【AIRASIA 5099 交流专区 1】亚洲航空

ThermoFisher

MAS的飞机上有很多身材苗条的美女（她们的制服把她们美妙的线条发挥得淋漓尽至），还有高大威猛的空少，AIR ASIA就差得远了。。。

股友

原帖由 ThermoFisher 于 4-5-2008 11:59 PM 发表
MAS的飞机上有很多身材苗条的美女（她们的制服把她们美妙的线条发挥得淋漓尽至），还有高大威猛的空少，AIR ASIA就差得远了。。。

看到走路夹屁股的要小心。马航是全世界拥有最多这种人的航空公司。

tan81

你。。。你。。。你。。。。

。。。。。。。。。。。










试过了吗？

zienyy

也令我想起当年马航的“X片”，此片威尽航空业，也让大家见识到不但马航空姐的衣服漂亮，而且身材更是“美”的令人“贲血”。

luckystar2008

馬航也提供1000000張免費機票。

Mr.Business

原帖由 股友 于 4-5-2008 10:52 PM 发表
另外Tony 又不务正业了，买了巴生港口的废置建筑物改成高档购物中心。没眼看。

Tony太不务正业了，投资Air Asia的风险越来越大。

ThermoFisher

5 May 2008

Malaysian Airline System

Buy(unchanged)

Seizing opportunities in industry downturn TP: RM6.15

Current Price: RM4.14

􀂃 MAS is offering internet-only, restricted fares to maximize revenue by
appealing to price-sensitive travelers.

&#1048707; As <5% of MAS’ passengers fit the profile, earnings downside should
be minimal, putting MAS on the fronthold as industry indicators slow.

&#1048707; Forecasts unchanged for now. MAS is our preferred airline pick with a
RM6.15 TP (9.5x 2009 PER) based on a slight discount to peers.

Make the Most of Gaining New Business. MAS’ MD and CEO Datuk Seri
Idris Jala previously recounted that the traditional flexibility accorded to fullservice
airlines’ tickets complicated operations and raised operating costs. This
“Everyday Low Fares” drive, effective 5 May, should help condition passengers
for more restrictive conditions in ticketing in exchange for lower fares (i.e. book
by internet at least 30 days in advance and no change in flight details).
Simultaneously, this new move should help MAS reduce distribution costs and
gain new, price-sensitive consumer segments.
Starting a virtuous cycle. The move will help MAS to offer lower fares, whilst
attempting to increase sales via the internet – in much the same way that LCCs
have appealed to price-conscious, time-elastic (for internet searches and offpeak
flying times), internet-savvy consumers.
Earnings will not be cannibalised from this strategic move should be minimal as
95% of MAS’ passengers either do not book via the internet or change their
travel dates within 30 days of their flights. Given the similarity of these
conditions to LCC’s regular offerings, we expect LCCs to bear the brunt of any
market share loss. Thus, MAS’ growth path is intact even as global indicators
slow down.
Our preferred airline pick. We are leaving our forecasts unchanged for now
as we expect any potential gains to be tempered by its competitors’ re-active
response. In addition, MAS’ effective fuel cost for 2008 is >US$100/bbl crude
oil while our forecast is currently US$90/bbl crude oil. Our sensitivity is a
potential RM5.5m impact in our 2008 net profit forecast for every US$1/bbl
difference in crude oil assumption.

Malaysian Airline System - Summary Earnings Table

FYE Dec (RMm)       2005A          2006A           2007A          2008F         2009F
Turnover                    12,325.0      13,378.0       14,974.9      15,693.0     16,597.2
EBITDA                     (1,137.0)        (415.0)           903.0          1,033.0       1,211.4
Pretax Profit              (1,108.4)        (185.2)           841.0          1,004.1       1,182.5
Net Profit Ex.EI         (1,162.8)        (431.9)           830.2              973.0       1,146.0
FD EPS (sen)              (92.8)            (34.5)             46.8               54.8             64.6
FD EPS ex EI Gth (%)                        62.9             235.8             17.2              17.8
FD PE (x)                       (4.5)             (12.0)              8.8                7.5                 6.4
EV/EBITDA (x)              (3.6)             (11.4)              5.6                 6.1                 5.2
Div Yield (%)                   0.6                0.0                 0.6                 0.6                 0.6
Net Gearing (%)           54.3              24.5               Cash              Cash             Cash
ROE (%)                       (71.0)            (22.1)             32.2               26.0               23.8
Book Value (RM)           1.6                1.4                  2.5                 2.7                 3.0
P/BV (x)                          2.6                2.9                  1.7                 1.5                 1.4
Consensus Net Profit (RM m)                                   n.a.              756.0              964.0
Revision (%) - - -

Source: Aseambankers

[ 本帖最后由 ThermoFisher 于 5-5-2008 10:26 AM 编辑 ]

四伯爽

或许，tony要跟随branson的脚步吧
把tune搞成一个多元业务的商业王国...

弹煮

马航的技术图远远比Airasia水的多。

tksdie

对咯，Air Asia的票早已丢到完了

Mr.Business

新闻。

Tuesday May 6, 2008
AirAsia makes it a battle in the skies with its own offer
By WONG SAI WAN

KUALA LUMPUR: AirAsia has countered Malaysia Airline’s Zero Fare campaign claiming that their cheapest air ticket still costs less than the national carrier’s latest product that was launched yesterday.

The budget carrier’s chief executive officer Datuk Tony Fernandes announced that his airline would come out with two new initiatives. They are:

> AirAsia will pay the difference to any of his passengers if they can find any MAS airfare that is lower than the cheapest offered by AirAsia.

> A sub-Zero Fare campaign.

“Just print out the confirmed booking from MAS and I will pay the difference. As for the sub-Zero Fare, which will be launched in the next few days, it will be cheaper than zero,” said Fernandes in an interview.

Reacting to the MAS campaign which was launched by its managing director Datuk Seri Idris Jala yesterday, Fernandes said he was “very flattered” by the full-service carrier’s latest initiative because it was a copy of what AirAsia had been doing.

“This is the10th time that MAS has copied us. I guess imitation is the best form of flattery,” he added.

MAS announced that it has launched a new product that it called Zero Fare whereby domestic travellers need only pay the airport tax and surcharges. Jala also announced that the airline had set aside one million tickets for the travel period between June 10 and Dec 14.

For the domestic offer, the total charge for travel between the peninsula and Sabah and Sarawak is RM122.40. For domestic travel without crossing the South China Sea, the charge will be RM81.45.

The tickets can only be purchased on-line. MAS is expected to expand this offer to Asean routes soon.

The Star front-paged this report yesterday and by mid-day the MAS website (www.malaysiaairlines.com) was reporting heavy traffic.

Fernandes also produced a list of prices to compare the fares offered by AirAsia against MAS' to prove that his was cheaper.

He said that he was sure that consumers would know which airline is making a better offer especially since his AirAsia gives better service.

“We have newer aircraft, better and hot food – although passengers have to buy them on board – better seats which are more spacious and we definitely have better crew.

“We have more frequency to local destinations.

“We have more point-to-point routes; for example one can fly directly from Penang to Kota Kinabalu or Johor Baru to Miri without having to transit at another airport,” said the AirAsia boss.

He also revealed that his airline had started selling hot roti canai on board his planes last month and would introduce chicken rice and satay soon.

http://thestar.com.my/news/story ... 9982&sec=nation

Mr.Business

新闻。

Tuesday May 6, 2008
AirAsia boss: Let us compete against MAS

KUALA LUMPUR: AirAsia has hit out at Malaysia Airlines for competing directly with its business model but at the same time not allowing the budget carrier to compete against the national airline.

AirAsia group chief executive officer Datuk Tony Fernandes said that while he welcomes competition, he urged that his company be allowed to compete against MAS.

“The first thing they should do is to allow us to fly more flights to Singapore instead of asking the Government not to allow us to do so. They should also allow us to stage more flights from different points in Malaysia to Singapore,” said Fernandes.

He was responding to a statement by MAS managing director Datuk Seri Idris Jala who said the national carrier was creating new demand from low fares, just like AirAsia.

He said MAS should work together with AirAsia instead of competing and accused the full service airline of “surrendering” to Singapore Airlines (SIA).

“MAS and AirAsia will go to war and the only beneficiary will be SIA,” said Fernandes.

“AirAsia and AirAsia X are doing more to bring in foreign tourists than MAS. Although we have only a flight a day to Australia (Gold Coast), we are spending A$350,000 in advertising compared to SIA’s A$1.2mil (RM3.6mil). I know MAS is spending a lot less.

“Our two airlines are dedicated to turn KLIA into a major Asian hub again. MAS should join us in this mission,” he added.

http://thestar.com.my/news/story ... 0251&sec=nation

西甲霸王

我还是觉得AIRASIA比MAS行的，但它的股价真的是令我不敢靠近它。大家认为它的合理价是多少？

khokhokho

這一次明顯的可以看，石油價格上升，打擊航空，現在馬航把本地的機票變成free，那亞航肯定會有所影響。

Mr.Business

我个人不想坐Air Asia的飞机，觉得服务不是特别好，样样东西都要钱。

我不难过

原帖由 Mr.Business 于 6-5-2008 10:22 发表
我个人不想坐Air Asia的飞机，觉得服务不是特别好，样样东西都要钱。

空姐空少的质素也不好。

jeffreylim23

原帖由 西甲霸王 于 6-5-2008 10:19 AM 发表
我还是觉得AIRASIA比MAS行的，但它的股价真的是令我不敢靠近它。大家认为它的合理价是多少？

倒了....我还有10LOT 1.53的票....跌进无底洞了....放一两年了..... :@ :@ :@ :@

西甲霸王

但是"EVERYONE CAN FLY"的确让不少人受惠。在AIRASIA出现以前只能享用MAS的昂贵服务。。。。个人觉得MAS也不会好太多啦服务。。。。只是多给一杯饮料和一个饭盒。。。。现在MAS也有FREESEAT，真的有点意外。。。。

khokhokho

原帖由 西甲霸王 于 6-5-2008 10:30 AM 发表
但是"EVERYONE CAN FLY"的确让不少人受惠。在AIRASIA出现以前只能享用MAS的昂贵服务。。。。个人觉得MAS也不会好太多啦服务。。。。只是多给一杯饮料和一个饭盒。。。。现在MAS也有FREESEAT，真的有点意外。。。。

高級航空變成下級航空，亞航的運作圖板被馬航copy來用。

Mr.Business

馬航有政府撑腰，Air Asia跟馬航斗很吃亏。