A century ago, there was a quoted called if you want to be a billionaire, buy airlines. Nowadays, airline industry are hard to manage, power of trade union, highly geared balance sheet, government intervention, stiff competition from no frills airlines are all the threats.

Airasia is blessed because has a bunch of capable and competence management team. They really knows what they doing when hedging on fuel price movement.
Airlines is an industry required smart management to operate, but i cant guarantee if there any good succession plan in 100 years later. I want an investment where even dumb management can also run it successfully, because in someday ahead, it will have one.

MAS is bureaucratic and appointment not based on meritocracy. I dont see any competency in jauhari yahya. Corporate turnaround seldom turn

Oldtown faces competition from Pappa Rich and other imitations.
The other stocks you mention do indeed have wide economic moat, but that doesn't guarantee their survival 100 years from now. Walmart is challenged by amazon.com.

For Astro, their future threat going to be cable TV, and monopoly using political connection is not going to last in long run.

You still have to monitor the external environment and management to make judgement on your holding, there is no certain things in 10 or 100 years time. Many things can be happen and turn the table to their competitor.

i saw some 'news' said if they do good in hk, the price is about x2 of share price now

i means, i saw*

For Astro, their future threat going to be cable TV, and monopoly using political connection is not going to last in long run.

You still have to monitor the external environment and management to make judgement on your holding, there is no certain things in 10 or 100 years time. Many things can be happen and turn the table to their competitor.

this will benefit consumer

No, it's the service or environment. We go to mamak stalls to watch EPL, or Starbucks to kill time.

To trap auntie unker investors into thinking that it has suddenly dropped to fire sale price

That's your main objective!

My next job might will be at KPMG tower. Walking distance to 1 Avenue/HL building.
Then everyday can cuci mata. 

Either they are your wifes..... or you pay for the service.

Which one you prefer?

* I never state HLA ladies...don't get me wrong...

So true....

So which will you go for?

KPMG? What line? 
IBM-ers working on next tower always look at KPMG tower and feel pity at them.
IBM-ers working late leaving office at 11pm also KPMG executives still working there.

IBM-ers also need to wash eye often.

Cash is already what you have when you buy stock.. so should not factor into company valuation. So higher cash companies, have lower 'real' PE. Think about it....

Net cash = cash at hand - all liabilities

I'm not in accounting field .
You're from IBM? 
No problem, hopefully my frogging attempt will succeed. 

Stay too long at support = kaboom! soon. 

Btw, Astino already RM 1.30 already..

Wooties

That time 90 cents u also got buy mar.. Sama sama lar