The argument is wrong also! Debts is usd, but longterm, it is fair valued only. Oil saving however is trur and real. So you have higher debts to serve future, but saving money now.
Air Asia did incur forex loss of RM1.9 billion. However, they hedged 50% of their currency exposure. Those hedges resulted in RM931 mil gain. The net forex loss was hence RM933 mil only, not RM1.9 billion
Please refer to item 27 of Dec 2015 quarterly report
half bucket water article, PP 1 billion by TF because he want to increase stake when company prospect is very good in future. Low oil price is very good for AA in long term(60%cost).
forex gain/loss is one off thing, after a while, no one will remember that. Losses already captured & no more forex loss unless RM depreciated more than RM4.40.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
moneySIFU
5,862 posts
Posted by moneySIFU > 2016-05-09 18:27 | Report Abuse
三块钱不是梦想。。。