Air Asia X : IPO, Air Asia X
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 Jun 11 2013, 01:15 PM
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#1
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Junior Member
311 posts Joined: Apr 2009 
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We can see from their IPO prospectus and based on the audited financial result :
Y2012 : PBT = RM38M The total market cap after IPO = RM3.4B Therefore, the price of RM1.45/share is actually trading at the PE = ±90 if we based on the Y2012 PBT above. In a longer term is still yet to see but I will definite avoid it from my radar. |
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Jun 11 2013, 09:53 PM
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#2
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Junior Member
311 posts Joined: Apr 2009
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QUOTE(Oracles99 @ Jun 11 2013, 08:43 PM) 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 The 2012 result is already outdated.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. If one are barely look for the "unaudited" result and claimed that the audited one is already outdated, fundamentally I don't think it justify the share prices for any company.Whether u can make a gain no one knows.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.  Anyway, I'm not against airasia, and in fact they so so successful and has became our idol in the business world, but for airasia X , you got to look at their pass result, the routes fly to London, Paris, Christchurch and few others has incurred losses and if they are going to expand further, what market they could go further ?  |
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