Q1 most probably won't be pretty since Tony already stopped bragging bout it.
Q1 will also be important as it will show the progress of the other businesses ex airlines, which I believe won't contribute much yet, maybe a little bit here and there from logistics.
Otherwise, really could go either way. Q4 might be the real show, but that said Q2 and Q3 are usually what people call the bad seasons for airlines.
Going long with AA anyway as the others in my portfolio. KLSE is just terrible this year. Sniping HK-listed China ones is way better than going for those O&G goreng.
Q1 might be good tho i think cos of CNY and march school holidays. based on histroy, Q1 is always the best quarter...2019 q1 can be good also due to above factors and oil price was largely hedged and significantly lower than last year...so still got chance
KUALA LUMPUR: Garuda Indonesia's subsidiary Citilink Indonesia says it has no plan yet to establish a business entity in Malaysia.
Dismissing reports linking it with such plans as “misleading”, Citilink however said it was continuously growing and expanding its business in Indonesia and other regional countries.
“In respond to the news regarding Citilink Indonesia establishing an entity in Malaysia through partnership with local Malaysian General Sales Agent (GSA), the management would like to deny the misleading information.
“As a member of Indonesian Flag Carrier Garuda Indonesia, Citilink Indonesia has no plan yet to establish a business entity in Malaysia, whether in a short or long term. Hereby, Citilink Indonesia strongly denies the publication of such misleading information,” it said today.
Even Resort World Sentosa in Singapore is struggling as Chinese tourists numbers (I believe account for more than half of the total) have declined. It's not only Malaysia.
China stock market also recovering only M'sia lag behind. When stock market good people got extra money to spend eg to go tour so I think China tourists will return to M'sia.
China economy is slowing down, that's a fact. But stocks recovered because the slowdown was not as severe as feared/expected.
On top of that, the positive feel good factor that returned could be down to the yet-to-be-concluded trade deal. Everyone is now thinking that a deal could be reached, but that is a BIG IF. Could go either way with that unpredictable Trump.
That said, I do agree that tourist numbers will slowly recover, that is a sure thing, sooner or later.
One of the problems with Malaysia and KLSE, I believe could be down to the fact that foreigners are moving their money elsewhere and the US as there are better opportunities. Look at most of the bluechips, funds and institutions have been dumping continuously for the past few months. Those with solid fundamentals have not been spared by the selldown.
aiyoo .... anybody know why KLSE nose dive today? very strange lorr .. no storm no rain suddenly drop lor ...any big news or statistics to be announced soon on our economy??
Selling our aircraft monetises all our aircraft at high prices and avoids residual risk and allows us to return cash to shareholders and invest in our new digital business," said Fernandes
While it's bond, any negative news gonna be bad for KLSE. Foreign outflow have been going on for months. Not the best news to see right now. Retail people gonna get panic and start going bananas.
Return cash to shareholders - presumably its by way of special dividends...
Selling our aircraft monetises all our aircraft at high prices and avoids residual risk and allows us to return cash to shareholders and invest in our new digital business," said Fernandes
if tan sri zeti was a governor she would have a press con this morning oredy to convince the investors lorr but that new makcik hor just sit quietly lorr in office watching the KLSE nose down ... aiyoooo!
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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!
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freddiehero
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Posted by freddiehero > 2019-04-16 20:13 | Report Abuse
but airasia rili steady in dept.. anytime meletup also.. but not now i guess..