NTA at 1.71

Pengerang oil terminal capacity already rented for Total and BP
Tg langsat and Tg bin terminal are expending as well.
Singapore oil terminal also almost reach full capacity

Wondering why benalec still on-hold Tg piai project

Sell and lease back can release USD to airasia
Just not sure how many aircraft airasia sold at 3Q

Hope airasia sold enough of aircraft and lease back during 3Q15
Thus they are actually enjoying weak ringgit as aircraft bought during strong ringgit .

Anyhow aircraft may still purchasing from Airbus while ringgit back to strong position again

4th quarter enjoy forex gain at airasia ?
investor is enjoying previous Forex "FD" if ringgit back to RM3.8

Indonesia is different with Japan .
Japan have a well managed and tourism friendly environment

Indonesia infrastructure is very lack behind and can't even fight with Malaysia .

instead of focus at indonesia market , why don't relocate aircraft and man power to Japan next year . no matter how , Japan is china tourist favourite spot .
you won't die if 1.3b market is supporting you

Ferisc ,

you are right . 3rd quarter major issue is Forex losses .
but at 2Q15 report presentation , AAB mentioned that they doing
something to bring unhedged forex to 25% .
personally I'm not sure how they going to conduct it . any idea ?

for IAA , whatever equity positive or other accounting activity won't help them .
their root of issue haven't solve .
Lion air is still overrun airasia at Indonesia .
hope the IAA domestic route cut and relocate of resources to international route
will work .

Lack of good news

Anyway , Ringgit vs USD touched RM4.18 today
Hope ringgit able to strengthen future before AAX Hawaii route start.

Maybe next year can looking for transit of Australia <-> Europe by AAX in order to increase traffic at KLIA2 and benefit AA's transit indirectly.

Ferisc ,

IMO , merge of IAA and IAAx is just to meet the request of indonesia government.
It won't change the challenge of Airasia at indonesia.

IAAx's Taipei to Bali route having super weak load factor (less than 60%) and very soon IAAx will post losses as well.

I'm more confidence to PAA compare to IAA.
PAA is near to china mainland with plenty of world class vacation spot.
There is a chances for PAA since AA already have a strong network and brand awareness within China.
PAA must increase their market share at Philippine international market in order to turnaround and fight with Cebu Pacific in future.
In order to keep the cost low , aircraft utilization rate is crucial for PAA.

privatise will press down price
hmm.... good theory

Saudi just cut November retails petroleum price again
haiz

AA is looking at secondary city route .
let's see the result at 2016 .

Middle East will keep infra spending or stop ?

airasia Thai is planning extension and secondary airport of Thai to avoid stiff competition with other LCC at Bangkok after Thai Lion's entrance .

so far we able to see TAA management team are making correct and logical decision .

what happened to PAA and IAA management ?
so far haven't see any movement to break even the affiliate

Bently

Check this company profile of oil and gas terminal water treatment plant

http://www.nijhuis-water.com/about_us/references/oil_en_gas.aspx

Any news about E&O STP2 reclamation work ?

sarifah

pls read airasia financial status .
they make positive cash flow while reducing debt because they sold aircraft.
Asset was sold and they need to least back aircraft for daily operation .

it is short term solution but not for long term

they money made by MAA and TAA couldn't cover losses made by IAA , PAA , AAI and JAA .
if cash flow into share market , they may have issue if any incident happens .
airasia's 1.8b is not a lot in aviation industry .

The share buy back plan might just consumed airasia limited fund.
Personally I think it is better reserve those fund to fight at Philippine and India market

Share buy back is good or spend money for expansion better ?

Anyhow , Benalec issue is they are just too tiny to run such big project
They need a strategy partner on funding in order to start Tg Piai.
Dialog is benefit from Petronas RAPID.

Maybe Benalec need to seek funding from Temasek and form a sister port for Jurong Refinery.

http://www.themalaymailonline.com/money/article/petronas-signs-contract-for-pengerang-raw-water-supply-project

Petronas signs contract for water supply & treatment facilities.
Petronas selling water to singapore ?

Water supply and sewerage treatment means producing water for selling purpose ?
Joke of the year man.

If you built oil & gas terminal and you washed your Silo or O&G transport ship , where are you going to dumping those waste water ?
Sungai Johor or Selat Tebrau ?

This is why the sewerage treatment infrastructure come in.

When you demand so much of water usage , you think SAJ manage to entertain the demand ?

Please check what petronas already developed at Pengerang.
they even build their own power plant.

so far haven't see Engtex move yet.
20b better pump into infrastructure investment rather than stock investment.

Now insider may goreng share prior government fund go in.

Malaysia government will pump 80m to attract foreign tourist.
potential benefit Airasia & Airport.

Seems like 3Q15 is the last quarter for Airasia turbulence.

Let see when public notice engtex

short seller who put Airasia may need to restock their share to cover what they short sell.
luckily i jump in at 90sen.

Wellington just sapu 20m Airasia share on 9th September
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4865449

whoever haven't go in , you might already missed the boat.

Airasia fundamental analysis is good.
Just depends on Macro Economy Environment.

Btw , i already cash in heavy at 90 sen.

I think take airasia from short sell list may solve the problem ?

Fear is not overrun trader or investor yet since there is high volume.
Fear only overrun public when volume come down as no more people dare to press Buy Call again.

So maybe i wait for Volume to come down first.

get press down few sen everyday.
Maybe it will only stop after volume come down and let shark accumulate again few month before it shoot up again.

Possible our PM can't make it this year and step down before year end ?

See how our government promoting Visit Malaysia again.
My Japanese colleague said quite a number of Visit Malaysia signboard were setup at Tokyo area.

How about other north east asia country ?

market start panic now.
Look at IFCA MSC , DataSonic , Sapura Kencana and Malakoff.

If stock market collapse , maybe young generation got chances to buy property already ?
Even blue chip also losing ground.

uzi440 ,

mind to share your concern AA enter India LCC market ?

Ferisc ,

I understand they trying to come out something to counter Forex losses.
I'm trying to seek for information how does it work/operate thus just asking around for some idea.

For those who mentioned that buy MAHB instead of AAB by using Warren Buffet statement

Warren Buffet statement will work at US but maybe not here
Our AAB lead and manage by entrepreneur but Airport manage by Crxny.
Look at the KLIA2 sinking issue and you will know they didn't make correct decision for company's sake but for their own sake.

Some more , AAB going to start in-cabin duty free shop which previously only selling fragrance but now extend to tobacco and liquor.
If you check at airport duty free shop , you will notice that liquor and tobacco business are much better than fragrance.

Besides , a meal in-Cabin is almost same price or cheaper than airport restaurant
Personally I eat in-flight and leave airport immediately after pick-up luggage.

What AAB doing now is making airport as a bus stop and bring the whole airport function into their Cabin. (Of course it is not included custom and government authority function)

Lol
Let see AAX 3Q15 report .

AAX need to rely on AAB short distance flight as feeder
If AAX is good , AAB will be good as partial passenger are overlapping between both.
If AAX is bad , AAB wouldn't get much impact because AAB already have it's base market and market share for short distance LCC within ASEAN country.

This can be proof by AAX passenger carried drop dramatically at 2Q15 but AAB especially MAA and TAA making expension.

I'm really doubt that you can do proper analysis.
What you acting now is just a typical speculator.
Hope AAX will rebounce and give you 5 time earning ?

I was thinking the same with MAS previously and luckily I only lose 15% there

Kensen pls la
AAX quarter report shown their passenger carried drop dramatic at 2Q15
And AAB all affiliate is gaining passenger carried except PAA and IAA which under restructure

And you want to convince us AAX growth is better than AAB ?
What kind of logic is this ?

Besides , pls keep in mind that AAB is not traditional airliner
They diversified their business and extend it to aircraft leasing , travel insurance , hotel booking , freight transport ,forex exchange , duty free shop and etc

All this effort will diversify AAB risk in future and if one go down , the other business still making support at difficult time

AAX or upcoming oversea affiliate which may IPO in future doesn't have advantage like this .
They are just traditional airliner

For me , I choose a profit making instead of losses making company
It look like u purposely attack AA to pressure share price for your entrance ?
You also think positive to AA

Kensen

Btw , tourist start back Bangkok

http://www.orientaldaily.com.my/international/gj5010482954

Why choose AAX instead of AA ?
Because it is cheaper for entry ?
Lol

Hope AA can really go down 80sen
My money is ready .

MAS' rationalise will boost 4th Quarter result (provided no uncontrollable incidence happen like KLCC attack by terrorist or etc)

MAS rationalise really a highlight
But it will only shown at 4Q15

We need to pass through 3Q15 first .

Ferisc

Any idea for the 2Q15 presentation's Forex Hedge part ?
It mentioned that airasia will recognise associates' leasing income (USD) into airasia account and bring down unhedge aircraft to 27%

How does it work ?

AAX does have lot flythru link
But seems not much passenger

Maybe TF should stop complaining airport and start cooperate with them to enhance passenger experience especially the waiting time during flythru

Possible when the tide of selling sound cover buy sound
And it is the lowest price of AA ?