It is okay to buy Air Asia's IPO????
It is okay to buy Air Asia's IPO????
go for it. the shares will definitely FLY - now anyone can buy it! :D
Kh Ee, sure ah? Can't get my remisier-his line engage *argghh* If it really flies TT on me....:p
hey relax. the ipo offer closes on 27/10/04 & price will be about rm1.40 a share to be determined on 28/10/04. read here http://www.theedgedaily.com/cms/cont...609b0-f30a25ba
so u hv till 27/10 (wed) to submit ur forms.
I know lah but wait too long I dont have that much $$ to pump in already.
Key indications will see that the institutional buying on this IPO will be heavy, and Air Asia has strong fundamentals that pleases analysts. It will no doubt be heavily oversubscribed. Here's the clincher, Tony will be giving it a lot of publicity, a talented PR man that he is, no doubt also influencing the retail chinese investors who are a force to be reckoned with when the share is listed. The ones that miss out on the IPO (heavy oversubscription means a lot will) would want to buy early and demand will give a high premium to those who managed to ontain at IPO. It will continue to go up quick till stabilizing at a certain point, no doubt much higher than actual value. When the frenzy tapers off, expect a correction. When and at how much is anybody's guess. I would urge prudency. The IPO however is a good bet. I built a strong value enhanced portfolios with close to two thirds of held stocks obtained at IPO. It mitigates my more brazen trading.
Err..it boils down to elementary..ahem..cpo is hitting record high..they are now talking about >USD 55/-- per barrel...Orchi dumped every major airlines n shippings shares...ahem...especially MAS...why on earth should Orchi reinvest it on AirAsia IPO? :p
Orchi has a point. Bravo. I think I need to go find out if these airlines have contracted the purchase of fuel to mitigate fluctuations in crude pricing. I know some fuel buyers who lock on to prices in lieu of long term supply in order to stabilise operating cost. Can anybody share that information?
Err...on the contrary...the value of the shares would NOT FLY...except IF you wanna fold it ALL into paperplanes...then you can try to throw it as hard as you can....to see how far it would fly....ahem....think carefully before you get to be a sucker! :rolleyes:Quote:
Originally Posted by KH EE
Since when did any counter in the KLSE ever follow the actual and real economic environments? They are all sentiment driven. The wise man (or woman) was the one who bought 100,000 'lots' of Maybank at RM2.67 after the 1997 crash.
Err...Cindy :) ...might you be one of the men...who made the right choice of investing in those MBB shares back in 1997?....next round of TT session on you..oko? :D
And Orchi, why on earth you must pay CPO at USD 55.00 per barrel? CPO is sold per metric tonne. If I were to tell you that you have got your product wrong, would you buy back all those MAS shares that you have dumped. CPO is Crude Palm Oil. Those oil that your MAS planes are using is known plainly as kerosene which is some kind of an aerofuel refined from the crude oil which is selling at USD 55.00 per barrel.
LOL :D .
You guys don't give an inch.
AirAsia plans to fly to Down Under lar...may get a cheap fare in the future!
Can fly to Perth for AUSD 1.00 perhaps? or Melbourne at AUSD 1.50? hehe..
AirAsia Share pE Valuation at 18 + times. KLSE currently at 15+ times.
AirAsia have had secured oil contracts at below USD 40 for up to second half of next yr way back. Unless the oil persist into second of next yr, it will not affect much on the share.
However, if AirAsia are able to fly to China (Hainan or kunming), then should be good news for their share buyer lar.
Err...guys :) ..Orchi isn't any market analyst..n Orchi may have been miscalculating certain figures here....now tell Orchi one freaking thing...why would AirAsia wanna raise that much capital?....heard they need a big portion of it to pay off 'debts'...n rest isn't gonna be used to improve its assets potfolio(sp?)...n please tell Orchi IF Orchi is wrong also here...AirAsia does NOT even own a freaking Fokker plane..otherthan some fokkers they may have on the list of borrowed equipment...every darn thingy(s) are outsourced!...what others do they have for assets...flight attendants?
Ahem...a clever gentleman in here has put it amply..the main fokker is a PR man...go figure what he is capable of next...when politics are piloting the company...n you got politicians riding on its tail ends. :D