund shareholders here ? Can u tell me who are there and their % shareholding ? How do u know they are disappointed ? If the foreign fund managers leaving in rush without saying good bye, and disposed in such a short holding period (listed less than 2 years), they are the FIRST to be fired. Can you use an offshore entity to buy Malaysia share ? Will you treat them as foreigner investors ? How can they took profit at this profit with net selling of RM160m ? At this price, you can take less than RM200m to team up with major shareholders and take it private ? Why not ? what for to keep listed and let people to condemn.

CCK8999, good statement from you that NOW EVERYONE CAN FLY AND EVERYONE CAN BUY AAX now.

R'Moi : If u trust the management, u can own it even 1 share. If u don't. then just leave it. Don't blame due on the losses, it is about investment, not trading, not speculate. Here is not the game for trading and speculate how low or high the rebounce etc.

GoodCompanies: I believe you are the experience investor. Although the traffic volume is lower but I take it positively and more foucs on the overall earning yields. If I were them, I am willing to cut those unprofitable route (lower load factor) but could eventually increase the profit margin. I have entered another batch today @ 27cens to lower my AUC. Next is Right at 22cents. Wont hope can get any excess application since it is so cheap to own it and some more supported by those underwriters.

BBoy, agreed with u. expected this week be driven to the lowest as possible. Any bad news be released in this week. If good news or improvement on 1Q2015 be postpones and released next week. Who is the biggest winner this week will determine their % controlling stake in the companies and the wealth creation in the future. Well, I don't expect betterment on cash flow position, but finance date on status quo or slight better will suffice, could turn around the price and start taking off with those survivors.

Of course still a long journey to fly and be assured with you. Unless those underwriters & major shareholders willing to let go beyond 22cents, then I will buy at open market, or else, still subscribe to the rights.

R`Moi, do you think your foregin fund managers can drive below 22cents ?

It is on uptrend, move slowly on accumulation toward the AGM. Just keep it. Drop a bit and move higher. Very soon to break recent high before the AGM.

good job. well done.

Very good move Tonywong8. I was thinking to buy or not yesterday. Many people have bored on AAX and tired of hammering AAX, no active discussion and look like no eye to see and comment. It was pressed down by purpose yesterday within the first 30min of trading. People do nothing when the price stand still at range RM0.300 - RM0.310. Most likely will buy another batch tomorrow, before the rights subscription and quarter announcement.

Buying momentum is building on. Today closing above RM0.40 is not difficult. Those miss it, you may need to buy at premium then.

Just saw Perwaja owed RM2.2B debt to the banks, statutory bodies and trade creditors. I remember either KinSteel / Perwaja did issued Islamic Bond RM100M / RM1Bil ? can someone enlighten me on this ? What RM100m / 300M can really do ? pay interest ? A business that cannot provide positive cash flow over the years hardly can survive, keep on borrowing money is not the way of doing business. A listed company should over the years self-generate its own cash to sufficiently fund its business activities and expansions. Don't use people money RM100-300M while the company still owing RM2.2B external debt. Theirs RM100-300M from china investors group may comes from old farmers, fishery, theirs pensions funds etc.. hoping that they could get back their hard-earned monies and saving one day in the future. Please use it with heart and remember to pay them (all stakeholders) back double. Sad to see, be invest wisely.

Very funny to see the talks here. In Malaysia, really everything can happen, all sort of people, even the china investment group of people, what a wonderful cross-borders game. I thought Perwaja had been deleted from Bursa long along since enter PN17 and failed to submit its feasible restructuring plan in 9 months. I thought the board had changed its members and now should be in the process of liquidation. Bursa seem granting extension and extension beyond the reasonable period ? What SC & Bursa is doing ah ? This MOU can deemed as re-structuring plan that keep it live until this announcement ? Can an so-called "international investment group" invest in PN17 ? and to pay RM30m for deposits and RM70m for CAPEX and yet all these subject to bankers, statutory bodies and government approval ? Wow, so good, bankers no need to go for haircut lah, No need to pay first to workers, EPF, SOCSO, TNB, GAS... RM100m enough ? Nevermind, this stock still live by SC & Bursa and wait for phase 2 for another RM200m funded by cash rich china investor.

Aliyusof, CHINAMAN BUSINESS want FAST MONEY + NO OBSTACLES. Can you do that ? MOU only mah, U boleh I boleh. Apa pun boleh mana saja pun boleh. Kita sama sama untung. ok ah.

This company, I remembered well, when reading its IPO, within 15min, the IPO prospectus went into my rubbish bin already. Those still having it, please re-read it. Then you should know by now why a company wanted to go for listing, why some companies de-list here and re-list other country. If you want to be an advanced super-trader in equities, then learn the charts from this stock over the years since IPO. Their kungfu getting better and better over the years. If you want to learn to be a profitable investor, you still can learn from this stock, ie learn to be "NO ACTION".

Just think that if you are a China counterpart, being a prudent businessman and investors, how would you select your investment partners ? They are so many local steel companies here, or even direct foreign china-owned steel companies which had been based and operated in Malaysia for many years. Why not others ? U believe ? MOU or make fool of you ?

These are all known fact. Tan KW just picking public points and anger. I don't see TF is blaming on MAS, this is war of business in the advance competitive industry. AAX long haul will more years to breakeven and show profit. Don't think now is 1990-1993 where all second IPO RM3-4 shoot up to RM5-7 on the day of listing. Now is different. All bankers now can promote 3 to 4x higher. Trust companies will sell its unit trust at the peak of the stock market, Bankers introduce & offer whatever warrants during the peak of their mother shares. I never subscribe to IPO since PETGAS, and never buy at IPO even a bluechip companies. For AAX, after right issued, and to add on more bullets on mother shares from the given free warrant (never hold all these warrant), it should show positive ROI already. If the coming reports on the positive side, the ROI is much greater than the ROI from investment graded stock.

AAX going to Top 10 Active very soon.

Give you a happy mood to attend the AGM.

Still too early to view as reversal. I see it just a technical rebound. Just let me know when it is calming down.

so far I don't see any reversal on the fuel price. just a sideway - consolidation stage. Not much hedging activities needed. and the fuel cost is about USD65. if the fuel drop further, we no need to talk about hedging. If the fuel up, well, you may opt to go on spot and hedge relatively & progress 20-30-40%. Max 50%.

Now fund raising is needed for sales & marketing purpose particularly to affiliate with more travel agencies and sales offices across the region to significantly capturing more market shares. Previously still rely on the online sales. This is the correct move. This will benefits AA group as a whole. But why this exercise done at AAX in conjunction with loan repayment ? Then, do you think worth buying for the rights and get free warrant ? Study the finance data again and see how soon they can break even.....

That is their strategy in 2015 against the oil fuel reversal which they may hedge up to 50% at USD88 and it is just the projection on average fuel price in 2015. That is their initial projection, it will subject to change quarterly. Based on the current market force, they may need to revised lower on their projection.

I really doubt on comment saying that AirAsia had hedged 50% of its 1Q15 fuel requirements at USD98/bbl. I understand from management meeting that 20% hedging at USD65/bbl in 1Q2015. the rest mostly based on spot market. 1Q2015 fuel price still at USD98 ???? is something wrong ?

S&P future drop > 1% just now. anyone know why ?

Of course there are many investment graded stocks for you to buy and hold for long term. But How much CAGR do you expect from the investment graded stocks ? For me, AAX is a turnaround stocks category, which ideally should be less than 10% of your portfolio allocation, but don't underestimate this kind of turnaround stock which could give you the highest ROI, provided you managed it to the lowest cost per share and entered at the turnaround periods. Don't worry, Tony and others major shareholders are losing more than you. One member pointed out why painted such a lousy report and asking for fund raising ! which I do agreed, why paint such a lousy report and invite all bankers to hammer down on AAX. Pity those still holding it from IPO. Invest is not simple as just to buy, hold, sell and take profit.

This exercise RM120mil used to pay off borrowing which is good for the company, saving about RM8mil p.a in view of the USD appreciation. RM270mil used for the general working capital mostly on sales & marketing purpose within the Asean regions. This helps to established footprints among the region. Well, AA group generate cash flow 9 months in advance for use and I don't see much severe liquidity issue but rather for major shareholders to acquire more billions of share at much much lower price. The business result will eventually turn +ve improvement but as long as +ve improvement, the share price will start to climb up. Eventually what is your cost per share you have ? I don't see much criticism from bankers on AAX & AA now but rather moving commenting good news. Anyway, AAX is for long term investment, long term averaging & laddering skills needed. Good luck to you.

Well, at least now hedging activities carry less weight for me. They will have better finance reports soon to be announce coming quarter. Some people / research stated that AAX already hedged their fuel at US88 for entire 2015 and hedge at 50% of your requirement. What I understand from the board was they hedge about 20% which is common for me [it means 80% on spot market] and mostly hedged within a quarter, the longest is 9 months [which is very low %]. The 2015 Jan-Feb indicated a big improvement compared to 4Q2014. Bear in mind that the Right Issue price would not be 30% lower than the VWAMP. Based on the current price of RM0.460, this range would be the buttom range already. After the EGM, I have just add-on my load into AAX at RM0.460 and will go for Excess Rights Application.

Time to take profits and let minor correction take place first before re-invest again on this counter.

KPJ to move up progressively away from RM4.00. Next RR will be at RM4.20 (R61.8%). Wait and see how solid move toward RM4.20 !

Take profits and wait for correction to re-invest again. Technically overbought monthly, weekly and daily. low earning yields fundamentally.

Picking up from this level.

Just bought. Market Testing.

Just Bought today

Airasia can reasonably fund partly the AAX cash flow requirement with much lower interest rate than bankers, and I am not worry so much on AAX internal fund problem. The right issue with free warrant is the play game at the right time which richer will get richer. Those not go for it, it will benefits to those who go for excess application. Think of who will be the most winner out of this exercise ? Price doesn't matter much but top shareholders have controlled more bullets than before. Yes, it is supportive game.

Technically RM2.40 should be the support level.

No promotion needed if the company is good, just like good property, no mass promotion and advertisement needed at all. it done through private treaty. By looking at MAS Re-structuring plans recently, it should benefit to the AA group as a whole. Price move within estimation except the QZ Crash and 4Q2014 results which drive the price lower. The unexpected poor financial result which partly were due to the hedging & forex management. It is the finance issue, not the business and I see AA group remain its competitiveness in the Asian region. Finance depts really need to excel on this. I agreed with Goodcompanies that we should not hedge too much and too long anyway. Well, only few dare to INVEST in GREAT LOSS company, and one of them is "Super Li- Ka Shing". This can be your huge profit in the future just the timing. I am just looking at where is the "turning point", I don't mean making profit, however, when it turn to billions turnover and significant market share, making profit is really fast supported by strong management teams. Invest in Investment Graded stock are simple and not challenged. AAX is different.

Yes, RM4 should be the support level now.

GoodCompanies, you are right. 55/50/45 cent doesn't matter when we go for long term. Not all counters in our portfolios are making money. Warren Buffett also have stock loss of 20-30% initially. Issue is whether this is good stock to hold for long. My answer is YES but it need more patience and skills to leverage down your cost per share in this counter and most important still our portfolio management.

Slow & Steady. Patience be rewarded. This is not speculative stock. Keep and Get the Dividend first.

RM3.45 should be the support level (PAR&BB-M).
Looking forward to break up RM3.67 in Feb/Mar 2015.

RM0.61 is still the strong support level. Look like today transactions, no point to break further below RM0.61 as you wont collect much bullets. Timing for right issue is right and is good for the company. Now already Feb15 and 4Q13 result should be better / improvement. Just enter to leverage down the cost and to go for the right issue with free warrant (5 years to play). Of course will look for another batch if it really break down 60cents.

RM5 become the support level by now.