QUOTE(lambethwalk @ May 21 2014, 04:22 PM)
Picorp taktau apa tu.. ignored haha
Yeah AA and ben... like that loh.. when i don't touch, then it turns out good

AirAsia trading idea was actually tricky.
A trade would have actually been more justified by the chart than the 'observation' (stated earlier).
Although profit result showed 'big' increase, I felt that the earnings was very distorted by a huge forex gains ( I am shocked and amazed that it was a 'gain').
Leaving that out, the profits was deteriorating badly.
One thing about AirAsia, they give a lot of info in their profit announcement (kudos to them) but if we take the time and read it, we can see a big and serious problem.
We all know their revenue is flat - y-y
but consider these facts...
Malaysia operations. Aircraft fleet increased from 66 to 72 (9%) Number of Flights increased 1%
Thailand operations. Aircraft fleet increased from 28 to 37 (32%) Number of Flights increased 31%
Indonesian operations. Aircraft fleet increased from 22 to 30 (36%) Number of Flights increased 19%
Can get the simple implication?
Aircraft increased, number of flights increased but revenue flat.
Terrible.
Ben? Remember what you said about what GUH was doing (compared to Parkson) ?
Remember?

Things now (TODAY) have changed some what....
Last buyback announced was done on 14/5
TODAY's announcement probably might leave traders with mixed feeling...
Company announced many ESOS shares being listed......
Total value? 202 million !!
ESOS cost price ? 79 sen only!
Picorp?
A chart influenced trading 'idea'...
Chart showed stock breaking out to new highs...
recent quarter profits were good...
but the only risk as stated before was the company's profit track record was very inconsistent.
These are just simple stock trading ideas plucked out for discussion.....