I know that Airasia was a revolution in addressing the high cost in travelling. I also remember how, the then Minister of Transport was pointing towards international routes subsidizing local routes for MAS, until Airasia came. Now, the high costs in health is a much much more important issue which we need to address. Airasia may have been faulted for adding other costs to its airline tickets which I am feeling a little bit annoyed on, but you have helped to create a new type of service and more competition.
I am not so sure, how this idea will be attempted but, yes healthcare is too expensive and many practitioners are too greedy, unethical to only focus on profits.
http://www.themalaysianinsider.com/business/article/tony-francis-dreams-of-hospitalasia
Go for it, compete hard against the likes of IHH, Sime Darby, KPJ. I would love to see how this group can lead the way. Compete the hell out of these guys!
Thursday, October 24, 2013
Friday, October 18, 2013
Rebalancing portfolio
I have realised that over the past few months, DKSH has now comprised of more than 30% of the portfolio. As I am not going to pump in more cash into the fund, I have decided to sell 2000 units of DKSH and buy an additional 7500 units of Keuro.
If the proposal from Keuro maintains, 16,000 units of the shares in total will cause me to allocate some additional RM13k for the subscription of the rights - price not fixed yet. Yes, I am going to subscribe for the Keuro's rights as I am anticipating that it will be offered quite soon.
Over the last 2 months, Keuro has changed hands and Chan Ah Chye is no longer the substantial shareholder of the company he founded. Through that, Talam Transform is under a different control as well, in case some might not know.
Keuro now, has 2 major shareholders in the name of IJM and MWE - both equally around 25%. There are also some large shareholders whom are holding through foreign entities which we do not know. Keuro is a company which will need to raise funds to support its WCE project. As mentioned in my past articles, buying Keuro is a risk as it does not have much of a revenue and profit track record over the last few years as well as in the near future, except for the Rimbayu project.
I am betting that at its market cap of around RM720 million, it should be worth much more upon the completion of West Coast Expressway (WCE). All in all, this is a stock for the long haul and will be very dependent on WCE.
If the proposal from Keuro maintains, 16,000 units of the shares in total will cause me to allocate some additional RM13k for the subscription of the rights - price not fixed yet. Yes, I am going to subscribe for the Keuro's rights as I am anticipating that it will be offered quite soon.
Over the last 2 months, Keuro has changed hands and Chan Ah Chye is no longer the substantial shareholder of the company he founded. Through that, Talam Transform is under a different control as well, in case some might not know.
Keuro now, has 2 major shareholders in the name of IJM and MWE - both equally around 25%. There are also some large shareholders whom are holding through foreign entities which we do not know. Keuro is a company which will need to raise funds to support its WCE project. As mentioned in my past articles, buying Keuro is a risk as it does not have much of a revenue and profit track record over the last few years as well as in the near future, except for the Rimbayu project.
I am betting that at its market cap of around RM720 million, it should be worth much more upon the completion of West Coast Expressway (WCE). All in all, this is a stock for the long haul and will be very dependent on WCE.
Tuesday, October 8, 2013
Anything fishy here?
Sometimes you can be afraid if there is an abrupt change in auditors. And in this case it is really sudden given the circumstance as reported. And the guy who has nominated for the new auditor has been selling in large quantities.
Friday, September 27, 2013
Why Malaysia Airport will be fantastic
You think that the airport business is an old, lazy, uninteresting business. Not so in Asia and especially Malaysia. The competition among airlines (not airports) I guess has caused traffic to increase by leaps and bounds to the Malaysian airports.
Some statistics just as reported today.
And the commentary from the company itself:
"Malaysia Airports handled 7.27 million passenger movements, an increase of 27.8% over August 2012. It is a record high for the system of airports surpassing the 7million mark for the first time and being the highest passenger movements achieved for a month to date. Before 2013, the previous highest record achieved was 6.57 million recorded in December 2012 which traditionally has been the highest passenger movements month. Encouragingly May, June and August 2013 also outperformed December 2012. International passengers reached 3.45 million, registering a 25.1% year-on-year increase while domestic passengers recorded 30.4% growth with 3.82 million passengers. The sound performance in particular for the domestic sector was unexpected as Hari Raya Festive Season also fell on the same month last year with a double digit growth of 13.1%. This is a double digit growth over the previous double digit growth in August 2012. The longer school holidays complemented by competitive air fares and sufficient seat capacity partly contributed to the remarkable growth. It is encouraging to note that the international sector’s equal credible growth was driven by inbound tourists that have gained momentum backed by tourism campaign for VMY 2014, new airlines operation, additional airlines’ seat capacity and oneworld effect. With the oneworld alliance and higher transfers within AirAsia group, the monthly transfer traffic at KL International Airport has increased by about 100,000 per month and it is increasing from month to month."
Like I have said before, while the airlines are fighting themselves out - Malaysia Airport is enjoying. A simple business - in fact a monopoly if you look at it. Nothing difficult, but sometimes in life we just have to accept and get on with it as I do not like monopolies either. How hard it is to clean the airport toilet, manage air-traffic, mop and polish the floors, manage some tenants.
The harder part is to compete for customers but this is apparently not the job of Malaysia Airport but Airasia, Malindo, Cathay Pacific etc. Of course, Malaysia Airport does pretty well in bringing in additional airlines but that is still easier as compared to what the airlines have to compete on.
Some statistics just as reported today.
And the commentary from the company itself:
"Malaysia Airports handled 7.27 million passenger movements, an increase of 27.8% over August 2012. It is a record high for the system of airports surpassing the 7million mark for the first time and being the highest passenger movements achieved for a month to date. Before 2013, the previous highest record achieved was 6.57 million recorded in December 2012 which traditionally has been the highest passenger movements month. Encouragingly May, June and August 2013 also outperformed December 2012. International passengers reached 3.45 million, registering a 25.1% year-on-year increase while domestic passengers recorded 30.4% growth with 3.82 million passengers. The sound performance in particular for the domestic sector was unexpected as Hari Raya Festive Season also fell on the same month last year with a double digit growth of 13.1%. This is a double digit growth over the previous double digit growth in August 2012. The longer school holidays complemented by competitive air fares and sufficient seat capacity partly contributed to the remarkable growth. It is encouraging to note that the international sector’s equal credible growth was driven by inbound tourists that have gained momentum backed by tourism campaign for VMY 2014, new airlines operation, additional airlines’ seat capacity and oneworld effect. With the oneworld alliance and higher transfers within AirAsia group, the monthly transfer traffic at KL International Airport has increased by about 100,000 per month and it is increasing from month to month."
Like I have said before, while the airlines are fighting themselves out - Malaysia Airport is enjoying. A simple business - in fact a monopoly if you look at it. Nothing difficult, but sometimes in life we just have to accept and get on with it as I do not like monopolies either. How hard it is to clean the airport toilet, manage air-traffic, mop and polish the floors, manage some tenants.
The harder part is to compete for customers but this is apparently not the job of Malaysia Airport but Airasia, Malindo, Cathay Pacific etc. Of course, Malaysia Airport does pretty well in bringing in additional airlines but that is still easier as compared to what the airlines have to compete on.
Monday, September 23, 2013
Why have I not been blogging?
Every time, I have to learn something new, it excites me - however, in the last 1 month I obviously have to learn fast on something I do not know and it is now part of my job. I have to focus on something else which is not stocks although it allows me to follow up on some companies which I have not been following most of the time.
Anyway, over that period, the market have been very volatile - CI dropping to almost 1700 and now it is hovering around 1800 points. Over that last one month as well, I have been travelling locally, and I have been trying on all the local flight operators - Airasia, Malindo, MAS, Firefly. The only one which I have not taken is probably Berjaya Air. That experience caused me to probably now change some of my perception over how I perceived Airasia to be. It is facing some really tough competition as some other players are really trying hard. Malindo for example - the one flying off from KLIA has a whole new fleet of new planes and nicer too. Prices are now much much more competitive - to the benefit of consumers and now we have the choice of better facilities provided in an airplane as compared to the one provided by Airasia.
For a while as a Malaysian, I am really spoilt for choice as I can decide to either stop at Subang (Firefly, Malindo) or KLIA (Malindo, MAS) or Airasia through LCCT and they are really affordable. The only other thing which I faced though is that MAS' flight was late 3 out of 4 times. I guess somethings may never change.All these will augur well for Malaysia Airport.
On other stuffs, results from many of my portfolio seems to be decent. I felt that DKSH, NTPM, Padini, Jobstreet seems to be doing well except for Parkson. Frankly, at this point of time, I am very comfortable with the list of companies in the portfolio - which is also why I have not been posting much. Ya, running out of stocks for the moment. The good thing for me is that the ones which I have been buying and following have not performed that well in terms of price - i.e. Padini and Keuro. Does that mean locking up more of those?
Anyway, over that period, the market have been very volatile - CI dropping to almost 1700 and now it is hovering around 1800 points. Over that last one month as well, I have been travelling locally, and I have been trying on all the local flight operators - Airasia, Malindo, MAS, Firefly. The only one which I have not taken is probably Berjaya Air. That experience caused me to probably now change some of my perception over how I perceived Airasia to be. It is facing some really tough competition as some other players are really trying hard. Malindo for example - the one flying off from KLIA has a whole new fleet of new planes and nicer too. Prices are now much much more competitive - to the benefit of consumers and now we have the choice of better facilities provided in an airplane as compared to the one provided by Airasia.
For a while as a Malaysian, I am really spoilt for choice as I can decide to either stop at Subang (Firefly, Malindo) or KLIA (Malindo, MAS) or Airasia through LCCT and they are really affordable. The only other thing which I faced though is that MAS' flight was late 3 out of 4 times. I guess somethings may never change.All these will augur well for Malaysia Airport.
On other stuffs, results from many of my portfolio seems to be decent. I felt that DKSH, NTPM, Padini, Jobstreet seems to be doing well except for Parkson. Frankly, at this point of time, I am very comfortable with the list of companies in the portfolio - which is also why I have not been posting much. Ya, running out of stocks for the moment. The good thing for me is that the ones which I have been buying and following have not performed that well in terms of price - i.e. Padini and Keuro. Does that mean locking up more of those?
Subscribe to:
Posts (Atom)