2016 Mar

Intrinsic factor
Company



External Factor
enviroment

Intrinsic value evalution intrinsic factor

Company
integrity + Company=ROE competency=growth trend= dividend yield=gross margin=PE



External Factor
Environment
Market demand sector trend overall economy business cycle sigal interest rate trend market theme prospect

Using SWOT for analysis

Airsia
OCF  strong
cash money sector
sales up
ROR up trend
managemnt and finace transplant

Q1FY2016customer up trend
China without
Petrol down no more then USD45 per barrel
52% hurged USD59
RM up
Ticket up 20%

lia very hight 2.29 (max is 5)




revenue & expenses guide by xternal factor (IS factor MAS370)
China visa  fee up 200%
Imegrsion effecy low




19sen*4Q=76sen

if let said using 50sen

for normal Air transpot =PE 12

but if we using PE 8

8*50sen =RM4.00



select share is the first step

it's no al about stock picking
but it is step 1 to be a winner


laddering buy/sell strategy

BUY
C%VR (
1)52w log1.28
   52w hi=2.23
2)hi-lo 22.55%
52w low =RM2.23*0.8=1.78
3) PE Avg low about 8.145

PE/EPS =PE/0.166 =8.145 =1.36

4) EY% HIGH
Avg (tracker analysis ready screen) =14.565
ey=eps/p=14.565

Price=RM1.14.

5) NTA per share is the base value for each share price =0.607

1~4 average =1.39


sell

a)52w hi 2.23
b)liho 1.28*1.29%=1.65
c)PE avt hi=1.410
price/eps (0.166)=1.41
d) EY%  LOW =7.625

EPS/P=7.625
PRICE =2.185

Avg sell about 2.10






PE
EY HIGH %
DY%
NTA PER SHARE


SELL
C%VR
PE
EY LOW%
DY%
NTAPS





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