Not yet.. 

Hahaha.. 2 directors resign... 

Must be mega bad results coming.. 

Carries a lot of risks.....

Oil....
.............did not see why but company posted shit load of losses few days ago.......

But then...ultra penny stock already.....
sometimes the wok is more important....

My tiga sen is ....
Look away from OnG sector already...

The big fat juicy rebounce play.... has happened already.....

now... it looks like a long winter ahead for the sector...................

Expected.. he already hinted 6 months ago..

Now he is out he can freely sell off his 10% stake ...

USD still my good friend.

Have to be careful though cos there were a number of disappointments seen last month.
The strength in USD was not a clear cut win-win...

Poultry sector has seen some big wins....
but it's one sector that I am not that keen on....

Remember what I say before.....
Trade less....

Quite likely.. he is no longer majority shareholder already..

Also no longer vice chairman.. what better time to cash out? 

Still ok lah.. not negative territory yet. 

Should have sold more at RM 3.. 

On the way to become prime minister.
Keep..

Problem is AirAsia track record in hedging is piss poor!!!



The other thing is...
There was a time when USD was weakening like hell and AirAsiabmade ton of forex gains...
100+ million pwr quarter.....
And these bloody analysts never once discounted them gains...
So why when losses...they talk the different ayam?

the other thing I was thinking......

1) how much more can AirAsia hedge?

I remember after recent report, Tony was quoted saying that the company has already hedged half of its full year consumption of jet fuel...
which was hedged around on average 80+ (singapore jet fuel )
which means half of AirAsia fuel needs for the year is bought at a much more expensive price....

anyway... the point is....
in the account....
AirAsia got left 1 billion ....
loans 12 billion....

how much money can AirAsia use to continue to gamble on hedging?

2) the USD debt itself is not constant.
it's expanding cos of AirAsia's commitment to buy new planes.....
this itself is not the elephant...
it's the whale....

and since the debt itself is expanding......

See this article:

http://www.theedgemarkets.com/my/article/a...-swings-4q-loss

4th last paragraph....

current prices:

http://www.barchart.com/commodityfutures/S...%29_Futures/JKS

AA Hedge @ 80, but current pricing all below 80

btw which one is the petrol one.. the one our gomen use to set retail price

Gasoline RBOB? 

The current price is already priced in.. 

Sepat Gas cancelled, Kasawari delayed.. my salary also gonna cut 20% 

Ouch.. yeah working in OnG now will be tough time.. 

Marginal fields are going to be first to be cut... 

Working in palm oil related industry also not so good now.. CPO price also down a lot.. at least no salary cut yet. 

Too early again meh? 

Sudah almost 1 year since the start of downturn.. 

Wonder if WTI crude can reach <$40 or not.   

Coastal PRIMARY builds vessels for OnG clients.. which includes AHTS, PSV, dive boat, crew boat and other support vessel of mostly smaller sizes. Coastal currently have about RM 1 billion of UNSOLD but completed vessels stock for OnG.

Recently it has ventured into drilling rig business.. although it has signed a recent sales contract, it's second rig is coming soon with no contract. I am not sure what class of rig is coastal holding (Cause i am lazy to check  ), but it is worthwhile to find out if you want to invest. In 2015 it is expected that a total of 56 new rigs will enter the market, with around 26 is speculative rig (rig built without contract, which will FIGHT for work)

Drilling rigs day rates have fallen about 15%-25% recently.. this was guided by UMWOG conference (UMWOG have the most number of drilling rigs in SEA)  The highest demand rigs is those rated > 300 ft, others rated lower than 300 ft have seen steady decline of usage.

It can be a good turn around stock once drilling and exploration activity picks up.. but when will be anyone's guess.