Some technical rebound today. Let's see how far it can go. Hope it will maintain at current level in view of profit taking by investors.

Just wanted to share and discussed AirAsia valuation. Seems that AirAsia has reached a resistance level of RM2.70 from its high of RM3.05 in the matter of week. That is around a 10% drop.

Base on the Q4 2010 report, some good and bad data is derived

The Bad
- Load factor for other region aside from Malaysia, Thailand and Indonesia missed a full year estimate by 5%
- Rising jet fuel price

The Good
- Double digit growth in Malaysia and Thailand and single digit growth in Indonesia (presumably due to volcanic ash)
- Possible dual-listing in more establish money market HK or US, due to attractiveness of AirAsia to foreign funds
- Expected strong fourth quarter’s results to be announced next month

On for discussion, read that AirAsia has hedged 11 per cent of this year’s first quarter jet fuel requirements at circa US$100. Subsequently, AirAsia will likely re-instate fuel surcharges should jet fuel price breach the US$120-US$130. What does this mean?

It means that AirAsia has already pre-booked jet fuel at price US$100/barrel. In the oil business, due to fluctuating prices and huge demand, people actually have to buy the fuel before hand(takes long time to deliver all the fuel?).

Correct me if I am wrong.

Thinking of going in at the current price. Any thoughts ?

Just my observation of the past few days. Seems like the resistance price is at RM2.70. Was checking out the buy/sell queue today, especially the last 20 minutes where the price drop to RM2.68 before retracting back to RM2.70. Quite a lot of people picking up the stock now waiting for the rise

Well fundamentals of the company is still good. Price drop is just a matter of profit taking, it will rise up again as you can see many bargain hunters are coming out now, especially ones that have missed the boat previously.

Strong showing by AA this morning, up 12 cents within 35 mins of trading. Can see that many buyers supporting to push the price up. For those want to enter yesterday but haven't done yet need to wait for another round of correction. I remain my TP at $3.1 before exiting.

It has so far increased 13 cents already... Showing a good sign of uptrend if only it is sustainable...

3.5x for me. when it listed in US and HK.

This post has been edited by yok70: Jan 27 2011, 11:00 AM

Above 2.8 ( Break downtrend line) should be a good entry price. As long today close above 2.8 it might show a big uturn and a beginning round for Bull RUn

Fundamental Analysis traders are buying.

Technical Analysis traders are buying.

Guess what YOU should be doing

good good! i will wait there to top up more.

AirAsia rebounds after recent losses

URL: http://www.btimes.com.my/Current_News/BTIM...icle/index_html

AirAsia Bhd. (AIRA MK), Southeast Asia’s biggest budget carrier, rose 4.8 percent to 2.83 ringgit, the largest gain since Jan. 13. The Employees Provident Fund, the country’s biggest pension fund, bought 5 million shares in AirAsia, an exchange filing showed.

ntry Price - Now
Stop Loss - 2.7
Take Profit at 3.02 - 10% profit Good :

Started Picking Airasia at $2.71 =)
Waiting for the Bull!!
I find Airasia a good buy at $2.7 for its potential in Asia

Converting my slow moving MAS to AIRASIA!

[Dow Jones] STOCK CALL: UOBKayHian lowers AirAsia's (5099.KU) target a tad to MYR3.63 from MYR3.66 after adjusting for the listing value of AirAsia's Thai and Indonesian associates, as well as its 16% stake in AirAsiaX. "We met up with Benjamin Ismail, investor relations head at AirAsia, and came away impressed with the company's long-term potential[I]," says UOB; the house says while a fuel price increase is a concern, it's confident in AirAsia's ability to raise ticket prices. "For 2011, we have assumed that base ticket prices will grow by 5.0% or MYR8.70, which we believe won't impact demand," UOB says. The house raises AirAsia's 2010 net profit estimate by 1.1% to MYR958 million after factoring in 4Q10 operating statistics, but lowers its 2011 earnings estimate by 5.0% to MYR928 million after increasing its average fuel price estimate by 5.0% to US$105/barrel. UOB keeps a Buy call on AirAsia[COLOR=red]. The stock is up 1.1% at MYR2.82.

AirAsia defers aircraft delivery

URL: http://www.btimes.com.my/Current_News/BTIM...icle/index_html

do you consider this a good news or bad news?

Good news.. But not so much of a "able to goreng" news. Don't you think so?