Posted by awsomechan > 2019-05-30 11:53 | Report Abuse

All sifu. what is MFRS 16 ?

Posted by bose00 > 2019-05-30 11:54 | Report Abuse

read the QR first and make some calculation. Then make your own value judgment . Not difficult at all.

Posted by goldenmamba93 > 2019-05-30 11:59 | Report Abuse

Accounting standard - Lease. Basically a standard on how AA treat their sales and lease back accounting treatment (e.g. depreciation, lease cost). Tats why got impact compare to last year quarter.

Posted by Hahagang > 2019-05-30 12:00 | Report Abuse

MFRS 16 is to bring off balance sheet item to be in on balance sheet

Posted by Hahagang > 2019-05-30 12:03 | Report Abuse

31% yield ? Live will be easier if like that...

Posted by fitman > 2019-05-30 12:10 | Report Abuse

Clear the firat batch who eager to take fast profit, then share price will slowly move up towards RM3.30

Posted by Stocker > 2019-05-30 12:15 | Report Abuse

Market will up n down bro .. chill when up sell and when down buy

Posted by ttluck > 2019-05-30 12:16 | Report Abuse

hentam je....better than FD....after ex-div drop sure will come back....treat as long term invest..

Posted by maoyap > 2019-05-30 12:25 | Report Abuse

Tp first. Will back to 2.65

Posted by JN88 > 2019-05-30 12:32 | Report Abuse

Let JN 88 sifue tell you one thing....shark are collecting now....

Posted by Lanesra > 2019-05-30 12:33 | Report Abuse

Punters will be punters, i pity those who buy and sell without even seeing those slides of qr which are simplified for idiots to see but still useless

Posted by JN88 > 2019-05-30 12:39 | Report Abuse

Tommorow Airasia movement:

9.00am: many sohai looking at computer screen.....IB people punch in office
9.15am:many sohai ganjiong.....IB people come out from toilet , make a cup of coffee
9.30am: many sohai start to sweeting....gang jiong dunno buy or sell...or hold....IB boss come in office
10.00am: draft of analysis done...talking bad about AA....many sohai start to sell....
10.01am: IB analysis released .....more sohai start to sell airasia shares.....
10.05am: ALL IB people start to buy......push till 12.30pm
12.30pm: many sohai regret to sold their holding shares.
1.30pm: IB investor and news start report surge of Airasai base on dividend
2.30pm IB people buy more....all sohai who sold off start to blaming themself..
4.30pm: sohai start to take action buy higher
5.00pm:start to drop a bit....IB people all laughing to the bank.

Next day: all sohai start to blame Tony ....

Story end

Posted by JN88 > 2019-05-30 12:40 | Report Abuse

Lanesra: no need to see QR.......grab car buy Airasia tickets......seat into airplane ....watch your business live...... you read too much QR.....I believe you paid a lot for sifu....

Posted by JN88 > 2019-05-30 12:45 | Report Abuse

PublicInvest Research:

AirAsia Group Berhad - Higher Maintenance & Overhaul Cost

Nah 12.29pm Sohai Public banker posted ady.....they no buy Airasia ....so keep kepo

Posted by JN88 > 2019-05-30 12:47 | Report Abuse

AirAsia reported lower net profit in 1QFY19 to RM96.1m. Excluding forex gain, tax incentive and FV gain on derivatives of RM8m, its core net profit stood at RM104.6m (-71% YoY). The results were below ours and consensus’ full year estimates, accounting for 10% and 11% respectively. The discrepancies were mainly due to higher-than-expected maintenance & overhaul and user charges cost. Higher maintenance and overhaul cost (+64% YoY) was owing to higher number of leased aircraft post aircraft monetization exercise in 2018. To note, there is a differing accounting treatment for major overhaul cost for leased aircraft and owned aircraft. For aircraft under lease agreement, any major overhaul will now need to be expensed immediately to P&L, according to MFRS16. We adjust accordingly our estimates to reflect the adjustments for FY19-21F. As a result, our earnings was cut by an average of 47%. We downgrade our call on AirAsia to Neutral, and revise downwards our target price to RM2.33 (previously RM3.50) pegged on 11x of FY19F EPS. AirAsia declare a special dividend of 90 sen, translating to a 34% dividend yield.

Higher airline revenue due to higher RASK. For 1Q19, revenue surged by 9% YoY to RM2.8bn, despite the increase in available seat per km (ASK) by 11% YoY. This was mainly due to a 3% YoY increase in revenue per average seat km (RASK) to 15.10sen, coupled with higher passengers carried during the quarter of 18% YoY. This was in line with its passenger seats sales that jumped by 15% YoY to RM2.1bn. Meanwhile, ancillary revenue jump by 29% YoY to RM663.7m. However, its unit passenger revenue declined by 3% from RM218 to RM212 per pax.

Higher CASK due to higher maintenance & overhaul cost and weaker currency. Cost per average seat km excluding fuel (CASK ex-fuel) in 1Q19 escalated by 11% YoY to 9.14 sen (vs 8.22 sen in 1Q18). This was on the back of higher maintenance & overhaul cost as well as depreciation of Ringgit and Rupiah. We understand that due to MFRS16, there is an additional non cash maintenance provision of c.RM100m in 1Q19 due to higher number of leased aircraft post its sale-and-leaseback aircraft arrangement. Average fuel cost was flat YoY at USD83 per barrel in 1Q19, with fuel consumption increased by 8% YoY to 2.8m barrels. Correspondingly, the Group recorded higher aircraft fuel expenses to RM956.7m (+12% YoY), resulting CASK to increase from 13.55 sen to 14.57 sen. Overall, core net profit for 1Q19 declined 71% YoY to RM104.6m.

Outlook. The Group expect all its ASEAN air operator’s certificate (AOCs) to be profitable for 2019. It will be adding net 18 aircraft in 2019, of which 11 aircraft will be allocated for AA India (AAI) (Table 4). AAI is expected to receive the approval to fly international by October 2019. We also understand that the Group is expecting to monetize another 9 aircraft in the immediate term, estimated to be c.RM1.5bn. The proceeds will be to finance part of the 90 sen special dividend payout.

Special dividend of 90 sen. AirAsia declared a special dividend of 90 sen/share, translating to a dividend yield of 31%. The dividend payout will be partly financed by the proceeds received from recent disposal of 25 aircraft to Castlelake. The dividend payment was set to be paid on 29 August 2019.

_________________________________________________________________________

Nah you see you see.......The dividend part only 4 lines ......cost explanation more than 4 line.....

BIAS

Public bank so rich are?? sell their asset give dividend la....THEY WILL NOT....bcoz all money for their director grand children....give you no way...

Posted by JN88 > 2019-05-30 12:51 | Report Abuse

30/05/2019 3.01 2.33 -0.68 (22.59%) HOLD PUBLIC BANK
30/05/2019 3.01 2.20 -0.81 (26.91%) BUY KENANGA
30/05/2019 3.01 3.35 +0.34 (11.30%) BUY HLG
30/05/2019 3.01 2.97 -0.04 (1.33%) HOLD AmInvest

Posted by PotentialGhost > 2019-05-30 13:00 | Report Abuse

Tony today confirm sure sapu alot

Posted by fkser > 2019-05-30 13:04 | Report Abuse

Tony Run away

Posted by stockmkt101 > 2019-05-30 13:09 | Report Abuse

I have never complained about getting dividends, especially fat special dividends of 90c!!!

Posted by siaoliao > 2019-05-30 13:22 | Report Abuse

next year dividend rm3 .......jitao delisted

Posted by Lanesra > 2019-05-30 13:23 | Report Abuse

9.00am: many sohai looking at computer screen.....IB people punch in office
9.15am:many sohai ganjiong.....IB people come out from toilet , make a cup of coffee
9.30am: many sohai start to sweeting....gang jiong dunno buy or sell...or hold....IB boss come in office
10.00am: draft of analysis done...talking bad about AA....many sohai start to sell....
10.01am: IB analysis released .....more sohai start to sell airasia shares.....
10.05am: ALL IB people start to buy......push till 12.30pm
12.30pm: many sohai regret to sold their holding shares.
1.30pm: IB investor and news start report surge of Airasai base on dividend
2.30pm IB people buy more....all sohai who sold off start to blaming themself..
4.30pm: sohai start to take action buy higher
5.00pm:start to drop a bit....IB people all laughing to the bank.

Next day: all sohai start to blame Tony ....

Story end

haha ty JN88 this made my day, yes i3 forum has become pasar malam.
I want to explain what mifr16 is about but then when I see the comments in the forum I lost all mood

Posted by jiunn > 2019-05-30 13:26 | Report Abuse

My 2,00 parking not done yet..

Kenang & IB calling SELL below 2,00

Posted by Betkaukau > 2019-05-30 13:26 | Report Abuse

Any sochai buy above 3.00 today?

Posted by JN88 > 2019-05-30 13:27 | Report Abuse

Lanesra: why we need to tell you what is Mifr16??

You can come to my talk/class.... RM499 from 8am-5pm

If two person : RM888 per person..8am-5pm

If Gold subcriber: RM 1888 will send u a report...

which package you want?? Then i only tell you what is MIFR16

Posted by jiunn > 2019-05-30 13:28 | Report Abuse

TF play....2,90 - 0,90 —-> 2,00 ex date pricing!!

Posted by KAQ4468 > 2019-05-30 13:29 | Report Abuse

gua punya RM2500 per head ... 2 days full classes

Posted by JN88 > 2019-05-30 13:29 | Report Abuse

If you dont want gold subcriber you can take silver-RM1588....

If you dont want silver -you can take platinum: RM 1388

Only you subcribe then i let you know....

Faster decided i need your tuition fee to buy more dividend stock like Heineken and Carbergl...

Posted by KAQ4468 > 2019-05-30 13:30 | Report Abuse

mampuihhhhhh ...



Posted by Betkaukau > May 30, 2019 1:26 PM | Report Abuse

Any sochai buy above 3.00 today?

Posted by Lanesra > 2019-05-30 13:30 | Report Abuse

haha jn88 I want Diamond pass please. Sorry is MFRS16 actually typo. Mifr is part of my real life job lol. That one u need to come to my class JN88

Posted by siaoliao > 2019-05-30 13:35 | Report Abuse

who wanna attend my class , is free but u must giv me a blow job

Posted by JN88 > 2019-05-30 13:38 | Report Abuse

JN88 sifu give one more free hint: free one no need RM 388, RM 688 no need fee.

Look at the Logistic> Look at the Sigapore Airline > All this will kill your MFRS16

Posted by Poison13 > 2019-05-30 13:38 | Report Abuse

Funny those comment limit down lah

Posted by JN88 > 2019-05-30 13:38 | Report Abuse

RM11 billion debt is nothing for AA.... Their revenue will break RM 20 billion per year soon...

Posted by siaoliao > 2019-05-30 13:40 | Report Abuse

JUST A BLOW u will get a job .....so simple

Posted by paktua73 > 2019-05-30 13:43 | Report Abuse

siaoliao@who wanna attend my class , is free but u must giv me a blow job
30/05/2019 1:35 PM
==================
paktua wantttttttttttttttttttttttttttttttttttttttttttt
hehehehehe

tut tut
suka gurau gurau

Posted by northeasttrend > 2019-05-30 13:44 | Report Abuse

sifu sifu sekalian, u think tp 3.30 possible before ex date ?

Posted by JN88 > 2019-05-30 13:44 | Report Abuse

JN88 sifu give one more hint: nah you see Maybank earn 1.8 billion , this Q no dividend?? where is the money go??? Director lo Manager lo, HOD lo....aM lo.....buy car lo....

Posted by Lanesra > 2019-05-30 13:49 | Report Abuse

Lanesra Sifu give you all extra hint, what do you think may bank will do to aa shares?

Posted by Fabien Extraordinaire > 2019-05-30 13:49 | Report Abuse

Don't mislead people. Maybank has always been declaring dividends in Q2 and Q4.

Posted by JN88 > 2019-05-30 13:51 | Report Abuse

Lanesra: Diamond RM3999...for one year.

Posted by JN88 > 2019-05-30 13:53 | Report Abuse

Maybank is the biggest and Halal AH LONG in MALAYSIA...THE AH LONG V LICENSEE....

No must contribute to society ......BORROW U MONEY..... three generation keep working hard and pay the loan...

Posted by JN88 > 2019-05-30 13:54 | Report Abuse

Fabien Extraordinaire : AH LONG company cant each Quarter pay dividend meh?? why must 6 MONTH??

Posted by freddiehero > 2019-05-30 13:58 | Report Abuse

sometime an eagle will forgot how to fly..

Posted by northeasttrend > 2019-05-30 13:59 | Report Abuse

wah..so deep! newbie don't understand

Posted by JN88 > 2019-05-30 14:00 | Report Abuse

Example: YOUR salary rm 5000 . You loan a house RM2000, Loan a car RM 600

Interest for House RM 1850, Interest for Car RM 150.

The money you pay for bank RM 2600, RM 2000 is pay for interest.

What kind of this business?? AH LONG BUSINESS LO.... Sure ear MONEY.

Hired group of people count the risk of borrower.....finally sure earn if they not able to pay.
_______________________________________________________________________

All Manager , Director sit in office , fat fat salary, commission, bonus..... dividend 6 months satu kali....

Posted by qqq3 > 2019-05-30 14:05 | Report Abuse

nowadays it is $ 5000 salary X 2

Posted by origamiandair > 2019-05-30 14:06 | Report Abuse

JN88 give you +10 like.

Posted by JN88 > 2019-05-30 14:08 | Report Abuse

qqq3: my example for newbie who had a trap into developer and bank trap....

Developer selling a apple at RM 500k that should be sell at rm 300k.... bank gang v deveoper giveing loan to trap people.....

Once you sign the S&P..... first month bank ady earn your interest gao gao......once you tahan 3 years paying for housing loan....the risk of bank reduced....this kind of AH long ...powerful le...

Posted by siaoliao > 2019-05-30 14:08 | Report Abuse

We need inflation to pay old debt.......hehehe PRINT MORE RM pls

Posted by origamiandair > 2019-05-30 14:09 | Report Abuse

Just go to the VIP parking in the such companies punya basement. Look at the cars.

My former company punya was like really ... WOW. Especially when the chairman masuk. His one car cukup to sara some people for a lifetime.