Once clear, target next resistance level

Huge resistance at 1.35

TF & KM sapu-ing now....

Oil price drops a lot today

AA moves in tandem with KLCI. Hopefully tmr is a green trading day

Too many bad news on AA:
AA India regulatory issue
AA Indonesia regulatory/financial issue
AA Phiippines financial issue
And now this... but this is pretty negligible la

Wow. V shaped chart

AA had already made a big provision in Q4 2014. Unlikely to have another bad provision...

Only catalyst now is very good Q2 result to be announced in end August. Any statement/clarification by AA does not seem to work.

Tony Fernandes ‏@tonyfernandes 7h7 hours ago
Cash extremely strong. I confirm one more time for equity investors who read garbage. NO Rights issue.

But points wise, not 1997 leh. Drop not even 1%

1997 affects entire stock market, not it is only AA bearing the brunt.
That's a big difference ok.

TSTF should stake part of his fortune to gobble up AA share to restore investor confidence.

As of now, GMT wins. TF loses.
Moving forward, who wins?

GoldenShares sounds like TF

Indonesia Ministry of Transport has issued notice to 13 Indonesian airlines (including Indonesia AirAsia- IAA) to improve their balance sheet equity into positive territory and increase paid up capital to IDR500bn by end July 2015 or else risk the suspension of their airline operating permits. The move was to ensure that local airlines have sufficient capital to maintain reasonable safety standards, in accordance with Law No.1/2009 on aviation.

Downtrend

Revise down queue price for tmr.

Queue 1.48 for tmr! !!

GoldenShares, you so confident of AA? You bought at high price but keep buying when it goes lower and lower.

Big volume gobbled down at 1.50 just now

Huge buy and sell queues keep disappearing...Big fishes lurking around?

Ban lifted la

Time to lock in some profit and looking to buy lower than my selling price done today in tomorrow's session.

Really Casino de Air Asia today.

What a roller coaster ride.

Look at the queue. It is CRAZY

DAMN. Big volumes sold just now.... thought stabilizing dy.

Mat Cendana, looks like most of the selling pressure is gone. Stabilizing already?

Tighten your seat belts. AA is speeding up.

AA casino today. Big swings down down down up down up down

V shaped recovery coming?

http://www.bloomberg.com/news/videos/2015-06-16/airasia-ceo-says-stock-to-recover-after-hysteria-calms

Wise words Mat Cendana. I jumped in too early based on my logic and now I am sitting on massive unrealized losses.

You're damn right Mat Cendana. There is no logic in share market.

Aviation
AirAsia eyes up to $300 mln bond issuance, jet sales to raise funds - CEO Fernandes
By Reuters / Reuters | June 15, 2015 : 10:11 AM MYT
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SINGAPORE (June 15): Budget carrier AirAsia Bhd (Financial Dashboard) is planning a convertible bond issue of as much as $150 million at each of its Philippines and Indonesian associates, and may sell and lease back up to 20 aircraft of the group's fleet this year, group chief executive Tony Fernandes said in a letter to investors.

"Some of the details here are still work-in-progress but what is written will more or less be reality. Due to the recent movement in our share price, we are sharing the details with you earlier than planned," CEO Fernandes said in the letter, sent on Monday, of which Reuters obtained a copy.

AirAsia officials had no immediate comment on the letter.

The comments from Fernandes on raising new equity came after Hong Kong-based GMT Research issued a report last week questioning AirAsia's accounting practices, accusing it of using transactions with associate companies to boost its earnings.

AirAsia's shares fell 2.2 percent on Monday, after hitting a five-year low on Friday.

Hot Stock
AirAsia falls 1.65%, but analyst says selldown overdone

By Surin Murugiah / theedgemarkets.com | June 12, 2015 : 9:52 AM MYT
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KUALA LUMPUR (June 12): Shares of low cost carrier AirAsia Bhd ( Financial Dashboard) continued to be sold this morning and fell 1.65% despite a local aviation analyst’s view that the selling was overdone, and not entirely justified.

As at 9.18am, AirAsia fell three sen to RM1.79 with 3.95 million shares done.

In a note to clients today, Maybank IB Research aviation analyst Mohshin Aziz said the selldown of AirAsia shares yesterday was triggered by a report written by GMT Research, which he said was short of damming the company.

“It’s not our policy to comment on other people’s report, so I leave you to it.

“But let’s just say there was nothing new, nor anything groundbreaking that I and the rest of the analyst community haven’t raised already,” he wrote this morning.

Mohshin said the modus operandi of these institutions was to spark fear and let the momentum sway things down.

“First short sell, when it breaks technical support the technical traders will push it down, and the final leg is for fatigued long-term shareholders to give up. I call this the three pillar of death strategy.

“But it won’t likely work in Malaysia. Here, short-selling is regulated and structured. There is only so much that one can short-sell per day, and equally tedious it takes time to cover your position,” he said.

Mohshin explained that in short, to short-sell successfully in Malaysia must be in it for a long-term, day trading is not feasible.

“That means, the first firepower of short-selling AirAsia’s share is somewhat limited. There might be further pressures on technical and forced-selling on margin accounts.

“But thereafter, fundamentals will prevail and the stock should correct. The core shareholders are solid long-term investors and there is no evidence of selling in the past month,” he said.

Mohshin maintained his “Buy” rating on AirAsia with an unchanged target price of RM2.45 and said he believes this episode blow over rather quickly.

“Be brave and accumulate for a profitable trade,” he said.

http://www.theedgemarkets.com/my/article/airasia-falls-165-analyst-says-selldown-overdone

http://mobile.reuters.com/article/idUSL3N0YY32X20150612?irpc=932

http://www.bbc.com/news/business-33089930
MERS scare!!!!

The aviation analyst, however, was puzzled as to why AirAsia shares were actively traded too.

“We don’t think there is any relation to AAX’s rights issue with warrants,” he said.

AirAsia fell 16 sen or 7.9% to RM1.86. The fourth most active counter saw trades of some 27.1 million shares.

Time to take profit after 7 straight trading days of gains.

Very very bad result. Forex losses! Tmr drop drop drop

Big jump to 2.70 at closing

Oil consists of 60% of AAX cost. With such a big drop in oil price, AAX will be a huge beneficiary.

Not a good time to buy back SKPETRO yet. Luckily sold off @ 3.25 days ago.