ringgit drop so much today, high risks !

yes, most likely short sellers covering their position on due date, abnormal trading

Most emerging Asian currencies slid on Monday and were set to post steep monthly losses as top US. Federal Reserve officials left the door open for an interest rate hike. in September and Chinese stocks tumbled again.

South Korea's won fell as foreign investors continued to sell local stocks.

Foreign investors sold the Indonesian rupiah, while the Singapore dollar skidded with hedge funds selling.

Fed Vice Chairman Stanley Fischer, speaking at the central bank' conference in Wyoming, said recent volatility in global markets quickly could ease and possibly pave the way for a rate hike.

Chinese stocks tumbled ahead of official factory activity data on Tuesday which is likely to deepen fears of a sharp slowdown in the world's second-largest economy.

Activity in China's manufacturing sector in August likely shrank at its fastest pace in three years, a Reuters poll showed.

"Jitters over emerging Asian currencies may persist unless we see a recovery in Chinese data, given doubts over China's ability to support the economy," said Jeong My-young, Samsung Futures' research head in Seoul.

Investors are also awaiting key U.S. economic data later this week including August nonfarm payrolls for clues on the timing of U.S. tightening.

Emerging Asian currencies, however, are unlikely to find much support, some analysts said. "A strong payrolls report might be required for the Fed to pull the trigger in September but even if tightening is delayed a few months it will not be positive for EM FX," analysts for Societe Generale said in a note.

"As long as we in the waiting game and uncertainty is prolonged, EM FX will be unable to rally on a sustained basis."

Asian shares fell on Monday and looked set for their worst monthly performance in three years after top Federal Reserve officials kept the door open for an interest rate hike in September and Chinese stock markets took a fresh tumble.

Global markets are bracing for Chinese data on Tuesday which is expected to show the world's second-largest economy is continuing to lose momentum.

The Federal Reserve on Friday left the door open to a September interest rate hike even while several U.S. central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay the first policy tightening in nearly a decade.

Some top policymakers, including Fed Vice Chairman Stanley Fischer, said recent volatility in global markets could quickly ease and possibly pave the way for the U.S. rate hike, for which investors, governments and central banks around the world are bracing.

key policy meeting set for Sept. 16-17

国内航空业的竞争也持续剧烈，尽管马航削减近20%乘客容量，但是在下月以马来西亚航空私人有限公司返回市场，必定再引爆另一场“硬战”。

此外，马印航空也提供更多航线，以保有市场分额。

如今，全球经济充满不稳定性，国内经济也进入寒冬期，国人的国内旅游需求料将减少，亚航在中短期内的挑战不小，要如何应对难关，是该集团管理层近年来面对的最大考验。

indonesia gov will decide next course of action against IAA by end of September is the main concern, i think it will trade within 0.81 - 0.90 in short term

Airasia's shares have been under pressure for some time. Starting with a report by GMT Research that raised questions about related party transactions, the company’s second quarter financial results did not help.

A 33.8% fall in net profit to RM243mil from RM367mil for the same period a year ago was a result of lower ticket prices, higher cost and a weakening ringgit against the US dollar.

Competition in the sector will remain intense and even though Malaysia Airlines has cut capacity by nearly 20%, its return via Malaysia Airlines Bhd next month would give its rivals stiffer competition. Even Malindo Air is flying more routes to keep its share of the market.

Such competition amid a more mature market with slower growth rates will put pressure on earnings of airlines operating in the region.

An anticipated prolonged fare dumping beyond the second half of 2015 would continue to suppress yields, so will a spike in jet fuel prices. Further weakening of the ringgit against the greenback will affect airlines.

AirAsia X Bhd says its auditors have discovered 24 payments totalling RM7.01 million made to a service provider, which are now established to be fictitious. The long-haul discount arm of AirAsia Bhd said the payments were authorised by a person in a management position within the company, but did not name him or her. It said the board of directors could not make any announcement earlier as it did not have sufficient evidence to substantiate the allegations and to assess with certainty the financial and operational impact on the company.

Following this discovery of irregularities, AirAsia X has lodged a police report, adding that it has sought legal advice on recovering the losses. "(We have also) reviewed the current internal control process to ensure that similar transactions will not recur," it said

in a filing with Bursa Malaysia today. AirAsia X said the irregular dealings between the company and a certain service provider was first discovered in the course of its statutory audit for the financial year-ended December 31, 2014 (FY14). "(Our) internal and external auditors had discovered that certain payments have been made to a service provider between 2010 and 2014 for services which are now established to be fictitious," it said. Following the discovery of the irregularities, AirAsia X appointed PwC Consulting Services Sdn Bhd (PwCCS) to carry out a forensics audit and instructed the management to ensure the availability of all relevant documents and/or key personnel for PwCCS review and interview. "The findings of the forensics audit established that the irregularities have been confined to a sum of RM7.01 million," said AirAsia X.

corporate governance is big issue !

period of 2010 to 2014 for services which are now established to be fictitious, jialat lor !!! Investors will start asking whether AA financial statements during that period ok or not, eventhough it has been audited.

especially at this point of time, the side effect really no joke, hopefully no panic selling

Airasia accounting ok or not, jialat !!!

bersih not an issue but i am worry about the fraud case of AAX, 2morow sell, whatever, scary

the timing of announcement really not so good for AA, will take profit tomorrow, no play play

GMT has done a good analysis for Airasia group !

The Board of Directors of AAX wishes to disclose that its internal and external auditors have recently discovered that certain payments have been made to a service provider between the period of 2010 to 2014 for services which are now established to be fictitious.

This announcement is dated 27 August 2015.

大摩：令吉料低至4.5
人民幣或再貶5%

摩根大通私人銀行亞洲固定收益、外匯和大宗原產品主管施彬指出，鑑于大宗原產品價格疲軟、外匯儲備減少和政治醜聞，令吉是亞洲最脆弱的貨幣之一，預計明年第1季，令吉兌美元將跌至1美元兌4.5水平，較目前再貶值5.4%。

　他接受“彭博社”電訪時說，人民幣仍然面對壓力，因從實際匯率來看，隨著美元轉強，人民幣仍然被高估，未來12個月料再貶值3%至5%。

　他認為，中國掌握著新興市場穩定的關鍵，如果人民幣貶值超過人們的預期，則可能導致貨幣競爭性貶值，而且不只是在亞洲，而是在整個新興市場範圍。

u hv so much to learn, icon8888, go study CFA 1st before comment, : )

Icon8888 recommended buy gob when it was 0.96, now 0.46 he said even 1 cent also none of his business, yesterday he asked every one to sell Airasia, 0.70 coming and today he said sorry lor, ha ha ha, WTF, newbie

this time bersih is dif, furthermore, monday is holiday, no play play,just my 1/2 cent, : )

继“铁头功”示威后，反净选盟组织再有新搞作，恫言在净选盟4.0首日，动员3万人红衣上街，硬碰净选盟4.0黄潮。

此外，他们也已开始习武术、练巴冷刀，以供自卫之需。

i prefer to take profit before Bersih 4 and holiday, : )

ha ha ha Icon8888, newbie

well said, mat, let see what happen, 2nd session, usually selling pressure after 4.00 pm

good

very strong resistance at 0.85, : )

2nd session, let see whether sell before closing

dance with sharks, enjoy, : )

at last, green after 3 weeks, ha ha ha

wow, one hour volume already 72 million

very strong profit taking activities, trade carefully, contra traders, : )

马来西亚厂商联合会-大马经济研究院（FMM-MIER）2015上半年经商情况调查报告显示，厂商的经商环境持续面对挑战，对下半年前景感到悲观，更糟糕的是，此问卷调查是在马币尚未跌破4令吉大关及人民币尚未贬值时进行，相信目前情况是“悲上加悲”。

3年来最悲观

调查显示，上半年经商情况指数为86点，与2014年的上半年及下半年相比，分别下跌了9点和8点；此调查以100点为基准，100点以下为不理想。

“出口销售指数从去年下半年的98点增加至102点，厂商预计下半年会提升至107点，这与马币汇率疲弱有关；资本投资指数则从去年下半年的106点提高至108点，厂商预计下半年会提高至111点。”

黄詺宸说，调查显示，厂商对未来的前景感到非常悲观，并预测没有任何指数会呈现正面增长。

共有305名厂商联合会会员参与这项在6月17日至7月31日进行的调查。

黄詺宸说，厂商在接受调查时是根据当时的经济情况评估，在这项调查期间，人民币尚未贬值，马币也未跌破4令吉大关，因此目前情况将更糟糕。

中国央行是在本月11日宣布让人民币单次贬值，导致人民币下挫近2%，亚洲货币应声齐跌，而原已疲弱的令吉更是雪上加霜，也在当天兑美元失守4.00关口。

生产成本指数历年最高

马来西亚厂商联合会-大马经济研究院（FMM-MIER）2015上半年经商情况调查报告显示，今年上半年生产成本指数达致162点，是历年来的最高点。

此调查以100点为基准，生产成本指数越高意味着生产成本越高；报告显示，68%厂商指上半年生产成本上涨。

62%厂商停聘员工

在经济放缓的情况下，劳工市场也随之放缓，FMM-MIER2015上半年经商情况调查报告显示，雇员人数指数从去年下半年的106点下降至今年上半年的104点。

此外，厂商对未来的雇员人数预测指数也从今年上半年的117点激降14点至今年下半年的103点。

仅有21%厂商在今年上半年增加员工，反观高达62%厂商搁置聘请新员工。

黄詺宸说，调查显示，87%厂商知道检讨最低薪金制事宜，但近65%厂商希望最低薪金制保持现有的西马900令吉及东马800令吉。

他补充，尽管36%厂商赞成提高最低薪金制，但大部分即66%厂商接受调整至1000令吉、21%及11%分别赞成调整至1100令吉及1200令吉。

他说，仅有52%厂商对2015年财政预算案公布的就业保险计划（EIS）表示知情。

“但高达72%厂商不赞成此计划，其中80%厂商表示现有福利已足够；另外68%厂商则表示，若欲落实就业保险计划，就废除现有的福利。”

AirAsia Bhd’s share price fell to a fresh low of 78 sen yesterday, down nine sen on active trade and concerns regarding its Indonesian affiliate.

Year-to-date, the airline’s share price has dropped more than 70%.

For the second quarter ended June 30, 2015, the airline’s Indonesian affiliate, Indonesia AirAsia, recorded a revenue of 1,266.83 billion rupiah, down 16% year-on-year, which was in line with the 12% decrease in capacity and 18% drop in the number of passengers carried.

AirAsia, which has borrowings in US dollars for its fleet of aircraft, registered a profit attributable to shareholders of RM243mil in the second quarter, down 33.8% from a year ago.

This was achieved on a marginally higher revenue of 1% to RM1.32bil, backed by a 7% passenger growth to 5.95 million with 80% load factor.

wow, this kind of result, tomorrow panic selling, pity angelinaloke, followed hooi all the way to holland

wellington and EPF not involved, selling from either margin call / force selling or other FF, just wait and see, : ) even IAA close shop, AA should trade above 0.70

icon888, what happen to your gob now, strongly recommended when it was 0.90, now 0.44 you come here and talk cxxxxx , : )

wow, like that Airasia PN 17 soon, RM0.50 also don't want lor, ha ha

2morow 0.70 boleh tahan or not,no play play

anyone here booked Airasia to Holland, kekeke

wow, luckily sold all at 0.79, contra gain 2 cents

Q sell 0.80, : )

bought 50 lots at 0.77, support TF

wow. 0.765 !

0.77 !

0.775 !

wow, below 0.70 soon !

IAA confirmed close shop meh

TF, welcome to join Chow Kit, ha ha ha

aiyo, Airasia flight ok or not, cancelled booking