“AirAsia is our baby and we have been hurt by lack of analysts and shareholder confidence, so we thought we will kill two birds with one stone. Raise the money needed for AirAsia, and show our long-term commitment,’’ Fernandes said in an SMS to StarBizWeek yesterday.

still remember what happened on 26 February 2016 & 29 February 2016, ha ha

this is one of the biggest PP that founder of company committed to, tony all in, just follow, show hand, ha ha ha

happy fishing, smiling

ikan bilis panic selling, : )

add 20K AAX-WA at 0.125, : )

add 30K at 0.275, : )

RM3.89 n oil below 40, wow, cantik !

sold all at 1.06, 10 cts contra profit, easily made RM6,000, happy, : )

1.00 already, amazing !

wow, 0.96, amazing

it's time to move, waiting for show today, : )

wow, up 3 cts, 厉害

thanks for sharing, OrangKuat, sek pan mari-mari, : )

wow, crude oil below 40, RM 3.94, 2016 is year of PROFIT, PROFIT N PROFIT

wow, radzi TP for AAX RM2.00, ha ha, excited, buy AAX, i am, : )

yes, much more better and logic report compared to cimb report, thumb up

Talks of privatising AirAsia has permeated the market a number of times, with the recent being in the second half of last year, which caused the stock to rally. A source in The Edge report was quoted as saying that Fernandes had tried to privatise AirAsia, but failed because of funding issues.

"… But this time, things are firmer," the source said in the report.

It would take roughly RM5 billion for Fernandes and the related parties to buy the 81.13% of AirAsia shares not owned by Tune Air, based on adding a presumed 20% premium to last Friday's closing price of RM1.84. This would then make the shares valued at RM2.21 each.

AirAsia X receives second certification for the IATA Operational Safety Audit is another good news

next week gonna breach 0.325, : )

wow, chan, ong from OSK accumulated AAX ?

i wonder how cimb going to revise its TP if 1Q2016 above 300 million, : )

PAT 1Q2016 above 300 million, mark my word, : )

overall market down,my concern is who is the next BNM governor, hopefully not someone like mazlan, : )

managed to buy back all at 0.285, easily made 12K, feeling good, : )

falling knife or falling gold ??? ha ha ha

Tony + Kenanga + CIMB = Sharks ???

cimb tp ridiculous, : )

Target Price :

MBB : 0.23
PBB : 0.29
Affin : 0.17
Alliance : 0.18
MIDF : 0.28
CIMB : 0.15

KUALA LUMPUR: CIMB Equities Research forecasts AirAsia X (AAX) group’s losses to decline further to RM175mil in FY16, due to even lower oil prices, the beneficial full-year impact of the Malaysia Airlines Bhd capacity cuts, and the improving flow of Chinese tourists into Malaysia.

However, the research house had on Thursday cautioned that several headwinds could prevent recovery to profits.

“We are worried about Malindo’s planned expansion into medium-haul routes, despite operating only narrow body planes. It is already flying to Delhi and Perth, in competition with AAX, and is planning to fly to Taipei, which is AAX’s most profitable route.

“In addition, one-stop flights to South Korea and Japan via Taipei, and one-stop flights to Brisbane and Melbourne via Bali are being planned for 2H16,” it said.

CIMB Research said the full-year impact from Malindo’s expansion in 2H16 will be felt by AAX in FY17.

AAX is planning ASK expansion in excess of 20% this year, including the recently launched Gold Coast-Auckland route and a possible Osaka-Hawaii route from 2Q, which will likely require promotional fares in the 12-18 month gestation period.

AAX will also scale back low-risk wet-leasing operations, which was used in FY15 to absorb excess capacity, by expanding its scheduled flights this year, which are inherently more risky.

“We view AAX’s aggressive ASK growth this year with some trepidation,” it said as it reduce its target price from 17 sen to 15 sen. The last traded price was 31 sen.

CIMB Research pointed out AAX’s business model which relies on medium- to long-haul flying, was always a much riskier one compared to AirAsia’s short-haul model.

Even so, AAX had experienced substantially more difficulties than anticipated at the time of its IPO in 2013. This included heavy competition from MAS on Australian routes from late-2013 to Aug 2015, the MH370 and QZ8501 accidents in 2014, and unfavourable macro factors such as the weakening of the ringgit from 2H14 onwards.

The AAX group’s core net loss (including TAAX and IAAX) rose from RM38mil in FY13 to a staggering RM704mil in FY14, before shrinking to a still-significant loss of RM512mil in FY15.

The FY15 improvement was due to lower oil prices, route cuts and capacity reductions by AAX, and a better competitive environment after MAS cut capacity to Taipei, Shanghai, and Australia from Aug 2015.

“Despite this, AAX still lost more than RM100mil in 3Q15 and 4Q15 at the core level, so it is not yet out of the woods,” it said.

hng33, playing blackjack ? enjoy the games, ha ha ha

obviously, foreign fund preferred Airasia, : )

1.86, ha ha ha, Huat Ah !

AA 1.85 already lor , AAX, buck up !

wow, no play play with Tony, powerful, : )

FF coming............. hehehehehehe

Desa, well said, but he is not story teller, con teller instead, : )

Good article, thumb up

wow, panic selling, affected by petrobras financial position

AA 1.81 already, AAX still 0.305, apa lagi ru tunggu ? : )

1 USD = MYR 3.984 now, wow !

if FF also buying, easily push up to 0.325 today, : )

sharks coming................ SHOW TIME !

oh yes, bingo !

waiting for show time, it's time to move, honey, : )

The Bernama news agency reported the country’s Transport Minister, Liow Tiong Lai, as saying that he wants to double the amount of seat capacity offered to Malaysian carriers from 20,000 to 40,000 seats per week.

“As our airlines have fully utilised this seat allocation, we have commenced discussions with India to expand the current allocation by an additional 20,000 seats per week,” Liow was quoted saying.

Malaysia Airlines, AirAsia, AirAsia X and Malindo Air currently operate flights to 24 Indian destinations. The minister also said Malaysia was hoping to expand to new destinations such as Coimbatore, Madurai, Pune, Vijayawada, Mangalore, Surat, Chandigarh and Srinagar.

“India presented tremendous growth potential as the ninth largest civil aviation market worldwide valued at approximately US$16 billion. It is well on track to become the third largest aviation market by 2020,” Bernama reported Liow as saying.

New Delhi route huge potential

when clients call us to place order , we will ask them is it big lot or small lot, big lot meaning 1,000 units, : )

After so many days of consolidation, it is time to move, : }

usually when we said 137 lots it means " big Lots " which is 137,000 units, ( 50 lots at 0.31 and 87 lots at 0.305 )

Director acquired in open market , very encouraging, : )