Thai AirAsia increases flights

HAT YAI, 29 January 2016: Thai AirAsia will add a flight on its Hat Yai-Chiang Mai route to give passengers the option of two flights daily starting 1 April.
The additional flight aims to serve growing travel demand between north and south destinations in Thailand.
It is a response to customer demand that called for more direct flights between northern and southern destinations to avoid the inconvenience travelling via Bangkok.
Direct flight cut travelling and airport transfer time in Bangkok and significantly reduce the overall cost of air travel.
It also supports the government’s policy to encourage domestic travel across the country, between provinces, rather than focusing on just Bangkok residents’ travel needs.

Flight schedule Hat Yai (HDY) – Chiang Mai (CNX)

*Starts 1 April
The airline offers a lowest one-way fare, inclusive of airport tax and fee, from Hat Yai to Chiang Mai at THB3,571. In comparison, Nok Air sells an inclusive one-way fare on the route at THB2,743.

http://www.ttrweekly.com/site/2016/01/thai-airasia-increases-flights/

CLSA fengshui chart 2016

CLSA fengshui chart 2016

金價近3個月高！德國加緊搬回黃金 中國惦惦吃三碗公

金融海嘯在2008年爆發後，全球經濟就陷入困境、市場局勢動盪不斷，德國央行（Bundesbank）在如此不安定的環境中加緊運回儲存在國外的黃金、去（2015）年共計搬回兩百多公噸，而中國更傳出會在今年加碼買金。
英國《金融時報》、路透社報導，德國央行27日宣布，去年將總共210噸的黃金從巴黎、倫敦運回德國，法蘭克福如今已成為德國第二大儲金地、僅次於紐約。
自從布列敦森林體系（Bretton Woods system）建立了美元和黃金掛勾以及固定匯率制度後，德國自1950年代起開始儲備大量黃金、並將之存在海外金庫，而最重要的儲金地點便是聯準會（Fed）的紐約金庫。之後冷戰爆發、蘇聯佔據東德，為防蘇聯搶走金子，德國決定把更多黃金挪往西方。
不過，歐債危機使民眾對歐元產生不信任感，德國也從2013年起開始將黃金儲備從紐約、倫敦搬回，預計要在2020年底前運回674公噸的黃金，而半數的黃金儲備會放在德國央行自身的金庫。德國存在法蘭克福金庫的黃金僅略高於整體儲備的40%，存在Fed金庫中的黃金數量則幾乎與德國相同。
除了德國加緊搬回黃金外，中國傳出也要在今年加碼買金。根據巴克萊（Barclays Plc）27日最新發布的研究報告，人行最近幾個月的買金活動相當穩定，今年每個月的購金量預估將達17.9公噸，一整年下來應會買進215公噸，目的是為了分散外匯存底（相關新聞見此）。
全球金融市場局勢動盪，作為避險用途的黃金也受到投資人青睞。嘉實XQ全球贏家系統報價顯示，黃金現貨價27日最高一度上揚至1,128.08美元，創2015年11月3日以來盤中新高。
＊編者按：本文僅供參考之用，並不構成要約、招攬或邀請、誘使、任何不論種類或形式之申述或訂立任何建議及推薦，讀者務請運用個人獨立思考能力，自行作出投資決定，如因相關建議招致損失，概與《精實財經媒體》、編者及作者無涉。
資料來源-MoneyDJ理財網

AirAsia to gain from current lower jet fuel prices

Analysts at TA Securities Holdings Bhd (TA Research) upgraded its earnings projection for AirAsia Bhd (AirAsia) following a drop in jet fuel prices.
According to the Singapore Jet Fuel Swaps – a jet fuel price indicator – jet fuel prices closed at its lowest level since November 2003. Year to date, it has resumed the fall by another 24.8 per cent to US$33.1 per barrel on Jan 22, 2016 following a drop of 38.4 per cent in 2015, mirroring the downtrend in crude oil price.
Accordingly, TA Research upgraded its financial year 2016 (FY16) to FY18 earnings projections for AirAsia by 1.9 to 8.9 per cent after the change in assumptions for jet fuel price to average at US$50 per barrel for 2016 to 2018 as compared with our previous forecasts of US$65 per barrel for 2016 to 2018.
This also includes a 90 per cent of cost reductions from lower jet fuel price assumptions to be passed on to passengers through lower airfares.
“Although we are only one month into 2016, we reckon that our jet fuel price assumptions of average US$65/bbl for 2016 could be overly bullish, as Iran’s oil exports, after the economic sanctions were lifted, are expected to accelerate the glut in the market,” the firm said in a report yesterday.
“As such, we are revising our jet fuel price assumptions lower in the advent of revised budget 2016 announcement, which the government is expected to trim its expenditure based on a more realistic oil price assumption.”
Meanwhile, TA Research called on investors not to “read too much” into the AirAsia privatisation.
The news about privatising AirAsia first came to the market in October 2015 and recently repeated by AirAsia X, citing that taking the carriers – both AirAsia and AirAsia x – private is an option but both AirAsia and AirAsia X have not received any offers.
“Again, we do not spend much time to look into it as we believe taking AirAsia, one of the world’s best low-cost airlines, private is not an easy task without roping in strategic investors like the Employee Provident Fund, who has a strong financial muscle, to assume the mounting liabilities that AirAsia currently has.
“We upgrade AirAsia’s target price to RM1.72 and upgrade to buy from sell.”

AirAsia seeks to increase traffic by 3 mln passengers in Langkawi

LANGKAWI: AirAsia aims to fly an additional three million passengers to Langkawi over the next five years.
This is on top of the current 1.6 million passengers it ferried in 2015 and in the face of potential demand for traffic to the holiday island.
Group chief executive officer Tan Sri Tony Fernandes said to achieve the target, the airline is looking at more international routes from and to Langkawi, including Hong Kong, Jakarta and Shanghai.
AirAsia today welcomed its inaugural flight from Guangzhou to Langkawi at the Kompleks Lang Merah, Langkawi International Airport.
The budget airline had announced during the LIMA Airshow in March last year that Langkawi would be its latest international hub in Malaysia.
“Our plan is to base five planes here and over the next five years, I believe AirAsia can reach five million passengers.
“We will continue to add to the passengers to Langkawi and Kedah,” he told reporters after the welcoming ceremony.
Prime Minister Datuk Seri Najib Tun Razak, Kedah Menteri Besar Datuk Seri Mukhriz Mahathir and Transport Minister Datuk Seri Liow Tiong Lai were also present to welcome the inaugural flight.
It landed with a healthy 92 per cent flight load.
Among the guests on board were representatives from the Guangdong Tourism Authority and members of the media.
AirAsia currently holds a 60 per cent market share in Langkawi air traffic in operating direct flights to Kuala Lumpur, Penang and Singapore.
Fernandes cited the Guangzhou-Langkawi route as not only strengthening the airlines’ presence on the island, but also further boosting its economy with potential investments from China.
“By making Langkawi an international hub, we are confident we can boost the tourism traffic to the island.
“We have invested substantially to ensure this hub can accommodate and facilitate our projected traffic growth and achieve the goal of turning Langkawi into a regional Low Cost Carrier (LCC) hub,” he said.
Fernandez said AirAsia had received an average booking of above 80 per cent for the commencement of the inaugural flight from Guangzhou, which indicates a boom in tourism for Langkawi in respect of Chinese tourists.
To celebrate the momentous occasion, the airline is offering an all-in-fare from as low as RM199 one-way from Langkawi to Guangzhou and from Jan 25 until Feb 7, 2016 for the travel period of Jan 25 to May 2, 2016. – Bernama


Tony Fernandes to deal in AirAsia shares
KUALA LUMPUR (Jan 27): AirAsia Bhd ( Valuation: 0.60, Fundamental: 0.20)'s group chief executive officer Tan Sri Tony Fernandes intends to deal in the company’s shares during the closed period prior to the release of its results for the fourth quarter ended Dec 31, 2015.
In a filing with Bursa Malaysia, budget airline AirAsia said Fernandes, also AirAsia’s non-independent executive director, owned 530.14 million shares or 19.05% in the company.
AirAsia said the 19.05% stake comprised a 0.06% direct portion and an 18.99% indirect interest.
Fernandes' indirect 18.99% interest in AirAsia is held via Tune Air Sdn Bhd, according to AirAsia. His direct stake in AirAsia is held under CIMB Group Nominees (Tempatan) Sdn Bhd.
At 11:01am, AirAsia shares rose two sen or 1.5% to RM1.34, for a market capitalisation of RM3.73 billion.
The stock saw some four million shares transacted.
AirAsia's share price compares to the company's latest reported net assets per share at RM1.37.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
http://www.theedgemarkets.com/my/article/tony-fernandes-deal-airasia-shares

George Soros 已扳动大贬世界各地经济的机关.

最近他致力的发言
1。美国会像2008年那般的槽糕。
2。欧州已在崩盘的边缘。
3。本月21日又说中国将硬着陆。
他形容各国的保服经济努力就像往山上踢球。
世界经济大体都被他说贬了，到底是发生什么事？
其实他看空股市，正找最佳时机捞一笔。这是他一向来的拿手本领。
其实，股市也是个心理战场，其中一招让股市受压，即是攻击心理弱点，制造恐惧，从中大捞一笔。
当恐惧的程度累积达一个足够的威力，危机即发生。
在担心更大亏损的压力下，人心就不能克制自己于适度平衡而产生恐惧，以致做出不合理的动作。造成价钱上下波动。随而出现恐慌。
开始时，大众通常都会容忍风险，过后讨厌风险时更大抛售压力就会出现。
不知道将来会发生什么，在市场不确定性时期，在追求报酬相比避免亏损，投资者在做出选择会感觉为难。
在市场里头，你必须了解自己，清楚自己的承受力和接受程度，不好听进太多杂音。自我部署。
到底负面消息对市场破坏力有多大？大鳄的能力和影响力有多大？
会不会再出现2008年的危机，就得看弱势达什么程度是否让有心者们有机可趁？
一件可怀疑的事是，他们的连接动作让人担心。

http://www.bloomberg.com/news/articles/2016-01-21/george-soros-says-he-expects-hard-landing-for-chinese-economy

Soros: China Hard Landing Is Practically Unavoidable

Billionaire investor George Soros said China’s economy is headed for a hard landing, a slump that will worsen global deflationary pressures, drag down stocks and boost U.S. government bonds.
"A hard landing is practically unavoidable," he said in an interview with Bloomberg Television’s Francine Lacqua from the World Economic Forum in Davos on Thursday. "I’m not expecting it, I’m observing it.”
Soros, who built a $24 billion fortune through savvy wagers on markets, said he’s been betting against the Standard & Poor’s 500 Index, commodity-producing countries and Asian currencies, while buying Treasuries. China’s economic downturn will have spillover effects on the rest of the world, even though the nation’s policy makers have resources to manage the domestic fallout, he said.

 

The former hedge fund manager turned philanthropist joined a chorus of top investors -- including DoubleLine Capital’s Jeffrey Gundlach and Scott Minerd of Guggenheim Partners -- warning of further downside in riskier assets after a selloff that erased $16 trillion from global equities since June and sent commodities to the lowest levels in more than two decades. Concerns over China have roiled global markets this year amid waning investor confidence in the government’s ability to restructure the economy without a crisis.

Past Record

Hungarian-born Soros rose to fame as the manager who broke the Bank of England in 1992, netting $1 billion with a bet that the U.K. would be forced to devalue the pound. He also successfully bet that Germany’s mark would rise after the collapse of the Berlin Wall in 1989 and that Japanese stocks would start to fall in the same year. Soros, who began his career in New York City in the 1950s, led his hedge fund to average annual gains of about 20 percent from 1969 to 2011, when he returned money back to investors.
More recently, he has repeatedly warned of a 2008-like catastrophe. On a panel in Washington in September 2011, he said the Greece-born European debt crunch was “more serious than the crisis of 2008.” He reiterated that idea earlier this month, saying that global markets are facing a crisis reminiscent of the one more than seven years ago.

Deflation Risk

While Soros didn’t elaborate on his definition of a hard landing, he said a more accurate measure of China’s current economic growth is 3.5 percent, versus the latest official figures showing a 6.8 percent expansion in the fourth quarter. He added that the country’s unsustainable debt burden and capital flight are both signals of a hard landing. China had about $843 billion of capital outflows in the 11 months through November, according to a Bloomberg Intelligence estimate.

China’s slowdown is combining with lower oil prices and competitive currency devaluations to increase the risk of deflation around the world, Soros said. That will make 2016 a “difficult” year for markets because it’s a scenario investors aren’t used to, he said. Consumer prices in the U.S. declined 0.1 percent in December, while factory-gate prices in China have dropped for a record 46 consecutive months.
Soros said he would be surprised if the Federal Reserve raised interest rates again after increasing them in December for the first time in almost a decade, despite the central bank’s projection for further hikes this year. The Fed made a mistake in lifting rates when it did, he said, because deflationary expectations had already set in and consumers were less likely to respond to lower borrowing costs with increased spending.

Classic Bottom

Not everyone has such a bearish view. Investors are probably overstating the impact of China’s slowdown on the rest of the world and the economy is likely to avoid a hard landing this year, according to Goldman Sachs Private Wealth Management. Heather Arnold, who overseas about $42 billion as a money manager and director of research at Templeton Global Advisors Ltd., said in an interview in Tokyo this week that China shouldn’t be a big concern for global investors and she’s been boosting stock holdings.
“The depth of pessimism that’s out there seems unwarranted,” Arnold said.
U.S. stocks rebounded from the lowest levels in 21 months on Thursday, with the rally carrying through to Asian markets on Friday. The MSCI Asia Pacific Index climbed 2.4 percent at 10:32 a.m., while oil prices advanced and Malaysia’s ringgit led gains in emerging-market currencies. The Shanghai Composite Index increased 0.3 percent.
While asset prices may post a short-term rallies, Soros said, he hasn’t seen signs of a “classic bottom” in markets. It’s too early to buy, he said.
“This year is going to be a difficult year, and the balance is on the downside,” Soros said. “If you have a real bottom, it’s always retested.”

AirAsia X to reap benefits of lower fuel prices in 2016

By MIDF Research / The Edge Financial Daily   | January 21, 2016 : 10:29 AM MYT  

This article first appeared in The Edge Financial Daily, on January 21, 2016.

AirAsia X Bhd
(Jan 20, 19.5 sen)
Maintain buy with an unchanged target price of 26 sen: The management’s optimism is not without basis. AirAsia X Bhd (AAX)  chief executive officer (CEO) Benyamin Ismail and team hosted sell-side analysts to a financial year 16 (FY16) outlook briefing at their office at the low-cost carrier terminal recently.

We were also fortunate enough to chance upon Datuk Kamarudin Meranun (group CEO), who explained to us that he and the board of directors feel that AAX would perform fairly better in 2016 with internal stress testing and number-crunching pointing to operating profit. Overall, I left the meeting feeling upbeat on AAX’s prospects.
We believe that fourth quarter ended Dec 31, 2015 (4Q15) results could be in the black at net operating income (NOI) level on the back of 1) higher yields (revenue per unit) due to more rational pricing; 2) improved load factors (utilisation rate) due to seasonality and lower industry capacity; and 3) lower average spot jet kerosene price, which according to our calculations, would average at US$56 (RM244.72) per barrel (bbl; down 39% year-on-year [y-o-y]).
While profitable at NOI level, the main deterrent to a positive profit after tax (PAT) remains its interest expenses, which would be higher due to the higher average US dollar/ringgit of +27% y-o-y. Nonetheless, we believe that AAX’s 4QFY15 results will likely break even at PAT level.
On the issue of potential threats by Malindo, which is expanding its network to medium- to long-haul destinations such as Australia and China, the management believes that AAX remains ahead of the competition.
AAX flies Airbus A330 wide-body aircraft against Malindo’s Boeing 737 narrow-body. The bigger aircraft offers advantages such as higher operating efficiency and comfort to passengers while pricing its fares lower. Moreover, Malindo could find itself in Malaysia Airlines Bhd’s cross hairs or vice versa as Malindo positions itself more as a full-service airline.
AAX will be able to reap the benefits of lower jet fuel prices in 2016 as it has currently hedged 50% of its 2016 requirements at US$60/bbl, which is -32% lower than its 2015 hedge at US$88/bbl.
Meanwhile, spot jet kerosene is trading at US$40/bbl, which is -38% lower than the 2015 average of US$65/bbl.
On a blended average basis, if jet kerosene prices were to remain at current levels for the remainder of the year, AAX would enjoy fuel cost savings of -35%, paying US$50/bbl compared with 2015’s US$77/bbl.
Meanwhile, we expect the weaker ringgit to be cushioned by natural hedges as 75% US dollar-denominated cost is hedged against 70% foreign-currency revenue (mainly US dollar and Australian dollar).
Our “buy” call is premised on AAX: 1) benefiting from lower fuel hedges in FY16; 2) improving yields and load factors from industry capacity cuts and less competitive pricing; and 3) compelling valuations, trading at only 7.7 times and four times FY16 and FY17 earnings per share respectively. — MIDF Research, Jan 20

http://www.theedgemarkets.com/my/article/airasia-x-reap-benefits-lower-fuel-prices-2016

产业股风光不再，5家周息率平均6.87%的【惨】业股！

产业股风光不再，5家周息率平均6.87%的【惨】业股！
http://harryteo.blogspot.my/2016/01/1204-5687.html

衣食住行，相信很多人都为【住】这方面而感到头疼。因为屋价居高不下，年轻一代要自己购买一间属于自己的房子并不容易.2013年我就是因为买不起产业而跑去买产业股，当时笔者的心头好分别是MATRIX以及TAMBUN。而这两家产业过在当时也给了我非常丰厚的股息，平均大约5 - 6%之间。

不过好景不长，2014年下半年产业股开始走下坡，2015年更是进入寒冬期。以现在的局势来看，2016年的产业领域还是会非常萧条。几位做Property Agent的朋友也告诉我现在的行情很差，生意难做。从过去两个季度我们就可以看到产业股的业绩盈利大不如前，很多公司的盈利都一直在下滑。

今天笔者筛选出5家基本面不错的产业公司:

 

这5家公司的平均PE才5.19, 最低的是KSL的3.82，而最高是MATRIX的6.43。

• 为什么产业领域的PE可以这么低呢??原因是产业领域已经步入熊市，所以大家都对产业股比较悲观。当大家很看好一个领域的时候，通常这些公司的PE都会比较高。举个例子，现在Plastic以及木材股的PE都介于10 -20之间。
• 由于股价走低，产业股的股息也变得非常诱人。这5家公司的平均周息率高达6.87%，有些甚至比产业信托还高。
• 大家注意看的话，你们会发现HUAYANG, KSL以及SHL的NTA >股价。而且这些公司的Profit Margin介于20 - 34.3%， 在同行里都是佼佼者。
• 产业股市有周期性的行业，这5家公司在2013年以及2014年的平均涨幅是63.52%以及27.57%。去年平均跌幅是9.14%以及今年的2.99%。
• 有些读者问我产业股市否可以趁低买进，我的回答是，假设你是想拿股息。以上公司都是可以考虑的，假设是要资金增长，这是有点难度的。

不过股市就是有起有落，只要产业股在几年后开始复苏。笔者相信以上的几家公司又会再爬起来，因为风水轮流转，过几年可能就会到你家了。

2015年10家平均上涨103.33%的【贵】股！！

sharing from :
1207.【贵或便宜】- RM5以上的贵股也有春天？ 2015年10家平均上涨103.33%的【贵】股！！

假设你是个散户，你会买股价超过RM5的股票？相信大部分的人都会回答不会，笔者在1年前也会给出相同的答案。一直到去年的9月，笔者的几位前辈介绍了TOPGLOV这家手套股。当时TOPGLOV的股价已经RM7.50左右，我第一个反应是要不要哦？？这么贵的股真的是买不下手哦！直到我花了时间做了功课，我才发现TOPGLOV真的非常吸引人！ 那时候我就在RM8开始买进顶级手套，到现在股价已经是RM13.90了。所以说有【价值】的贵股也不一定会输给所谓的便宜股。

而笔者的师父也说，假设你买一家RM1的股票，你会多少股？基本上大家都会说1,000 units = RM1,000。假设你买超过RM10的股票，你也可以买100股也是相当于RM1,000。2015年虽然大势不稳定，但是有一些业绩优秀的贵股都交出了出色的迎接。今天笔者将会列出其中10家平均上涨103.33%的贵股。

浅谈贵股的春天:

• 以上的10家公司在2015年封关介于RM5.64 - 13.90之间，涨幅的幅度是37.52% - 200.44%之间。2016年平均价格RM8.64。
• 当中有5家是工业股，2家消费股，2家科技股以及1家贸服股。
• 2015年涨幅超过100%的有TOPGLOV, LATITUD, KESM, MPI以及KOSSAN。
• 而且很明显大部分的公司都是受益于美金走高以及油价下跌。2016年已经走了半个月，马币以及国际原油价格继续走低，这些公司在今年前半年内应该还会继续维持出色的业绩。
• 此外，这些公司的ROE平均有16.61，除了KESM低于10，其他9家公司的ROE都介于12 -20.74。这是非常出色的数据，也证明管理层善于利用股东基金为公司创造盈利。
• 此外，马来西亚股市股价超过RM10的公司不超过30家，而SCIENTX以及MPI就在今年挤进了股价RM10的榜单。

• 笔者也一直相信公司的股价的涨幅离不开盈利，只要盈利进步，公司的股价自然而然会上涨。
• 上图是10家【贵】股过去4年的EPS表现，我们可以看到这些公司的盈利大部分都是一年一年优秀的。
• 只要以上公司可以仅需维持这种盈利上升的势头，就算股价再高，懂得他们内在美(价值)的投资者还是会买进这些公司的。 

CATACLYSMIC YEAR"SELL EVERYTHING"

Dear Concerned Investor:

"Sell everything" is the startling new advice from The Royal Bank of Scotland - warning its clients to brace for a "cataclysmic year."
No one can blame you if you're one of the many investors who is worried right now...
Not when CNN is proclaiming that this "global market freakout" is spreading...Canada's officially in a bear market (stocks down more than 20%)...things have gotten so bad in China that officials keep shutting down the market to keep it from falling any further.

And now this "freakout" is hitting close to home - the U.S. markets are off to the worst four day start to a year...ever.

Yes, danger is lurking out there, but brave investors have built enormous fortunes during the worst markets. J Paul Getty became the richest man in the world by buying oil stocks during the Great Depression...and John Paulson reportedly made a mind-boggling $3.7 billion during the largest stock-market crash this century.

And now this crashing market is offering brave investors like you another potentially historic buying opportunity.
The way to profit is surprisingly simple...

How to Thrive in Crashing Markets
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Buffett's genius solution is as simple as it is effective:
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"

Well, let me ask you...
What are you hearing when you turn on the tv?
What are you reading in the newspaper? What are your friends telling you?
Does it seem like people are afraid?

Because if others are afraid, I think it's time to start being greedy - by using an investing system that proved itself during the biggest stock market crash of this century.
This system's performance was so remarkable that the Wall Street Journal reported that the newsletter was ranked #1 in the world for a five-year period that included the worst stock-market crash since the Great Depression.*

Today is your chance to take advantage of the amazing opportunities this system has uncovered.

Profiting during a market crash can often require two things:
    The courage to be greedy when others are fearful
    A system with a long track record of not just surviving, but thriving through market cycles.

I can't give you the courage to act - that's up to you - but if you decide that you are the kind of person who can take advantage of these potentially amazing buying opportunities...
I can give you inside access to the recommendations provided by this system - a system which has shown a remarkable ability to succeed through even the worst markets.

Remember, history teaches us that the terrified investors running for the exits will eventually come to their senses - once that happens this amazing opportunity could be gone