AsiaX reported 1H2012 result a pretax loss.

estimated EPS for 2013 approx 0.08 cents. PE comes to around 18 times. No dividends expected for some years.

if u look at its unaudited result of 3 months ended 31 -3-13, its PBT is 34,765. The 2012 result is already outdated. In my view its prospective PE is around 18 times if u annualised the 3 months result.

Whether u can make a gain no one knows. For the parent AirAsia to reach its price today, it took almost 10 years if I am not wrong. I sold all my shares on the 1st day of its listing.

This post has been edited by Oracles99: Jun 11 2013, 08:43 PM

I do not think the latest 3 months figures are not so reliable just because it has not passed through the auditors. It offers a glimpse as to what results the company has already achieved.
It reminds me of the final month of 1997 when Maybank reported brillant results but it share price kept falling. It was that the economic prospects of 1998 are getting dimmer by the day & it was expected that Maybank would be badly affected going forward even though it reported the good results. What use was it then? Share prices are forward looking.

Of course, there are limits to Airasia's expansion. Its longer haul routes have proved unprofitable but then the cheaper air fares are the main attraction.

It is better to know if those approved investors by MITI are offered a lower price than that the public is paying. We have seen investors selling Astro shares below the IPO offer price.

This post has been edited by Oracles99: Jun 11 2013, 10:28 PM

Thanks river.sand for sharing the report. Essentially, the IPO price is roughly the market price. Wonder if there are any peanuts left for IPO investors.

"in the long term, we are all dead", Thanks for informing. Obviously, it is for the long term. With so many others (FSC & LCC) joining in for their market share, probably AirAsia X would make modest profits.

The price stabiling manager was sleeping during Astro's listing. I hope this time he is awake.

It is for the long term. Tony said "keep it for 5 years"

the lesson is all IPOs now are priced at market price. The owners extract maximum value of their shares for the listing. Gone are the days when pink forms guarantee big gain

Its bullets are limited. When there are no bullets left, its role would automatically end.

to maintain the IPO price, I suppose

Tony has already ask investors to hold the shares for at least 5 years which means there may be no short term gains.

If u buy at TP, it means u have no money to make. They say u may make $ in the long term. But how long is 'long term'.
John Maynard keynes puts it correctly (he is referring to letting recession heals itself instead of government taking proactive measures to end it): "In the long term, we are all dead".
That is probably why no investor wants to buy at TP

This post has been edited by Oracles99: Oct 16 2013, 09:50 PM