50k of profit in the pocket already. You r the man, Dorky!Hahahahahahahah!!

Looking at AAX now. An opportunity to buy if below 0.80 cent!

As mentioned Im not a greedy person. Will take profit if in my opinion the price is ridiculously at the high end as more sellers will emerge soon if AA is above 2.55 folks! My sell queue at 2.55 done taking a TP by Maybank IB into consideration.

Remember folks, Wellington bought back at 2.21 & 2.36 total above 15m shares! Careful now! Heheheheheh!!

Opportunity to buy will came again. Don't believe, just wait & see. Heheheheheh!!

Bought again at 2.43 yesterday folks & now disposing at 2.55. Tq u Dorky! Hahahahaha!!

Well I will take that as a compliment! Heheheheheheh!! Now the big question: Is there hope for Q1E?

As the weak 4Q13 fares carry over into 2014, Airasia will still experience an average 5% underlying yield compression in 2014, leading to a 26% core net profit decline.

To make things worse, Thai AA’s profit is likely to shrink, Indonesia AA’s losses expand further while ringgit & fuel price will still be volatile.

Thus, AA’s group core net profit to fall a massive 43% yoy in 2014. Careful now as share buy-back would stop AA share price from further decline to below Rm2.00 folks!

Folks, there aren’t many government-owned national airlines in the world. There is none in U.S. and such entities are becoming rarer in Europe. Sooner or later, that trend will spread to Asia, inevitably to Malaysia.

For the last 7 years, the national carrier has made three cash call exercise for the amount of RM7 billion only to accumulate losses RM4.1 billion in three years’ time.

So folks, should the company file for bankruptcy then operate under a new company and with the same name just what Japan Airlines and American Airlines did?

Quote:

Posted by spinninglotus > Feb 26, 2014 11:59 PM

Yes HJey, you are absolutely right. Airasia is forced to cut down aircraft delivery due to very bad results. Extra foreign exchange loss mean surge in loan denominated in USD...I already expected it for long time. The main reason why airasia is doing share buyback now is because Tony and his cronies bought airasia shares at very high price.

They are losing on paper now. In order to get their money back, Tony and his cronies use own company money to support airasia share price. Tony has lost a lot of money in his soccer team, he needs some money now haha.....

Unquote.


Interesting post, folks! Remember AA was an aggressive buyer when the share price took the beating on Malindo news. All of this raises the question: What do the CEO know that you don’t?

Now the bigger question: How long can TF sustain the current buying as Q1 2014 earnings will be worse affected by higher dollars & fuel price? How?

Its ok. I'm a happy investor able to profit from the massive selldown by local & foreign funds. Hope you folks able to profit soon. Heheheheheheh!!

Now the big question: how long can TF support & boost his stock price with AA money? Only when the tide goes out do you discover who's been swimming naked!

Careful now! Hahahahahahahah!!

Hahahahahahah... The fact that Q1E14 will be worst!

1. In Malaysia, forward loads for the remaining months of the first quarter of 2014 are higher than in the prior year with base fares slightly lower than the prior year.

2. In Thailand, tourism has been impacted by the country’s political unrest. The government decided to declare a state of emergency in order to enforce law and order and over 40 countries issued travel advisories which was the key element that affected tourism in Thailand. Forward loads in Thailand are lower than the prior year with average fares also lower than the prior year.

3. In Indonesian the upcoming elections in the second and third quarter of 2014 may put downward pressure on the Rupiah. The outlook for first quarter of 2014 is positive as forward loads in Indonesia are higher compared to the previous year with average fares slightly lower than the previous year.

4. In Philippines forward loads are lower than the previous year while fares are expected to be higher than previous year and previous quarter.

5. For the first time in memory, Malaysia AirAsia’s (MAA) 4Q profit was essentially flat qoq, despite the seasonal peak. 4Q13 core net profit was down 42% yoy despite an 11% rise in ASK capacity, as RASK fell 17% yoy to 14.36 sen on the back of weak pricing. The last time 4Q RASK was lower than this was in4Q09, when jet fuel was 40% cheaper.

Careful now! AA was trading below 1.30 in the 4Q09. Hahahahahahah!!

AirAsia Earnings Drop in Crowded Market - WSJ

Careful now, folks. It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. How?

Ok folks, Im out of AA. Sold 215k shares at 11 cents profit!

Airline industry is suffering from self-inflicted injuries. Aa’s poor results were not out of line with the shockingly weak results just announced by Mas and AAX.

Mking matter worse lower-than-expected profit of Thai AA and higher than forecast losses of Indonesia AA. How now? Heheheheheheh!!

CIMB TP2.40 - We keep our Hold call although the share price could come under pressure as long-term downside is limited.

So? Hahahahahahahah!!

Following our downgrades in earnings, our TP is also reduced from RM3.51 to RM3.01 based on an unchanged 11x FY14 PER - Kenanga

AA FY13 results were below consensus’ expectations, dragged down by unfavourable forex and higher finance cost. All these negatives are priced in, focus should be on FY14’s performance folks?

Hmmmmmmmmmmm..!!

Airasia board has approved a share buy back up to 10%! So what next, Tony? Buying more shares? Hahahahahahahah!!

Struggling Australian carrier Qantas on Thursday said it will axe 5,000 jobs in a major shake-up after a first-half net loss of Aus$235 million (US$210 million), warning of more pain ahead.

Who is next? Desperate times call for desperate measures folks!How now folks?

Struggling Australian carrier Qantas on Thursday said it will axe 5,000 jobs in a major shake-up after a first-half net loss of Aus$235 million (US$210 million), warning of more pain ahead.

Malaysia Airlines next? Desperate times call for desperate measures folks!Hmmmmmmmmmmmmm...!!

Maintained Hold with lower Target Price of RM2.22 -Hong Leong Investment Bank Research.

How folks? Heheheheheheheh!!

1. Revenue
FY13: 5.189b
FY12: 4.946b

2. Operating Profit
FY13: 1.021b
FY12: 1.027b

Finance Income
FY13: 64.208m
FY12: 79.391m

Finance Costs
FY13: (432.376m)
FY12: (378.808m)

3. Net operating profit
FY13: 653.104m
Fy12: 727.631m

Forex gains/(losses) on borrowings
FY13: (385.332m)
FY12: 145.425m

Forex gain/(loss) on amounts due from associates
FY13: 17.145m
FY12: (29.139m)

Gain on disposal of interest in Japan AirAsia
FY13: 78.265m
FY12: 0

Gain on disposal of interest in Thai AirAsia
FY13: 0
FY12: 118.640m

4. Profit before tax
FY13: 363.182m
FY12: 962.557m

Current Taxation
Fy13: (18.910m)
FY12: (18.245m)

Deferred taxation
FY13: 19.799m
FY12: (154.704m)

5. Profit after tax
FY13: 364.071m
FY: 789.608m

EBITDAR
FY13: 1.845b
FY12: 1.754b

EBITDAR Margin
FY13: 36%
FY12: 35%

EBIT Margin
FY13: 20%
FY12: 21%

If a business does well, the stock eventually follows. So folks, let see tomorrow how Mr. Market react to the FY13 statistics! Hmmmmmmmm..!!

AA's profit drops 19% on higher fuel, maintenance costs. Steps taken by AA:

1. Aims to reduce cost by 7.5 percent this year

2 To reduce the number of staff as more of its services will be automated

3. To defer 7 aircraft deliveries this year and 12 more in 2015

4. Proposes share buy-back of up to 10 percent of thecompany's paid-up share capital

How now folks? Heheheheheheheh!!

The Directors do not recommend any dividend for the quarter ended 31 December 2013! Time to sell? Hmmmmmmmmm...!!

The Group recorded revenue of RM1,354.0 million for the quarter ended 31 December 2013 (“4Q13”), 0.3% lower than the revenue of RM1,358.6 million recorded in the quarter ended 31 December 2012 (“4Q12”).

The revenue growth was supported by a 14% growth in passenger volume while the average fare was down 18% at RM158 as compared to RM192 achieved in 4Q12.

Ancillary income per passenger year-on-year decreased from RM42 to RM41. The seat load factor was at 85% 3 percentage point higher than the same period last year.

The profit before tax for the period was RM173.5 million compared to RM313.0 million in the same quarter of 2012 while the profit after tax for the period was RM245.4 million compared to RM303.4 million in the same quarter of 2012.

Good, fair or bad? Hahahahahahahah!!

Profit before tax: 173.522m
Current Taxation : (5.219m)
Deferred taxation: 77.054m

Profit after tax: 245.357m

Now how will the market react tomorrow? Hmmmmmm........!!

AA Q4E a profit at Rm245.357 mil folks! How?

WELLINGTON MANAGEMENT Acquired:
19/02/2014 1,533,100
20/02/2014 4,448,500
21/02/2014 1,620,000
24/02/2014 464,200

Will the Q4E be good, fair or bad, folks? Hahahahahahahah!!

Folks, Malaysia Airlines is more famous for being unprofitable than moving and shaking up the corporate world.

How can things get any worse for Malaysia Airlines than posting a net loss of RM1.2 billion for the 2013 financial year, more than double the previous year’s losses?

27% higher passenger traffic and still more losses? But why? The answer is pretty simple. Malaysia Airlines has been selling below cost!

‘Now everyone can fly’ used by AirAsia applies to Malaysia Airlines as well these days. Paradoxically the premium national carrier now comes with budget pricing.

The ongoing airline price war between AirAsia and Malaysia Airlines has done a world of good for consumers. What is worrying though, is that Malaysia Airlines is pricing itself out of profitability for the sake of keeping up with the competition.

Airasia India to fly soon!

View here: http://in.finance.yahoo.com/video/airasia-india-fly-soon-163026836.html

After Qantas who is next on the line? Time will tell!

QANTAS will slash at least 2000 jobs, dump some international routes and sell off planes as it races to secure its future through a government debt guarantee!

QANTAS will slash at least 2000 jobs, dump some international routes and sell off planes as it races to secure its future through a government debt guarantee!

Who is next? MAS? Airasia will prevail! Heheheheheheheheh!!

Mercury Securities head of research Edmund Tham said MAS will have to find a solution, such as raising more funds, or it will become too dependable on government bailouts.

One company insider said it is possible for MAS to go the JAL and American Airlines way but "there will be a lot of noise from the unions". He said the airline is unfortunate to inherit costs that it could not change.

"And while the Department of Civil Aviation allows a cabin crew of four to serve on a B737, MAS has to provide a crew of six as stipulated by the union. There are other inherited costs that MAS could not do anything about unless the terms are renegotiated," he added.

A senior law lecturer and consultant of a legal firm suggested that MAS follows the footsteps of Japan Airlines (JAL) and American Airlines and file for bankruptcy.

He said after filing for bankruptcy, MAS can still operate under a new company and with the same name, if the registrar of companies approves.

American Airlines and its parent company filed for Chapter 11 court protection in the United States Bankruptcy Court in November 2011 to cut costs and unload massive debt built up by years of high fuel prices and labour struggles.

MIDF head of research Zulkifli Hamzah said MAS will not be profitable in the next two fiscal years as market conditions are against its turnaround plan.

Hmmmmmmmm........!!

MAS may consider bankruptcy as troubled airlines that did it have re-emerged stronger, say analysts

When a company goes bankrupt, it implies that it has no choice. But in recent cases involving troubled airlines, they did so deliberately and have re-emerged leaner and stronger.

Some analysts feel that Malaysia Airlines (MAS), which reported a net loss of more than a RM1 billion last year, may consider such a route.

There you go folks! Airasia will benefit the most if this happen! How?

Responding to a statement posted on MAHB's website, the budget airline boss claimed that the national airport operator is evading the real issues of cost overruns and the three-year delay in completing KLIA2 which will serve as the country's low-cost carrier hub.

Earlier, MAHB said in its statement that they were instrumental in helping AirAsia achieve its success through a slew of incentive programmes, “despite it not being the airline that contributed the highest number of passengers or revenue”.

Fernandes today fired back, saying that the incentives given to his airline were well deserved as AirAsia had spearheaded growth in the local airline industry.

“Of course we got incentives to develop routes. It was a growth incentive. We got the most because we grew at incredible rates. But it's tiny compared to what MAB earned,” he tweeted.

Hmmmmmm...!!

AirAsia chief executive Tan Sri Tony Fernandes again trained his guns on Malaysia Airport Holdings Berhad (MAHB), calling the airport operator the “Kings of spin” over their alleged financial mismanagement and the delay in completion of KLIA2.

So how folks? Hahahahahahah!!

Remember folks, buy low sell high! Heheheheheheh!!

"The government has clearly said that FDI was for both existing and startup airlines. The matter was taken to court which also ruled that it was for the government to interpret the FDI rule. So all the objections have been disposed of, and once AirAsia meets all the requirements, it will be granted an airline operator permit (AOP)," said an official. AirAsia India (AAIPL) CEO Mittu Chandilya confirmed that the objections had been disposed of.

Airasia India has already got in-principle approval for importing 10 Airbus A-320 aircraft. How? Heheheheheheh!!

What Indian airline companies fear in AirAsia is that it combines the best of both the worlds. AirAsia is globally known for its short turnaround time (time between landing and departure), high on-time operations and low operating cost. The company is among the lowest fare as well as cost operator in the routes it operates on globally.

Indian airlines should stop complaining and fearing the new smart kid on the block, especially since it will benefit the customer, who, they say, is the king.

Look at Malaysia. AirAsia, which has grown to be the largest low-cost carrier in the region in 13 years, is now valued at more than 6.5 billion ringgit, overtaking MAS' market capitalisation of 4.7 billion ringgit.

So how folks? Heheheheheheheh!!

AirAsia closer to entering Indian skies as DGCA rejects objections. The Delhi High Court laso has thrown the ball back in the government’s court, saying the issue of FDI in airlines was a matter decided by the government and it had the right to interpret it the way it wanted to.

How now? Heheheheheheh!!

WAITING IN THE WINGS

Feb 20, '13: AirAsia announces three-way JV for a greenfield low-cost airline at an initial investment of $30 mn; JV is 49% owned by AirAsia Berhad, 30% by Tata Sons, 21% by Arun Bhatia’s Telestra Tradeplace

Mar 6, '13: Receives FIPB approval; formal approval follows on April 5

Sep 20, '13: Gets no-objection certificate from civil aviation ministry

Oct 4, '13: Files application for air operators’ permit (AOP) with DGCA

Jan 20, '14: DGCA seeks objections from public before issuing AOP

Feb 21, '14: DGCA disposes of objections, says AOP will be granted shortly on completion of formalities

What next, Airasia Korea? Airasia Japan? Airasia Hongkong? Only time will tell! Heheheheheheheh!!

Mismanagement and corruption factor

Although the airline industry is generally governed by the principle of “survival of the fittest”, it is important to note that airlines can not only be profitable – they can be highly profitable.

The classic case is Singapore Airlines. Another classic case closer to home is AirAsia.

Why have these two airlines, SIA and AirAsia, succeeded while MAS has flopped? It does not require rocket science or a Harvard PhD to explain this contrast in airline profitability.

It all boils down to the quality of management, productivity, operational efficiency and the ability to control costs.

Control of costs is not simply tied to obvious items, such as fuel or salaries paid to pilots and crew. It also crucially has to do with the procurement policies and practices of the airlines.

Unfortunately, the factor of mismanagement and leakages and corruption in MAS appears to be an off-limits subject in the mainstream media.

Read more here: http://blog.limkitsiang.com/2014/02/22/time-to-just-let-mas-crash/

Although the airline industry is generally governed by the principle of “survival of the fittest”, it is important to note that airlines can not only be profitable – they can be highly profitable.

The classic case is Singapore Airlines. Another classic case closer to home is AirAsia.

Why have these two airlines, SIA and AirAsia, succeeded while MAS has flopped? It does not require rocket science or a Harvard PhD to explain this contrast in airline profitability.

It all boils down to the quality of management, productivity, operational efficiency and the ability to control costs.

Control of costs is not simply tied to obvious items, such as fuel or salaries paid to pilots and crew. It also crucially has to do with the procurement policies and practices of the airlines.

Unfortunately, the factor of mismanagement and leakages and corruption in MAS appears to be an off-limits subject in the mainstream media.

How?

Time to just let MAS crash!

Should the government continue to bail out MAS?

The most recent losses bring its total losses to more than RM3 billion. In any normal business, any company incurring large and sustained losses would have closed down or gone into bankruptcy.

This has not happened to MAS yet, but I think the time is long overdue for the government to withdraw the open cheque book extended to the airline.

Read more here: http://blog.limkitsiang.com/2014/02/22/time-to-just-let-mas-crash/

Hahahahahahaha..!!

I'm also a happy man folks leaving Bombay Masalla restaurant! What a shame for MAS from a blue chip to penny stock unlike Airasia! Now airlines in India are terrify of Airasia.

Yes folks, Airasia the Gaint Slayer! What next? Hahahahahahah!!

The Directorate General of Civil Aviation (DGCA) on Friday dismissed a collective demand by private domestic airlines not to grant a licence to AirAsia (India) Pvt. Ltd, a joint venture between Malaysia’s AirAsia Bhd, Tata Sons Ltd and Arun Bhatia of Telestra Tradeplace Pvt. Ltd.

“Some operational formalities are left; in 15 days AirAsia should get its licence,” a top DGCA official said referring to the operational readiness of the airline that the regulator approved after overseeing the infrastructure of the operator.

So folks, Im already smiling holding AA at a profit. The big question: will AA give me an extraordinary smile from ear to ear for weeks to come? Yes definitely. Kudos to me! Hahahahahah!!

CIMB fair value for MAS at 0.14 folks. A penny stock? Hahahahahahah!!

India's Private Airlines Want AirAsia's Entry Blocked!

How now? Heheheheheheh!!

Bloomberg TV India‏@BloombergTVInd·4 hrs
Sources say, @tonyfernandes may visit #India to meet DGCA officials soon. Will iron out issues with DGCA regarding flying permit.

Hmmmmmmmm......! What will it be? Good or bad news? Hahahahahah!!