AirAsia has dropped... dropped 1st.... no worries

BLACK SWAN.... RUN RUN RUN


Greece has been around for year... nah


FED has been talking about it for a long while... nah


The destruction of wealth in China... the wealth of middle class Chinese in China... well some may have thought about that...

But.... the suspension of more than half of all those companies listed in China.. likely more to come .... now who would have thought about that... The "If you can't sell what you want you would sell all that you can"... Yes.. This would definitely looks like a BLACK SWAN.....


BLACK SWAN...... KLCI DROP TO 1500?!!


BETTER SELL ALL YOUR OTHERS COUNTERS IN BURSA... SELL ALLLLL......ALL...!!! RUN RUN RUN!!!!

RUN RUN RUN!!!!!



DJ dropped 261 last night as they were worried precisely about this ... DJ SP are now below their 200d SMA

BLACK SWAN.. RUN RUN RUN RUN


Greece has been around for year... nah


FED has been talking about it for a long while... nah


The destruction of wealth in China... the wealth of middle class Chinese in China... well some may have thought about that...

But.... the suspension of more than half of all those companies listed in China.. likely more to come .... now who would have thought about that... The "If you can't sell what you want you would sell all that you can"... Yes.. This would definitely looks like a BLACK SWAN.....


BLACK SWAN...... KLCI DROP TO 1500?!!


BETTER SELL ALL YOUR OTHERS COUNTERS IN BURSA... SELL ALLLLL......ALL...!!! RUN RUN RUN!!!!

RUN RUN RUN!!!!!



DJ dropped 261 last night as they were worried precisely about this ...

BLACK SWAN.... RUN RUN RUN !!!!!!


Greece has been around for year... nah


FED has been talking about it for a long while... nah


The destruction of wealth in China... the wealth of middle class Chinese in China... well some may have thought about that...

But.... the suspension of more than half of all those companies listed in China.. likely more to come .... now who would have thought about that... The "If you can't sell what you want you would sell all that you can"... Yes.. This would definitely looks like a BLACK SWAN.....


BLACK SWAN...... KLCI DROP TO 1500?!!


BETTER SELL ALL YOUR OTHERS COUNTERS IN BURSA... SELL ALLLLL......ALL...!!! RUN RUN RUN!!!!

RUN RUN RUN!!!!!



DJ dropped 261 last night as they were worried precisely about this ...

BLACK SWAN.... RUN RUN RUN!!!!!


Greece has been around for year... nah


FED has been talking about it for a long while... nah


The destruction of wealth in China... the wealth of middle class Chinese in China... well some may have thought about that...

But.... the suspension of more than half of all those companies listed in China.. likely more to come .... now who would have thought about that... The "If you can't sell what you want you would sell all that you can"... Yes.. This would definitely looks like a BLACK SWAN.....


BLACK SWAN...... KLCI DROP TO 1500?!!


BETTER SELL ALL YOUR OTHERS COUNTERS IN BURSA... SELL ALLLLL......ALL...!!! RUN RUN RUN!!!!

RUN RUN RUN!!!!!



DJ dropped 261 last night as they were worried precisely about this ...

BLACK SWAN.... RUN RUN RUN


Greece has been around for year... nah


FED has been talking about it for a long while... nah


The destruction of wealth in China... the wealth of middle class Chinese in China... well some may have thought about that...

But.... the suspension of more than half of all those companies listed in China.. likely more to come .... now who would have thought about that... The "If you can't sell what you want you would sell all that you can"... Yes.. This would definitely looks like a BLACK SWAN.....


BLACK SWAN...... KLCI DROP TO 1500?!!


BETTER SELL ALL YOUR OTHERS COUNTERS IN BURSA... SELL ALLLLL......ALL...!!! RUN RUN RUN!!!!

RUN RUN RUN!!!!!



DJ dropped 261 last night as they were worried precisely about this........

BLACK SWAN.... RUN RUN RUN


Greece has been around for year... nah


FED has been talking about it for a long while... nah


The destruction of wealth in China... the wealth of middle class Chinese in China... well some may have thought about that...

But.... the suspension of more than half of all those companies listed in China.. likely more to come .... now who would have thought about that... The "If you can't sell what you want you would sell all that you can"... Yes.. This would definitely looks like a BLACK SWAN.....


BLACK SWAN...... KLCI DROP TO 1500?!!


BETTER SELL ALL YOUR OTHERS COUNTERS IN BURSA... SELL ALLLLL......ALL...!!! RUN RUN RUN!!!!

RUN RUN RUN!!



DJ dropped 261 last night as they were worried precisely about this ...

BLACK SWAN.... RUN RUN RUN


Greece has been around for year... nah


FED has been talking about it for a long while... nah


The destruction of wealth in China... the wealth of middle class Chinese in China... well some may have thought about that...

But.... the suspension of more than half of all those companies listed in China.. likely more to come .... now who would have thought about that... The "If you can't sell what you want you would sell all that you can"... Yes.. This would definitely looks like a BLACK SWAN.....


BLACK SWAN...... KLCI DROP TO 1500?!!


BETTER SELL ALL YOUR OTHERS COUNTERS IN BURSA... SELL ALLLLL......ALL...!!! RUN RUN RUN!!!!

RUN RUN RUN!!!!!



DJ dropped 261 last night as they were worried precisely about this ...

BLACK SWAN.... RUN RUN RUN


Greece has been around for year... nah


FED has been talking about it for a long while... nah


The destruction of wealth in China... the wealth of middle class Chinese in China... well some may have thought about that...

But.... the suspension of more than half of all those companies listed in China.. likely more to come .... now who would have thought about that... The "If you can't sell what you want you would sell all that you can"... Yes.. This would definitely looks like a BLACK SWAN.....


BLACK SWAN...... KLCI DROP TO 1500?!!


BETTER SELL ALL YOUR OTHERS COUNTERS IN BURSA... SELL ALLLLL......ALL...!!! RUN RUN RUN!!!!

RUN RUN RUN!!!!!



DJ dropped 261 last night as they were worried precisely about this ...

Adoi.................... must go for facial lo

Wont see the red logo in the sky anymore..... likely or not??


I think better sell MAH too... airport nobody uses liao

There are tons of retailers in AirAsia now

Dont sell or get some... so that the next time you board AirAsia... you can hold up your chin and tell em.. I am part owner of this airline ; )

I am KIV to buy........................

Looking back EPF did transfer out 3,000,000 to its agents 2 3 weeks ago... but just 3,000,000

BUY

AirAsia - Finding a floor BUY

AirAsia - Finding a floor BUY



Author: kiasutrader | Publish date: Tue, 7 Jul 2015, 10:02 AM




- We maintain BUY on Airasia but trim our fair value to RM2.60/share (from RM2.90/share earlier) to reflect changes to our projections. Beyond this, we attempt to find a floor to valuations as we consider overhanging concerns on the stock that sent it to the current low i.e.: (1) possible impairment of receivables from associates which raises possibilities of a rights issue; (2) inability to collect future lease revenue from associates; and (3) possibilities of terminating Indonesian and Philippines operations.

- On its associate receivables, management is looking at a pre-IPO fund raising of USD100mil each at IAA and AAP on top of an actual IPO within the next two years to recover the amounts due, though there is skepticism on takers of the capital raising at this point.

- If Airasia is to take impairment on overdue receivables, net gearing could balloon to 3x from 2.3x (FY15F) and NTA fall 25% to RM1.31/share (see Exhibit 1). On the bright side, Airasia has a large asset base to fall back on should it need to reduce leverage and it may not necessarily resort to a rights issue. Gross proceeds from the planned 24 sale & leaseback this year can to a large extent mitigate the immediate impact on net gearing from impairments.

- In a scenario where IAA and AAP are liquidated, the impact on recurring earnings would come mainly from the absence of lease earnings. We estimate in this scenario, earnings could fall 12%, before taking into account a one-off write off of all receivables due, which would then swing earnings into losses. That said, actual cash profits remains strong at RM1.5bil ex-onetime write-off and depreciation, which renders minimal insolvency risk.

- Meanwhile, Airasia’s inability to consolidate associate earnings/losses has been argued as not being transparent on its actual performance and creates a loophole for manipulation, although this is debatable. Regardless, in the scenario that it does consolidate all associates’ bottomline (and no lease profits), earnings will fall 32% and our fair value fall to ~RM1.80/share, which still entails reasonable upside from the current levels.

- In the worst case scenario that Airasia continues to lease out aircraft to associates for “free”, earnings could fall 58% and our fair value could fall to ~RM1.10/share, which would form the floor in our valuation scenario analysis.

- Considering the worst case scenario valuation of RM1.10/share against the current price of RM1.49/share (and consensus fair value of RM2.46/share, AmResearch: RM2.60/share), the market seems to have discounted substantial risk at the current levels. Risk reward now leans to the upside at FY15F PER of 7x and PBV of 0.9x.

Source: AmeSecurities Research - 7 Jul 2015

This one by local..... must be true

RM1.10/share... even lower than GMT



In the worst case scenario that Airasia continues to lease out aircraft to associates for “free”, earnings could fall 58% and our fair value could fall to ~RM1.10/share, which would form the floor in our valuation scenario analysis.

Source: AmeSecurities Research - 7 Jul 2015

So what?? AirAsia... cannot afford the RM 500m is it??

Wah.... SS having a field day...

Didn't get it from Fitch.. but got it from Indon minister

Not yet..... just spreading the words around to gauge the market... so would you buy or not?

Ya SS says Tony in HK marketing AirAsia RI... but Tony is actually in Malaysia

And... at a small size of only USD 100m

And... on a take it or leave basis

It will be issued at par... not listed... redemption earlier of IPO or 6 years from date of issue

Interest rate at 4%... convertible to IPO share at 1 to 1 at par


Would you buy this bond??

49% of 866m.. there ought to be change for AirAsia..

This is good... the moment of truth.. better to come sooner rather than later

Doing spreadsheets is one thing... being able to correctly call the likely outcome is quite another


As at now all and sundries are all sold out to GMTs suggestions.... and Tony has been sentenced to the firing squad.....


Is this call not a tad too pessimistic??

......bisa diuruskan....

So when are you going to justify why you don't sit more naturally among the morons... faster!!

I can say exactly the same about you you know that...you want to buy cheap

It is not that... it is about right or wrong

I would have said the same things no matter what

It is like I saying... from the way you post here MMSS I think you belong among the moron... please justify you are not...

I agree totally with Tony to be in a speak no more mode... to give any creditability to this BS

Report came out in 11 Jun... what can be done in this one month time... and really is there such urgency???

If every now and then someone like HNU Research etc etc come up with some BS and you have to answer... no need do business liao....

Doing spreadsheets is one thing... being able to correctly call the likely outcome is quite another


As at now all and sundries are all sold out to GMTs suggestions.... and Tony has been sentenced to the firing squad.....


Is this call not a tad too pessimistic??

At the rate this is going... don't be surprised when Obama who have spent time in Indon in his youth will have to step down because of GMT

My.goodness..... the GMTs BS.... is now putting the whole Indon country capabilities in doubt!!!

Can't take all Indon people as similar to the Indon maids la

Maids all from small towns... and not that educated

IAA is feeling the effect of the Indon plane incident... this negative will linger a bit but wont last

HaHaHa.. in Indon... everything is... bisa diuruskan

IAAs share capital is only USD 12m..... turned negative in the first 3 months of operation la

Having said that..................

the negative shareholders equity can be turned positive in an instant with the capitalisation of the amount due from IAA to AirAsia.....

turned positive and more in fact

not a test on AirAsia.... let's see the local JV partners... are they for real

People are all sold out to GMT's mere suggestions.... that only some real actions can turn the tide

Tony... on your mark get set GO GO GO....

Yes... let's know it early on.. is Tony for real or a pretender


1st test...................... July 31

This is good... I say it is high time to increase the small little share capital of about USD 12m

USD12m for an airline... seriously...


and......... you will see by then... the local JV partners are with financial means






hoongwei Last Friday, The Jakarta Post reported that 13 airlines, including IAA, had been given until July 31 to move their balance sheets into positive figures.

Failing to do so, according to Indonesia's Law No 1/2009 on aviation, will result in their operating permits suspended by the Transportation Ministry.

The other 12 airlines are Batik Air, Cardig Air, Trans Wisata Prima Aviation, Istindo Services, Survei Udara Penas, Air Pasifik Utama, John Lin Air Transport, Asialink Cargo Airline, Ersa Eastern Aviation, Tri MG Intra, Nusantara Buana and Manunggal Air.

http://www.theedgemarkets.com/my/article/%E2%80%98time-too-short-comply-law%E2%80%99

07/07/2015 10:23

people in this thread know O&G.. know Armada


.... the right time to push in....the right time to pull out

.... when to get in hard... when to get in soft

.... when to be deeply involved... when have to let go.....

the rhythm...........................

the rhythm...........................

Ya... indeed.. people in this thread know O&G

Don't let people post means you are in the dark

“We will start immediately...........” group managing director Tan Sri Ong Leong Huat said.


Indeed

WTI - 7.7% Iran