In terms of Oil price, AA has already announced that they have hedged 48% brent oil at $67 for 2019 Q1 and 27% at $65.40 for 2019 Q2. And given that oil is so much lower that those figures, pretty sure AA has already hedged much more at lower price. So in my opinion dont have to worry about oil prices at least until Q2 2019
Fuel price was priced at an average of $95 for 3Q2018, compared to $63 the previous year. So to me, for Airasia operating revenue to drop by around 40% is considered quite okay already, cos other airlines all still making losses. Fuel price increase by almost 50% and yet AA still able to make profit, imagine with the fuel price now, AA profit confirm fly.
Now many ppl buying at 3.03-3.05 and sell at RM 3.09-RM3.12 to earn some money. So keep going down and up. Wait nex week last 2days might see larger buying force.
LongTerm trader no need worry about the up and down. Airasia keep expanding their business and finding way to cut cost . Eg: expand in Vietnam and Indonesia. They still finding ways to expand to the other country. In long term, sure u can see their revenue keep growing.
Next week two days expect to see volume coming in for those who want get dividend. Fundamentally, AA is still considered quite strong. Their market share in all countries they operate in is increasing year on year according to their report. Ignore the short term swing and aim for long term gainssss
ChefSaham Next week two days expect to see volume coming in for those who want get dividend. Fundamentally, AA is still considered quite strong. Their market share in all countries they operate in is increasing year on year according to their report. Ignore the short term swing and aim for long term gainssss
This share could go to 2.35 - 2.40 after ex date So be careful folks, it rose from 2.35 in November till now 3.06 It is more then the 40s sdiv. Thus I think it is expensive at the moment
Fed going to take wait n see spproach in raising rates....coz a massive u turn in dow jones....usd going weakening..money flowing bak to asia again 2019...good yr to fly....
Monitoring committee recommended a production cut OPEC agreed a cut will be forthcoming Russia went back home to check in with Big Daddy to see if it could play too Production cut quantity not specified Exempt members not named (Libya, Nigeria, Iran all asking for one) Meeting ended for the day, to resume tomorrow Russia expected back at the table tomorrow Oil prices still down as disappointed traders still skeptical Press conference that was supposed to take place after the meeting has been canceled, suggesting that whatever has been decided thus far (or not decided) is disappointing
From comments made by Iran's OPEC governor: "Some producers have limited production capacity. Therefore, they may be faced with lower demand for production, while on the other hand, they lack any spare capacity for increased production, if need be," he said in comments published by Iran's oil ministry. "That strengthens the possibility of exit by minor member states. That is not impossible."
If no FED rate hike this Dec, Ringgit will be strengthening. If no big cut of oil supply by Saudi and Russia, Oil price will fall. These definitely benefit hugely to AA.
U.S. crude oil prices tumbled 2.7% to settle at $51.49 a barrel. Brent crude oil prices fell 2.4% to $60.10. Both crude futures contracts are near 2018 lows following a big sell-off in recent months.
Nex tuesday Sultan Selangor Birthday, so after today left 1more trading day to reach ex-date. Today and monday might push up a little bit. Should be around 3.10 before ex-date.
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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....
Bobii
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Posted by Bobii > 2018-12-06 19:30 | Report Abuse
but if no one sell less 0.4, the price won't be less 0.4 right? why is it a sure thing it will drop 40sen? the price is adjust by bursa me???