So you are saying she is 'lou keong'.... 

What a dreadful thing to say to a lady. 

Hoho, got free time to 'chui shui'

KTL, ada goreng salcon ka?

the CB company... already ran up so much leh...

should have taken profit hehe... don't be greedy 

nolar, been monitoring Y-WB... remembered that you have. chart looks like gone case...

Ch*e Bai company... no eye see already... 

had 4 really good counters... didn't take profit, then end up 1 cut loss and other 3 slash bonus until kucimiao profit

market too unpredictable...  anytime can zoom to hell

and with limited funds, holding everything then cannot have free funds to buy on these dips

Dumped 7202 with a small profit + previous dividend after disappointing 2013FY results

Unker gark! Ada duit lebih skrang, nak parking mana!

Ch*e Bai company... no eye see already... 

Yes, past 5 years annualised/compounded growth rate is only 2-3%, and divvy payout of almost all of its earnings, things don't look too rosy going forward.

Better to cabut with profit.

Now I'm pretty cash-heavy, 15% cash in trust account

didn't ....

hehe.... kena rotan 

dont have but still monitoring. looks good like you said

Haha, which one? For Y tak cukup wo. lol

dont have but still monitoring. looks good like you said

see right thru me 

paham 
noted down in blue book...

i have two thick stock notebooks: blue and black 

both half filled 

yep, took out a whole page yesterday to write BIG BIG on the 4 stocks where 80% profits were slashed.

last time kena before. still didn't learn. now kena again.

cannot have another time dy. 

Boon3 Day time don't talk about people bad thing

http://www.theedgemalaysia.com/business-ne...der-spree-.html

I think the market were expecting AA to do worse...
So now despite doing bad, it's actually better than expected.

I just had a look at AirAsia report.
It's actually bad.

Ok, we all know AA business model.
It borrows money, lots of money, buy planes and then run the low cost modal.
At one time, it deemed USD were weak, which rightly was so.
And they were correct too.
Cheaper loans too (iinm) ....
And it kind of worked.
They were making money....
And cash flow was not too bad too.

Problem is.... I would say is the GREED factor.
They not satisfied.
Who isn't?
LOL!
They wanted more....
with it came the large orders.
Which meant... whatever good cash flow it had... will be consumed by the constant payment for new planes.
With each plane costing a bomb...
comes the need for more and more BORROWINGS....

** The 'good' cash flow is helped by depreciation of the planes.
Consider how unreal the situation is.
Current year depreciation works out to 634 MILLION!!!!
Current fiscal year PBT is only 363 MILLION!!!!!!!
The depreciation is more than the PBT!!!!
SWEAT!!!! **

This is the basic understanding of the business...
and one haven't even factor in competition (Malindo) yet......

The thing to check upon everytime for AirAsia is... its balance sheet.

This fiscal year compared to last fiscal year

Cash balances: 1.385 Billion vs 2.232 Billion
Total debt: 10.17 BILLION vs 8.40 Billion



10 BILLION in loans! WOW!

Don't need to be a genius but the simple comparison easily says that AirAsia is worse off today compared to last year.

Why?

They borrowed a lot more to buy planes.

You have to ask is it worth it and for me, it's best to compare the bottom line.
If you are going to borrow so much more, the bottom line better increase, yes?

This year PBT 363 million.
Last year PBT 962 million.

there lies the answer!!!!

What's the conclusion at this moment?

After all that borrowing increase and deterioration of cash balances, PBT shrank from 962 million to 363 million!

I easily give it FEI LO here.



In the fine points.
AirAsia has hedged 52% of its USD denominated loans. it said "The latest weighted average of USD/MYR forward exchange rate is 3.2239."

The next reporting quarter, the USD was clearly much higher.... almost 3.29 or so on average.
I think, you can expect more currency losses in the next quarter.


It's a simple stock to AVOID.

Ya, you're right. Now I'm relying on charts and "news". Haven't really gone deep into their financial reports. It's very high risk trading 

Ya, I saw. Dead meat liao 

I cut my losses there bought quite some time ago. Lost few buckets of kfc

Lucky I cut early. If not more than kfc jor.

Now back to holding blue chips until divvy / sell price can recup the loss

You're right, my bad. I failed, my mistake 

Good thing I cut early, otherwise would've lost more. Ended up moving into DLady.

Proposed 0.5 divvy, solid P/L and some gut feeling. Of course, I can be wrong again, but let's hope not. This is buy and hold.