Tuesday, June 11, 2013

PureGreenTeas.com : Offer the best Japanese Green Tea for everyone....


For any readers on this blog, you can get 10% discount voucher on your order.

Forward your receipt to support@puregreenteas.com with title "Special Situation". We will send you the 10% discount voucher.

Portfolio Update : Reduced position in AIG

11 June 2013 - Sold out 50% of position in AIG to lock profits.

Reason: Expect the federal reserve to raise the interest gradually on coming months.

Monday, June 10, 2013

AirAsia X Berhad - IPO

Details :
Offer/Issue Price : RM1.45
Closing Date : 19 June 2013
Listing Date : 10 July 2013

Company Profile:
AirAsia X is a long-haul, budget airline based in Malaysia. The airline is operated by AirAsia X Sdn. Bhd. (previously known as FlyAsianXpress Sdn. Bhd.). It commenced operations on 2 November 2007. Its first service flew from Kuala Lumpur International Airport, Malaysia, to Gold Coast Airport in Australia. AirAsia X flies to destinations within Asia and Oceania. The airline operates a fleet of 11 aircraft and has placed orders for more.

AirAsia X is the international operation of the brand AirAsia, which is Asia's largest low-cost carrier. The franchise is able to keep costs down by using a common ticketing system, aircraft livery, employee uniforms, and management style.AirAsia X is also affiliated with Virgin Group and Air Canada.

The entrance of two new major investors has given the company financial aid for future expansion plans.
As of 14 February 2008, 48% of AirAsia X is owned by Aero Ventures; a venture of Tony Fernandes and other prominent Malaysians, as well as Air Canada's Robert Milton. Virgin Group own 16% and a further 16% is owned by AirAsia. Bahrain-based Manara Consortium, and Japan-based Orix Corp have taken a 20% stake in AirAsia X for RM250 million.

Foreign funds net sellers of RM523.9m of Malaysian equities

KUALA LUMPUR: Foreign selling on Bursa Malaysia extended into the week ended June 7, which was the second consecutive week, where they were net sellers of RM523.90mil in Malaysian equities, says MIDF Equities Research.