【CAPITALA 5099 交流专区】（前名 AIRASIA ）

icy97

将与泰国国航洽谈 泰国亚航探讨售20%股权

财经新闻 财经  2016-02-21 11:28
（曼谷20日讯）亚洲航空（AIRASIA，5099，主板贸服股）旗下的泰国亚航将和泰国国际航空公司（THAI）会面洽谈，探讨将20%的股权脱售予后者的可能性。

泰国亚航总执行长塔萨指出，他将于下周安排和泰国国际航空总裁乍林蓬会面，以洽谈由泰国副首相颂吉提出的建议。

他向《曼谷邮报》指出，由于要和乍林蓬进一步的面谈，因此未能透露更多详情。

他证实颂吉在与旅游局代表的会议上，提出泰国国际航空吸纳泰国亚航股权的献议，将有助双方带来协同效应，同时可拓展航线至柬埔寨、寮国和缅甸。

再者，这项协同效应可打造泰国成为区域的旅游枢纽。

据知，颂吉已指示乍林蓬在2个月内完成收购股权的可行性研究，若成事将会由财政部旗下的Vayupak基金融资完成交易。【南洋网财经】

APULA

燃油成本低‧搭客需求增 亚航末季转盈5.5亿
财经新闻 财经  2016-02-27 10:02
http://www.nanyang.com/node/750006?tid=462

（吉隆坡26日讯）受益于低燃油成本和搭客需求增长，亚航（AIRASIA，5099，主板贸服股）截至去年12月31日末季业绩表现不俗，按年转亏为盈，净赚5亿5420万令吉。

亚航上财年同季净亏4亿2851万令吉，或每股净亏15.40仙。

此外，营业额按年增长47%，达21亿6777万令吉，主要因为乘客人数按年增长10%，达647万人，让承载率（load factor）按年提高至85%高水平。

至于每公里机位营收（RASK）按年增40%，达22.29仙，而平均机票价格则按年起4%，至177令吉，因需求强劲。

亚航总执行长艾琳奧玛表示，对于大马营运，末季是一个非常好的季度。

“RASK走高反映出降低票价，可刺激市场情绪，因乘客数量显著增加。”

辅助收入近达标

同时，每名乘客辅助收入升至49令吉，接近亚航短期目标的50令吉。

累计全年净利，按年飙升5.53倍，至5亿4096万令吉或每股净利19.4仙，而营业额则升16.31%，达62亿9906万令吉。

亚航集团总执行长丹斯里东尼费南德斯表示，在国内，公司受惠于疲弱货币的环境，国内消费者选择在国内旅游，而相比汇率较高的欧洲和北美洲，区域旅游胜地仍显得较为诱人。

他指，中国游客的需求保持韧度，加上今年来大马免签证，这将显著提振来临季度的游客数量。

“随着去年创下盈利新纪录，我们看好今年的表现。”

东尼指出，亚航已把今年燃油需求的52%进行对冲，锁在平均每桶59美元的油价。

在点评联号公司的表现，除了菲律宾之外，泰国、印尼及印度皆表现逊色，甚至亏损扩大。

他指，菲律宾营运在末季获得显著改善，且接近收支平衡的水平。

东尼表示，在预计高承载率及低油价下，看好菲律宾子公司能够持续在未来数个月朝向收支平衡的方向前进，甚至转亏为盈。

至于亚航日本，将会在今年首半年正式重新营运。

5099    AIRASIA    AIRASIA BHD

Quarterly rpt on consolidated results for the financial period ended 31/12/2015

Quarter: 4th Quarter Financial Year End: 31/12/2015 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2015 31/12/2014 31/12/2015 31/12/2014 RM '000 RM '000 RM '000 RM '000 1 Revenue 2,167,768 1,478,193 6,299,064 5,415,744 2 Profit/Loss Before Tax 434,513 (391,986) 215,005 22,701 3 Profit/(loss) attributable to ordinary equity holders of the parent 554,198 (428,509) 540,962 82,836 4 Net Profit/Loss For The Period 554,198 (428,509) 540,962 82,836 5 Basic Earnings/Loss Per Shares (sen) 19.90 (15.40) 19.40 3.00 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 1.6000 1.6400

icy97

人人都能飛？

2016-02-28 19:50      
亞洲航空（AIRASIA，5099，主板貿服組）與國營對手馬航（MAS）的換股計劃，在大馬告吹後，可能會在鄰國實現。

較早前，泰國副首相曾漢光在一場旅遊局、泰國航空與屬下微笑泰航、泰國亞航（Thai AirAsia）等代表出席的會議上，提出由財政部旗下基金出錢，讓泰航洽購泰國亞航20%股權的提議。

當時，曾漢光表示，泰航成為泰國亞航的主要大股東後，可以發揮協同效應，將航線擴張至寮國、緬甸以及柬埔寨等國家的城市，該項合作也會加強泰國成為區域旅遊樞紐的地位。

雖然泰國亞航首席執行員泰薩本表示，一切詳情必須要等到雙方洽談完畢，才能宣佈，但泰國政府入股，顯然只是時間問題而已。在軍政府掌權的泰國，恐怕所謂的“商議”就是“指示”了。

目前，泰薩本是泰國亞航最大股東，他透過亞洲航運（AAV）持有55%股權，其餘45%由亞航掌握。一般相信，泰薩本會出讓20%股權予泰國政府，而亞航的股權則維持不變。

當年，馬航大股東國庫控股（Khazanah）打算以20%股權換取亞航的10%股權，不僅遭到“愛國人士”批評說這是虧本交易，還面對大馬競爭委員會（MYCC）的壟斷調查，最後不了了之，兩家公司反而越走越遠。

泰國政府“建議”入股，對泰國亞航來說，擁有這座靠山，在爭取新航線等計劃時可能如虎添翼，大開方便之門。

可是，與政府關係過於密切，也暗藏危機，畢竟政府過於干預市場，往往會招致反效果。

不久前，亞航集團首席執行員丹斯里東尼費南達斯說，希望趁油價低迷時，重新佈局東南亞市場。作為區域中樞的泰國，是這項戰略的重要板塊，如果泰國政府插手亞航的拓展計劃，會造成哪些影響？

泰國亞航業務近來轉好，截至去年12月31日止財政年，營運盈利從3億4千460萬泰銖大幅提高到20億1千440萬泰銖，除了受惠於油價下跌，積極降低成本也是主要原因。

雖然泰航入股可能進一步降低泰國亞航的採購成本，可是，國營機構的裙帶作風，難道亞航在大馬還受不夠？誰說背靠政府一定是好事？（星洲日報／投資致富‧投資茶室‧文：王寶欽）

icy97

联号公司风险未退 亚航前景仍存隐忧
财经新闻 财经  2016-03-01 13:19
http://www.nanyang.com/node/750489?tid=462

（吉隆坡29日讯）分析员指，虽然蒙受亏损的联号公司菲律宾亚航及印尼亚航，为亚航（AIRASIA，5099，主板贸服股）带来的忧虑减缓，但未脱离风险。

早前，两家联号公司因为必须注入资金，及延后偿还资金给亚航，导致市场对亚航引起忧虑。

安联星展研究分析员表示，在这些问题获得解决后，亚航可稍微喘息。

印尼亚航及菲律宾亚航持续进行的重组计划，意味着两家联号公司将在2016财年蒙受较少的亏损。

联昌国际投行指，去年末季，印尼亚航及菲律宾亚航分别注销1亿7300万令吉和7800万令吉的亏损。来自贸易应付贷款的1亿令吉外汇亏损已记在帐内。

“这项整顿活动意味着亚航2016财年，不会面对注销和拨备，进而激励投资者对该股的信心。”

但整体而言，不利还未完全消退，分析员指，印尼亚航及泰国亚航皆逊于预测。

要提高透明度

印尼亚航在2015财年的核心亏损达2亿6700万令吉，比预测的2亿5000万令吉还要严重，因为机票定价比预期低。

至于泰国亚航核心盈利为1亿7200万令吉，比财测低12%。

不过，菲律宾亚航面对核心亏损2亿令吉，却比预期低31%，因为需求和承载率持续强劲攀升。

肯纳格投行也指出，虽然联号公司按季业绩有改善，但亚航今年仍深具挑战，因须致力于整合账目，以及提高与联号公司之间的相关人士交易的透明度。

低油价带动盈利看涨

由于燃油价格跌至每桶45美元，亚航盈利有进一步增长空间。

亚航把今年燃油需求的45%至50%，锁定在每桶58至64美元，安联星展研究分析员预计，平均每公里机位燃油成本将下跌多达22%。

此外，达证券也指：“亚航已把50%的燃油需求锁定在平均59美元，相比去年平均的81美元，相信可节省一大笔燃油成本。”

至于大马亚航，则持续受惠于马航重组计划，加上市场趋向更理智的竞争，也会成为利好因素。

Malindo已成为全方位服务航空，将会搬迁至吉隆坡国际机场（KLIA），而这让亚航成为唯一一家在吉隆坡第二国际机场（KLIA2）营运大马廉价航空公司。

此外，分析员预计今年中国旅客的需求保持强劲，将有助提振国内旅游活动。

在多项利好因素带动下，加上2015财年业绩胜于预测，分析员纷纷亚航上调2016和2017财年净利预测。

其中，安联星展研究分析员把亚航2016和2017财年核心净利，分别提高45%和31%，并把投资评级上调至“买入”。

达证券则把2016净利预估，调高54%；2017和2018财年净利，分别调高19%和19%。



撥雲見日‧亞航今明年財測上調
2016-02-29 17:19      
http://biz.sinchew.com.my/node/132136?tid=18

elvingan

股价突破阻力，短期上看 RM 2.00 强力买进airasia , aax

哭哭鸟

AirAsia to soar 100%-200%. Phoenix RISING
Author: HebePower   |   Publish date: Wed, 2 Mar 2016, 12:01 AM
http://klse.i3investor.com/blogs/Airasia/92359.jsp

When many people talk about airline stocks, there will be the usual grumbling and negative comments. But do you know that airline stocks are the perfect anti-oil instrument in this current cycle?

Oil and fossil fuel is dying, making way for renewable energy. Unlike previous cycles, oil will not recover. That's because technology for renewables have reached an inflexion point when it's actually cheap and feasible to use renewables. This will be great for airline stocks (you would know if you have been tracking global airline stocks).

Anyway, back to airlines and AirAsia.

1) AirAsia : Most lagging Airline stock in the WORLD

Do you know that global airline stocks are rallied 200-300-400% in the last 2-3 years??

Southwest Air's share price in the US tripled from 10.62 in 2014 to 42.34 now! Delta Air also nearly tripled from 12.65 to 48!

What about AirAsia? AirAsia's share price actually went down 27%! Think it's fair to say that it's time for AirAsia to catch up! A double, or triple maybe.

Anyone who say that Airlines is a not so good business should look at the charts above as proof that airlines is a good business for this cycle. The current economic cycle of low oil prices is a blessing for non-oil logistics as well as tourism travel stocks ie Airlines.

2) AirAsia is super cheap now : only 4.7x PE!

AirAsia is forecasted by HLG Research to make RM822m core profit or 29 sen core EPS for 2016. This means it's only trading at 4.7x 2016 PE. Serious?!

Ryanair and Southwest trades at 13x and 12x PE. This means AirAsia is only 60% cheaper than it's contemporaries. It's ridicilous because AirAsia is a world famous brand and is the strongest proxy to South East Asia. It should trade at least at the SAME valuations as these two stocks ie at least 12-13x. This would mean a potential 150% upside from here.

3) AirAsia profits trending upwards and Higher in 2016-17

Oil and Jet fuel prices have been lower recently, plus AirAsia's hedges will be lower which means much lower fuel costs for coming quarters and higher profits. Plus it has already kitchen sunked it's losses in Indonesia and Philippines, which means a clear financial path for 2016.

All in all, AirAsia's profits will boom higher in 2016 which will make it even cheaper. Pegging a 13x PE fair valuation AirAsia should be trading at above RM3.50 in 1-2 years time.

哭哭鸟

(Icon) Air Asia - Sell Your Car, Sell Your House. Time To Sai Lang
Publish date: Wed, 9 Mar 2016, 09:39 AM  
http://klse.i3investor.com/blogs/icon8888/92726.jsp

1. IntroductionRecently, Air Asia released a strong set of results for the December 2015 quarter. Many investors jumped in to take position. How good was the result actually ? Did the December 2015 quarter contain any one off gain ? Can the good performance be repeated ? Is Air Asia still a good buy at current price ?

2. P&L Analysis
To answer the above questions, I put Air Asia's past few quarters' results in a spreadsheet and did a quick analysis.

Plenty of pleasant surprises.

        

Key observations :-

(a) Fuel Cost

According to quarterly reports, Air Asia used 6.28 mil barrels of oil in FY2015 and average fuel cost was USD81 per barrel (being average of 88, 85, 77, 75).

To test whether my understanding is correct, I did a back of envelope calculation.

2015 estimated fuel cost = 6.28 mil barrels x USD81 x 3.90 = RM1,984 mil.

According to quarterly reports, total fuel consumption was RM2,001 mil. It seemed that the formula works.

I have been made to understand that the group has hedged some of its FY2016 fuel requirement at USD59. Lets use that to run a simulation.


By applying the same formula, estimated fuel cost for FY2016 = 6.28 mil barrels x USD59 x 4.10 = RM1,519 mil.

Fuel Saving = RM2,001 mil - RM1,519 mil = RM482 mil

Based on 2,783 mil shares, fuel saving alone is 17.3 sen per share !!!

Now you know why I ask you to sell car sell house.

(b) Revenue

This item is very important. One of the main reasons Air Asia reported such strong December results was because its revenue jumped Q-o-Q from RM1.52 billion to RM2.17 billion. We need to examine the figures to find out whether it can be repeated going forward.

As shown in table above, there were two main things that caused December revenue to spike. The first one was aircraft operating lease of RM728 mil, an increase of RM484 mil compared to previous quarter's RM244 mil. The company explained that it was revenue previously not recognised due to uncertainty of recoverability. If that is the case, it will be a one off item.

The second reason was higher passenger seat sales of RM1,133 mil compared to previous quarter's RM987 mil, an increase of 15%. In my opinion, this item is indication of genuine improvement in operational performance.

(c) Operating Expenses

Apart from fuel cost, other expenses such as staff cost, maintenance, etc remain stable and in line with historical performance.

(d) Associates

This item is also very important. In September and December 2015 quarter, associate losses was RM625 mil and RM225 mil respectively. We need to understand how those losses arise and whether they will occur again in the future.

For comparison purpose, the table below shows both Malaysia operation as well as those of associates :-

        

As shown above, 45% owned Thai Air Asia is quite sizeable. Its revenue was almost half of Malaysia operation. It is also profitable, with PBT of RM68 mil in latest quarter.

Indonesia Air Asia is 49% owned. Its revenue was about 1/4 of Malaysia operation. This associate incurred forex loss of RM324 mil in December 2015 quarter, and was the main reason behind Air Asia's massive associate losses of RM225 mil.

Philippines, India and Japan's operation is quite small.

I am relieved to find out that the huge associate losses seen in December 2015 quarter was due to Indonesia Air Asia's forex loss (and hence one off). This means that operationally, even though the associates are loss making, they are not bleeding the group in a big way.

In (a) above, I showed how the group will benefit from low fuel cost. The same should happen to all these associate companies as well. As such, in coming quarters, it is not inconceivable that associates contribution will turn positive.

3. Projection and Valuation

As usual, to determine whether Air Asia is overvalued at current price, I rely on PE multiple.

Based on 2,783 mil shares and RM1.66, Air Asia's existing market cap is RM4.6 billion. Based on 10 times PE multiple (plucked from the air), I will only feel comfortable if Air Asia can generate at least RM460 mil net profit per annum.

Is Air Asia in a position to deliver ? I constructed a simple financial model to try to gain further insight :-
        
To be objective, I chose not to manipulate any figures and instead let them flow naturally. Without any interference from me, the financial model churns out potential net profit of RM1.1 billion, or EPS of 40 sen for FY2016.

The figure looked staggering. Is it far fetched ? Is Icon8888 the only one that came up with such bullish projection ?

Not really, the following are recent analysts' forecast for Air Asia. Their figures are not as high as mine (probably due to more conservative assumptions regarding fuel cost). However, the projections are still way above market expectation (as reflected by latest market price) :-

        
        (Maybank IB analyst report dated 29 February 2016, expects RM796 mil net profit this year. EPS of 28.6 sen)

        
        (Hong Leong IB analyst report dated 29 February 2016, expects RM822 mil net profit this year, RM1.06 billion net profit next year)

        
        (Kenanga IB analyst report dated 29 February 2016, expects RM810 mil net profit this year)

        
        (Public IB is the most conservative. However, it is still as high as RM683 mil, or EPS of 27.6 sen)

4. Concluding Remarks

I believe the market has not fully understood the implication of Air Asia's latest turn around. Having said so, I would like to point out that RM1.1 billion net profit is aggressive and is NOT what I am targeting for in FY2016. Same as every other stock, I am only targeting 30% return for Air Asia by end 2016 (Target Price roughly RM2.20). Anything above that is bonus.


In view of the favorable balance of reward vs risk, I hereby stick my neck out to scream for Buy. Air Asia's slogan is "Now Everyone Can Fly". My slogan is "Now Everyone Can Buy".

However, I am just joking when I said sell car sell house. Please buy within your means.

Last but not least, it is pointless to blame others when your investment is down. That won't help you to become a successful investor. My article should be treated as a rich source of information to help you to understand a stock, not a fixed deposit slip that guarantees your return.

Your money your risk your reward. Have fun.

icy97

Notice of Person Ceasing (29C)

AIRASIA BERHAD

Particulars of Substantial Securities Holder

Name	EMPLOYEES PROVIDENT FUND BOARD
Address	Tingkat 19, Bangunan KWSP Jalan Raja Laut Kuala Lumpur 50350 Wilayah Persekutuan Malaysia.
NRIC/Passport No/Company No.	EPF ACT 1991
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares of RM0.10 each
Date of cessation	07 Mar 2016
Name & address of registered holder	Citigroup Nominees (Tempatan) Sdn Bhd Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur Wilayah Persekutuan

Currency	Malaysian Ringgit (MYR)
No of securities disposed	7,306,000
Price Transacted ($$)
Circumstances by reason of which Securities Holder has interest	Disposal of Shares
Nature of interest	Direct and Indirect
Date of notice	08 Mar 2016

icy97

icy97 发表于 4-2-2016 02:48 AM
亚航逾亿加码Think BIG Digital

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	AirAsia Berhad proposed acquisition of up to 25.8% equity stake in Think BIG Digital Sdn. Bhd. from Tune Money International Sdn. Bhd.
Pursuant to the announcement released on 3rd February 2016, AirAsia Berhad ("Company") is pleased to announce that the Company has on 11th March 2016, completed the acquisition of 25.8% equity interest in the issued and paid-up ordinary share capital of Think BIG Digital Sdn. Bhd. for a cash consideration of RM101.5 million. This announcement is dated 11th day of March 2016.

icy97

亞航逾2000萬 向亞航長程租客機
  
2016年3月16日
（吉隆坡16日訊）亞洲航空（AIRASIA，5099，主要板貿服）以492萬8000美元（約2043萬7894令吉）向亞航長程（AAX，5238，主要板貿服）租賃一架A330客機，以服務吉隆坡往返亞庇的航線。

兩家公司今日向馬證交所報備此事，稱雙方已于今日簽署有關合約，合約有效期從今年3月17日至6月12日，合約屆滿后可延長。【中国报财经】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	AIRASIA BERHADAIRCRAFT WET LEASE AGREEMENT BETWEEN AIRASIA BERHAD AND AIRASIA X BERHAD TO MITIGATE OPERATIONAL CONSTRAIN FROM 17 MARCH 2016 TO 12 JUNE 2016 PEAK PERIOD
Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”), AirAsia Berhad is pleased to announce that it has today entered into an Aircraft Wet Lease Agreement with AirAsia X Berhad (“Agreement”) to mitigate operational constrain from 17 March 2016 to 12 June 2016 (hereinafter referred to as “the Transaction”). Please refer to the attachment for further details. This announcement is dated 16 March 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5032525

Attachments Bursa Announcement_AAB_AAX_Wet Lease Agreement (AA Legal 16032016) FINAL V.2.pdf

icy97

避开限制全控印度亚航 东尼申请印度公民权

财经新闻 财经  2016-03-17 07:48
（海德拉巴16日讯）亚航集团总执行长丹斯里东尼费南德斯表示，已经申请印度公民权，好让他可以全面持有印度亚航，同时免受一些当地航空条例的限制。

父母均来自印度的东尼，今天在印度海德拉巴接受彭博社访问时表示，若申请获批，无疑会是场“盛会”，届时，他将与其他每个人一样“平起平坐”。

假设印度政府授予东尼特别的公民权，他或有能力挡开那些指亚航违反外资持有条例的同行抨击，即使亚航最多只能够持有49%股权。

成为印度海外公民，料能帮助东尼铲除路上的荆棘，收购所有股权。目前，他是与印度塔塔集团（Tata）和一名私人投资者，共同持有印度亚航。

增20飞机

亚航是在2014年6月开始印度业务，加剧了当地的航空市场竞争，因当地业者在过去7年，已蒙受了100亿美元（约414.18亿令吉）的亏损。

另一方面，东尼表示，虽然印度有5/20条例，但亚航对印度市场非常乐观，以及增加20架飞机。

他表示：“我们即将会在3至4个月内，迎来2架新飞机。”

所谓“5/20条例”，就是印度航空公司只可在拥有20架飞机和启航5年后，才能获准拓展国际航线。

早前，印度商报《The Economic Times》报道指，当地政府计划废除该项条例下，至少启航5年才可开拓国际航线的要求，但坚持航空业者至少拥有20架飞机用作国内航线。

此外，东尼费南德斯透露，印度亚航已委任新财务总监，以及商务主管，但不愿透露名字。

不回应私有化传言

至于是否会私营化印度亚航，东尼费南德斯不愿作出回应。

早前，市场传出持有印度亚航10%股权的大股东阿伦巴哈迪亚，因为不满印度亚航现有的运作模式，而表示拒绝再注资给公司。

在印度亚航创立时，阿伦巴哈迪亚原本持有21%股权，印度塔塔集团持有30%，其余股权则属于亚航所有。

但在今年8月，由于阿伦巴哈迪亚拒绝进一步投资给公司，而塔塔集团则选择继续注资，因此造成股权架构出现变化。

目前，亚航集团持有印度亚航49%股权，而塔塔集团则持有41.06%，其余的约10%属于阿伦巴哈迪亚。【南洋网财经】

icy97

印度亚航人事变动 阿马阿鲁任CEO

财经新闻 财经  2016-03-18 10:18
（新德里17日讯）亚洲航空（AIRASIA，5099，主要板贸服）旗下印度亚航宣布一系列人事变动，委任Tune Money公司总执行长阿马阿鲁，出任新总执行长，下月1日正式生效。

印度亚航指出，阿马阿鲁将取代合约届满的米都詹迪亚。

在印度土生土长的阿马阿鲁，毕业于德里大学，同时也是印度特许会计师协会的会计师。

他在2013年加入Tune Money公司前，曾在美国运通公司（American Express）任职19年，在多个市场领导过不同的团队，包括香港、新加坡、英国、印度和大马。

米都詹迪亚自2013年6月1日开始领导印度亚航，合约即将于3月31日届满，不过，将会持续留在公司直到4月杪，以确保交棒过程顺利。

印度亚航主席拉玛都莱指出，公司对于米都詹迪亚的付出和领导深表感激，如今有阿马阿鲁稳健的接班人，其丰富的经验将对公司的未来发挥关键的作用。

委任两高层

“加上资深的管理团队，我们有信心阿马阿鲁能领导亚航印度，迈向另外一个增长阶段。”

阿马阿鲁则说，印度亚航将迎来强稳的增长，因此期待领导团队，为更多人提供乘搭公司班机的机会。

另一方面，印度亚航也宣布另外两项人事变动，宣布安古甘纳担任财务总监，基兰查因则担任商业部主管。

前任财务总监维杰戈巴兰，基于个人理由而辞职，如今由安古甘纳出任该职。

印度亚航目前共有6架飞机和12条航线。

基于当地政府对航空公司的管制严谨，启动国际航线也有附带条件，促使印度亚航去年宣布暂停一切拓展计划，直到政府给予更明确的政策指引为止。【南洋网财经】

APULA

联手中国光大银行 传东尼拟私有化亚航
财经新闻 财经  2016-03-27 11:03
http://www.nanyang.com/node/754481?tid=462

（吉隆坡26日讯）传亚航集团总执行长丹斯里东尼费南德斯计划与中国光大银行，联手私有化亚洲航空（AIRASIA，5099，主板贸服股）。

《The Edge》引述消息报道，东尼和伙伴拿督贾马鲁丁，已与中国光大银行进行了一段时间的洽谈，以联手将亚航私有化。

据了解，这已不是东尼第一次试图私有化亚航，市场已多次传出东尼拟私有化亚航。

消息称，以往的计划失败是因为融资的问题，而这一次，情况则相对稳定。

中国光大银行是上海交易所的上市公司之一，市值超过250亿美元（约1010亿令吉）。而其母公司———中国光大集团股份公司，则是国营企业。

东尼和贾马鲁丁通过Tune Air私人有限公司，一共持有亚航的5亿2504万股，相等于18.87%股权。

截至周五，亚航的闭市价为1.81令吉，市值达50.3亿令吉。这意味着，东尼和贾马鲁丁手上未持有的81.13%股权，市价达40.8亿令吉。

根据常规的20%溢价估算，东尼和贾马鲁丁将需要拨出约50亿令吉，相等于每股2.21令吉，来私有化亚航。

截至去年杪，亚航的净有形资产企于每股1.60令吉。

然而，值得注意的是，该股股价一直在攀涨，在过去1个月内已走扬近三分之一。不仅如此，交投也很热络，曾多次挤上热门榜。

去年开始，关于亚航大股东要私有化的传言从未间断，惟公司在去年11月出面澄清，采取策略投资的大股东“尚未决定”是否会展开私有化，但强调目前未有接到任何献议。

icy97

增持印度亚航至49% 塔塔与亚航平起平坐

财经新闻 财经  2016-03-29 13:32
（吉隆坡28日讯）印度塔塔集团建议，增持印度亚航的股权至49%，与亚洲航空（AIRASIA，5099，主板贸服股）的持股率达到相同水平。
目前，塔塔集团持有印度亚航的41.06%股权。

塔塔集团发文告宣布，在3月14日与印度亚航、Telestra Tradeplace私人有限公司、以及印度亚航两位董事拉玛都莱和文卡塔拉曼签署一项协议。

在该项协议下，塔塔集团向阿伦巴哈迪亚旗下的Telestra Tradeplace收购印度亚航的7.94%股权。

4月完成交易

同时，印度亚航的主席拉玛都莱和董事文卡塔拉曼将联手收购Telestra Tradeplace剩余的2%股权。

亚洲航空的控股公司亚航投资有限公司，将维持印度亚航49%的持股率。

塔塔集团表示，假设获得所有企业批核及通过相关程序，将会在4月完成该项交易。

印度亚航在2014年6月创立时，阿伦巴哈迪亚原本持有21%股权，印度塔塔集团持有30%，其余股权则属于亚航所有。

但在去年8月，市场传出阿伦巴哈迪亚因为不满印度亚航现有的运作模式，而拒绝进一步投资给公司，而塔塔集团则选择继续注资，因此造成股权架构出现变化。【南洋网财经】

icy97

亚洲航空 股价若续涨可套利

财经 股市 行家论股  2016-03-29 11:58

目标价：1.80令吉

最新进展
媒体再传亚航集团总执行长丹斯里东尼费南德斯拟私有化亚洲航空（AIRASIA，5099，主板贸服股），而这次是与与中国光大银行联手。

亚航表示没有收到任何正式的献议，而不作出回应。

以上周五亚航的1.81令吉闭市价计算，献购者至少要拿出40.8亿令吉，来进行收购其余股权。

行家建议
根据估算，近数年来，这已是市场第6次传出亚航将会被私有化，不过，每次都没有正式献议。

亚航在去年杪的特大获股东授权回购公司10%的股权，显示出该集团释出“不卖”的讯号。

同时，东尼和贾马鲁丁掌控的Tune Air，在过去12个月也没有累积该股。

自2月杪公布的第四季业绩表现不俗后，该股已扬升了30%，这已高于我们的1.80令吉目标价，因而下修评级至“守住”。

若这私有化消息继续推高亚航股价，投资者可选择套利。



分析：马银行投行研究

【南洋网财经】

APULA

亞航澄清不私有化
2016年3月30日
http://www.chinapress.com.my/20160330/股價大熱走高-亞航澄清不私有化/
　
（吉隆坡30日訊）亞洲航空（AIRASIA，5099，主要板貿服）駁回市場指公司大股東打算進行私有化的傳聞。

針對財經週刊《The Edge》引述消息報導指Tune或與中國光大銀行聯手私有化亞航一事，亞航向馬證交所澄清，公司對報導所指原因毫不知情。

亞航創辦人丹斯里東尼費南德斯和拿督卡馬魯丁及Tune Air，目前也未有考慮私有化。

早前市場傳出東尼和卡馬魯丁，計劃與中國光大銀行（China Everbright Bank）聯手將公司私有化，涉及總額或達50億令吉。

馬銀行投銀在週一（28日）的分析報告指出，目前亞航進行私有化的時間點甚為勉強。

亞航在去年12月15日召開股東特大，尋求股東通過回購公司10%股票，亦向市場發出“不是供出售”的訊息。亞航在今年2月公布2015財年末季業績后，以展開首波股票回購。

“回購股票證明管理層對‘不供出售’作出最佳證明。同時，Tune Air在過去12個月未有累積壓亞航股票，而且光大銀行若有累積股票，持股權少于5%並無需向馬證交所報備。”

Type	Announcement
Subject	OTHERS
Description	AIRASIA BERHAD ("AIRASIA" OR "THE COMPANY")- Clarification on Article Appearing in The Edge Malaysia on 28 March 2016
We refer to the query raised by Bursa Malaysia Securities Berhad (“Bursa Securities”) on 28 March 2016 pertaining to an article appearing in The Edge Malaysia two days before entitled “Tune may privatise AirAsia with China Everbright”. On behalf of the Company, the Board of Directors wishes to inform that after making due enquiries with all the Company’s directors, they are not aware of the reason for the article. The Founders and Tune Air also indicated that they are not considering a privatisation at this stage. This announcement is dated 30 March 2016.

APULA

5099    AIRASIA    AIRASIA BHD

First & Final Single Tier Dividend 4 sen single-tier system (T.E.)

Entitlement Details: First and Final Single Tier Dividend of 4 sen per ordinary share of RM0.10 under the single-tier system which is tax exempt in the hands of the shareholders pursuant to paragraph 12B of Schedule 6 of the Income Tax Act, 1967 for the financial year ended 31 December 2015 payable in cash Entitlement Type: First & Final Dividend Entitlement Date and Time: 30/05/2016  04:00 AM Year Ending/Period Ending/Ended Date: 31/12/2015 EX Date: 26/05/2016 To SCANS Date: Payment Date: 29/06/2016 Interest Payment Period:

APULA

明早停牌，將有重大削息公佈。。。。

Type	Announcement
Subject	SUSPENSION OF SECURITIES
Description	AIRASIA BERHAD ("AAB" OR "COMPANY")SUSPENSION OF TRADING
AAB wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has approved the Company’s request of a suspension in the trading of the securities of the Company on the Main Market of Bursa Securities with effect from 9.00 a.m., Friday, 1 April 2016 to 5.00 p.m., Friday, 1 April 2016, pending the release of a material announcement. This announcement is dated 31 March 2016.

icy97

EX-date	26 May 2016
Entitlement date	30 May 2016
Entitlement time	04:00 PM
Entitlement subject	First and Final Dividend
Entitlement description	First and Final Single Tier Dividend of 4 sen per ordinary share of RM0.10 under the single-tier system which is tax exempt in the hands of the shareholders pursuant to paragraph 12B of Schedule 6 of the Income Tax Act, 1967 for the financial year ended 31 December 2015 payable in cash
Period of interest payment	to
Financial Year End	31 Dec 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151
Payment date	29 Jun 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	30 May 2016
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0400
Par Value	Malaysian Ringgit (MYR) 0.100

哭哭鸟

喊了6次，狼终于来了？！ AIRASIA
2016年3月31日星期四
http://yiyezhifu.blogspot.my/2016/03/6-airasia.html

哈哈，
亚航明天停牌一天，
明明懂就算猜对明天也无法买入，
但大家还是猜的很高兴。

既然大家都在猜，
哪里可以漏了我呢

我猜亚航明天的可能性公告：

1）2.20 私有化

昨天刚刚发文稿说没有这回事，如果明天公布真的是私有化的话，大家就要拿爆米花看Bursa会做什么戏了。

2）1.85 全面收购

亚航这个星期的交易量都很大，每天都出现在热门榜的前排，如果东尼趁机收票，以这个星期的量（均价大约1.85吧），把股权买超过33%触动bursa全面收购条例，有机会吗？

3）1.60 全面收购

东尼在场外用一块六的价钱，买了16%的票，让他的股权超过33%，所以东尼必须用至少1.60的价为进行全面收购。

4）亚航投入产业活动

这个是大家最不想看到的公告，如果亚航明天宣布要购买xxx地产公司，然后成立airasia property，然后再来个right issue集资，如果是这样的话，星期一肯定GG了