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 Air Asia X : IPO, Air Asia X

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davinz18
post Jun 14 2013, 03:22 PM

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QUOTE(zamans98 @ Jun 14 2013, 02:41 PM)
Let me add:

(1) when u expect it to rise, it will goes south
(2) when u expect it to dropped, it will goes up and up
(3) when u see No.2 happening, you panicked and hamtam follow and then it goes sideway and back to no (1).
(4) when u expect it goes down, it will goes down and vice-versa but no.4 is very rare case.

That the circle or truth of life.
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True notworthy.gif
davinz18
post Jun 14 2013, 08:29 PM

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QUOTE(river.sand @ Jun 14 2013, 08:52 AM)
Hong Leong says fair value is RM1.20...
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Thanks For sharing notworthy.gif

davinz18
post Jun 15 2013, 02:43 PM

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Keeping my option open. Still thinking wanna apply or not smile.gif


davinz18
post Jun 17 2013, 05:49 PM

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Only 10% subscription rate for Blue form (retail - AAX eligible passengers)

http://www.theedgemalaysia.com/business-ne...-ipo-offer.html


The "extra" shares are made available for Retail Public & Retail Bumiputera Investor smile.gif

This post has been edited by davinz18: Jun 17 2013, 05:50 PM
davinz18
post Jun 17 2013, 06:13 PM

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QUOTE(madguy88 @ Jun 17 2013, 05:58 PM)
i just apply through maybank last week ... hope can success ......heheh
and im also a frequent flyer of AA then how they can trace me whether im a frequent flyer or not ..??  blink.gif
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That's retail public/bumi portion application not Blue form (Application by Internet, ATM or White Form) biggrin.gif


davinz18
post Jun 18 2013, 06:47 PM

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AirAsia X IPO an expensive bet on rough aviation market

All things considered, the ongoing AirAsia X initial public offering (IPO) represents an expensive bet on a turbulent Asia-Pacific aviation market.

There certainly is good reason to invest; the airline is operating with the lowest unit costs in the region and has the aircraft orders to meet growth, alongside the booming demand for air travel.

Analysts at Hong Leong Investment Bank and TA Securities have said the IPO is overpriced. The IPO price of RM1.45, according to analysts’ calculations could be marked up by 5 sen to as much as 20 sen from its fair value.

Meanwhile, analysts at TA Securities pegged their fair value for the IPO price at RM1.40, 5 sen below the IPO retail price now being offered.

TA Securities based their calculations on forward estimates, which are in turn dependent on several assumptions: capacity growth of between 24%-53%, average fare declining between 1%-6%, load factor stabilising at or just above 81% and jet fuel prices trading at US$130 a barrel.
davinz18
post Jun 21 2013, 02:51 PM

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So confirm the price is at the lower end of the valuation.

Final price fixed at rm1.25/share smile.gif
davinz18
post Jun 21 2013, 03:08 PM

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QUOTE(cadmus @ Jun 21 2013, 03:02 PM)
additional news. didn't mention that RM1.25/share is only for institutional.
http://www.reuters.com/article/2013/06/21/...N0EW4DT20130621
(Reuters) - Malaysia's long-haul budget carrier AirAsia X raised about $310 million in an initial public offering, pricing the deal near the bottom of expectations, a source with direct knowledge of the deal said on Friday.

AirAsia X, which competes with Singapore Airlines' Scoot, priced the IPO at 1.25 ringgit per share versus an indicative price range of 1.15-1.45 ringgit per share, added the source, who was not authorised to speak publicly on the matter.
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Retail also 1.25/share if the news is true.

Institutional Price = Retail Price biggrin.gif


davinz18
post Jun 21 2013, 03:22 PM

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QUOTE(cadmus @ Jun 21 2013, 03:16 PM)
brows.gif

i checked the prospectus. split between "retail offering"=(malaysian public via balloting), (eligible persons),(eligible passengers)  & "Institutional offering"=(bumi investors approved by MITI),(other malaysian and foreign institutional and selected investors).
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I'm confused rclxub.gif

Normally Retail price would be same with Institutional price. Sometimes Retail investor get "discount" over Institutional price.
davinz18
post Jun 21 2013, 04:45 PM

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QUOTE(soraya.adam @ Jun 21 2013, 04:40 PM)
So what happen to those has already buy at RM1.45? I've bought few units like all of you.

Rugi is it?
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The balance would be return to you.

Don't worry, This is normal biggrin.gif
davinz18
post Jun 21 2013, 05:20 PM

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INSTITUTIONAL PRICE - RM1.25 PER SHARE

FINAL RETAIL PRICE - RM1.25 PER SHARE

Confirm thumbup.gif

http://www.bursamalaysia.com/market/listed...cements/1327617
davinz18
post Jun 21 2013, 05:22 PM

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QUOTE(fiqir @ Jun 21 2013, 05:20 PM)
sound good. but i got no fund already.. all stuck in market.  biggrin.gif
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Today very bad, mostly red cry.gif
davinz18
post Jun 21 2013, 06:19 PM

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QUOTE(nasT @ Jun 21 2013, 06:09 PM)
easily 10 sen premium dlm tgn... maybe 20 sen..
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davinz18
post Jun 21 2013, 08:43 PM

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QUOTE(azlan88 @ Jun 21 2013, 08:40 PM)
Astro quite difficult to stabilise because of three factor:

1) huge amount of shares offered (1.5billion)
2) high IPO price (RM3.00)
3) shareholder from their employess get shares at cheap price (<RM2.00), so they start to sell on first day.

Good luck to those who get AAX shares. At Rm1.25 you can expect at least some profit unlike astro.
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You gotta point there thumbup.gif
davinz18
post Jun 22 2013, 05:19 PM

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Heard that there was not enough demand at rm1.45, majority around rm1.20 to rm1.30 range only.

Don't know true or not hmm.gif
davinz18
post Jun 24 2013, 03:34 PM

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Why Airasia X may not be Airasia

Airasia is going to be 2.5x larger than AAX in terms of market valuation. Airasia has established operations in Malaysia, Thailand, a growing Indonesia and seemed to have sorted out for a good start for India.

Airasia, having a business model that can replicated as long as it manages well in the countries it operates in. Future looks bright for the company with its dominance in the low cost airline business in Asia. One would consider the attractiveness of the growing middle class in Asia to be able to comprehend what’s the outlook for Airasia.

http://www.intellecpoint.com/2013/06/why-a...be-airasia.html



davinz18
post Jun 24 2013, 06:14 PM

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Retail Oversubscription rate of 3.83x

http://www.mih.com.my/index.php?page=pr541

user posted image


Note: Bumi Retail allocation at Posting time are not available

This post has been edited by davinz18: Jun 24 2013, 06:18 PM
davinz18
post Jun 24 2013, 06:46 PM

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This AAX IPO allocation very unique. Those applied below 5000 shares (Public Retail), 60% chance of getting allocated.
davinz18
post Jun 24 2013, 06:53 PM

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QUOTE(kb2005 @ Jun 24 2013, 06:50 PM)
Bumi category even more unique. biggrin.gif
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where you saw?? MIH website cannot see lar doh.gif
davinz18
post Jun 24 2013, 06:59 PM

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QUOTE(kb2005 @ Jun 24 2013, 06:57 PM)
maybe my computer something wrong sad.gif

If can, please try post here smile.gif

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