Price Target (AIRPORT, CAPITALA): Aviation - AirAsia to Lead in the Skies

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2 comment(s). Last comment by SALAM 2017-07-10 11:00

angelol

688 posts

Posted by angelol > 2017-07-06 09:49 | Report Abuse

Lousy researcher mixing AIRPORT and AA in a same article and jumping around.

"Post disposal of AAC, AIRASIA is expected to lose their stream of leasing income by c.RM400m in FY17 (lowering FY17E CNP by 29% to c.RM1.0b) which we believe would be compensated by a round of special dividends.

How can a loss of income RM400m in FY17 can be compensated by special dividend? You must understand its the company that losing leasing income on long term basis. Its the shareholder being compensated by one off special dividend. There is no compensation between this two. The lose of stream of income only able to be compensated by another newly developed stream of income or increase of other income stream, not shareholder dividend.

Rubbish article.

SALAM

1,072 posts

Posted by SALAM > 2017-07-10 11:00 | Report Abuse

Very Well said, angel. This learned analyst really talking cock. Bull heads don't fit horse mouths !!

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