Careful now, only when the tide goes out do you discover who's been swimming naked!

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks!

KWAP is in process of doing that! What about you, folks?

Folks, AA will take to the Indian skies by February next year. The launch was supposed to take place in January but has been delayed now by a month as the airline has been awaiting operator's permit from aviation regulator, DGCA.

Indian aviation ministry has allowed the company to import aircraft. AA is now expected to import four aircraft in phase 1. AA's new airline in India plans to keep its operational centre in Chennai and is likely to operate in Southern India, initially.

Will AA be above rm2.40 tomorrow? Did you buy when others are fearful?

Going to be a volatile stock. Internal issue getting complicated as such will Tanjung Phai project be awarded to them?

Remember folks, the one running the show now are not the substantial shareholders. Selling pressure will emerge. Changing counter is the only option for institution funds now!

Careful now!

Will the 1 month low at 0.87 hold?

Can AA close above Rm2.40 tomorrow? Hmmmmm...happy investing, folks!

Oooops... KWAP!

EYEBROWS were raised when Benalec Holdings Bhd, which is controlled by the Leaw family, did an about-turn last Thursday.

Read more here: http://www.theedgemalaysia.com/business-news/267242-highlight-benalecs-about-turn-over-suits-raises-eyebrows.html

The beginning of the end?

The beginning of the end for Benalec? Will EPF dispose all their shareholding in the coming weeks?

Time will tell!

WELLINGTON MANAGEMENT Total Shareholding 231,486,193
Acquired 29/11/2013 136,400
Disposed 02/12/2013 661,500
Acquired 03/12/2013 8,391,470 (Rm2.45)
Acquired 04/12/2013 110,100

Employees Provident Fund Total Shareholding 264,005,500
Acquired 05/12/2013 400,000

Will the substaintail shareholders buy more at the current prices?

Will AA close above 2.40 for this week?

If you believe there will be a CNY rally will you buy? Buy when others are fearful, so?

Folks, is the time of maximum pessimism the best time to buy?

Time to buy when others are fearful? Would you, folks?

1. AA may decline after closing at the lowest in more than a week.

So "may" decline, folks!

2. A position can be liquidated as long as the stock stays below MYR2.40, with supports anticipated at MYR2.20 and MYR2.05.

Will it test the support level at Rm2.20, folks?

3. However, the stock’s failure to stay below MYR2.40 may reverse sentiment. Still, the upside bias will only be restored if it closes above MYR2.50.

So will AA be trading above 2.40 soon?

"The circular adds that a scheduled operator’s permit can be granted only to a company that is: registered and has its principal place of business within India; the chairman and at least two-thirds of the directors of which are citizens of India; and the substantial ownership and effective control of which is vested in Indian nationals."

The finance ministry official said the word “can” suggests that FDI in new airlines is allowed. “Existing airlines will anyway have domestic operation and a licence.”

Fear an unfavourable verdict on a lawsuit filed by Bharatiya Janata Party politician Subramanian Swamy pushing AA price down?

"The finance ministry filed an affidavit in the Delhi high court on Thursday in the Air Asia case, arguing that the foreign direct investment (FDI) policy for aviation that was approved last year was meant to allow foreign airlines to invest in both new and existing domestic airlines."

Will AA India able to get its air operator's permit in January?

Will the court verdict be favourable for AA? Time to buy when others are fearful? Will there be a CNY rally for AA?

Price is down waiting for the court verdict on AA India? Buy when others are fearful?

As reported on 30 Oct 20313: Defer decision on AirAsia till Dec 11, court tells government
http://in.news.yahoo.com/defer-decision-airasia-till-dec-11-court-tells-121006516--finance.html

Buy when other are fearful?

Folks, is this the correct time to buy when AA price is trading below Rm2.40?

Kukuman, EPF is doing that as a substantial shareholder!

Luckily the they are able to resolve the issue without the need of an EGM! The share price will be dragged much lower especially by EPF continuos selling if the issue take a longer road to resolve!

Without EPF as a shareholder the chances for them to secure Tg Piah might also be in doubt!

Their resignation should not be interpreted as admission of liability. But they can still be charged in court of law later if there is ground to do so. Dividend 2sen, EGM cancelled while management main issue has been resolved.

How will the investors react to the positive news tomorrow? Up or down?

EGM cancelled. Yes the company come first! That what EPF & other investors like to hear! With the announcement of resignation the internal problem has been resolved. Let the audit do their works if their any discrepancy.

A bonus: a Single tier dividend of 0.02sen!

Fundamental for benalec still intact, folks! The management has been taught a lesson by EPF to unreasonably low price!

Hahahahaha...AA a good prospect counter. Went in & out couple of times! Bought again on friday after selling it the same day. This time will keep it till CNY rally!

Hope no one bleeding & stuck catching a falling knife! Still on reserve gear, folks! heheheheh!!

Buy when others are fearful. The share price has been pushed unreasonably too low on friday, folks!

Did you manage to get some? Heheheheheh!!

Non syariah compliance stock!

2 of the top 20 shareholders:
LTH Tabung Haji: 90,000,000 shares - 10%
Zakaria Othman: 1,052,300 shares - 0.12%

When will they sell, folks? Careful now!

EPF List Of Top 30 Equity Investments Listed On Bursa Malaysia By Quarter As At 30 September 2013

No. Share % Holdings
1. Malaysia Building Society Bhd 64.74%
2. RHB Capital Bhd 41.25%
3. Malaysian Resources Corp Bhd 38.87%
4. Media Prima Bhd 17.11%
5. Shell Refining (FOM) Bhd 16.87%
6. MBM Resources Bhd 16.80%
7. Dialog Group Bhd 16.30%
8. Genting Plantations Bhd 15.65%
9. Alliance Financial Group Bhd 15.64%
10. UMW Hldgs Berhad 15.49%
11. Kuala Lumpur Kepong Bhd 15.45%
12. IJM Plantations Bhd 15.33%
13. CIMB Group Holdings Bhd 15.01%
14. Hong Leong Bank Bhd 14.49%
15. Digi.Com.Berhad 14.33%
16. Axis Reit Managers 13.98%
17. Sime Darby Berhad 13.93%
18. Petronas Gas Bhd 13.73%
19. Public Bank Bhd 13.42%
20. AMMB Holdings Bhd 13.36%
21. Malayan Banking Berhad 13.23%
22. UTD Plantation Berhad 12.79%
23. Axiata Group Bhd 12.59%
24. Malaysia Airport Holdings Bhd 12.51%
25. Tenaga Nasional Bhd 12.49%
26. Petronas Chemicals Group Bhd 12.49%
27. WCT Berhad 12.34%
28. KPJ Healthcare Bhd 12.12%
29. Sapura Kencana Petroleum Bhd 11.70%
30. Telekom Malaysia Bhd 11.59%

AA is not a problem for EPF provided AA can generate continuous stable returns!

Stocks that have removed from the official list of Shariah-compliant securities today might face selling pressure. Among the stocks that have been removed from the list are AirAsia, Bumi Armada and Media Chinese. Selling pressure may kick-in as investors with Shariah mandates rebalance their portfolio.

Investors with Shariah mandate are given 6 months from today to dispose of Shariah non-compliant securities provided the market price of such securities exceeds or equal to the investment cost. On the other hand, investors are allowed to hold their investment in newly reclassified Shariah non-compliant securities if the market price is below investment cost.

Folks, I will definitely buy again on any weakness! Would you? Buy when others are fearful! Cheers!!

Is AirAsia still Syariah compliant counter? Will there be another massive selling by syariah compliant investors?

Time will tell! Cheers!

Did you miss the boat to sell, folks? Hahahahaha.....the window to buy is open once again. Cheers!!

Why you should buy AA?

Following the expected completion of klia2 in May 2014, management expects demand for AA’s products to surge as the new terminal will have better connectivity (i.e. Express Rail Link) and amenities. In addition, management disclosed that it is currently in talks with Qatar Airways and Emirates to facilitate passenger interchange, thereby feeding passengers to/from AA’s network.

There you go, folks! Hope you didn't miss the train! Hahahahaha!!

Hahahahaah.......from the Q1 to Q3 earning results, rm3 will not be reachable for now!

USD/MYR 3.226 +0.007 0.22%

USD/THB 32.14 +0.07 0.22%

USD/IDR 11880.00 +125.00 1.06%

"Fuel cost hikes could be avoided only through fuel hedging but even when the global oil prices drop, we might still face losses," Datuk Kamarudin Meranun said.

If a business does well, the stock eventually follows! So far AA is doing the opposite! How?

AirAsia Group CEO Tony Fernandes, on his Twitter account, stated (04-Nov-2013): "Just finalised 3rd quarter numbers. Very pleased. 4th quarter looks very very strong. Costs down as well. 2014 going to be a big year."

But why aren't they buying aggressively like they did the last time AA took a beating? Tune bought a total 68,030,000 shares! All of this raises the question: What do the CEOs know that you don’t?

The verdict: Earnings below expectation with no dividend again in Q3! Remember folks, no dividend was declared in Q2!

Having said that at what price will be cheap & justifiable for Tune to start buying & supporting the share price again? Rm2.00?

Care to share your guess folks?

Malaysia's AA will take up to two years to realize a profit from its Indonesia and Philippine units, income that would help prop up eroding margins as Asia's largest budget carrier wages a price war at home.

AA, which has dominated budget air travel in Asia with explosive growth, is now struggling to boost earnings in its biggest market, Malaysia, where rivals such as national carrier MAS and Malindo Airways are slashing fares.

Competition is also affecting AA's Indonesia and Philippines units, which have yet to reverse combined losses of Rm203 million ($63.65 million) as of the second quarter!

CIMB: Target RM2.55 (Long Term: Neutral). Long Term? Downgrade from Outperform to Neutral and cut FY13-15 core EPS estimates 16-20% for lower yields. Our target price is also reduced, still based on 11x CY15 P/E, the sector average.

Nextrade: From the daily chart can expect Airasia to find support at the gradual uptrend line (SS) at RM2.45. However, the stock has been moving in a 2-year downward channel where the support is at the lower boundary (at RM2.30). If this support level (from RM2.30-2.45) cannot hold, Airasia will test the psychological RM2.00 mark. Below that, it may test the long-term uptrend line support at RM1.60.

So folks, at what price is a bargain? At what price will you buy? And at what price will you take profit?

After the management reshuffle:

1. Dato' Kamarudin Bin Meranun Acquired 14/11/2013 1,000,000 at 2.545!

2. AirAsia Group CEO Tony Fernandes, on his Twitter account, stated (04-Nov-2013): "Just finalised 3rd quarter numbers. Very pleased. 4th quarter looks very very strong. Costs down as well. 2014 going to be a big year."

Giving false hopes? Hoping others will buy to cushion the selling pressure? But why aren't they buying aggressively like they did the last time AA took a beating? Tune bought a total 68,030,000 shares!

All of this raises the question: What do the CEOs know that you don’t?
The verdict: Earnings below expectation with no dividend again in Q3! Remember folks, no dividend was declared in Q2!

How now?

On the 2nd day after the Q3 earnings annoucement Wellington Management Company:

Disposed 22/11/2013 3,693,400

So will there be further selling this week? Time will tell!

The next dat after the Q3 earnings annoucement Wellington Management Company:

Disposed 21/11/2013 1,919,068

In the business world, the rearview mirror is always clearer than the windshield.

On the day pending Q3 announcement Wellington Management Company:

Disposed 20/11/2013 2,850,000

All of this raises the question: What do they know that you don’t?

Before Q3 earnings annoucement Wellington Management Company:

Disposed 19/11/2013 2,153,885 & Acquired 19/11/2013 2,843,500

How?

Why hang on to shares that are depreciating? Hoping the shares would pick up again? But this is a very practical way to see your money melt down like a burning candle.

What a pity & expensive lesson learned though! Hehehehehhe!

Will 2.40 hold?

Investors become emotionally attached to a stock and overlook the company's shortcomings. Whatever the reason loving a stock, separate your emotions from the hard reality before it become as expensive lesson! Are you one of them? Hahahahahahhaha!!

Folks, someone bleeding badly from AA, here! Care to share with us here your story? Heheheheheh!!

Can 2.39 hold? Look like the stock price relentless tendency to regress towards its long-term mean. New low again in the making? Hmmmm...time will tell!!

Price Performamce:

01 month
High: 2.84 (28/10/13)
Low : 2.36 (25/11/13)

03 months
High: 2.97 (21/08/13)
Low : 2.36 (25/11/13)

12 months
High: 3.54 (05/06/13)
Low : 2.36 (25/11/13)

Historical High: Rm4.00

The ringgit eased further to open lower against the US dollar this morning on sluggish external sentiment. At 9.25am, the ringgit was quoted at 3.2210/2240 against the greenback from yesterday's 3.2190/2220.

The ringgit weakened as bearish data from the US raised concerns over the possibility of the Federal Reserve tapering their asset purchases sooner, rather than later.

Another turoil in the making in EMs? Careful now, folks! Heheheheheh!!

I find this change in people’s attitudes very interesting, and it’s more than simply taking profits off the table.

When I tell people that stocks are trading on corporate profits, their response is how much longer can business make money if consumers’ buying power is so poor and unemployment is so high. Besides, there is little inflation out there to goose business sales and earnings numbers.

When I mention how easy the Federal Reserve’s monetary policy has been, their reaction is that the Fed is reportedly ready to take the punch bowl away by reducing the amount of money it is injecting into the bond markets.

And when they are not complaining about the dichotomy between profits and the rest of the economy, or less ease emanating from the Fed, investors are griping about what goes (and doesn’t go) on in Washington. I am referring to partisan politics, Obamacare and the government’s attitudes towards the big banks.

Investors’ fear du jour is that, when the next crisis arrives, the big banks won’t be interested or able to help the government bail out the smaller weaklings, certainly not after the way several big banks have been treated by the powers that be.

None of these issues is conducive to getting a good night’s sleep. So don’t be surprised if it’s the small investor who bails out first, leaving the big institutional investors holding the bag, instead of the other way around.

By Irwin Kellner is MarketWatch's chief economist. Follow him on Twitter @MktwKellner

As the U.S. stock market logs record highs day by day, some investors are beginning to worry that a correction may be nigh. It’s like they’re worried that at today’s levels, stock prices may be too much of a good thing.

In the past few days, a number of people have asked the same question: How much higher can this market go, especially when the economy is punk, to put it mildly? To put it another way, they are asking whether it time to sell.

You can’t blame people for being cautious. From its low point in March 2009, the Dow has more than doubled — it has jumped more than 22% this year alone. By contrast, the economy has barely grown by 10% during this entire time.

To think about selling is an interesting sign. Usually, in a bull market such as this one is presumed to be, people ask for tips on what to buy. Now, people want to know when they should sell!

So folks, in EMs foreign funds are exiting? Have you ever asking yourself why? Could it be Fed taper, China PMI dipping & stock market bubble about to pop?

Only time will tell!