AAX 2nd Q, mostly within RM80,000,000-RM140,000,000, with load factor of 75% and 23% of growth of passenger at 1.01M.

after 1st quarter, most of my bet still on Airasia rather than AAX, simply because few reasons:

1. Airasia has better profit of 800M++, it impacted and attracted investors, whereas AAX made 179M, not that surprised, especially with lower jet fuel of hedged RM58.
2. Airasia has load factor of 85% and AAX has 82%. Slightly lower in 1st quarter.
3. Airasia has better momentum with history profitable financial report. AAX has not even recorded a consistent profitable financial reports. Investors is reluctant to move from AIrasia to AAX. Especially it has reached only RM2.3 when the 1st Q released.
4. AAX has rather worse load factor in 2nd q than airasia. It worried the investors that if AAX could continue for the profit mode, as usually uptrend momentum of shareprice , most of the time is pretty much supported by the consistent growing profit in every years. At least better than last year.

However, I have now come in AAX slowly in last 2 weeks, because,
1. AAX has a rather better hedged jet fuel of RM54. Fully hedged for the whole 2016.
2. For technical chart analysis, after 2015 4Q released, It has a four months flat mode. It usually will either go up fast, with good financial report supported, or go massively down, due to bad report. Therefore, this is bet. But, for the current
momentum, this has better chance to go up.
3. AAX has big gap to fill since 2013, at RM1.2. I believe, there're 300%++ away from the price with 0.39 at the moment, this is a rather comfortably safe range to hold. isn't it?
4. Looking at the airlines from other countries, like ANA japan, southwest airline, Ryanair etc.. most of all these airline has a good leap at the same time around end of 2014, and it usually last around 1 year, or slightly over. It apply the same to Airasia, and with AAX , it only started the kick for 5months only. It has another 5-6months for the strong momentum.

I believe, in a few weeks time, AAX will resume strong trend. You guys should think about being greedy now.

I can see this counter will not fall below 0.385 for the good time being, the sense of bottom appears. Therefore, this is between 0.385-4.05 until the kick comes out. Piece of advice is, we can come in now, if you can't get any for 0.385, then 0.39 could be the lowest point to enter.

"We will face what is historically been usually a difficult second quarter but we have already budgeted for it properly,” he said at a press conference after its annual general meeting today.

He added that once the second quarter is through the outlook for the rest of the year will be better based on present circumstances." Datuk Kamarudin Meranun said.

So, sound like they have 'budgeted' or 'projected' a nice decent 2nd report for us.

This could be one of the major reasons, why the profitable 1st Q result didn't quite bring the shareprice up, and 2nd Q is what all matter to the investors. But this will be taken care of Kamarudin, I have good sense in it. How about you guys then?

Comparing between Airasia and AAX

Airasia raised around 388% within one year from RM0.78.
AAX raised around 160% from 0.15.

Airasia 2nd Q increased 12% more passenger compared Q to Q 15.
AAX 2nd Q increased 27% more passenger compared Q to Q 15.

Airasia higest price was rm3.95 as climax, that's 35% from current price RM2.93.
AAX higest price was RM1.2, that's 300% from current price RM0.395.

All I can say is, AAX has much bigger rooms to raise and this is looking pretty good.

this is going to hit rm3.2 for the next peak point before adjustment.

From what I see, Airasia is having a rest time, and this is a short period of rest. AAX is preparing for a accelerated boost. I will recommend a very technical switch from Airasia to AAX for a week or 10 days to make some penny, and this is important to come back Airasia on time.

Buywithcconviction, ur idea of Supermx might work, but your logic of RM2 for Airasia is dead wrong.

This counter will not rebound in a short time, but only a minor correction. Therefore, we can still wait for the right and best buyin time later.

This brexit is a poison to SKpetro. Coming soon we will need the ugly QR, and this will just be another time bomb. This is confirmed from RM1.35, there are at least another 10-15% drop and next low point is around RM1.15 and more to come. we will see the worse scenario in coming weeks or months, just to be alert of the right signal, afterward you can start thinking about the saying from Warren Buffet's "be greedy when others are fearful"., not now.

cutlost, this is definitely not the buying signal, and from what I see, the signal pretty much depend on the coming QR, and it has high chance being ugly, therefore, it will be most likely going down.

every dropped counter, will not have a constant uptrend mode, until it has very positive business and profit prespective, therefore, SKpetro will have a medium and long flat moment, until the Oil market recovery to USD70-80 per barrel.

from the technical analysis, This short and little uptrendmode is the correction before further drop, just like every uptrend counter will have a small correction before further lead, same as downtrend , this is a minor correction only. This is not being negative and pessimistic, but realitic. This counter will be pushed up only when it hits a valley bottom, and it usually has a signal, and this is going up fast and big. Therefore, this RM1.38-RM1.41 is not the signal and should not be considered as rebound. This is very important to read the chart, and the trend.

guys, to be honest, this counter is going to fly definately, but this will need another 1 year from one. To my experience, This will be the last giant drop and this is going to touch the bottom at this wave, It could be big deep drop this round, possibly below Rm1, in few month, and this will gap up for 30-40% in a month for a sudden recovery, and substain for months before it shot up.

This counter has broke the support level, at RM1.53, therefore, this is confirmed this will go down by at least 20% from RM1.53, and RM1.2 minimum in short terms. It could be around a month or few months.

Don't be naive, EPF is the one that to dispose and cause the giant drop, and if you guys read how EPF play this counter, EPF almost win by disposing at higher point, and acquire at lower at every waves.

Guys, this counter is going to drop toward Rm1.2 or below within a short period, like a month or two, and becareful, and be ready to get in at good time.