Jensen Lam

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Joined Feb 2019

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anytime drop is good time to accumulate now is to bet against QR, if QR good definitely can break 0.5 in short term. directors and substantial shareholders have been acquiring since beginning of the year and based on last 2 qr, this upcoming qr would most likely be improving also and based on history q3 is normally a good report. all contracts wins year-to-date are expected to contribute positively to KNM’s earnings for the financial years ending Dec 31, 2019 and 2020. armada already past 0.5c knm will follow suit and knm financial health is even better than armada's.
4 years · translate
company keep accumulating and buyback own shares means they think the share price now is undervalued...to me if you enter at the price similar to what the company is buying it would provide you a relatively good margin of safety...upside potential is far greater than downside risk
4 years · translate
Real truth and dont just be blinded by surface numbers:

Revenue increased sharply to RM3.14 billion from RM2.62 billion previously. Strong growth in revenue was driven by an 18 per cent year-on-year (y-o-y) increase in passengers carried to 12.8 million.

Revenue per available seat kilometre (RASK) grew by four per cent to 15.40 sen in Q2, driven by firm demand, with load factor remaining strong at 85 per cent despite a substantial 17 per cent increase in available seat kilometres (ASK).

Ancillary revenue also grew by 39 per cent y-o-y, recorded at RM687 million for the consolidated group, driven by both traditional airline ancillary and non-airline ancillary streams

EBITDA decreased only nine per cent y-o-y to RM473 million in the quarter under review, primarily due to share of prior years’ losses at AirAsia India that was previously not recognised amounting to RM147 million.

It was also due to the additional cost related to building up RedBeat Ventures entities, 105 per cent higher maintenance and overhaul expenses on the back of higher maintenance provisions of approximately RM160 million following a higher number of leased aircraft due to the recent aircraft monetisation exercise, and RM10 million fine from the competition watchdog.
4 years · translate
AIRLINE REVENUE UP 17% TO RM3.0 BILLION
PASSENGERS CARRIED GROWTH OF 18%
RASK GROWTH OF 4%
NON-AIRLINE EBITDA UP 147% TO RM36.2 mil

https://newsroom.airasia.com/news/airasia-group-berhad-second-quarter-2019-financial-results
4 years · translate
https://newsroom.airasia.com/news/2019/8/22/airasia-x-delivers-rm101-billion-revenue-in-2q19

"The Company reported a net cash generated from operating activities of RM268.8 million, a significant increase year-on-year (“YoY) from the previous year’s RM23.5 million. More importantly, AirAsia X Malaysia posted Revenue per Available Seat Kilometre (“RASK”) of 12.03 sen, up by 2% on the back of an increase in average base fare (“ABF”) by 5% in 2Q19 to RM437 from last year’s RM418. On capacity, Available Seat per Kilometre (“ASK”) Capacity declined 6% YoY to 8,442 million and Passenger Load Factor (“PLF”) remained fairly stable at 80% during the quarter. "

Loss is due to depreciation, operation statistics and financials are growing tremendously
4 years · translate
slowly back to rm1 with international recognition now FF will buy maybe?
4 years · translate
breakout of previous resistance of 0.88, rm1 is the next target!! finally lets go
4 years · translate
order book so huge just waiting to explode only if got holding power just wait upside potential bigger than downside risk
4 years · translate
agreed, directors acquired at 0.51 so it is a safe entry now, with huge potential upside and favourable environment due to swine flu, egg prices increase etc. China is the third largest revenue contributor for cck and will be a huge force to be reckon with. TP1 will be 0.56 before heading to 0.63 area
4 years · translate
D&O is prime proxy for the automotive market recovery. To capitalise on the automotive market recovery and its exciting long-term prospects, we recommend taking positions in D&O given its automotive-centric portfolio.

A lot of big players are slowly moving into D&O after the share price has bottomed out the past few months.
4 years · translate
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