Nonetheless, Maybank believes AirAsia’s 1Q17 profits (to be released after market close today) would not disappoint as the short-haul market remains strong.
“We estimate a core net profit of RM360mil, the lower year-on-year profit is expected as 2016 was an exceptional year.
Collaboration doesn't mean much, AA&AAX have been helping to sell tune Insurance together all this time. What is more? Discount? Key reason QR is poor due to the regulation and that is why they keep spending to promote their digitized insurance. So good benefit and high claim rate make it no better.
So when FT announced tie up "good news", I dumped all on that day. Just think this share gonna needs longer time..
On the AirAsia's China venture, Fernandes said it represents the first stage of establishing an airline there and the group is unfazed by concern of local airlines may lobby against the idea.
"It is the first stage and we are very proud and excited about it, there are many stages, we been through that in India, there should be something by the end of this year. I can't talk for the other airlines, but all over the world, airlines have been lobbying against us, but we still did it," he said.
Earlier this month, AirAsia signed a memorandum of understanding (MoU) with China Everbright Group and the Henan Government Working Group to jointly explore the planned establishment of a budget airline in China.
The MoU enabled AirAsia, Everbright and the Henan Government "to confirm their interest" in forming joint venture (JV) entity AirAsia (China). Henan is a province in central China.
The MoU parties planned to incorporate AirAsia (China) in Henan's capital city Zhengzhou, which is intended to be the headquarters of AirAsia (China).
If based on Tony's speech, everything is big and better! But as what you see the result is terrible. Tony's word is fake, opt in ruling impact is true. Pls don't lie yourself. The fact always is cruel.
Means they can't put the air ticket price with insurance. Must make it separately, unless customers himself really want to tick it up, or else most customers wouldn't buy. In hundred customer who bought air ticket, probably only got 3-5 people's will buy it only. And the most disaster point is, tuneprotect until so far don't have any solutions to solve it, but only talk big in front of public.
Tune Protect Group seeks acquisition in Indonesia Posted on 22 May 2017 - 01:36pm Ee Ann Nee sunbiz@thesundaily.com
Print PETALING JAYA: Tune Protect Group Bhd is still actively pursuing an acquisition opportunity in Indonesia. Indonesia is the third largest market contributor to its travel business and the biggest market in Asean with a large number of its more than 260 million population completely unprotected. Group CEO Razman Hafidz Abu Zarim said it is talking to several parties on the exercise. "It's a tough market to penetrate but we want to ensure we tie up with the right partner," he told a press conference after the group's AGM and announcing its digitisation initiative with AirAsia here today.
From above article, you should already know that Tony and it's fellow not dare to talk traveller will back to buy travel insurance... They are no confidence at all. They only can talk other thing, to distract people to their empty big plan.
This point of time is low enough you can always wait till rm 1, hopefully like what you said it would drop to rm 1, keep your wait it should happen in maybe another 10yrs who knows?
All these expansion by Airasia is good4tune whether profitable for Airasia or not.
KUALA LUMPUR: AirAsia is continuing its expansion in the region to become a truly Asean airline, group chief executive officer Tan Sri Tony Fernandes said.
He said the expansion continued with the impending joint venture (JV) in Vietnam and interest expressed by the Cambodian government for AirAsia to venture into the country.
“So, the Asean story goes from strength to strength,” he said in a video message on the overview of the airline’s performance last year and outlook in Kuala Lumpur on Monday.
AirAsia Bhd chief executive officer and executive director Aireen Omar said outside of Asean, the company’s newly set-up Japanese subsidiary was expected to start operations in the second half of this year.
She said in addition, the airline recently signed a memorandum of understanding for a JV to establish a low-cost carrier in China.
“To facilitate AirAsia’s growth, we have established a fleet delivery plan that runs up to 2028.
“This year, the group fleet size is expected to increase by 29 aircraft, which will bring it to 203 A320s by year-end,” she added.
Aireen said apart from the passenger service business, the airline would also focus on increasing ancillary income such as revenue from seat selections, inflight WiFi service, food and beverage, baggage fees, fly-thru flight transfer and duty free products.
“Ancillary income is a high margin business and fuels growth for the company. It is making more meaningful contribution to our earnings and provide an additional source of revenue to buffer against uncertainty,” she added.
She said that last year, ancillary income grew more than 10% to RM48 per passenger.
Meanwhile, to keep AirAsia running at low cost, Aireen said, the airline was centralising many processes to reduce redundancies and optimise cost.
“By centralising many of our functions across the group, we will be able to achieve economies of scale and reduce our unique cost further.
Most company share price has been affected by the "selling in May" phenomena, but not Tunepro. By studying its trading history last year recorded a continuous uptrend. I hope I am not wrong, if not why would UOB tp at 1.7? MIDF 2.18, AFFin1.51 ? Tunepro is a healthy company, infact it is a cash business 'insurance' How worst it could go? Historically it could fell down to 1.25...but it can always back to 1.4-5 easily. Since not gonna lose much but I might earn more to invest now ....why not?
Today end with 2.223m volume, average price at 1.3~1.31 Buy rate with 80%!!!! Those who knows will know, i shall keep quite!! UOB tp=1.7, MIDF TP 2.18, AFFIN TP 1.57, current price 1.31!
Yesterday end with 2.223m volume, average price at 1.3~1.31 Buy rate with 80%!!!! Those who knows will know, i shall keep quite!! UOB tp=1.7, MIDF TP 2.18, AFFIN TP 1.57, current price 1.31! 30/05/2017 17:19
after opt in rulling coming out, the willingness of travellers to buy insurance become even worse especially nowadays the market sentiment is very weak
This yr they gave higher dividend were fake too? Their annual report last yr recorded higher revenue at least growth was fake too? I wish I won't judge it base on one quarter. Keep for long term and but at low
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....
Freshbird
82 posts
Posted by Freshbird > 2017-05-25 11:58 | Report Abuse
hahaha, this is funny, kill Tony first