The “citi downgrade” is a bit of mystery or mistake. It is just hard to agree that it is based on facts.
I can understanding he predict this year will make less than last year, while low cost peers are doing better because of a lower base. I can’t understand every low cost airlines in the world is trading at 5 times PE? Or he uses other wrong methods of valuation just to achieve his conclusion.
Anyway, dumx asx.
Some positive news reporting says that this upcoming QR is really the beginning of sustainable contribution in terms of profit from associates companies. That is really good as all these years the sons have been dragging on Airasia.
Malaysia is entering slower growth as most of the routes are saturating. Still, I believe MAA IPO within the year.
Huat lah!!
Aiyo...just like you give same apple to few people to eat...not all people agreed the same apple good taste one mah...some people dont like to eat apple, some like that apple, some like that apple but say differently and senyap buy the same apple...hehe...RM40 levy for departure is small mah...who care?importantly, ask minister larh, the departure tax use on where better larh...hehe
HONG KONG (Jan 31): Citigroup strategists downgrade AirAsia Group Bhd to neutral from buy and raise their price estimate to RM3.01 from RM2.92 as they expect dividend yields to generate 5.6% total return.
* AirAsia earnings multiple is around a 13% discount to global peers; valuation looks fair as a 13% earnings decline seen at AAGB vs 11% growth at peers, Citigroup strategists led by Kaseedit Choonnawat write in a revised note dated Jan. 31
** Note corrects errors in share-count that affect per-share estimates and PT and rating; fundamental views remain unchanged as do underlying estimates, Citi says
* Cuts 2019/20 earnings ests by 11%/19% to reflect higher aircraft ownership costs and lower leasing income after divesting 79 aircraft in 2018 and a planned 25 in 2019
* See risks from potentially higher airport charges and departure levies, which would equate to additional expense of ~19% of 2019 earnings on an annualized basis; says AAGB may convince Malaysian government not to increase those charges
* See limited pricing pressure in Malaysia’s short-haul market as three key players plan to ease growth into the summer; that’s inadequate to gauge stock-price direction for AAGB as it’s going through a cycle of financial transformation
** “AAGB’s strategy at the current juncture is arguably akin to a private equity, where it invests in businesses from start-ups and exits at attractive valuation such as Thai AirAsia’s IPO in 2012 and the ongoing aircraft divestments”
** Note corrects errors in share-count that affect per-share estimates and PT and rating; fundamental views remain unchanged as do underlying estimates, Citi says
Looks like many people here cant comprehend a simple article written in pure English.
For those who missed it, here you go
** Note corrects errors in share-count that affect per-share estimates and PT and rating; fundamental views remain unchanged as do underlying estimates, Citi says
Betkaukau, are you really dumb ah bro ? No offence man.
Read this statement from the article: ** Note corrects errors in share-count that affect per-share estimates and PT and rating; fundamental views remain unchanged as do underlying estimates, Citi says
If you cant understand that, take up some English class bro
Why does Citi forecast earnings for competitor airlines to rise 11% while they see AA's dropping 13%?? Why the big difference? Is AA so inefficient that they are expected to lose sales while their competitors are doing well?
Citibank have lost all credibility. Just wanna spook retail players into panic selling their shares so they can scoop them up on the cheap. These pricks should be investigated for share manipulation.
Posted by RenegadeMaster > Jan 31, 2019 04:05 PM | Report Abuse
Why does Citi forecast earnings for competitor airlines to rise 11% while they see AA's dropping 13%?? Why the big difference? Is AA so inefficient that they are expected to lose sales while their competitors are doing well?
Citibank have lost all credibility. Just wanna spook retail players into panic selling their shares so they can scoop them up on the cheap. These pricks should be investigated for share manipulation.
This one depend on global and country one mah...our budget stated start from june1 2019 who travel to oversea pay 20 or 40 mah...airport tax depend on our MAHB decide mah...so others airline benefits larh...drop or rise we dunno mah...the amount so little...wait QR larh...
Would like to meet Saham4u also to prove to Jaya that saham4u is a different person and to prove to Jaya that I am not attached with CIMB OR CITI.
most importantly, I need our brother weiwong aka freetospeak aka Betkaukau to turn up too. Wouldn't mind sponsoring him by enrolling him into some free English classes so that he could improve his command of English
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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....
Shinnzaii
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Posted by Shinnzaii > 2019-01-31 14:00 | Report Abuse
>supersaiyan3 Say something.
The “citi downgrade” is a bit of mystery or mistake. It is just hard to agree that it is based on facts.
I can understanding he predict this year will make less than last year, while low cost peers are doing better because of a lower base. I can’t understand every low cost airlines in the world is trading at 5 times PE? Or he uses other wrong methods of valuation just to achieve his conclusion.
Anyway, dumx asx.
Some positive news reporting says that this upcoming QR is really the beginning of sustainable contribution in terms of profit from associates companies. That is really good as all these years the sons have been dragging on Airasia.
Malaysia is entering slower growth as most of the routes are saturating. Still, I believe MAA IPO within the year.
Huat lah!!
Aiyo...just like you give same apple to few people to eat...not all people agreed the same apple good taste one mah...some people dont like to eat apple, some like that apple, some like that apple but say differently and senyap buy the same apple...hehe...RM40 levy for departure is small mah...who care?importantly, ask minister larh, the departure tax use on where better larh...hehe