Yes.

You make the point here. Why worry so much ? haha...

Are you the customer of AAX for the last 24months ?

Called CIMB and i was told that many people are applying through blue form today. But i doubt they can make it before 5pm.

Yes, you need.

http://biz.thestar.com.my/news/story.asp?f...29&sec=business

Inter-Pacific Research values AirAsia X at RM1.66

KUALA LUMPUR: Inter-Pacific Research Sdn Bhd values soon-to-be listed AirAsia X Bhd (AAX) at RM1.66.

The research house said on Wednesday the fair value implied an enterprise value /earnings before interests, taxes, depreciation and amortisation (EV/EBITDAR) valuation of 9.5 times above AirAsia Bhd's 8.0 times.

“We deem it to be justifiable due to AAX's unique positioning of being a long-haul low cost carrier (LCC),” it said.

It added AAX is unlikely to declare high dividends but its offer of unique payment-in-kind shareholder benefits for initial public offering subscribers would be sufficient to draw the interest of inaugural investors

It said AAX fares are 30%-50% cheaper than full service carriers (FSC) and to keep cost low, AAX has withdrawn some non-profitable routes like London, Paris, Mumbai, Delhi, Christchurch and Tehran

“Planes that flew these routes have since been redeployed to more profitable routes (increased frequencies) or are being wet leased. Management however highlighted the possibility that these routes will be restored,” it said.

Inter-Pacific said AAX made losses in financial year 2011 but made a turnaround in financial year 2012.

“Its FY11 saw losses due to now-discontinued loss-making routes, as flights to New Zealand, India and Europe. Seat capacity was reduced in FY12, which effectively reduced scheduled flight revenues from RM1.4bil in FY11 to RM1.2bil in FY12.

“The reduction in scheduled flight revenue however was compensated by the increased fuel surcharges (which were reintroduced in Sep'11) from RM44.4mil to RM148.2mil. Net losses of RM96.7mil in FY11 turned into net profits of RM33.8mil in FY12,” it said.

It added it expects the passenger load to grow but not exponentially due to competition and also a degree of market cannibalism from planned increased flight frequencies for existing routes.

“We impute low tax rates for AAX as it is currently benefits from Investment Allowance Tax exemption which allows 60% of its capex to be set off against 70% of its statutory income. The tax exemption will expire in 2014 but the possibility of an extension is high,” it said.

It said AAX plans to increase frequencies to its existing routes as they believe these routes are still underserved and plans have been drawn for routes such as Adelaide in Australia, Nagoya and Fukuoka in Japan and Chongqing and Xian in China.

“It believes that any additional capacity will be absorbed by strong demand. Currently, AAX plans to increase frequencies to Sydney, Melbourne, Perth and Taipei later in FY13,' it said.

Inter-Pacific said AAX plans to operate its first new hub outside of Kuala Lumpur in Thailand via its associate, Thai AAX Co, to leverage on AirAsia's and tap into feeder traffic emanating from Bangkok, currently the preeminent regional air traffic hub.

For its inaugural payment-in-kind benefits, it said those who subscibe 10,000-99,999 shares will be able to redeem annually one non-transferable ticket to any of AAX's destinations originating from Malaysia for three years, provided the shareholder continued to hold a minimum of 10,000 shares annually.

Those who subscribe more than 100,000 shares will be able to redeem 3X non-transferable tickets to AAX's destination originating from Malaysia for three years, providing the shareholder continue to hold a minimum of 100,000 shares annually.

55mins to go. quick!

At last, you also applied.

10th July 2013.

Tuesday morning or afternoon.

CIMB clicks normally will update the result the next day after balloting.

Now i hope i get this IPO! Applied too many lots.

With the new price RM1.25, now people started to like AAX.

You mean it will be undersubscribed ? Confirmed ? With latest 1.25 fixed price, many will regret not applying.

You should get the balance next week. No worry! It won't take long.

How you applied ? If through CIMB e-IPO, it will directly bank in to you.

Should be same as CIMB eipo. Don't worry brot!

Chance to be alloted is high (hopefully 100%). Chance to make profit also high

Diff counter diff allocation. If under-sub, you should get 100% which is 50k.

At 1.45, it is hard to make profit since so many analysts target it below 1.45. At 1.25, you shd expect some profit. Only HL target it at 1.2 and other analysts above 1.25. Anyway, just want for listing day to know the answer. Analyst just provide a guide not the final answer.