like Warren Buffets says "throw the herd mentality" be brave when people chicken out, chick out when the market climbs.
that shud save the day

i am not hopping on, not until next week. it's an attractive price though.

i do believe this will continue at least until next week... maybe should masuk on friday late afternoon.... bought at 2.51. i think i'll hantam again tomorrow....

@ham_revilo off topic, but i thought you were joking about the prawn, mana tau it's real prawn -.-

bot at 2.6....heart is bleeding now...sob...=........(

oil price will shoot up to usd 200 if libya leader burn the oil plant ...

waiting @ 2

read the news oso..=(

could hit usd220 per barrel....hate libya leader

dunno shud cut losses or hold......

Libya only supplies 1.7 million out of the 80 million barrel oil requirement daily and most of it is to Europe. The thing driving up oil prices i believe is the uncertainty surrounding the oil producing countries, which country will go next after Libya

olololol...... its good to know that people do notice.... it was suppose to be a joke...

anyway, back to topic. fernandes said, air price will increase when oil price hit above $100. and it already hit $100. i think air asia price will continue to drop if crude oil price continue to increase. but i dont think i will cut my losses. im waiting for it to continue to drop then masuk. Air asia is still the biggest air carrier in malaysia. i have confidence it will bounce back after everything is back to normal. its just a matter of time. Lets hope so

This post has been edited by ham_revilo: Feb 24 2011, 10:40 PM

Juz heard d news that crude oil produced by Libya is actually high quality crude oil n it is pretty hard to fill the gap

Wondering how high the crude oil price will hit

Jump up this morning, bear rally?

KUALA LUMPUR: AirAsia Bhd's net profit jumped more than eight-fold to
RM316.5mil in the fourth quarter ended Dec 31, 2010 against RM33.9mil
previously while its full-year earnings hit the RM1bil mark driven by higher passenger numbers and stronger yields.


Revenue for the quarter rose 33% to RM1.18bil from RM894mil a year ago while earnings per share jumped to 11.50 sen versus 1.50 previously.

The budget carrier's core operating profit for the period was RM332.8mil, a 147% increase over RM134.7mil posted a year ago.


Its earnings before interest, tax, depreciation and amortisation margin
improved to 49.3% from 43.3% previously.

In a teleconference yesterday, group CEO Datuk Seri Tony Fernandes said AirAsia was in the best position financially that it has ever been in
providing foundation for further expansion and growth in 2011.

He said AirAsia would continue its focus on lowering costs, improving
returns and expanding its network.

Based on the current forward booking trend, Fernandes said the underlying passenger demand in the first and second quarters of this year for Malaysia, Thailand and Indonesia operations remained positive.

However, he said it must be seen in the context of the recent sharp rises in the price of oil and aviation fuel which had resulted from events in the Middle East.

"AirAsia will continue to monitor oil price movements, and the introduction of a fuel surcharge cannot be discounted if the current price is sustained or rises further," Fernandes said.

For the full year, AirAsia's profit more than doubled to RM1.06bil, or 38.60 sen per share from RM506.3mil, or 20.60 sen per share despite average fuel prices surging 35% year-on-year to US$92 a barrel in 2010. Revenue for the period rose to RM3.99bil from RM3.2bil previously.

The revenue growth was supported by 13% growth in passenger volumes and average fare that was 5% higher at RM177 as compared to RM168 achieved in 2009. Meanwhile, its seat load factor was three percentage points higher at 78% compared to 75% in 2009.

The AirAsia group combining its Malaysian, Indonesian and Thai operations carried 25.7 million passengers, up 13.1% from the 22.7 million people it carried in 2009.

"What a year we've had. Not only did we achieve record profits, but also
breached the billion-ringgit mark in net profit. With strong cash balances
of RM1.5bil, our gearing levels decreased to 1.75 times compared with 2.57 times a year ago," Fernandes said.

He said the increased contribution from ancillary income to the company's bottom line matched its passenger growth. "Ancillary has been a tremendous revenue stream for us. It's up in all three of our operations: Malaysia RM49 per pax; Thai AirAsia at 369 bahts per pax and Indonesian AirAsia at 155,089 rupiah per pax."

"There's still a lot of potential in ancillary and we're constantly looking
to increase the numbers," he said, adding that its ancillary income had been a "great defend" for high oil prices.

He said every RM1 per pax spent provides about US$1 per barrel of buffer.

Fernandes said AirAsia might consider re-introducing the fuel surcharge
which it removed in November 2008 if oil prices were to remain high.

"I do not want to jump the gun. Let the situation stabilise first and we
will evaluate the situation," he said when asked on the threshold of oil
prices whereby AirAsia would introduce the fuel surcharge.

AirAsia has hedged up to 21% of its oil needs for the first half this year
at an average of US$92.31 a barrel.

South-East Asia's largest low-cost airline by fleet size will take delivery
of three A320 planes in the first quarter of this year, one of the aircraft
will operate in Thailand and two in Indonesia.

The new aircraft would be used to replace the B737s and would provide
additional capacity across the network. Six new routes are being planned across the network in the first quarter in conjunction with additional frequencies on existing routes.

"We have also recently announced our fleet delivery plans for 2012 whereby the group will take delivery of 14 aircraft from the proposed 24 as we adapt to changing circumstances," Fernandes said, adding that the financing for eight aircraft to be delivered in 2011 had been secured.

At the end of December, AirAsia had 53 aircraft in its fleet, up from 48 in
2009.

Meanwhile, AirAsia is also planning initial public offerings (IPOs) for its
Indonesian and Thai affiliates in both countries.

The IPOs, Fernandes said, were likely to go ahead in Indonesia and Thailand by the fourth quarter of this year, subject to market conditions.

He said the offerings were intended "to build a war chest" for future
expansion, including new aircraft to raise profitability and expand
operations in both markets.

The Indonesian IPO might aim to raise between US$150mil and US$200mil, he added.

He also said that it was close to receiving regulatory approval to start the Philippines AirAsia.

"AirAsia Philippines should launch its inaugural flights in the second half
of the year. We believe there is enormous potential in the Philippines," he said.

On its dividend, Fernandes said the board would likely make a decision on its first dividend payout in the next two to three weeks.

He said the airline had received strong demand from institutional investors to start paying dividends.

its time to hantam again?

Company is making good money and getting stronger year by year due to increase in revenue. The business model is works and will getting even better in the future. The current worrying trend is that escalating fuel prices which may cause lower profitability in the next qtr result. Anyway take this chances to go in before it's too late, the current downtrend is an opportunity for u to enter before i breaks the RM3 again.

I think it is a good time to go sideline now.
I think it couldn't stay
but I can be very wrong
and maybank say ok

 AirAsia_4Q10_results_MIB_553_25022011.pdf ( 420.28k ) Number of downloads: 32


This post has been edited by rosdi1: Feb 25 2011, 12:51 PM

Monday Libya news appear...will ppl forget about this historical report?

the fundamentals are there, it's just the instability in middle east that's niggling. i'll probably wait for this weekend to pass

Yea... In my opinion, if Libya gets worse or any other oil country happens to be in turmoil, then the shares will fall back...

Yea... I am being patient now and observe how the trend and news go next week...

I am stocking more! holding some bought at 2.7 bought last time =( RED now
But still confident in this stock. Hedge fuel price @100/barrel the last time i read the news and good potential for asia airline.
Its all uncertainties in CRUDE that is affecting the company shares
Seems like good buy. drop further or drop later aso will gain back depends how long u plan to buy only =)