Posted by Beza > 2018-11-30 10:27 | Report Abuse

Special dividend of 40 sen, totalling RM1.3bn payout, was below MQ Research’s 75 sen expectation. Nonetheless, management has not confirmed balance utilisation of proceeds; total gross proceed is RM4.6bn. MQ Research sees potential dividend upside, likely to be announced in 4Q18 results, given management confirmed that net addition of 24 aircraft in FY19 will be on operating lease, thus minimal capex funding needs. Note that for the first time ever, AirAsia becomes a net cash airline post this aircraft leasing monetisation. Cash on balance sheet stands at RM4.4bn, 44% of market cap.

Posted by CharlesT > 2018-11-30 10:27 | Report Abuse

Posted by Betkaukau > Nov 30, 2018 10:23 AM | Report Abuse

CIMB really carzy expecting Airasia to give 94 sen for SD. Con Bank !!!

N also gives TP 3.72?

Geng leh

Posted by Lookie > 2018-11-30 10:29 | Report Abuse

Net profit rose 81.2% despite bad economy situation after GE14. Great! Cant imagine FY19. Hurray!

Posted by Shinnzaii > 2018-11-30 10:29 | Report Abuse

aiyo...CIMB try to lower down the price not good ah?they demand for another special dividend for 30sen...who know later air asia announce another 30sen...hehe

Posted by yxteo2 > 2018-11-30 10:29 | Report Abuse

So maybe hold until next qr still got another special dividend??? Good investment on aa

Posted by Lookie > 2018-11-30 10:32 | Report Abuse

Bank is a liar. Sunny day they give u umbrella, rainy day they take it back.

Posted by Wei Wong > 2018-11-30 10:33 | Report Abuse

Why announce after AA say give dividen ?? This CIMB no say earlier !! We all now know edi CIMB bank is no good con man !! Boycott CIMB !!

Posted by Beza > 2018-11-30 10:39 | Report Abuse

AirAsia reported its net profit jump by 81% YoY to RM915.9m in 3QFY18. Excluding forex gain of 45.9m, FV gain on derivatives of RM23.0m and net gain disposal of Expedia of RM170.9m and deferred tax income of RM515.4m, its core net profit for the quarter declined 68% YoY to RM160.7m. This was mainly due to increase in fuel expenses. For 9MFY18, AirAsia core net profit of RM837.1m came in below our and consensus full year expectations, accounting for 66% and 63% respectively. The discrepancy from our forecast was mainly due to higher-than expected fuel expenses in 3Q. Nevertheless, we expect earnings to improve on higher fare revision in 4Q, hence maintain our forecast for now. We maintain our Outperform call on AirAsia with unchanged target price of RM4.14 pegged on 13x FY19F EPS. The Group also declared a special dividend of 40 sen per share, to be paid on 28 December 2018.

3QFY18 revenue grew 6.6% YoY to RM2.6bn as a result of 9.1% increase in passengers carried to 10.8m. Unit passenger fare was flat YoY however (+0.5%) to RM222. Revenue per average seat km (RASK) declined marginally by 0.4% YoY in 3Q18. Management expects to achieve FY18 passengers’ load of 85%, with upward fare revision in accordance to higher fuel and competition in 4Q18.
3QFY18 core net profit declined 68% YoY to RM160.7m, compared to RM497.3m in 3QFY17. This was largely due to higher fuel expenses (+52% YoY) as well as weaker ASEAN currencies YoY against USD. Despite the increase in fuel costs, its Malaysian operation reported net operating profit of RM240.4m (-52% YoY). However, its Philippines operations reported net operating losses on higher fuel, closure of Boracay Island and weakening Peso against USD which led to higher maintenance and lease expenses. Its Indonesian unit was also hit by Mount Agung’s prolong volcanic activities, earthquake in Lombok, tsunami in Palu as well as weakening Rupiah against USD. Cost per average seat km (CASK) in 3QFY18 increased by 11.7% YoY to 14.30 sen. Average fuel cost increased to USD95/bbl compared to USD63/bbl in 3QFY17 (Table 1-3). We understand, the Group has hedge about 48% and 27% of Brent oil price of USD67.24/bbl and USD65.4/bbl for 1Q19 and 2Q19 respectively.
Dividend. Management has declared a special dividend of 40 sen per share from part of the proceeds of divestment in AAC to BBAM, to be paid on 28 December 2018. As at November 2018, it has transferred 79 aircraft and 14 engines, with remaining 5 aircraft is expected to be transferred by December 2018.
Source: PublicInvest Research - 30 Nov 2018

Posted by Beza > 2018-11-30 10:41 | Report Abuse

RM4.14 PublicInvest Research

Posted by jonathanlum > 2018-11-30 10:42 | Report Abuse

RM2.12 Cimb Research, wah lau ye..so much difference....

Posted by SharePlayer > 2018-11-30 10:43 | Report Abuse

That the reason why public bank is top bank and cimb is not haha.

Posted by KAQ4468 > 2018-11-30 10:44 | Report Abuse

Posted by jonathanlum > Nov 30, 2018 10:42 AM | Report Abuse

RM2.12 Cimb Research, wah lau ye..so much difference....




Posted by Beza > Nov 30, 2018 10:41 AM | Report Abuse

RM4.14 PublicInvest Research






waaaalllauuuuweeeeee

bank also pening ka

Posted by freetospeak > 2018-11-30 10:45 | Report Abuse

true cimb is the lauya analyst no one beleive anymore...lol ...i always bet the opposite of cimb ...lol

Posted by freetospeak > 2018-11-30 10:46 | Report Abuse

so in that sense quite accurate too...cimb..lol

Posted by Wei Wong > 2018-11-30 10:46 | Report Abuse

Boycott CIMB sell down to 0.01 then only we go in !!

Posted by Jona0724 > 2018-11-30 10:53 | Report Abuse

cimb share holding on hand not enough, public bank accumulate enough at low price. that's the different

Posted by freetospeak > 2018-11-30 10:53 | Report Abuse

ya ..they always do that when they loaded enuff...lol

Posted by Wei Wong > 2018-11-30 10:54 | Report Abuse

Maybank letting go CIMB folks !! Who like can go in good luck !!

Posted by jonathanlum > 2018-11-30 10:55 | Report Abuse

Jona0724, That makes sense....

Posted by goodjoe > 2018-11-30 10:56 | Report Abuse

CIMB, you think we are fools? What nonsense at 2.12. Credibility all out the window.

Posted by Wong SaiHoe > 2018-11-30 10:57 | Report Abuse

It is in a very high price now ?because its net asset per share is RM2.58.
it is too high valued.

Posted by Wei Wong > 2018-11-30 10:57 | Report Abuse

I boycott CIMB by the way !!
Hold Air Asia long term !!
Down lagi collect !!
In the mean time search for good company in !!
GenM maybe ?? Still looking will it drop abit more next year ??

Posted by astalavista > 2018-11-30 10:58 | Report Abuse

Year end window dressing too is very important..so I believe will hit 3.40-3.60 after ex-date

Posted by goodjoe > 2018-11-30 10:59 | Report Abuse

GENM will find a new partner more suitable to their working culture, theme park will be revived. Now they need to line the prospects up,not go look for partners.

Posted by TYS_Capital > 2018-11-30 11:00 | Report Abuse

this stock just can be played by medium and long term investors. like me, hold this stock for years in portfolio. AA never let me down.

Posted by freetospeak > 2018-11-30 11:05 | Report Abuse

AirAsia Group, which has a joint venture in India with the Tata Group, is expanding operations in the South Asian country and the unit will start international flights next year, Bo Lingam, deputy group chief executive officer, says in an interview.

* Local media reports that Tata has started initial talks to end the partnership are “absolutely a rumor,” Lingam tells Bloomberg Television’s Rishaad Salamat and David Ingles on Friday,

Posted by Richard Wong > 2018-11-30 11:06 | Report Abuse

TF consider best CEO in the current market, already show he willing to protect shareholders. Still want apa lagi. I buy from 3.5 until 2.3 then continue buy from 2.3 unitl 3.1. this time dividend already more than enough to cover everything still got so much capital gain. One SD revived my portfolio for 2018. That's it for my 2018.

Posted by Wei Wong > 2018-11-30 11:11 | Report Abuse

Boycott CiMB sell down to 0.01

Posted by trader9918 > 2018-11-30 11:14 | Report Abuse

what do you think is the price before the ex date 12/11

Posted by freetospeak > 2018-11-30 11:16 | Report Abuse

i guess 3.60 ex..3.20...about 40 sen from today closing

Posted by CharlesT > 2018-11-30 11:16 | Report Abuse

Jona0724 cimb share holding on hand not enough, public bank accumulate enough at low price. that's the different
30/11/2018 10:53

Hmm...I like this one

Posted by Richard Wong > 2018-11-30 11:17 | Report Abuse

If price before ex date below 3.4 for those whom bought today confirm sell after ex date.

Posted by XXXvalue > 2018-11-30 11:22 | Report Abuse

TF smart...don't dish out all otherwise people sell after ex date. Keep some to distribute later?

Posted by Wei Wong > 2018-11-30 11:23 | Report Abuse

If we see the record lah
EPF masuk
Public Bank masuk
Hong Leong do buiness with AIr Asia most likely masuk also
RHB do buiness with Air Asia most likely masuk also

CIMB only 1 to downgrade AA
Boycott CIMB sell down to 0.01

Posted by freetospeak > 2018-11-30 11:25 | Report Abuse

lol...poor cimb...let cimb masuk longkang

Posted by Jona0724 > 2018-11-30 11:25 | Report Abuse

CharlesT, jonathanlum

Thanks for support

Posted by Wei Wong > 2018-11-30 11:25 | Report Abuse

Maybank recommend CIMB who like can go in !! Good luck !!

Posted by freetospeak > 2018-11-30 11:31 | Report Abuse

when i think cimb i will always think of najib...very successful branding with celebrity...

Posted by Beza > 2018-11-30 11:32 | Report Abuse

“We think AAGB may be spreading out the special DPS payments in order to encourage investors to remain in the stock.

“We expect AAGB to declare another special DPS of 30 sen at the release of the 4Q18F results in Feb 2019, bringing the total special DPS to 70 sen, which is reduced from our earlier expectation of 91 sen as we think AAGB may need to conserve cash in a tough operating environment.

“Beyond this, AAGB is looking to dispose of the remaining 35 aircraft in MAA’s balance sheet sometime during FY19-20F, with the proceeds to be also declared as special dividends.

“Once completed, MAA will be an asset-light airline with its entire fleet on operating leases. We have not included any of the latter extra special dividends into our target price until we have more clarity on if and when it will take place,” it said.



https://www.thestar.com.my/business/business-news/2018/11/30/cimb-research-downgrades-airasia-from-hold-to-reduce/

CIMB

Posted by Davidyeap > 2018-11-30 11:41 | Report Abuse

#很傻很天真

核心盈利按年大跌90%，特别股息低于预期的一半，今天多数分析员都在下砍目标价，CIMB股票行直接建议丢票。
然而，天真无邪的散户们却还兴高采烈冲进去买票搭飞机（他们不知道以后AirAsia连飞机都不是自己的了），我只能说：
祝你们好运！

过了12-12-2018你想哭都哭不出来

Posted by freetospeak > 2018-11-30 11:44 | Report Abuse

the cimb giv wrong info...jet fuel price drop when crude opil drop they go in tandem...

https://www.iata.org/publications/economics/fuel-monitor/Pages/index.aspx

Posted by oregami > 2018-11-30 11:44 | Report Abuse

take 40c lose 80c

Posted by freetospeak > 2018-11-30 11:44 | Report Abuse

how can crude oil drop n jet fuel price remain high...

Posted by freetospeak > 2018-11-30 11:45 | Report Abuse

Jet fuel prices have remained stubbornly above US$80/bbl despite the recent collapse in Brent crude prices, lifting the crack spread to almost US$23/bbl. ..wrong info

Posted by lsj89 > 2018-11-30 11:46 | Report Abuse

damn, get it on 3.10, but the dividend still relevant for this price, gonna hold it for long term

Posted by freetospeak > 2018-11-30 11:47 | Report Abuse

previous jet fuel is at 100 ...drop so much already ...the qtr 3 average fuel price for aa is 102 i think...

Posted by Beza > 2018-11-30 11:48 | Report Abuse

AAGB is transforming to a travel technology company while davisyeap don't know ah.

Posted by Beza > 2018-11-30 11:49 | Report Abuse

davidyeap 很傻 not 天真 !

Posted by Shinnzaii > 2018-11-30 11:49 | Report Abuse

why dont go see oil price from july18-sept18?see high or low lorh

Posted by TomHagen > 2018-11-30 11:50 | Report Abuse

Don't trust shark, they just want to make money from you. Trust the financial figures and the macroeconomics.