Posted by Yi Heng > 2019-02-21 20:21 | Report Abuse

haha abilakh, let them sell only unless u also buy a lorry of aax too haha

Posted by saham4u > 2019-02-21 20:33 | Report Abuse

Not bad, nanti Jaya bersama rakan2 sekaliannya terumatanya dengan Betkaukau dan Abilak boleh start buat promosi buy buy buy

Posted by dusti > 2019-02-21 20:59 | Report Abuse

Good run. Thanks Tony.

Posted by Betkaukau > 2019-02-21 21:27 | Report Abuse

Nanti? Promosi buy buy buy started from 2.90+. Lu kat mana?

Posted by saham4u > 2019-02-21 21:30 | Report Abuse

Baru balik dari surau

Posted by TtreeInvestor > 2019-02-21 21:35 | Report Abuse

Not everyone can read financial report of AAX, tomorrow expect some profit taking from retailer side. It is a good news to AAGB as AAX cash flow is positive and minimal chance to request capital injection.

Posted by TtreeInvestor > 2019-02-21 21:58 | Report Abuse

If tomorrow C65 drop below 0.03 then can eat up as much as possible. If you study AAX latest quarter result, you will know the major loss of this year due to impairment of receivables which is non cash items. Operating wise it generate 90m cash flow for whole year. For sure AAGB will have good profit.

Posted by Jaya > 2019-02-21 21:58 | Report Abuse

Saham4u
This is a good company la, you need to accept the fact brother

Posted by TtreeInvestor > 2019-02-21 21:59 | Report Abuse

Is a smoke grenade to announce such AAX result before AAGB result.

Posted by JonasChia > 2019-02-21 22:33 | Report Abuse

rmb that previous qr report AA can increase profit is because it has deferred tax maybe will defer to this qr and pay? correct me if im wrong

Posted by Stockpicker > 2019-02-21 22:41 | Report Abuse

AAX's result is bad:

1) Average fuel price increased 29%
2) Average passenger fare reduced 6%
3) Average ancillary revenue per passenger reduced 3%
4) Load factor reduced 5%

Taken together, it means AAX was not able to pass on fuel cost increases to customers as demand sagged. This is also reflected in lower Sales in Advance of 676m compared to prior year of 715m.

AAX's passengers are typically leisure travellers and are affected by disposable income and confidence level with the economy whereas AA's passengers are business / routine travellers, thus, demand is more inelastic. But the risks is AAX will require rights issue to recapitalise its weak balance sheet which will affect AA's dividend.

Posted by Springtime > 2019-02-21 22:54 | Report Abuse

Why up so much these couple of days? Insiders know QR results is good/great compare to AAX?

Posted by supersaiyan3 > 2019-02-22 01:09 | Report Abuse

I think there is an error in AAX reports, I think earlier YiStock spotted the same thing. Don't panic, wait for the (amended) result.

Posted by supersaiyan3 > 2019-02-22 01:28 | Report Abuse

If the error is confirmed, then profit should be 15m, simply can't have so much effect from tax. A company that doesn't make money can have so much tax burden?

Anyway, as predicted, maintenance and operating expenses dropped sharply, that's the only good thing.

This reminds me of what Mao did in the 50s. Say you produce 2 tons of grains, but the officer report 10 tons of grains, tax is 20%, so the farmers got nothing left to eat. Sad Chinese and AAX.

Posted by supersaiyan3 > 2019-02-22 01:31 | Report Abuse

Continue charging tomorrow....

I hope so......

But many silly people.....

Posted by Jaya > 2019-02-22 01:39 | Report Abuse

Supersaiyan3
If people panic sell it is their loss bro
AA results will be good so just have faith people
Just wait and collect dividend people

Posted by digi_three > 2019-02-22 01:50 | Report Abuse

aiyoo AAX is so budget they use Excel spreadsheet to do their P/L statement meh? no more uses SAP meh? if they use SAP no error one lor. the system is smart enough to tell you cannot have too much tax if you dont make too much money haar? kikiki

Posted by Stockpicker > 2019-02-22 03:17 | Report Abuse

The reports are probably correct.

AAX's Property plant and equipment dropped from 1.65b in Q3 to 0.62b in Q4. Assets were shifted to Assets held for Sales (Current Assets). That likely meant:

1) there will be sale and lease back of assets to raise cash.
2) the higher tax is due to earlier capital allowance recognised being reversed when assets are shifted from Non-Current Assets to Assets Held for Sale.

This is focus on short term cash flow vs long term financials ...... I suspect there will be rights issue in the near future and AA will have to set aside cash to subscribe.

Posted by supersaiyan3 > 2019-02-22 04:45 | Report Abuse

Stockpicker, thanks, I think you are right.

Posted by TtreeInvestor > 2019-02-22 08:03 | Report Abuse

Seem the AAX result created some talking point. Today may have some slot for last round entry.

Posted by Betkaukau > 2019-02-22 08:09 | Report Abuse

Already started pattern S

Posted by Ximon Lim > 2019-02-22 08:12 | Report Abuse

@stockpicker How asset held for sales related to reversal of DTA ya? Or I miss understand?

Posted by Betkaukau > 2019-02-22 08:28 | Report Abuse

Monkeys go bananas today..

Posted by Stockpicker > 2019-02-22 08:37 | Report Abuse

AAX

Fuel hedging
As at 30 Sept 2018, outstanding number of barrels of Brent and fuel derivative contracts was 251,232 barrels (2017: 1,265,510 barrels).

Fuel hedging
As at 31 December 2018, outstanding number of barrels of Brent and fuel derivative contracts was 4,857,328 barrels (2017: 364,862 barrels).

Consumption in Q4 was 1.3 million barrels. This meant AAX hedged approx 11 months of its fuel requirements for 2019 ..... I suspect AA should have similar pattern which will be good as it may mean that it has locked down cheap oil prices.

Posted by TtreeInvestor > 2019-02-22 08:38 | Report Abuse

See whether this AAX results manage to save CIMB or not.

Posted by TtreeInvestor > 2019-02-22 08:48 | Report Abuse

Stockpicker, good finding. With this base locked in cost, then what AA need to do is only focus to boost the sales and improve efficiency of the operations.

For the balance of cash at bank, then have to spend out.

I just suspect that the volume all holding by institutional investors and the price surge is unstoppable. Is it any news that it will be have some major announcement accompany together with this quarter result?

Very unusual movement.

Posted by TtreeInvestor > 2019-02-22 08:54 | Report Abuse

While securing the base profit d, now taking more aggressive way to bet again for this quarter major announcement. IF there is any special dividend/expansion plan/interim dividend/good core profit to be announced, then will hit the jackpot.

Posted by Jona0724 > 2019-02-22 08:57 | Report Abuse

seen open gap down... AAX sure got affect AA price...

Posted by TtreeInvestor > 2019-02-22 09:02 | Report Abuse

*Gap down is not that bad, dont think negatively.

Posted by Abilakh > 2019-02-22 09:03 | Report Abuse

stockpicker, very good analysis

Posted by TtreeInvestor > 2019-02-22 09:04 | Report Abuse

It is expected profit taking by many retailer investors this morning as want to secure profit in hand. While the other side investor actually come out to continue collect their daily target volume of 5m-8m.

Posted by EST85 > 2019-02-22 09:04 | Report Abuse

Drop below 3 then can add more ++ :P

Posted by Jona0724 > 2019-02-22 09:04 | Report Abuse

gap down normal la. if not no chance to push another high

Posted by Betkaukau > 2019-02-22 09:04 | Report Abuse

@Saham4u. Where r u? Help

Posted by TtreeInvestor > 2019-02-22 09:06 | Report Abuse

Now again, collect something in bin center. Lets see whether the bet is correct. Another Carlberg with RM1 dividends (final plus special dividend, hope so).

Posted by Liong Ing Kiat > 2019-02-22 09:09 | Report Abuse

Sold at 3.19.. too scared..

Posted by salman > 2019-02-22 09:10 | Report Abuse

don't call for saham4u...he is a sick guy

Posted by supersaiyan3 > 2019-02-22 09:13 | Report Abuse

Thank you very much those sold cheap. Huhu

Posted by EST85 > 2019-02-22 09:13 | Report Abuse

hahaha.. so scary then u should put your money in FD.
Zero risk~~

Posted by Liong Ing Kiat > 2019-02-22 09:14 | Report Abuse

seems a mistake .. now 3.23 .alamak

Posted by EST85 > 2019-02-22 09:15 | Report Abuse

See shark in start collecting.. You sell they buy.
Pity retailers..

Posted by TtreeInvestor > 2019-02-22 09:16 | Report Abuse

Told that retail investors will worry, last week retail investors are more towards short term trader which do not have intention to hold long. But also cannot blame because every one have their own risk profile and the intention to lock in profit.

Posted by TtreeInvestor > 2019-02-22 09:16 | Report Abuse

See the volume eat up so fast?

Posted by TtreeInvestor > 2019-02-22 09:17 | Report Abuse

more than 2.8m volume just 15 mins

Posted by EST85 > 2019-02-22 09:18 | Report Abuse

Learn for this time lo. But you safe your profits.
Results not out yet.. No worry~~bro
Tony is accountant background sure know how to manipulation the FS.

Posted by TtreeInvestor > 2019-02-22 09:24 | Report Abuse

Is market maker eat up the volume. After eat up more than 3-4m volume which is the balance yesterday the retailer bought, then will have show in afternoon section. Now the issue is when AAGB result to be announced.

Posted by A82232666 > 2019-02-22 09:24 | Report Abuse

why the retailer so STUPUD

aiyo

if so scare, dont buy la...

the shark is collecting now

crazy and stupid retailers

Posted by TtreeInvestor > 2019-02-22 09:25 | Report Abuse

More than 3.2m already the volume.

Posted by salman > 2019-02-22 09:26 | Report Abuse

shark keep buying...must be good news coming

Posted by stanleysew > 2019-02-22 09:26 | Report Abuse

When will the result out