AirAsia Close To Restarting Japan Operations; 2014 Focus On India Market

• AirAsia looks set to restart plans for a Japanese unit after a partnership with ANA Holdings broke down in June last year. The Malaysia-based airline remains bullish on the Japanese market and has lined up local partner and plans to commence service in 2015. The new Japan enterprise will avoid Tokyo’s Narita airport to achieve lower costs which was the cause for the failure of the partnership with ANA.

• AirAsia will focus on establishing its India unit in 2014. Tony Fernandes, AirAsia’s chief executive officer said, “Indian government approval to have a low cost airline in a once closed market of 1.2 billion people is imminent with flights slated for as soon as March.”

• The budget airline will initially use 10 Airbus A320 single-aisle jets. It will focus on secondary markets in India in order to minimise airport fees and other costs. Tony added, “Acting as a trailblazer will give AirAsia a first-mover advantage, though it could ease the way for rivals as it works with government to establish the steps needed for an overseas carrier to win operating approval.”

Significance:AirAsia will apply a cost efficiency focus to the entire airline as it targets to reduce at least 7 percent operating cost across the group this year on top of a 5 percent cut last year. Similarly, ancilliary sales should grow 25 percent, with the plans added to the fleet.

Hmmmmmmmmm........we shall see, folks!!

EPF & Wellington from 10 Dec 2013 till 9 Jan 2014
Disposed: 72,768,736 shares
Acquired: 12,889,745 shares

10/12/2013
EPF: Disposed 621,600
Wellington: Disposed 9,820

11/12/2013
EPF: Disposed 169,000
Wellington: Disposed 641,800

12/12/2013
EPF: Disposed 375,400

13/12/13
EPF: Disposed 500,000
Wellington: Acquired 1,944,400

16/12/13
EPF: Disposed 4,687,300

17/12/13
EPF: Disposed 3,000,000

18/12/13
EPF: Disposed 3,700,000
Wellington: Acquired 299,200

19/12/13
EPF: Disposed 5,124,000

20/12/13
EPF: Disposed 5,000,000
Wellington: Disposed 1,734,010

23/12/13
EPF: Disposed 3,657,100
Wellington: Disposed 1,062,800

24/12/13
EPF: Disposed 2,646,700

26/12/13
EPF: Disposed 3,416,800
Wellington: Disposed 295,300 / Acquired 229,600

27/12/13
EPF: Disposed 7,565,600
Wellington: Disposed 1,138,300 / Acquired 144,800

30/12/13
EPF: Disposed 7,824,700
Wellington: Disposed 1,663,890 / Acquired 126,300

31/12/13
EPF: Disposed 2,870,900 / Acquired 845,100
Wellington: 3,557,759

2/1/2014
EPF: Acquired 1,470,000
Wellington: Disposed 2,590,057

3/1/2014
EPF: Acquired 1,917,400
Wellington: Disposed 2,723,800 / Acquired 1,209,800

6/1/2014
EPF: Acquired 2,000,000
Wellington: Disposed 3,379,200 / Acquired 16,300

7/1/2014
EPF: Acquired 1,000,000
Wellington: Disposed 592,200 / Disposed 1,001,745

8/1/2014
EPF: Acquired 500,000
Wellington: Disposed 1,265,700

9/1/2014
Wellington: Disposed 955,000 / Acquired 185,100

Well folks, substantial shareholders disposing more rather than acquiring. As for me, I bought when others were fearful from middle to end of december 2013.

So the big question: Will the CNY rally materialize? 2 weeks left!! Only time will tell!

Is TF a desperate person now? Why EPF & Wellington selling more at higher prices while buying less at much lower prices? FY 2013 going down the toilet? Hahahaha!

Time will tell!!!!!

AirAsia stock poised to take off: CEO

View here folks: http://www.cnbc.com/id/101344515

Time will tell!

Investors may have fallen out of love with Asia's largest budget airline, but the founder and chief executive of AirAsia said the indicators are there for its share price to recover.

"When people begin to look at it on a macro scale, then our share price will begin to return to where it should be. We're trading at NTA (net tangible assets) at the moment which is fairly ridiculous, our margins are still up there, our cash [flow] is very strong but we're in a good part of the world so we're optimistic," Tony Fernandes said.

Well I presume HJey will also be a winner if the CNY rally materialize! The big question: how big the angpaw going to be for the year of the "Horse"?

Hmmmmmm..!!

Regulated short-selling dated 9/1/14
Volume: 301,300
Value: Rm715,781.00
Avg prce of Rm2.376

Folks, short sellers sell stock they don't own with the belief it will fall in price in the near future. When the price drops, they can buy the stock at the lower price, pocket the profit and return the shares to the original owner.

So will there be more selling pressure coming soon? Will the short seller be successful bringing the price much lower? Time will tell! Hehehehehehe!!

HJey........hahahahahahah. You holding at a high price while mine very much lower! I will be a definite winner as already making $$$$$ at current price!

Remember, I'm greedy when others are fearful end of december 2013! Will there be a CNY rally? Just wait & see!

Affin: TP RM1.98
AMMB: TP 1.31
Kenanga: TP 1.25

If stock market experts were so expert, they would be buying stock, not selling or giving advice.

How? Hahahahahahah!!

The committee then called for an EGM to remove Tua Choon and Ah Chye as directors before they resigned from the board in a “gesture of goodwill”.

In a filing with Bursa last Friday, Benalec announced that Tua Choon had two weeks ago sold his entire 14.81% indirect stake in the company to the third brother, Datuk Vincent Leaw Seng Hai, and Ah Chye.

Vincent’s stake in Benalec subsequently increased from 15.34% to 23.71% and Ah Chye’s from 14.81% to 21.26%. Tua Choon ceased to be a substantial shareholder. The price of the shares transacted was not disclosed.

Ah Chye further granted Vincent, who is Benalec’s managing director and largest shareholder, the option to purchase at least 30% of his indirect interest in the company. Should Vincent exercise the option, his stake would increase to at least 30%.

In a separate announcement last Friday, Benalec said it offered its three independent non-executive directors — Aznam Mansor, Koo Hoong Kwan and Wong Yoke Nyen — options of 200,000 shares each at an exercise price of 78 sen. This is a 10.3% discount to Benalec’s share price of 86 sen on the offer date. Benalec’s shares closed 6.36% higher at 92 sen yesterday.


This article first appeared in The Edge Financial Daily, on January 07, 2014.

Benalec misses deadline to execute settlement agreement

Benalec had on Dec 4, 2013, signed a heads of agreement (HoA) with three parties that it had sued earlier — Datuk Leaw Tua Choon, Datuk Leaw Ah Chye and Tua Choon’s son, Leaw Yongene — to set out a framework to settle all legal suits, grievances, disputes and claims among them.

The company had announced to Bursa on Dec 4 that it had set for itself a month’s deadline to “finalise the detailed terms of a full and final global settlement of all disputes [between the related parties] and to execute the final settlement agreement.”

Benalec stripped the two brothers of their executive positions in October after an independent audit committee found “strong and compelling” documentary evidence linking them to two land disposal transactions in which they had links to the purchasing entities.

Careful now! Hahahahahahah!!

Benalec misses deadline to execute settlement agreement.

The deadline is over and Benalec Holdings Bhd has yet to execute, let alone announce, its final settlement with the parties it had accused of misconduct.

A source told The Edge Financial Daily that the settlement is being reviewed by the regulators.

“Bursa Malaysia has asked the company to furnish it with details of the settlement. It will be announced in due course,” said the source, who did not disclose a specific date by which Bursa would revert to Benalec.

How now? Heheheheheheh!!

Take profit or cut loss if you have too cos the local institutions are slowly & surely cashing out! careful now! Hahahahahahah!!

Tony Fernandes‏@tonyfernandes6h: Off on a roadshow with head of investor relations to UK, Europe and the US to show the tremendous value of Air Asia stock.

Will EPF sell or buy more? Hmmmmmmm!!

Will resistant level at 2.40 hold? Hmmmmm......!!

Reality is that the local funds are trying their level best to dump this share slowly & surely at above 0.850 but the big question; how long can buyers absorb the continuos dumping above 0.85? Remember folks, the share price is hovering near it year low at 0.845. Selling is a priority for the local funds as buying is not an option anymore.

Investors have shorts memories!! Hehehehehehe!!

"After an investigation done between May and September this year, independent auditors concluded that there were strong documentary evidence linking to duo to the land disposals. Benalec’s legal counsel determined that the deal constituted a breach of the terms of the service agreements of he two directors."

View here: http://www.theedgemalaysia.com/business-news/266413-benalec-brothers-call-a-truce.html

“But if the non-disclosure was material, especially if it resulted in secret profits, then it is quite serious. These issues remain whether or not the accused have resigned from their positions,” she says, adding that “a breach in regulations is something that the regulators ought to pursue even if the company has decided to drop the legal charges”.
In a statement to The Edge, Bursa Malaysia says: “We are looking into the matter. If there is any breach with regard to listing requirements, regardless of whether the company is taking action against the directors or they have resigned, we will carry out necessary follow-up action.”

View here: http://www.thebursatalk.com/benalecs-turn-suits-raises-eyebrows/

Remember folks, the local institutions are surely & slowly cashing out. So the big question; why not you? Hahahahahahahahah!! Investors have shorts memories!

Remember folks, the local institutions are surely & slowly trying to cash out above 0.850! But the big question, can the buyers absorb & keep the share price above 0.80 when there are still massive & continuous cashing out from the local funds? Careful now!

Yes HJey, I buy when others are fearful! Dare to dream? Who dares wins ! Hahahahahah!!

Folks, KWP is no longer a substantial shareholder of Benalec as now only holding less than 5%. So with too much of uncertainties e.g unresolved issues in the management & ability to secure new project now, will the share price be & stay below 0.80 soon due to continuos cashing out by KWP & other local institutions?

Careful now!

27/12/2013 - After the resignation of two former executive directors, Benalec Holdings Bhd expects to recruit professionals to fill in the gap that Datuk Leaw Tua Choon and Datuk Leaw Ah Chye left in the next six months.

Speaking to reporters at the sidelines of its AGM on Friday, group managing director Datuk Vincent Leaw Seng Hai said: “We are still in the process of looking for the right candidates and prefer (the company) to be professionally run.”

To recap, the integrated marine construction solutions provider had filed civil suits against Ah Chye, Tua Choon and Tua Choon’s son Leaw Yongene for secretly profiting and breaching their duties as well as obligations regarding certain land sale contracts with third parties in November.

Earlier this month, the company decided to drop the charges and had instead signed a head of agreement with them to settle all legal suits, disputes and claims by January 4, 2014.

“We are in the process of the settlement and look to resolve everything in early next month,” Seng Hai said, declining to disclose further information citing the confidential nature of the process.

@@Big funds will slowly & surely continue their selling! Careful now!!@@

Definitely will be below 0.80 & going to stay there for quite a long time. Remember folks, Tanjung Piai is also still uncertain. Comment from Research Bank:

1. CIMB: This is the second extension of the deadline. However, we are disappointed that no meaningful progress has been made since June 2013. In our view, the environmental impact assessment (EIA) approval could still be a factor in the delay. We also would not rule out political reasons. Though the stock is down 27% YTD, this news will further weigh on its share price as investors are likely to downplay the Tanjung Piai theme until any meaningful progress emerges in 1H14.

2. Kenanga: Risk - Further delays on the EIA studies for its Johor project.

3. AMMB: A key re-rating catalyst for Benalec lies with how fast it could monetise the embedded deep value of its Tg.Piai landbank. Management needs to start securing off-takers for Tg.Piai.

How now, folks?

Share prices took a beating due there too much uncertainties which have emerged after the poison letter. Now the share price is in uncharted territory. Will 0.80 hold? Careful now.

Will year low at 0.86 hold? Careful now! Heheheheheheh!!

No worries folks! EPF selling non index link counters like Airasia & Felda in order to support the FBM KLCI stocks. That is why the FMB KLCI is up! Year end window dressing for the KLCI!

Hope more selling pressure from EPF. I'm waiting! Hahahahahah!!

No worries folks! I 110% will buy when others are fearful! Hope can get more at lower prices when window of opportunity is open once again!

Wowwww...... Merry Christmas, folks! Will 0.88 hold? Remember folks, critical support level is at 0.86! After dividen ex date the share price will be much lower! Dare to buy? I will skip this counter as too much uncertainties!!

Careful now!

Will support level at 2.20 hold for today? Hmmmmmm.. window of opportunity is open again! Will the persistant selling from EPF continue? Can I buy at a much lower price? Well folks, I do hope so!

Hahahahahahah!!

Merry Christmas, folks!

Risks: Delays in project executions and higher than expected building material prices.

Will Tanjung Piai project still be profitable for Benalec after an extension for almost a year! Careful now! Big funds are not only slowly but also surely selling folks!

Will tshwong buy more when the big funds are fearful? Hahahahahaha!!

TF should not release the news too early. Let the funds sell more to bring the price lower!

How now? Hahahahahahahah!!

And now the funds are accumulating slowly & surely! Now the problem can I get more shares at lower price?

Now what having the last laugh? The believers or the non believers? Wakakakakakakakakakakakaka!!

Folks, you can view it from here: https://twitter.com/tonyfernandes

Malaysia airasia on target to get 2 million passengers in December. We never did 2 million in a month - AA 19/12/2013

Another record in the making? Heheheheheheh!! Bravo..bravo!!

Hahahahahaha...... what next?

Careful now! Will the weak support at 0.93 hold? Benalec in the process to make a new low soon? Risk comes from not knowing what you're doing! Hahahahahah!!

Malaysia has load factor of 93 percent. Never seen that in my time. Even when we had 2 planes. Can't wait for Klia 2 - AA 19/12/2013

How about that, KC Loh?

All of this raises the question: What do the CEOs know that you don’t? Am I right buying AA when others are fearful? Just wait & see. Hahahahahahahahaah!!

Can I get more at cheaper price? Bring it on! Heheheheheheh!!

When bad news stock price fall & I buy. When good news start to come uptrend in the making. You know why? Hmmmmmmmm!!

“I’m not there to manage the share price. I’m in for the long term. I would love to give my shareholders great value. If we continue to deliver good results it will come. I cannot see an airline that’s anywhere close to us,” TF said.

So folks, which would you prefer? AA or Benalec? I definitely will choose AA as managed by great management folks!

Hehehehehehehe!!

Will 0.930 hold? Making new low soon? Careful now! Hehehehehheh!!

Folks, am I buying a wonderful company at a fair & bargain prices? Just wait & see!

KLIA Low Cost Carrier Terminal grew by 14.1% handling 1.82 million passengers in October 2013.

So what about for the month of November & december 2013? Down? Folks, the wise things to do when investing is to use your head & not to follow your emotions! AA pax is on the uptrend!

How?

Dorky losing money because of buying at a much higher while selling lower. That why he hate AA, folks!

What a sad story! Risk comes from not knowing what he is doing folks! Hahahahahahah!!

Yeah.......I will buy when others are fearful. So EPF press the price lower so that I can accumulate more. Still got 50% allocation to buy AA.

Benalec I will skip, folks! Don't buy benalec when others are fearful. Warning.......beware of leakages!

Heheheheheheh!!

Benalec = Leakages!

Airasia = $$$$$$$$!

So folks, if there is a CNY rally which counter do you choose? Resistant at 2.27 is a pice of cake! How?

When there money to be made, AA is a must folks & not benalec! Do you agree, folks? Heheheheheheheh!!

Dorky, are you talking on your own experiences also? Buying at a higher price & disposed at a much lower price? Another sad story, folks! Hahahahahaha!!