Hi, anyone what happen to airaisa...are they doing corporate exec and issued warrant to us.. Friday chart 2.85 but the whole chart adjusted to 2.00... Pls let teach me tq...
@Min Kuan Lau, If that "idiot" bought at RM2.85 on 26 July & sold at RM2.03 on 29 July, he actually gained RM0.08 in one trading day because he gets RM2.03 on 29 July & will get cash refund (special dividend) of RM0.90 on 29 Aug (i.e. he gets total RM2.93). RM2.93 minus RM2.85 = RM0.08 profit, i.e. 2.8% profit in one trading day (not bad!). Actually that "idiot" usually earns more than RM0.08 if he could sell at somewhere near to RM2.15 on 29 July (he actually earned between RM0.08 to RM0.20). That "idiot" could earn up to 7% profit if he could sell at RM2.15 (high on 29 July). That's y there were so many "idiots" asking people to sell b4 ex-date so that the price could fall as low as possible for them to buy b4 ex-date. They asked people to sell b4 ex-date but they buy from people b4 ex-date. Then they asked people to buy on/after ex-date (to chase up the price) so that they can sell at high prices on/after ex-date. So who are the real "idiots"?
-------------------------------------------------------------- Min Kuan Lau: Cendol drop too much la... Who the idiot selling so cheap... 30/07/2019 11:53 AM -----------------------------------------------
RM2.03 is definitely a good entry price! Based on past ex-special dividend trend... AA's price usually trended up. Of course, I give no guarantee now..... buy at your own risk. Good luck!
Public Bank analyst gave ex-special dividend TP of RM2.33 which I think is a reasonably achievable TP (probably within a few weeks..... my guess is within 2 or 3 weeks).... again, no guarantee given (bear your own risk).
if u look at the technical chart in I3, Airasia has been trending down slowly since 4/7/19, when it closed at 2.04 (adjusted for div.). seems like more selling pressure in the short-term,n limited upside (2.15). may even drop down to 1.80 before rebound, safer to avoid first.. 30/07/2019 2:49 PM
@bursatrader2018, it depends on what time-frame chart u r looking at. If u only look at the past 3 weeks chart then yes, it was trending down because IBs were pressing down the price b4 ex-date. But if u look at the past 3 months chart then it formed something like a "staircase uptrend" (up 1 month, down 1 month, up 1 month, down 1 month.... each stair higher than the previous stair.
Talking about technical chart (TA), AA's 14 days RSI is now 7.8 % .....clearly oversold now! Well, the price may drop another few cents or it may shoot up another 10 cents tomorrow (nobody really knows what will happen) but if we can hold on or average down if it drops further.... then the chances of winning are higher (again, no guarantee given for my advise.... bear your own risk).
BTW @bursatrader2018, when it closed at RM2.03 on 29 July.... that was not a sudden downtrend. As I have explained earlier, RM2.03 = RM2.93 (if u add the 90 sen special dividend)... so it actually shot up from RM2.85 (on 26 July) to RM2.93 (on 29 July).
good luck to all holders of AA , good to take some profit bcause there is also market risk, bsides AA stk risk, n have a few stks in portfolio, so not put all hope in one egg only, can sleep better...
Knowing TF, he isn't giving away processing fees for free.... he is aiming for increasing market share, increasing sales volume (lowering operational cost) & retaining regular customers through BigPay.
Prior to dividend announcement, AA was about RM 2.45 and went up to 2.85 until ex dividend. AA 2nd quater is about the same as 1st quarter. Revenue is expected to hit RM 3 billion for the first time and net profit is around RM 100+ million as the fuel price is about the same in last 6 months.
So AA will rise up to RM 2.20 to RM 2.40 by end of august 2019
Agree with bursatrader2018.... market risk is a real threat for investors when our KLCI is currently in correction mode (could slide into a bear market.... but not yet for now). If this market correction turns into a bear market then even spreading your investments into a few different stocks will not save u from huge loss (unless u quickly liquidate your various investments & hold more cash than shares). Holding stocks with P/E ratio lower than 13 (or lower than 10 if want to be safer) is a safe bet during recession or bear market. AA's P/E ratio is 3.43 (where can u find such low P/E ratio in Bursa?).... please share with me any other stock with P/E ratio lower than 5.
To be 100% safe from market risk in case of recession or bear market, we can sell all our stocks & put the money into fixed deposits (FD) but FD interest rate is around 3 % p.a. or lower. At RM2.03, AA's dividend yield (excluding special dividend) is around 6 % p.a. (this is just too tempting.... it's about double of what u can get from FD).
over the 3 years period each time after ex dividend i will buy to accumulate for dividend or sometime i would sell when i have reach my target of the price
Look at AA record highest and lowest. Then you judge yourself and take your own risk. At the same time, observe the global market news and oil prices. And the most important thing is holding power, incase it goes south.
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....
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Posted by 7300 > 2019-07-30 09:12 | Report Abuse
very clever,sold underwears,no money pay debts got monies give u div :)