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.
nope, forex is not one off thing, it is on going things. Just need to hedge it only.
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Posted by moneySIFU > 2016-05-09 18:27 | Report Abuse
三块钱不是梦想。。。