Problem is...... I believe that Tony was wrongly portrayed as a hero.

Last time, he initially denied betting in fuel hedges.

Only when the hedges went horribly wrong, he was forced to admit to the public about those bets.

Losses incurred then? 420+ million!!!

Would I trust his statements now? 
You should look at AirAsia most recent profit notes la.

Check out AirAsia cash ( 1 billion (depleting) ) vs its total debts ( 11.8 billion) ....

The company does not have many bullets to shoot hor....

And despite all this.... http://www.thesundaily.my/news/1232784

Last para: In a separate filing, AirAsia said it had extended a US$55 million loan to AirAsia Inc, a company incorporated in the Philippines, to facilitate the ordinary course of the latter's business during the third quarter ended Sept 30, 2014.

Thanks for the highlight!  

AirAsia business might be 'steady' but in my opinion, it's built on very shaky ground.

Ah Tan,

Took some time reading more of AAX profit report. (first time la. LOL! )

Firs page, first few lines....
I went.... 

Revenue this quarter 698,764 vs 601,491 same quarter a year ago.

Business is good compared to a year ago.

Then I see the staff costs.

I was very curious about since the hoo-ha over staff payment.

Staff costs this quarter: 81,445 vs 57,755 same quarter a year ago.

So clearly, staff costs increased drastically, much more than their sales revenue increase.

That already....... a bad indicator...... 

These losses are attributable to the third consecutive quarter of significant year-on-year ASK capacity increases of over 40%,
which resulted in lower yields from a higher proportion of promotional fares used to stimulate new demand creation to fill up
the new capacity. Our experience suggests that new capacity typically takes about 12 months to break-even. Based on forward
sales to-date, we expect to start generating positive year-on-year RASK growth in the last quarter of this year.
Although the capacity expansion created short-term earnings pressure, the Company believes that the investment will bear fruit
in the long-term. The Company believes that it now has the highest market share of passengers carried from Malaysia to its core
markets in Australia, China, Korea, Japan, and Taiwan. It has also seen a significant increase in the number of connecting
passengers between North Asia and Australia, as a result of additional frequencies added to the routes in these markets.

Other payables and accruals include operational expenses payable to airport authorities, passenger service charges, security
deposits and customer prepayments of charter and lease.

Ah Tan.... nah..... your tipsy.

How to achieve turnaround without a cash cash ie you are so damn broke?

Answer:

Easy peasy.

Just expand............

http://www.nst.com.my/node/58554
LOL!

I wanna bail out of Tiger Bank liao

move to
AEON Credit
or
Axis REIT
or
CCMDBIO

suggestions?

You don't always jelly jelly here and there LAHHHHHHHHHHHHHHHH.................. 

See? See?

They say better results................ next quarter

http://www.nst.com.my/node/58931
Last year same quarter they loss only 170 million...... 

Surely.... they can better that right?


see? money is not a problem.

MOL is currently under 4 different Class Action (means represents ALL investors) lawsuits... its going to be huge long mess ... Better dont touch anything related to MOL..

VT tried to scam the Americans like Malaysians, but he under estimated the US legal powers.       

http://cgmalaysia.blogspot.com/2014/12/mol...-are-filed.html

Mah Sing.

http://www.nst.com.my/node/55168

Yes, the growth is probably damn impressive but....
the concern is ................................... YYYYYYY

cos just last year, 2013, they did one 400 million rights issue.

http://www.themalaysianinsider.com/busines...ve-rights-issue

and then now they want another 630 million rights issue?
Are they too aggressive in expanding?

See their cash flows..........
Have you seen their apartment/condo projects?
Huge...massive.....

And all over......................................

The threat actually is the weakening RM.

Consequences are far more damaging.....