skyu, l have fears too and it is not a stuff easy to shrug off. It is just about how you handle your fears. If u let fear get overwhelming, you 'll have landed with bunch of unfounded worries.

skyu, please share it to let everyone know it.

skyu, if u think AA will gonna be like this, you can avoid it by stay aside. For my analysis it is good time to accumulation now and l don't have information AA will one day landed in situation as company u mentioned. If you can share those information i 'm glad to see it.

Good time to accumulate if it is keeping down.

Sincere expression.

Agreed

Defeated not give up, prevailed not complacent and take proud.

Sincerity in sharing knowledge and info is good for all us to improve and grow. All have weakness inherently.

This provided external and internal factor is intact and positive.

Short term unpredictable. Target 2.10 in one year time.

Any GMT rating on current quarter available? Anyone can share?

Do your analysis for better clarity if what they are claim is right or wrong.

Bunch of IB are out to rate AA:


Kenanga Research maintains Outperform call on AirAsia

KUALA LUMPUR: Kenanga Research is maintaining its “Outperform” rating on AirAsia Bhd, following the release of the company’s second quarterly earnings.

AirAsia’s first half ended June 30, 2015 accounted for 41% of Kenanga’s and consensus’ full-year estimates.

“We deem the results as in line as we are expecting a stronger second half backed by a seasonally stronger quarter in the fourth quarter,” it said in a research note on Friday.

In the first half, AirAsia’s core net profit saw a major improvement by 72% to RM262mil despite revenue being flattish at RM2.622bil. This is mainly due to the improvements in operating margins driven by lower fuel costs that came down by 14%, coupled with better contribution from its associates.

Average fare and ancillary per pax also saw minor improvements by 1% to RM133.1 per pax and RM42.6 per pax, respectively.

Moving forward, if the yields are maintained at current levels, AirAsia will continue to benefit from lower jet fuel costs, said Kenanga Research.

“That aside, management highlighted in its teleconference that they are highly confident in turning around its Indonesian (IAA) and Philippines (PAA) associates by year-end. Their plan of raising funds of about US$200mil for both IAA and PAA through convertible bond and equity injection is still on-track and management is targeting to complete the exercise by year-end,” said the research house.

Kenanga Research maintained its “Outperform” call on AirAsia with a lower target price of RM1.86 based on 1.32 times 2015 estimated price-to-book value, after factoring in the potential impairment of RM1.6bil.

News by The star:

AirAsia briefly falls below RM1, more upside seen for share price.

KUALA LUMPUR: AirAsia’s share price fell briefly below the RM1 level in early Friday trade on selling pressure from foreign funds following the release of its results and the overall weak market sentiment.

However, buyers soon emerged to pick up the shares in the low-cost carrier with analysts viewing the stock as heavily sold down.

At 9.26am, it was trading at RM1, down one sen. There were 21.13 million shares done at prices ranging from 97 sen to RM1.

The FBM KLCI was off its early low and it was down 1.68 points or 0.11% to 1,575.73. Turnover was 612.61 million shares valued at RM445.90mil. There were 409 losers to 184 gainers and 236 counters unchanged.

Affin Hwang Capital Research has a Buy call on AirAsia with a target price of RM1.85 from RM2.22 previously.

It maintained its FY15-17E earnings forecast. However, given the challenging market environment, it pegged its CY16 EPS to a lower PER of 10 times (industry average, from 12 times previously) and derived a target price of RM1.85 from RM2.22 previously.

“Maintain BUY. AirAsia is poised to benefit from MAS’s route rationalising and restructuring programme,” said the research house.

“Risks to our recommendation include; i) prolonged fare dumping beyond 2H15 which would continue to supress yields, ii) a spike in jet fuel prices, iii) a further weakening of the RM against the US$ and iv) foreign selling – foreign shareholding stood at 54% as at June 2015,” it said.

Once the bad sentiment is settled, l believe the data and truth will prevail.

Let this to be conducted in constructive and conducive environment.

asia, rezerlee and other may also can join the fleet.

mmss, l suggest that next quarter, 3rd Q, we can have each other estimate of finance result shared after AA publishing Preliminary Operating Statistic 3rd Q but before finance result is issued so that we can better insight of whereabout the AA performance heading to.

mmss, good to meet you again.

Take the good opportunity now as market is bad.

AirAsia maintained as Outperform by PIVB Research

KUALA LUMPUR: PublicInvest Research is maintaining its outperform call on AirAsia with the target price of RM1.88 tagged to 10 times FY16F EPS.

It said on Friday AirAsia reported net profit of RM243mil (-33.8% on-year) for its 2QFY15.

PIVB Research said excluding forex loss, tax incentives and other one-off gain/loss, its core net profit for the quarter was RM109.5mil (+61.6% on-year).

For 1HFY15, AirAsia core net profit increased by 37.2% on-year to RM262.4mil from RM191.3mil in 1HFY14.

“Although core net profit only accounting for 40.7% and 43.3% of ours and consensus estimates respectively, the results were broadly in line as we expect a stronger 2HFY15 due to seasonality,” it said.

PIVB Research said AirAsia reported flat revenue growth of 1.1% on-year in 2QFY15 to RM1.32bil.

Despite a decline in average passenger fare by 10.2% on-year to RM141 due to fuel surcharge removal early of this year and revenue per ASK (RASK) reduced by 5.2% on-year to 14.6 sen, the passenger traffic growth during the quarter jumped by 6.8% on-year.

The ancillary revenue per passenger has slightly increased by 2.2% on-year to RM46 from RM45 in 2QFY14.

Cost per ASK in 2QFY15 has decreased to 11.9sen (-10.8% on-year), due to lower fuel expenses (-18.1% on-year), maintenance and overhaul costs (-20.5% on-year) and depreciation (-12.9% on-year YoY).

Hence, net operating profit in 2QFY15 soared by 39.8% on-year to RM243.5mil.

“Management believes AirAsia will benefit from better operating environment in 2HFY15 due to capacity reduction and route cancellations by other players, positive fare trend, recovery of Chinese travelers demand and lower fuel prices.

“The group expects to achieve ancillary income per pax to RM50 by end of the year and focusing on building cash through its capacity management strategy,” it said.

PIVB Research said Thailand (TAA) was expected to see growth from China traffic.

Indonesia (IAA) will reduce its fleet size by four aircraft to operate at its optimal capacity and improve aircraft utilisation by terminating non-profitable routes and focusing more on international routes.

Also, Philippines (PAA) is expected to reduce its cost further through its re-fleeting plan by selling older aircraft owned by Zest Air and in discussion to early return its aircraft to third party lessors by end of FY15.

Interesting news from Star:

Malaysia has the second highest levels of bank account ownership for adults among South-East Asian countries after Singapore.

According to Global Findex 2014, 81% of adults in Malaysia are exposed to financial services in 2014 from 66% in 2011.

The World Bank Group senior financial economist, finance and markets global practice Dr Jose De Luna Martinez said Malaysia was a success story in promoting financial inclusion.

“Malaysia is a success story in terms of its financial system’s, its financial system development plan and carving itself to specialised in Islamic Finance,” he told reporters at the media briefing of the Global Findex 2015 Measuring Financial Inclusion around the world yesterday.

Global Findex is a comprehensive report on financial inclusion released by the World Bank every three years. It measures how individuals in 143 countries save, borrow, make payments, and manage risks.

If no US appreciating, this quarter result be the one best ever result.

Cash flow improved, debt ratio decreased, load factor improved, widening spread between RASK & CASK(profit margin) and anciallary revenue increased.

Despite very bad operating condition, AA managed to scrape profit.

Expect good rating from IB

Overall chinese work harder than Malay but still got portion of Malay work harder as Chinese, as inteligent as chinese are. New generation either chinese or malay is deteriorating. They are demanding lot, work less but demand pay more.

China slow down, euro stagnant, US slow recovery, oil rout will last for sometimes. At the time oil rise, ringgilt will up too.

It depends on one encounter. I don't have bad encounter with malay muslim. To my experience they are kind, honest and friendly which no different to other chinese friend. There's bad seed in every race. It is unfair to accuse all of them are the same just because we have bad encounter into one or few of them.

xZZZZZZ, TAA result had been made known before.Ur estimate AA is profit and other associate is loss is correct.

i think so

At least still profitable and as not other expected its result is very bad.

If excluding the forex loss, this quarter is actually better than the preceding year quarter.

This year forex loss is 43.59 million, preceding year quarter is gain of 202.9 million.

Market really think bad about AA this quarter result.

PAA has loss of 15 million attribute to AA, not very far from expected little loss of 10 million but preferable is breakeven or little gain.

It is positive but still lower of expectation of 100 million

rezerlee, the net forex loss is below from our estimate of 60 million.

The irony is majority here is against each other while big fund laughing all the way in preparedness of carrying their countless barrel of gold back to their mother home.

Market sentiment is bad. Wait & see.

Retailers are guessing this and that with futile efforts but big fund are out for hunting of prey

Always big fund as winner, retailer like us as loser.

All big fund is looking on how to maximize their return. As long as their way of maximizing their return is not against regulatory they will use it to the fullest.

Let it to be open, don't deny him first.

xzzzzzz, could you enlighten us what is the profit range?

Hope it will be the case like perdana in months ago for you

yesterday also terrible ^_^

Investment is always come with risk.

if you have holding power why not hold for few hours more? Further more if you have bullet you can buy in later at lower price stage.

gt91, result will out soon.

gt91, you can't the firm answer but a circular answer: buy, no buy , buy, no buy. Why not do your own study? Afterall your money is ur responsibility.