@ikoky, you do realise.. it's provisions right?

He made not enough.. thats y not happy then blame ppl for giving sell cal.. btw, even if production cut, no demand and with cities going into stricter lock down, this recent rally looks more like an optimistic rally. Any failure of real good news will cause the oil price to dive again. Good news is still news, cannot beat the fact that there is a real drastic lacking of oil demand.

Lol.. hibiscus took 12% volume of total shares issued to limit down. Naim only 1.9% of total shares issued. Chill all, big players not selling only small players selling.

@DragonG Russia's OPEX around 42? source? cant seem to find though. Last I recall was around $20 too.

careful dont get trapped. If saudi really go through with 12mil per day, we will see oil drop to $20 levels. This impact is further magnified with the covid 19 and lack of fuel consumption.

AA can’t die? Their balance sheet is not able to sustain a crisis. Even airlines with stronger balance sheet is struggling. Look at their maintenance cost and depreciation+lease % over total revenue, compare it with other airlines and you will see that AA is not managing their cost well enough. Unfortunately the only saving grace for them is the digital banking license, but if they don’t get it or failed to sustain for another 2 quarters.. it’s goodbye to them.

FYI: Flybe also grounded already. Whose next?

Lol.. even at Rm1 this is not cheap. For comparison, take a look at spirit airlines. Q1 result might see this stock trading at 60cents, and even worse if the stock market crashes.

Biological crisis is not financial crisis.

RM1 totally no strong support as well. See you at 0.60. Today US airlines will all tumble down too.

Great results for Fajar. Hopefully can up.. NAPS >80cents, EPS highest in ages.. it's time!

Positive cash flow.. run out of cash?

Good results

Haha congrats to istone holders.

Buffett has said he “realised that technical analysis didn't work when I turned the chart upside down and didn't get a different answer”.

Although some trading signals works for short term, it definitely is not an indicator for a prediction of long term performance.

Naim close short of 1 cents from the day's high. Very bullish.

gg short sellers.

Looks like Naim finally moving today.

in 2018, EPF only had 4.x% though, just FYI.. btw today closing stronger than expected.. my queue at 1.15 didnt match :(

lol.. @jiunn why take up a petition of 2 years ago which only garnered 1000 supporters and closed already. All these ppl spreading FUDs.. lol.

Haha @paktua I’m standing by for 1.14-1.18 as well. Last time regret didn’t get enough at 1.15.. now another chance will not miss it ;)

@probability. exactly. There's really no reason for TF to ask for that bribe. Also, its easy to justify that caterham is merely for branding exercise and it benefits both AA and Airbus. Also, regarding the email on the $16m owing, it might be out of context which we have not gotten the full picture.

but.. but.. the sponsorship of Caterham tak masuk pocket.. its a vehicle set up for branding exercise to benefit AirAsia.. easy case to settle.

1.25 broken !

Before MACC is 1.40. After MACC is 1.12.. so.. will it go back to 1.40? ;)

@rr88 you do know that it's not qpr right? its caterham...

“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.” - Warren Buffett

https://www.thestar.com.my/tech/tech-news/2020/02/04/dyson-reveals-patents-for-air-purifier-thats-also-headphones#cxrecs_s

1 hour 58mil volume traded.. wow.

Someone bought 7.5 million shares one shot.

Finally. It's a substantial contract.

1.20 broke. Someone just offload 5mil shares in 1 go.

AirAsia not even in the first page of top losers lol. Was expecting lower..

@Shinnzaii finally someone who made sense. I think there are just many ppl who are looking for bargain here hence spreading the negative sentiments overly.

Lol apparently many lawyers and judges here already say TF is guilty. Please, the proceedings have not even begun yet. Those who says limit down, please sell it on the opening bell tomorrow, I’ll gladly collect more. At RM1.

lol.. the haters mostly comment without facts.. the supporters comment with facts..although, really don't mind if it limit down. Years ago when AA was 80cents, it was not even at this point of revenue and revenue growth, with a diversified biz.

https://www.thestar.com.my/news/nation/2020/02/01/airasia-denies-wrongdoing-in-airbus-scandal

I wonder how many people here will short AA.. since so confident will limit down.. lol

Guys, why so many overreaction? TF is TF, AA is AA. As long as financial statements is not a fraud (which was audited by Ernst & Young btw), then nothing bad will happen to AA fundamentally. TF if guilty will just be sacked (and maybe fined)? New CEO take over, business go on as usual.

Do you guys really think AA will be PN17 because of a $50 million sponsor? Please, this case is not difficult to get out of. AA can go on a defense stance to show the comparison of Boeing and Airbus (price point, safety etc), and even without the bribe, the decision would be Airbus.

The one in hot waters are the executives who takes bribe. Executives' liabilities and the Companies are separate entities. MACC can freeze TF's account, but they can't freeze AA to continue their business.

The reason why Airbus paid the fine s because those bribe offering was an instruction or corporate culture from top to bottom, this means they are doing that for the company to get the business, hence the fines are appropriate. However, for AA, is just between choosing a vendor. These kind of crime does not warrant AA to pay fine at all as the benefit is wholly on the executives who received the bribe.

Unfortunately, this is what happens when you have a duopoly, where each sales contract is huge (in the billions). Boeing might have also done the same thing just not caught yet. Guess they didnt "entertain" enough to secure contract. But that being said, I think an Executive with too many scandals should step down, although in actual fact TF has relinquish most of his positions apart from Group CEO, which should be done too.

Did you guys know Delta Airlines sales improved a lot solely for the reason they were using Airbus instead of Boeing? With the bad repo of Boeing because of safety issues, I would say getting Airbus in was a blessing in disguise. In the end, the one who have to pay the fine is Airbus. Also, wouldnt mind if TF resigns because of this and someone else take the lead. Afterall, without him the business runs just fine.

If McD's CEO can resign because of relations with an employee, then TF should resign too ;).

think might go down even more next week. buy slowly dont all in all at once lol

Most likely will break 1.40. Don't foresee a rebound so soon.

https://www.thestar.com.my/news/world/2020/01/31/virus-fears-draw-value-investors-to-travel-casino-stocks

Actually, I'd prefer if AA don't issue dividend for the next few years and use it to invest in their digital transformation. If they go on to expand bigpay aggressively like how grabpay/tng pay did, Im sure they will be even more successful given their global reach. Also, there was the idea that AA might go into ride hailing. With so much positive free cash flow, they are in a better position to dominate this space actually. They could turn themselves into a superapp given the right resource allocation.

If the likes of Grab (which is loss making) can be valued at $14bil, AA which have been generating profits for years with positive cash flow and with global reach, valued at only $1bil is absurd.

Matched some at 1.46.. just for perspective for some.. if exclude the RM0.90 SD, this means AA is priced at 2.36.. and that is crazily cheap. Also, at this point of time, BigPay sign up and non-airline revenue is growing, not to mention for core biz - passenger flown increased in Q4 2019. This event is one-off and it does not affect how the biz is run. Once the virus is over, biz back to usual. Great buying opportunity for now.

haha.. so now winbigbursa and Kim33 are both winners. Of course, provided you guys take abit of profit. But got a feeling it's gonna go even higher come evening.

Wow I’m glad my queue at 1.18 didn’t match yesterday

Director purchased more

@Aristocats what I meant was the issue already started since 2018. This is just part of the follow up. Market already priced this in.

https://www.thestar.com.my/business/business-news/2018/06/05/airasia-fernandes-to-fully-cooperate-with-india-cbi-investigations/

Old news lar. Wouldn’t really affect AirAsia and their core operations. If there’s a knee jerk reaction by investors, even better.