Move over, Ryanair, the new low-cost model is Jetstar! Airasia?

Younger Jetstar Airways and its sister airlines operating in a different part of the world might have gleaned some valuable lessons from the doyen’s experience. A subsidiary of Australian flag carrier Qantas, Jetstar has made its mark not only domestically but also in New Zealand and across Asia with local partners in Singapore, Vietnam, Japan and soon Hong Kong. It is fast becoming the region’s favourite low-cost carrier (LCC), competing with AirAsia and Tigerair whose founding fathers included Ryanair. Ranked tops in Australia, Jetstar Airways was second to AirAsia for best low-cost carrier worldwide in the Skytrax 2013 survey.

Jetstar is spreading its wings across Asia as Ryanair has done in Europe. It is enjoying an Asian boom, posting double-digit passenger growth. Since 2009, it has flown 23 million passengers within Asia and 10 million passengers from Australia to Asia. However, as pointed out by Jetstar chief executive Jayne Hrdlicka, “low fares are just part of the story.” For too long while the going was good, competing on the lowest fares was everything for Ryanair. Price leadership has to be complemented by good products and services. Jetstar has identified “customer advocacy” as one of its drivers for growth. Providing a consistently good experience each time that a passenger flies is the surest way of attracting returning as well as new customers. It is the best advertisement that you can get.

Congratulations to AA as no flight cancellation on 07/11/13 to & from KLIA LCCT!

But world's strongest typhoon Yolanda (international codename Haiyan) slams into the Philippines. Typhoon Haiyan was rated as a category-five storm. Haiyan is expected to lose strength after leaving the Philippines and go on to hit Vietnam with wind speeds of up to 125 mph on Saturday and Sunday.

Philippines’ AirAsia and AirAsia Zest announced the cancellation of the following flights scheduled on Friday, November 8.

PH AirAsia and AirAsia Zest:
•PQ 7489/7488 Manila - Cebu – Manila
•Z2 272/273 Manila - Kalibo – Manila
•Z2 713/714 Manila - Kalibo – Manila
•Z2 354/355 Manila - Tagbilaran – Manila
•Z2 352/353 Manila - Tagbilaran – Manila
•Z2 350/351 Manila - Tagbilaran – Manila
•Z2 310/311 Manila - Iloilo – Manila
•Z2 384/385 Manila - Cebu – Manila
•Z2 771/772 Manila - Cebu – Manila
•Z2 330/331 Manila - Bacolod – Manila
•Z2 348/349 Manila - Cagayan de Oro – Manila
•Z2 340/341 Manila - Cagayan de Oro – Manila

So, will the weak rally continue?

Could the Fed really reduce the pace of its $85 billion-a-month asset purchase plan in December?

Only a week ago, many economists were confident that the first move would come in March or later. But doubts have emerged in recent days given a spurt of better-than-expected data. Yields on the benchmark 10-year Treasury note are higher than they have been since mid-October.

Fed officials have been talking about the outlook for monetary policy in recent days to a possible move at the Dec. 17-18 policy-making meeting. Will taper be next?

Will AA be any different from Ryanair?

Ryanair made no secret about flying the dollar and that everything else was baloney. Can you blame it that in its robust years it had not anticipated that this day of reckoning would arrive?

Among the measures to be introduced are: the return of allocated seating in February next year for a smoother boarding process and to enable families and other groups of passengers to sit together; the allowance of a small second carry-on bag, which will be a bonus compared to other low-cost operators; and a 24-hour grace period to allow passengers to correct minor booking errors, a far cry from the alleged erstwhile practice of faulting or penalising passengers on the slightest technical inaccuracy. It is a lesson learnt that in an increasingly competitive environment, customers do have a choice.

Something brewing causing management reshuffle at AirAsia?

1. Passenger Movements at KLIA Main Terminal & KLIA LCC Terminal
3Q13: 12,099,608 +23.1%
3Q12: 9,826,238

2. Aircraft Movements at KLIA Main Terminal & KLIA LCC Terminal
3Q13: 83,415 +17.9%
3Q12: 70,770

3. Estimated seats available 3Q13: 83,415 X *220(ave per flt) = 18,351,300

*AirAsia operates Airbus A320 which has a seating capacity of 180 passengers.
*AirAsiaX operates Airbus A330 which has a seating capacity of
377 passengers.
*Malaysia Airlines operates A380, A330, B737-800, B747 & B777 meaning average seating capacity of 320 passengers
*Other airlines A330, A320, B747, B777, B737 average seating capacity of 280 passengers.

4. Unoccupied seats (est) 3Q13: 12,099,608 - 18,351,300 = -6,251,692

5. How will AA & MAS fair this 3QE13 with oversupply, competitive air fare, free seat sales, rock bottom promotions, high jet fuel prices, high operating expenses, high lending rates & weak ringgit?

6. Remember folks, a LOSS of Rm19.917m without AA Japan sale gains! Will AAX IPO gains come to the rescue this time?

Only time will tell!

Will AA be any different from Ryanair?

Folks, Ryanair, Europe’s biggest low-cost carrier is beginning to feel that its hitherto successful modus operandi, hailed as a true budget model, may be finally running up against the wall. Surprise, surprise, surprise it is that the airline is talking about change, and more specifically in the department of customer service when previously it may even be said to have been sitting pretty comfortable and breathing arrogance about being labelled brusque, unfriendly and uncompassionate.

Reporting a net profit of €602 million (US$831 million) for the six months to end-September and despite an increase of 1% y-on-y, Ryanair yet again warned that profits are likely to fall for the full year. The airline reiterated an earlier exhortation about the numbers dipping as low as €500 million compared to last year’s €570 million, thus negating the gain made in the first half.

It is bad news that profits will fall despite an expected drop in fares by 10% over the winter months. Ryanair attributed this to “increased price competition, softer economic conditions and the weaker exchange rate.” As a result, the airline may ground some aircraft.

Remember folks, a small leak can sink a GREAT ship!

Something brewing causing management reshuffle at AirAsia?

Folks, yields will continue to be weak as the airlines battle for market share supremacy. Remember folks, ticket prices on selected routes (Kuala Lumpur to Kota Kinabalu, Kuching, Miri, Penang) are the cheapest ever in living memory and are priced below cost. In addition, cost pressure is intensifying, with airlines facing multiple cost headwinds in the form of rising fuel cost, weakening RM and rising interest rates which will raise aircraft financing cost.

All these factors contribute negatively to the airlines in maintaining profitability and which are finding it difficult to pass on the rising cost to customers. So how, folks? Will the weak rally continue?

Dark clouds causing the management reshuffle?

The yield declines of AA and MAS were uncanny given that other airlines in the region have only experienced three to 4% declines y-o-y in the same period. The yield decline is unlikely to abate anytime soon. Under normal circumstances, yield declines are limited to 3% to 5% during bad times. But folks, AA and MAS experienced severe yield declines of minus 7.8% and minus 8.4% y-o-y.

So how now?

Something brewing causing management reshuffle at AirAsia?

Folks, yields have collapsed in the aviation industry, a result of the price war that transpired among airlines in the 2Q13. Maybank IB Research said, although a fare war had been expected to occur in 2013, they were shocked with the pace and depth of the price war that transpired in 2Q13.

Remember folks, AA and MAS experienced severe yield declines of minus 7.8 per cent and minus 8.4% y-o-y. So will the 3QE13 be good, bad or ugly? Are you ready for the outcome? Will the weak rally continue?

Something brewing causing management reshuffle at AirAsia?

01 Month : High 2.970 (21-Oct-13) Low 2.580 (06-Nov-13)
03 Months: High 3.200 (12-Aug-13) Low 2.440 (28-Aug-13)
12 Months: High 3.540 (05-Jun-13) Low 2.440 (28-Aug-13)

Folks, AA trading more toward a year low or high? Could there be a mega-sale coming soon? Well folks, only time will tell! Heheheheheh!!

Something brewing causing management reshuffle at AirAsia?

To investors are you ready for the 3QE?
3QE: Beware of little expenses. A small leak can sink a GREAT sink!
4QE: Will AA be able to patch the leaks?

"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” - WB

Something brewing causing management reshuffle at AirAsia?

*The co-founders of AA will take more control and push on with cutting costs that have been a drag on profit.

*Tony Fernandes and Kamarudin Meranun had shifted their base to Indonesia and set up a regional office. They will mow move the regional office and merge its functions with Kuala Lumpur where net profit has tumbled 62 percent in the second quarter ended June.

Read between the lines folks. Will the 3QE be good, bad or ugly? Hehehehehehe!!



So how?

AA will report third quarter earnings on the week of Nov 18. Will the weak rally continue? Investors have short memories!! Hahahahahahahahahah!!

Something brewing causing management reshuffle at AirAsia? Remember folks, net profit has tumbled 62 percent in the second quarter ended June. How about the third quarter earnings, folks? Bad, good or ugly?

Will the rally continue? Hehehehehehheheheheheheh!!

Something brewing causing management reshuffle at AirAsia. Poor 3Q earnings due to stiff competition, high jet fuel price & weak ringgit?

The co-founders of AA said on Wednesday they will take more control of running Asia's largest budget carrier by passenger volume and push on with cutting costs that have been a drag on profit.

Will the rally continue? Careful now! Hahahahahahahahah!!

D7 0233 06/11/2013 09:45 PM PERTH-KUALA LUMPUR CANCELLED

QZ 8457 06/11/2013 09:30 PM BANDUNG-KUALA LUMPUR CANCELLED

QZ 8295 06/11/2013 09:20 PM SURABAYA-KUALA LUMPUR CANCELLED

AK 1061 06/11/2013 09:10 PM NANNING-KUALA LUMPUR CANCELLED

QZ 8208 06/11/2013 08:45 PM JAKARTA-KUALA LUMPUR CANCELLED

QZ 8206 06/11/2013 07:35 PM JAKARTA-KUALA LUMPUR CANCELLED

QZ 8451 06/11/2013 05:45 PM BANDUNG-KUALA LUMPUR CANCELLED

AK 1035 06/11/2013 02:45 PM GUILIN-KUALA LUMPUR CANCELLED

AK 1331 06/11/2013 01:30 PM BALIKPAPAN-KUALA LUMPUR CANCELLED

QZ 8397 06/11/2013 12:30 PM DENPASAR-KUALA LUMPUR CANCELLED

AK 1337 06/11/2013 12:15 PM SOLO CITY-KUALA LUMPUR CANCELLED

AK 1329 06/11/2013 11:20 AM BANDUNG-KUALA LUMPUR CANCELLED

QZ 8393 06/11/2013 11:10 AM DENPASAR-KUALA LUMPUR CANCELLED

QZ 8291 06/11/2013 09:50 AM SURABAYA-KUALA LUMPUR CANCELLED

QZ 8113 06/11/2013 09:45 AM U. PADANG-KUALA LUMPUR CANCELLED

D7 0173 06/11/2013 07:25 AM JEDDAH-KUALA LUMPUR CANCELLED

AK 1237 06/11/2013 10:10 PM KUALA LUMPUR-TIRUCHIRAPALLI CANCELLED

QZ 8458 06/11/2013 10:05 PM KUALA LUMPUR-BANDUNG CANCELLED

QZ 8209 06/11/2013 09:15 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8207 06/11/2013 08:20 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8452 06/11/2013 06:15 PM KUALA LUMPUR-BANDUNG CANCELLED

D7 0376 06/11/2013 06:10 PM KUALA LUMPUR-TAIPEI CANCELLED

AK 1060 06/11/2013 01:10 PM KUALA LUMPUR-NANNING CANCELLED

QZ 8398 06/11/2013 01:00 PM KUALA LUMPUR-DENPASAR CANCELLED

AK 1324 06/11/2013 11:55 AM KUALA LUMPUR-YOGYAKARTA CANCELLED

QZ 8394 06/11/2013 11:40 AM KUALA LUMPUR-DENPASAR CANCELLED

QZ 8292 06/11/2013 10:15 AM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8112 06/11/2013 10:10 AM KUALA LUMPUR-U. PADANG CANCELLED

D7 0202 06/11/2013 09:50 AM KUALA LUMPUR-GOLD COAST CANCELLED

AK 1034 06/11/2013 05:55 AM KUALA LUMPUR-GUILIN CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Folks, if a business does well, the stock eventually follows. Remember folks, in the business world, the rearview mirror is always clearer than the windshield.

Investors have short memories!! Hahahahahahahahahah!!

Folks, Rule No.1: Never lose money. Rule No.2: Never forget rule No.1. Will the rally continue? Careful now, folks!!

Folks if earnings deteriorates, you have price of stock declines. If you don't understand that is going to happen, then you are not ready, you won't do well in the markets.

So how?

The 3QE announcement will be out this month. Remember folks, jet fuel price was high while ringgit was low during the 3Q. Fasten your seat belt as bad weather ahead.

You will only find out who is swimming naked when the tide goes out.

Will AA rally? Remember folks, a small leak can sink a GREAT ship! 3QE will be poor. Careful now!

Will the selling continue? Remember folks, a small leak can sink a GREAT ship!!

Overdose: The Next Financial Crisis. Remember folks, all bubble do burst!

View here: http://youtu.be/4ECi6WJpbzE

Folks, lately the US Federal Reserve has finally explained that it intends (maybe, if conditions allow) to slow it's massive $1 Trillion per year bond buying/money creation program. Everyone in the world can plainly see that the Fed is way over it's head in moral hazards with it's overly-long-lasting zero interest rate policy, outright "monetization" (or financing) of a majority of the US Federal government's deficit spending using "printed money," thereby allowing for a continuation of chronic trade deficits, and inflating financial bubbles as far away as Asia.

It's likely that bursting bubbles in Asia will be the trigger for a larger world-wide financial bust: So folks, get ready for huge financial turmoil. Asian bubbles include: China's credit market bubbles (official and shadow markets), China and Hong Kong's property/debt bubbles, Thailand's property/debt bubble, Australia's property and debt bubbles, and inflated emerging market equity markets all threaten a similar repeat of the Asia Crisis of 1997.

When bubbles burst, banking system crises and currency crises are sure to follow. Lately the capital flight from emerging markets have already started and will aggravate the problems.

There are tons of bad loans. Expect more trouble to come as the government has spent, using government captive bank's credit, and year after year, in amounts equivalent to about 50% of their GDP on unnecessary and un-economic infrastructure projects. These loans will go sour. Bad loans are hidden but it is a sure bet that bad loans are a huge number. Expect more financial distress in EMs.

So will the rally continue? Another turmoil in the EMs? Only time will tell!

Folks, Asian stocks were range-bound in subdued trade on Wednesday as investors awaited further direction from global central banks.

The European Commission said it expected the euro zone economy to shrink this year by 0.4 percent, before recovering to grow by 1.1 percent in 2014. The gloomy forecast bolstered expectations for the European Central Bank (ECB) to cut interest rates when it meets on Thursday. U.S. third-quarter gross domestic product is also due on Thursday, followed by October non-farm payrolls data on Friday. Meanwhile, a stronger-than-expected U.S. service sector activity on Tuesday reinforced expectations for an eventual reduction in the Federal Reserve's monetary stimulus and led Wall Street shares to snap a two-session rise.

So folks, another turmoil in the emerging markets to come? Will the rally continue? Only time will tell!

Folks, Fed could be about to make a major policy change. According to an analysis from Jan Hatzius, chief economist at Goldman Sachs, the two Fed papers actually would imply an earlier reduction of QE than planned—perhaps as soon as December. Remember folks, markets shuddered in May when Fed Chairman Ben Bernanke suggested that the third round of QE was reaching an end.

So will there be another selldown in the EMs?

Malaysian companies may did well in terms of revenue growth in the three months ended 30 September, growing faster than they did in the corresponding quarter a year ago, and, indeed, faster than any quarter in the previous year. But folks, the profit could decline because of higher operating costs, high fuel prices and the volatile ringgit.

So how will this 3QE be? Careful now as a small leak can sink a GREAT ship!!

QZ 8457 05/11/2013 09:30 PM BANDUNG-KUALA LUMPUR CANCELLED

QZ 8295 05/11/2013 09:20 PM SURABAYA-KUALA LUMPUR CANCELLED

QZ 8208 05/11/2013 08:45 PM JAKARTA-KUALA LUMPUR CANCELLED

AK 5173 05/11/2013 08:40 PM LABUAN-KUALA LUMPUR CANCELLED

QZ 8451 05/11/2013 05:45 PM BANDUNG-KUALA LUMPUR CANCELLED

QZ 8162 05/11/2013 04:15 PM JAKARTA-KUALA LUMPUR CANCELLED

QZ 8397 05/11/2013 12:30 PM DENPASAR-KUALA LUMPUR CANCELLED

QZ 8393 05/11/2013 11:10 AM DENPASAR-KUALA LUMPUR CANCELLED

QZ 8291 05/11/2013 09:50 AM SURABAYA-KUALA LUMPUR CANCELLED

QZ 8458 05/11/2013 10:05 PM KUALA LUMPUR-BANDUNG CANCELLED

QZ 8296 05/11/2013 09:45 PM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8209 05/11/2013 09:15 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8452 05/11/2013 06:15 PM KUALA LUMPUR-BANDUNG CANCELLED

QZ 8163 05/11/2013 04:40 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8398 05/11/2013 01:00 PM KUALA LUMPUR-DENPASAR CANCELLED

QZ 8394 05/11/2013 11:40 AM KUALA LUMPUR-DENPASAR CANCELLED

D7 0172 05/11/2013 11:30 AM KUALA LUMPUR-JEDDAH CANCELLED

QZ 8292 05/11/2013 10:15 AM KUALA LUMPUR-SURABAYA CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Folks, most investors interpret an RSI below 30 as indicating that a stock is oversold — possibly providing a timing signal for a purchase but only if THE OTHER FUNDAMENTAL JUSTIFY DOING SO.

Of course AA is cheap for a reason and will stay cheap for months to come as theirs slumping profit margins remain a problem for stock market.

Investors have short memories!!

Will the rally continue? Remember folks, the worst is yet to come. Careful now!

WELLINGTON MANAGEMENT COMPANY

Disposed: 25/10/2013 74,800
Disposed: 29/10/2013 2,867,200
Disposed: 30/10/2013 1,141,400

What next, folks?

AirAsia, SIA caught up in India dispute

Indian courts have been asked to review proposed foreign airline investment deals in startup carriers.

Chief Justice N. V. Ramana and Justice Manmohan have now issued a notice to the Civil Aviation Ministry, Directorate General of Civil Aviation and others.

Two deals already proposed are between local business Tata Sons and Malaysia's AirAsia and Tata Sons and Singapore Airlines (SIA).

BJP leader Subramanian Swamy wants to block any new approvals/permissions/NOCs/permits contrary to applicable FDI policy and

DGCA guidelines, or granting any approval for foreign investment by foreign airlines in a greenfields airline project.

He also wants to quash any permissions already granted to AirAsia for its proposed Indian operations.

So how?

AK 5741 03/11/2013 09:35 PM TAWAU-KUALA LUMPUR CANCELLED

AK 1061 03/11/2013 09:10 PM NANNING-KUALA LUMPUR CANCELLED

QZ 8208 03/11/2013 08:45 PM JAKARTA-KUALA LUMPUR CANCELLED

QZ 8206 03/11/2013 07:35 PM JAKARTA-KUALA LUMPUR CANCELLED

QZ 8451 03/11/2013 05:45 PM BANDUNG-KUALA LUMPUR CANCELLED

AK 1035 03/11/2013 02:45 PM GUILIN-KUALA LUMPUR CANCELLED

QZ 8397 03/11/2013 12:30 PM DENPASAR-KUALA LUMPUR CANCELLED

AK 1337 03/11/2013 12:15 PM SOLO CITY-KUALA LUMPUR CANCELLED

QZ 8393 03/11/2013 11:10 AM DENPASAR-KUALA LUMPUR CANCELLED

QZ 8291 03/11/2013 09:50 AM SURABAYA-KUALA LUMPUR CANCELLED

QZ 8113 03/11/2013 09:45 AM U. PADANG-KUALA LUMPUR CANCELLED

AK 1655 03/11/2013 12:40 AM HONG KONG-KUALA LUMPUR CANCELLED

QZ 8209 03/11/2013 09:15 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8207 03/11/2013 08:20 PM KUALA LUMPUR-JAKARTA CANCELLED

QZ 8452 03/11/2013 06:15 PM KUALA LUMPUR-BANDUNG CANCELLED

AK 5740 03/11/2013 03:35 PM KUALA LUMPUR-TAWAU CANCELLED

AK 1060 03/11/2013 01:10 PM KUALA LUMPUR-NANNING CANCELLED

QZ 8398 03/11/2013 01:00 PM KUALA LUMPUR-DENPASAR CANCELLED

QZ 8394 03/11/2013 11:40 AM KUALA LUMPUR-DENPASAR CANCELLED

QZ 8292 03/11/2013 10:15 AM KUALA LUMPUR-SURABAYA CANCELLED

QZ 8112 03/11/2013 10:10 AM KUALA LUMPUR-U. PADANG CANCELLED

D7 0232 03/11/2013 08:50 AM KUALA LUMPUR-PERTH CANCELLED

AK 1034 03/11/2013 05:55 AM KUALA LUMPUR-GUILIN CANCELLED

View here: http://flight.klia.com.my/fids.aspx

"Malaysia Airports remain cautiously optimistic as there are considerable risks to the outlook. The recent unpredictable and adverse weather condition experienced globally and volatile oil price may dampen growth. The general load factor for international movements in September 2013 was 73.3%, 4.4% more than 2012. For domestic the load factor was 72.5%, an increase of 4.1% over 2012."

1. Passenger Movements at KLIA Main Terminal & KLIA LCC Terminal
3Q13: 12,099,608 +23.1%
3Q12: 9,826,238

2. Aircraft Movements at KLIA Main Terminal & KLIA LCC Terminal
3Q13: 83,415 +17.9%
3Q12: 70,770

3. Estimated seats available 3Q13: 83,415 X *220(ave per flt) = 18,351,300

*AirAsia operates Airbus A320 which has a seating capacity of 180 passengers.
*AirAsiaX operates Airbus A330 which has a seating capacity of
377 passengers.
*Malaysia Airlines operates A380, A330, B737-800, B747 & B777 meaning average seating capacity of 320 passengers
*Other airlines A330, A320, B747, B777, B737 average seating capacity of 280 passengers.

4. Unoccupied seats (est) 3Q13: 12,099,608 - 18,351,300 = -6,251,692

5. How will AA & MAS fair this 3QE13 with overcapacity, competitive air fare, free seat sales, rock bottom promotions, high jet fuel prices, high operating expenses, high lending rates & weak ringgit?

6. Remember folks, a LOSS of Rm19.917m without AA Japan sale gains! Will AAX IPO gains come to the rescue?

Only time will tell!

1. Passenger Movements at KLIA Main Terminal & KLIA LCC Terminal
3Q13: 12,099,608 +23.1%
3Q12: 9,826,238

2. Aircraft Movements at KLIA Main Terminal & KLIA LCC Terminal
3Q13: 83,415 +17.9%
3Q12: 70,770

3. Estimated seats available 3Q13: 83,415 X *220(ave per flt) = 18,351,300

*AirAsia operates Airbus A320 which has a seating capacity of 180 passengers.
*AirAsiaX operates Airbus A330 which has a seating capacity of
377 passengers.
*Malaysia Airlines operates A380, A330, B737-800, B747 & B777 meaning average seating capacity of 320 passengers
*Other airlines A330, A320, B747, B777, B737 average seating capacity of 280 passengers.

4. Unoccupied seats (est) 3Q13: 12,099,608 - 18,351,300 = -6,251,692

5. How will AA & MAS fair this 3QE13 with overcapacity, competitive air fare, free seat sales, rock bottom promotions, high jet fuel prices, high operating expenses, high lending rates & weak ringgit?

6. Remember folks, a LOSS of Rm19.917m without AA Japan sale gains! Will AAX IPO gains come to the rescue?

Only time will tell!

Folks, list of possible dates for the QE for Malaysia listed companies.

AirAsia Bhd Q3 Nov 18-22

AMMB Holdings Bhd Q2 Nov 5-8

Axiata Group Bhd Q3 Nov 28

British American Tobacco Q3 Oct 17

MISC Bhd Q3 Nov 25-29

CIMB Group Holdings Bhd Q3 Nov 18-22

DiGi.com Bhd Q3 Oct 28

Genting Malaysia Bhd Q3 Nov 26-29

Genting Bhd Q3 Nov 26

Hong Leong Bank Bhd Q1 Nov 11-15

Hong Leong Financial Group Q1 Nov 11-15

IOI Corporation Bhd Q1 Nov 15-19

Kuala Lumpur Kepong Bhd Q4 Nov 18-22

Malayan Banking Bhd Q3 Nov 21

Malaysian Airline System Q3 Nov 6

Maxis Bhd Q3 Nov 25-29

Petronas Chemicals Group Q3 Nov 7-10

PPB Group Bhd Q3 Nov 22-26

Petronas Dagangan Bhd Q3 Oct 31

Petronas Gas Bhd Q3 Nov 20-22

Public Bank Bhd Q3 Oct 22

RHB Capital Bhd Q3 Nov 19-22

Sime Darby Bhd Q1 Nov 29

Tenaga Nasional Bhd Q4 Oct 31

Telekom Malaysia Bhd Q3 Nov 29

UMW Holdings Bhd Q3 Nov 20-22

YTL Corporation Bhd Q1 Nov 19-22

All the best, folks!

Folks, most investors interpret an RSI below 30 as indicating that a stock is oversold — possibly providing a timing signal for a purchase, IF THE OTHER FUNDAMENTAL JUSTIFY DOING SO.

Remember folks, AA look overbought, over-loved and overstretched while no one can know when the inevitable correction will occur. So far AA has failed to stay above Rm3, ever wonder why folks?

Investors have short memories!!

Folks, don’t know which costume won first prize at your Halloween party, but the spookiest outfit on the stock markets are the many former stock-market bears who now dress as bulls.

The bears are turning bullish: David Rosenberg of Canadian wealth-management firm Gluskin Sheff, a longtime bear and doomster, has now turned more optimistic on stocks after sitting out much of the boom since 2009. New York University’s perennially gloomy business professor Nouriel Roubini — Dr. Feelbad himself — has also turned bullish.

The naive may think this is bullish news. “Look!” they say to one another. “Even the bears are turning bullish! Stocks have to be heading even higher — everyone agrees!” Folks, a bull market doesn’t peak, till the last bear turns bullish. That was the moment of final capitulation — when the final doubters got on board. After that happened, there was no one left to convert. Share prices then reflected widespread optimism — and the smart money got out.

And so we saw the slaughter of the dotcom doubters in early 2000, and the house mania skeptics in 2006 — only to soon after see them vindicated. Years on, a lot has changed, of course but don't you get a horrible feeling of déjà vu… all over again, folks?

Inveastors have short memories!!

Folks, stocks in Asia were mostly lower Friday after an official gauge of Chinese factory activity last month showed signs of weakness.

China’s manufacturing PMI rose to 51.4 in October from 51.1 in September, indicating expansion and edging ahead of economist expectations. But a closer look at the data, however, showed a sizeable gap between large and small manufacturers, with the later reporting a contraction in activity for the month. The momentum driving the increase is unbalanced,

Remember folks, pressure is rising on China to show it can maintain a recent stabilization of economic growth after a worrying slowdown in the first half of the year.

Folks, some of the dollar-borrowing represents a long-term bet on the appreciation in the yuan. But the biggest driver is the Fed’s massive quantitative-easing program, which pumps $85 billion into the global economy each month and which is creating easy credit conditions in foreign countries whose economic conditions don’t warrant them.

We’ve already seen the extreme volatility that the mere hint of a reduction in Fed bond-buying created in emerging markets over the 2Q – the Indian rupee, for instance, dropped 20% versus the dollar between the beginning of May and the end of August – as all the “hot money” spurred by previous rounds of QE high-tailed out those countries’ bond and money markets. Just imagine the damage when the Fed actually does something.

Remember folks, the Federal Open Market Committee is highly unlikely to acknowledge such concerns in it post-meeting statement. One that will almost certainly retain the $85 billion-per-month operation. But for the sake of global stability, let’s hope it is at least taking them into account for policy planning — that is, if it’s not already too late. Folks, only time will tell!

This is why defaults on foreign loans have often been the catalyst for Chinese credit episodes in the past.

Folks, the Fed is already facing a “difficult exit from very accommodative policy over the next several years,” much as it was also going through tightening process in 1997 until the Asian crisis disrupted it with the turmoil that was unleashed in world markets. “Financial instability in Asia” could produce even worse “blow-back effects” to large economies this time because the region “has stronger trade links to North America and Europe today than it had 15 years ago.

No one can say precisely how such contagion would play out. But for the sake of argument, we could imagine the Hong Kong subsidiaries of major European banks suffering heavy losses, for example, as one mainland Chinese debtor after another misses payments on foreign debts. And from there, it’s just one step before the euro crisis roars back to life as investors start worrying about the undercapitalized banks of the common currency region and their holdings of shaky governments’ bonds.

The foreign exposures to this Asian debt buildup aren’t trivial. In China alone, foreign lending now stands at about $880 billion. While that’s still only 8.5% of total Chinese debt, it’s way up from 5.3% in 2009, folks! What’s more, dollar debt has a magnified capacity to trigger a credit crisis because foreign lenders can ignore government directives to roll over bad debtors’ loans--unlike the state-run banks.

Folks, China the world’s second-largest economy, that deserves most attention. Despite the constraints imposed by capital controls, foreign currency loans in China grew by a whopping 35% in the 12 months to March. That’s more than twice the 15% growth in loans denominated in Chinese yuan — a pretty alarming statistic given how worried everyone has become about those yuan-denominated loans to construction-obsessed Chinese municipalities.

Much — but not all — of the foreign borrowing in China is funded by local banks with onshore foreign-currency deposits. It’s also likely that Chinese companies are using a large chunk of it to finance operations in offshore subsidiaries. That would mean much of the borrowing is never converted into yuan and therefore wouldn’t trigger Beijing’s capital controls. On the surface, this seems like a more stable situation than was the case in Thailand and Indonesia before 1997, when dollars were borrowed to finance local-currency expenditures, creating a mismatch that became unmanageable when the home currencies plummeted.

Will Malaysia able to avoid turmoil if it happened?

Folks, another Asian crisis may be brewing — courtesy of the U.S. Federal Reserve bond-buying, or “quantitative easing,” has made dollar-based loans so cheap that Asian companies are ramping up their borrowing in greenbacks.

Fear that once the Fed and the Bank of Japan eventually turn off their liquidity taps, rising dollar interest rates will leave these Asian debtors unable to pay back the money.

That should trigger uncomfortable memories of the debt and currency “death spiral” of 1997-98, when plunging local currencies fueled a crisis in Asia that spread financial contagion around the world. So what next, folks?

TNB registered a significant drop in its net profit for the fourth quarter of its financial year ended Aug 31, 2013 (Q4) from higher operating expenses and a loss in foreign currency translation. The net profit stood at RM219.4mil, which represented a drop of 79.3% from the RM1.06bil recorded in the corresponding period last year.

Folks, will AA fair better from the forex losses & high jet fuel prices in the 3Q13? Will the gain from the previous IPO of AAX help AA to be in the black again? Remember folks, gain on the disposal of interest in AA Japan helped AA to stay above breathing level (profit)during the 2QE13.

So will AAX ipo gain be better than the Thai AA ipo? Time will tell!!

D7 0171 31/10/2013 10:20 PM JEDDAH-KUALA LUMPUR CANCELLED

D7 0233 31/10/2013 09:45 PM PERTH-KUALA LUMPUR CANCELLED

AK 1238 31/10/2013 06:25 AM TIRUCHIRAPALLI-KUALA LUMPUR CANCELLED

AK 1330 31/10/2013 07:35 AM KUALA LUMPUR-BALIKPAPAN CANCELLED

D7 0170 31/10/2013 02:35 AM KUALA LUMPUR-JEDDAH CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Fed Will Do The Opposite Of Tapering - More Money Printing!

View here: http://www.youtube.com/watch?v=sSjIEKElnOA

Folks, the market is interpreting that there could be tapering in December, January or March.

So will there be another meltdown in the EMs, folks? Remember folks, the market is being supported by the Fed QE program. Careful now!

Folks, the U.S. dollar rose against the euro Thursday, adding to advances that followed the Federal Reserve’s statement indicating it still has plans to roll back monetary stimulus.

U.S. stocks retreated from records Wednesday as investors assessed a Federal Reserve statement that largely matched forecasts, but also had some Fed watchers saying a policy change could come sooner than expected.

Another turmoil in the Emerging Markets soon, folks? Time will tell!

Folks, the Fed's huge monetary stimulus program has pumped $2.8 trillion into the U.S. economy since late 2008. But rather than stimulate the economy, the flow of easy money has instead stimulated the stock market. As a result they are risking the embarrassment of another 1999 Fed induced/liquidity induced bubble.

A bubble could be forming in the U.S. stock market, including the recent poor performance of U.S. small caps, strong appetite for defensive sectors and the fact that bond yields were not rising in a way "that suggests the stock market is right about the future."

Careful now folks as the Fed's quantitative easing policy was leading to the formation of market bubbles. Will they taper soon to avoid the bubbles?