You are missing one key element though.

還是佩服！

也來吹一吹。

龍合是老大哥，實力自然不俗。但是養雞這種行業要求很高，簡單一個環境出小毛病就很難賺錢了。在馬來西亞，龍合已經是技術挺高了，但是比較外國，還是望塵莫及！

我覺得龍合算是很有效率了。股價算是合理，跌到七八毛才有肉吃。

Good Analysis.

Personally I think the machines are not very user friendly, spit out money over and over again. (In fact I think Diebold has the best performance in that regards). But that probably doesn't matter as banks only look after their own interest.

In China, CRMs are horrible (as bad as their banking service). Their CRM gives you fake money because the machines cannot recognise fake money when it was deposited. If that happens in Malaysia, nobody would want to use CRM.

laychee, when will the market rebound? That's an interesting question.

So, China is swifting production to Vietnam, I mean willingly. Some went to Taiwan, some went to India, some went to smaller countries like Thailand and Malaysia. Cost will be a bit high but US is still buying Chinese products.

US economy is still very very strong, unemployment 3.4%, that's too good to be true. If you look at the last election, Trump actually gain more support. So, in the coming Presidential Election, other candidates will likely to adopt similar policy against China. Even if Trump lose, trade war will go on.

The bigger problem is, China likely to force RMB to depreciate. To counter that, US may further increase tariffs. Whatif it is 50%?? (Well, we charged 100% for imported car isn't it, 50% is sup sup sui) That's like the end of the world.

Conclusion, very very bad and very very long war ahead.

pjseow, icon8888，我簡單闡述一下我的觀點。

第一，美國要求中國做的，根本是中國在加入世貿之前已經答應的。比方說亞航要在中國開分公司，表面上說可以，實際上是行不通的。Visa要在中國通行，表現說可以，實際卻是難上加難。比較美國的開放市場，中國很明顯陽奉陰違。萊特海澤以及特朗普要求的是有法律約束力的合約，否則就不談了。

第二，劉鶴事後說了突然談不攏的三個條件，一是不想把金額寫在合約裡，為反悔做準備。二是騙美國人立刻把關稅撤了，為反悔做準備。三是不願意美國人派人進行監督，為反悔做準備。這是劉鶴自己說的。

第三，大國之間的博弈，古來有之。雖然我覺得作為中國人就應該一言九鼎，方以誠信立足於天下，但是對於共產黨這些舉動也不以為然！只是最最重要的，是千年以來，中華民族開放則興，封閉則亡，乃千古不易之真理。

bullpiano，美國這個大老闆對中國很好，一年給五千億美元買東西。但是中國表面上很友善，暗地裡卻支持朝鮮、伊朗這些國家跟美國作對。有一天大老闆醒了。五千億美元不給中國了，轉跟越南、印度做閨蜜，也許這些朋友會比較真誠一些。

Lol.

“Guess where your money went? “ I already gave you detail reports and information. And yet you are not acting on facts.

可怜的人

Hi, CP, talking of a major crash....I have not been following market closely....

Trade war ==> swifting of factories to Vietnam, Taiwan and India, of course U.S. will be very happy....likely it is still Chinese products being imported, but at a higher cost to the Chinese producers....

Can't see how it leads to market crash....yet. Chinese market....weak....maybe....

可悲的是，絕大部份的華人認為共黨想要反悔理所當然，毀約有理。這才是民族的悲哀！

說得太好！

VenFx, 老共的東西別相信太多。老任千門千法全部使出來，眼花繚亂！

Hello guys.

I think nckcm has a point. Asianpac spent so much money on Imago etc but yet overall still operating at loss.

I think at least on the surface Imago still a fantastic mall. Its not like any other place in Malaysia you got so many tourists to give an extra push. But yet can't make good money, that's puzzled me.

For 1b investment, the yield should be at least 5%. Say Imago plus carpark is making 25m a year, then your yield is only 2.5%. For sure you lose your underwear doing property investment this way.

I understand that the carpark opposite Imago (Times Square) is charging RM15 per parking (highest i ever heard off), good move Asian Pac. But I noted the basement carpark of Times Square is pretty much empty. (Note that both belongs to Asian Pac)

For some unknown reason, Asianpac still need some time.

For those who waited long enough, congratulations!!!!

寫得不錯，作者有點心得！

From the crop circle, “beware of the Trojan Horse”.

Lol

OMG.

I try to make it simple.

Amazon is investing heavily into the future, deduct that from the account, Amazon is making HUGE profit.

這麼快就能夠「活下去」啦？

以前看王石的書，說埋了也要伸手阻止萬科多元化，想不到這麼快就多角化到教育了。

Double counting lah

Hang on, don't cry!!

Habis wayang....

Like at the bright side, maybe Airasia QR very good but Thai Airasia very bad. Postpone announcement to avoid what happen like AAX.

Always been last 5 days before expiry. That will be 21, 22, 25, 26, 27. That’s before lah. Maybe they change it. Who knows. First day it’s the highest VWAP, maybe they change it to avoid paying a single cent.

Cimb hkc. 多行不義必自斃

Look at the bright side, Thai Airasia postpone maybe avoid same thing happen like AAX.

Besides praying hard, next time we should have some sort of organised act against cimb. Like what Soros did to Pound. Bankrupt cimb once and for all, just like Baring.

https://www.cnbc.com/2019/02/25/oil-falls-after-trump-says-prices-are-too-high-and-tells-opec-the-world-cannot-take-a-price-hike.html

Donald Trump comes into rescue.

Oil down myr up. Hope sustain till market ends.

I thought you said 20 million? 30 million?

Ops.....you miss it again.

Don't forget to take your medicine.

Hope good news come out remaining two days. Thai Airasia is colluding, maybe good.

All other airlines goes up, only Airasia down. Sad

Yes, CIMB wins.

Don't know there is a chance to fight back or not.

Treeinvestor, yes rm3.20 first.

https://www.youtube.com/watch?v=qDaD5y5mC6Q

Liquid eggs

So geli, i don't want to eat that.

Up

While I like to screw Herbert Chua, I like to share some knowledge too.

Liquid egg is good for storage. When you have excess fresh eggs that you cannot sell in the market, you throw it into the plant. Price of liquid eggs are less than fresh eggs.

Now Egg price is at historical high, eggs are in excess demand. So liquid eggs do not make sense.

On the other hand, Long Egg is a more sensible option. You get the eggs cooked and make it like a sausage and send to hotel to prepare high class cuisine. That makes more sense.

https://www.youtube.com/watch?v=ZYz2DLN9uik

You don't have to understand what its said, just watch the video.

Of course I heard something, but "apparently"(I guess only) they solve the problem. If you really want to hold then hold long lah, don't panic sell and buy back high price.

Few more days for QL.....

I have said this quarter will be very bad for QL. Because chicken got problems and oil palm low price.

Bosses also panic sell last few months, but look at the pattern the problem must have been solved as they are buying back.

So, be cautious but don't get too emotional, you could get burned if you are not thinking rationally.

I know when i say something like this a lot of people will blame me. But for the sake of the few willing to learn, that's the risk I am willing to take.

Few more days for QL.....

I have said this quarter will be very bad for QL. Because chicken got problems and oil palm low price.

Bosses also panic sell last two months, but look at the pattern the problem must have been solved as they are buying back.

So, be cautious but don't get too emotional, you could get burned if you are not thinking rationally.

禍從口出？恐嚇我呢！

當我說LayHong的雞被滅了填埋的時候，有一個叫Herbert Chua的說報警捉我呢！看來我高估你了，你們就一個水平上。

你自己暗示明示說有特別股息，說了又不認！這樣討論也沒有意思啦！

你要找吃也要分明是非對錯曲直。

I have been saying this for the last three years. No need luck! I provide a lot of the information to a few international website. I also wrote to the new Transport Minister, but of course no body give a shit.

8) If Airasia maintenance people jump up and protest, I will not fly Airasia too. But they haven't yet.

(1) The 1st reason for AAX investors to buy AAX is of course, the profitability of the company. It is not wrong. And AAX team is certainly working very hard to push for Revenue/ ASK, load factors, passenger carried, and at the same time, keep cutting Cost/ ASK. However, if you are common investors, i afraid you may be missing the big story of Airasia/AAX model - the potential of cash to be salvaged and pay out as special dividend via selling off the asset when matured. The real cash that the shareholders are receiving!!!

And your title said "BIG FAT MEAT? "

In response to Your no.5

You are in denial/defence mode, no point to discuss then.

I am not interested in AAX, but can talk little bit.

1) Airasia's main competitors are MAS, Malindo, sort of weak. Airasia X's competitors are QANTAS, SIA, CATHAY, etc much stronger.

2) Airasia's plane sale is done deal. PE 3.54. Airasia X negative PE most of the time.

3) Last year Airasia gave a few routes to AAX for free, now seems not much difference also.

4) When your unit cost is so low, in fact making profit and branding shouldn't be that difficult. There are problems that AAX management and TF doesn't understand yet. Nobody in this world know yet.

5) Yes, AAX may sell planes, but it will take a long time. Don't think there will be special dividend like Airasia. AAX is broke.

6) Two/Three years ago, KM said can take over AAX. Then Tony said no. You are on your own! Very difficult to cure AAX, not even Airasia.

7) In the first place, AAX was set up like a colony(殖民地), that's why Airasia held low shareholding.

8) However, the maintenance expenses seems to be really going down. You remember a group of engineers protest? I wish this is a good news: AAX and Airasia make use of Big Data to monitor maintenance. But I will not fly AAX for the moment. About 1 year before MH370, Johari said daily maintenance expenses down to 1m from 5m. Then they lost MH370. 8501 was also partly due to maintenance problem.

9) Thailand AAX listing is a good news though.

10) New CEO seems to be smart guy.

11) This is the best year for AAX, but still only mediocre performance comparatively.

Good luck, guys!

Good research!

TF comes into rescue, should be fine now.

Yup, MQ calling RM5. No worries!

McQuarie says similar thing, target RM5 woh

Thank you very much those sold cheap. Huhu

I refer Mr. Stockpicker's remark


Stockpicker: The reports are probably correct.

AAX's Property plant and equipment dropped from 1.65b in Q3 to 0.62b in Q4. Assets were shifted to Assets held for Sales (Current Assets). That likely meant:

1) there will be sale and lease back of assets to raise cash.
2) the higher tax is due to earlier capital allowance recognised being reversed when assets are shifted from Non-Current Assets to Assets Held for Sale.

This is focus on short term cash flow vs long term financials ...... I suspect there will be rights issue in the near future and AA will have to set aside cash to subscribe.

Stockpicker, thanks, I think you are right.

Continue charging tomorrow....

I hope so......

But many silly people.....

If the error is confirmed, then profit should be 15m, simply can't have so much effect from tax. A company that doesn't make money can have so much tax burden?

Anyway, as predicted, maintenance and operating expenses dropped sharply, that's the only good thing.

This reminds me of what Mao did in the 50s. Say you produce 2 tons of grains, but the officer report 10 tons of grains, tax is 20%, so the farmers got nothing left to eat. Sad Chinese and AAX.