AA is consecutive profitable and the company expected to hit a record high revenue and profit growth in the current fiscal year. Very optimistic to wait for the coming report.
haha if I am Tony I will definitely say good things about. my own company. Why will I downgrade my own company? Anyway if you are a long term investor its still cheap to buy aa, mid term find a good price to enter and exit after your profit hit your intended price. Short term punter please go to other counters
Ximon, you got the interpretation of that clause in the Term Sheet right already then your remisier's ill advice confused your mind again. I am stumped if that came from CIMB. By the way, Call warrants are deemed to be exercised automatically at 9am on the expiry date so the price behaviour of their mother share on that day can not possibly have any bearing on the expired call warrant's value.
The fair value of derivative financial instruments is determined in accordance with MFRS139 “Financial Instruments: Recognition and Measurement”
(i) Forward Foreign Exchange Contracts As at 30 September 2018, the Group has hedged approximately 74% of the USD dollar liabilities of its aircraft into Malaysia Ringgit (“MYR”) via Cross-Currency Swaps and Foreign Currency Swaps for aircraft deployed in Malaysia.
(ii) Interest Rate Hedging As at 30 September 2018, the Group has entered into interest rate hedging transactions to hedge against fluctuations in the US$ Libor on its existing aircraft financing for aircraft delivery from 2005 to 2018.
(iii) Fuel Hedging As at 30 September 2018, the Group has entered into swaps and options for both Brent and Crack which represent up to 13% of the Group’s total budgeted fuel consumption for remaining of 2018 and 6% for first half 2019.
In the fourth quarter of 2018 (“4Q18”), Thai AirAsia (“TAA”) recorded a load factor of 86%, slightly lower by 2 percentage points (“ppts”) from the same period last year. The number of passengers carried in 4Q18 increased by 3% year-on-year (“YoY”) recording 5.50 million passengerson the back of substantial capacity growth of 6%. Available Seat Kilometres grew by 8% as a result of longer flight hours as flights added were mainly to international destinations, leading to 2% growth in the average stage length. In 4Q18, TAA grew its total fleet to 62 aircraft, adding 2 aircraft during the quarter totalling to 6 aircraft delivered for the full financial year ended 2018 (“FY2018”). For FY2018, TAA carried 21.57 million passengers, up by 9% YoY and posted a load factor of 85%, marginally down by 2 ppts from the previous year mainly due to the slowdown of Chinese tourists. However, the gradual recovery of tourist arrivals into Thailand from the Visa-on-Arrival scheme imposed was seen in 4Q18.
From the 3Q18 Report, it would appear that only 13% of the 4Q18 fuel requirements as at 30 Sep were locked in at higher prices prevailing probably 12 months earlier. There was a straight line drop in Kerosene price of about USD30 between early Oct and late Dec last year. So if there were no significant hedging change during the 3 months, AA would have enjoyed cheap fuel prices for 87% of it fuel in the period.
A quick estimate for the average fuel cost for AAM in 4Q18 taking consideration of the Ringgit movement and historical kerosene prices, came up with a figure just short of USD80 against 3Q18's actual USD95 which would translate into a savings of around MYR200 million for 4Q18.
you said this "Don’t buy now, wait for announcement and ex date and then buy Most probably get it cheaper when people dump after ex date 27/02/2019 13:44"
Damn Jaya looks like for once you finally got your senses right after being bombarded many times.
Was waiting for you to come out with your non-stop Buy Calls right now right here.
Anyway, So is T.Fernandez going to declare another dividend of RM0.50 as how you were trumping around about ?
Chicken that lay golden eggs this one cannot say so high profile lah. But there are still: 1) One of the largest budget airlines which covering now with most of the ASEAN country 2) Potential of anciliary income (can reference to Southwest Airline, US) 3) Cash pile in the company
yes exactly ttreeinvestor is right, kawaiineh there is no `right' time to invest in stock lol. nobody can see the future, you need to know the company before you buy
Alamak Bullballs not around many bears pushed down the price. Bullballs cant wait for QR already. At this price better pick up some for some holiday funds
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 327 views | 4 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
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....
astalavista
2,278 posts
Posted by astalavista > 2019-02-27 10:35 | Report Abuse
Minimum dividend 12 sen ada lah...lebih lagi bagus lah tu