On the other hand.... PN17 ehh...

So OLH is claiming this personal assets injection was originally cooked up cos he was worried that post disposal of RHB.. OSK will go the way of Jobstreet... Emmm.... but capital repayment out of the sale proceed like Jobstreet would be ok what..

Or... maybe he just BS la.. maybe just an afterthought this....

Well.... anyway... whatever... good thing is that with or without that mega bank thinghy.. OSK still have the cash to pay the special dividend..

The approval for the injection of OLH's personal assets into OSK will be out very soon... might just well be now that the AGMs are over...

Is it a coincidence after all the AGMs?? to save OLH from all the pissed off shareholders of OSKP and PJD face to face?? Cannot be la huh.. that would mean OLH is way too powerful...

So.... what is new??

Calvin...

Have 1Q for you.. hope you can be my GPS

If I have like only 6 hours but want to tour the whole of Iskandar.. how should I go about it?? What places should I take a look??

Coming from KL...kindly provide starting point... next.. next... next... to ending point

Use the most efficient routes.. tolled roads are ok.. and if possible also have the opportunities to have some good local foods

TQVM

Sell AirAsia for WEAKENING RM PLAY


USD foreign funds, tons of them in AirAsia, are doing a WEAKENING RM PLAY.... which is sound


According to Macquarie Research RM 3.98 to a USD by SEP 15.

So. sell now (in fact started earlier)..... get RM 3,600,000... change to USD 1.000,000

Come SEP... change that USD 1.000,000 to RM 3,980,000... Buy back

Gain on forex alone is 10.6%


Weakening RM play is sound... BUT.... is getting lesser and lesser so...



What does this mean?

A currency strategist Suresh Kumar from CIMB feels that it is a sign indicating that the foreigners are not pricing in a depreciation of the ringgit against the US dollar. If they had, the yields would have been closer to what the ringgit papers were trading at.

http://www.thestar.com.my/Business/Business-News/2015/04/18/Optimism-on-the-Ringgit/?style=biz

This is opposite Macquarie Research's 3.98 RM to a USD by SEP 15...

Buy AirAsia for LOW JET FUEL PLAY

You.. ikan bilis... are doing a LOW JET FUEL PLAY.... which is sound


According to results....

Aircraft fuel expenses for 2014: 2,254,237,000

Say, fuel consumption remains more or less the same and say, the average jet fuel price has dropped a mere 25% (vs 50% for crude.. easier la like this no need to really know how many % is hedged at how much... a drop of 25% is reasonable)
So... 2,254,237,000 × 25% = 563,559,250 ie saving for 2015 roughly

The saving due to low fuel price for 2015 would be RM 563,559,250.... a bloody big figure no matter how you look at it


AirAsia's low jet fuel play is sound... and the reason for all the IBs' Buy call

And....

What is dramatically for Tony the international influencial man???

100,000,000... 500,000,000... 1,000,000,000... He ain't a small fly who is easily impressed you know

lee

That expection was based on..

..... adding that the online transactions made via UnionPay International had hit more than 10 million yuan before the.... BEFORE


And... the fact that there are billions of people in China...

You know.. there are so many cities... provinces... in China with population bigger than the whole of Malaysia??

KFC money got liao...

AirAsia... China... Sales boost DRAMATICALY!!


http://www.thestar.com.my/Business/Business-News/2015/04/16/AirAsia-sees-sales-boost-after-tieup-with-UnionPay/?style=biz

You have nailed it ... you have nailed it Congratulations

Of course... this is not to be confused with... you ain't gonna make no profit investing in AirAsia... just that you have to pick up what Yellen has dropped ie PATIENT!

'em Americans just wanna go home....

Don't wanna play liao..

Wait for the retreating Americans la...

Now... everyone called BUY!!


The fluctuation in AirAsia's results is marginal will be marginal

Yet....

The fluctuation in AirAsia's price is not...... ?????

The beginning is near.......

HaHa... Have been busy looking for AirAsia's Black Swan...

EPF have been... thru its third party investment agents... trading a lot since last year... and have been able to pay impressive dividend


This coupled with foreign funds going in and out have caused the prices of some counters to swing widely and wildly...


Trading is based on TA... eventually.. prices should settle to FA...

Foreign funds


Old QE.... USD funds are leaving... 2% upto 15 March for AirAsia


New QE... EURO funds... EURO funds... are they the ones who came in and pushed up the CI to around 1850 in the last few days?? And... yet more to come???

...... the flight of foreign funds. As a result, its foreign shareholding has come off from its historical peak of 62.9% in January-15 to 60.9% in March-15.

Kenanga Research


2,783,000,000 × 2% = 55,660,000 dumped upto March-15... should be more in April upto now...



This.. to me... all along... is the reason that has caused AirAsia price to drop so much... and...IMHO.. it is not related to AirAsia's fundamentals but expectation that the RM:USD will go to around 3.98 by September.... presumably when Yellen does the interest rate

Latest insight of Kenanga which have the lowest TP at 2.55 for AirAsia....

FY14

...disappointed on its FY14 performance due to higherthan- expected fuel cost arising from hedging losses

1Q15

1Q15 results are also expected to be weak due to....

...generally weaker travel sentiment...

...higher living cost....

...the lack of promotional activities after the QZ8501 incident.

Later.....

... potential threats from new entrant FlyMojo

Kenanga Research



See anything that should cause AirAsia price to drop like a one ton rock??

EPF has recently rewarded its third parties investment agents 250 millions

Do not know how EPF do the calculation..

Say..... if an agent traded on a counter and in the process caused the price to drop... but made 1,000,000 in its account for EPF....

But.... EPF's own holding in that same counter suffered a loss of 35,000,000 in that process by the agent that caused the price to drop...

EPF actually made a paper loss of 34,000,000.... so should that agent be rewarded????




EPF via its agents is trading AirAsia..


http://www.bursamalaysia.com/market/listed-companies/company-announcements/1930285

AirAsia selling airplanes to its leasing arm... with a plan to list it

AirAsia selling 25% of Expedia...

Still...... still waiting for smart insights on the reasons for the sharp drop in AirAsia's price.

Surely there must be some smart people here... come on.. do share

Ok... things may have hit my blind spots

Do tell why it will go down to 1.50..?

Ya... the Wellingtons.. the support

I am gonna increase my investment in AirAsia to 4x the original... good advice on diversification is now out of the window...

Many a TA target prices have been called... but seems like foreign sellers are messing them up o

Support leh?? At this moment people are more worried about it dropping some more ler

Support leh??

Shaz I am just ventilating la I am ok la TQVM anyway ; )

Anyway besides a good firm facial massage... there is nothing that a retail therapy cannot cure...

I foresee finally making money here... so I am gonna go spend first HaHa

Bring it on.... I am waiting

Investment in AirAsia is 3x the original intended size liao... but bring it on... I am waiting for you Bring it on!!

But WTF let't get it over with... whatever selling you still have.. bring it on now!!! Now!!

This -26% in 2 months drag is souring the mood and messing with the complexion... Facial not cheap you know..

At the moment.... it looks like they are bent on leaving o...

Hope not..... but can't rule out if they are bent on leaving.... not matter what

A slow motion limit down to 2.058... is in the work?

Foreign funds firmly believe in Macquarie that RM vs USD will be 3.98 by September....

; )

Macquarie has forecast RM vs USD will be 3.98 by September.... Another someone which I can't remember the name 4.00 by year end...

VS VS VS

weaker-than-expected March payroll numbers in the U.S diminished the risk of an early interest rate hike by the Federal Reserve. That is a dampener on the dollar....



Foreign funds who had sold and caused the 25% drop in AirAsia over the last two months... may now find themselves wrong footed.... and their bets masuk longkang


Will they be back soon??

After all a 1 or 2 or 3 months delay by Yellen is a long long time for traders... especially carry trade traders


Will they be back soon with devastating effect?? Positive devastating effect this time...

Yo... Shazza

Looks like traders have taken their few sen profit and left... we shall hang around for bigger ones

Look at the Trending Now... and you know there is keen interest on AirAsia... most likely the silent maximising profit type waiting for AirAsia to drop some more

When AirAsia started moving up they will jump in

OLH spends all of his life in the finance and banking industry

This assets injection thihgy cooked up by him is a kacang putih to him... foresee no problem for him to get SCs OK

Suddenly there is an article on what OLH eats for lunch...

And... on how hard working he still is at 71...

Speculation is.. he is busy tying things up.... inclusive of or mainly this assets injection thingy I suppose.... before leaving them to his sons or daughters to run

Oh ya the mrs name is also Moi....

O.o

Only 2.46... thought I am coming across as the desperado who have bought at at least 2.80...

No la my cost is 2.3+ la... being the 1st batch who have gone in at about 2.40 and the 4th batch around 2.2+.... in fact I did get some at 2.2

Got profit last week ler... but before I ended smiling it was all gone.... : ( But sure it will be back... low oil price play.. remember low oil price play.. still very much alive

Hujan renyai renyai....


What has happened in Thailand was no doubt part of the legacy of Yinluck vs the general... yellow and red crashed as they would if you wear them at the same time.... when chaos reigned... but things have came to pass over there and that small little problem will soon be settled by the Thai government... no doubt..


Hujan renyai renyai....

Having said that.... even when AirAsia was hit by its most recent unforeseeable... i.e. the Indon mishap.. its price went to its lowest at 2.49.. now it is lower than that.. wassup???

A healthy dose of scepticism I see.... ; )


However, in AirAsia case its results announcement are always very transparent and very detailed... with the yields with the loads with the average cost of jet fuel with the blah blah blah..... hence facilitate the results calculations... hence making the FVs by the IBs rather accurate

Of course if you are hit by the unforeseeable then too bad lo... unforeseeable are unforeseeable ler

Rating

Buy

Positives

1) Sustaining lowest cost LCC operator in Asia with largest network and strong brand name; 2) Low jet fuel price; 3) Increasing ancillary income; and 4) Routes rationalization of major competitor MAS.

Negatives

1) Higher cost of living faced by consumers (from GST implementation); and 2) Regional air-demand slowdown and political issues.

Valuation

Maintained BUY with target price of RM3.30 based on unchanged 10% discount to SOP.

Source: Hong Leong Investment Bank Research - 3 Apr 2015


http://klse.i3investor.com/servlets/stk/5099.jsp

http://klse.i3investor.com/blogs/bfm_podcast/74035.jsp

In the meantime.... AirAsia is working on 2.56.... from 2.30..... 0.26 to go

shareprofit:

you were freaking outright irritating when you got your fact wrong and kept asking Tony to sack the EX CFO... for 7 8 times.. ok

you thought you clever but everybody was like: Who the hell is this big I ??

And..... just ignored you

Beware Beware Beware....



Hapuskan AEDES sblum kita dihapuskan!

Kill AEDES b4 it kill us!

2015-85ppl died, >30k hospitalized.

Join on 4/4 to stop this.

facebook.com/T2Fight

Beware Beware Beware


Hapuskan AEDES sblum kita dihapuskan!

Kill AEDES b4 it kill us!

2015-85ppl died, >30k hospitalized.

Join on 4/4 to stop this.

facebook.com/T2Fight