Here's A Nice Stock 'Tip' From OSK

Posted earlier: Stock Quiz


Here's the answer: AirAsia!


That's the stock! The one that I like so much. :D


Let's see...

2nd December 2008, on the Edge Financial Daily

• 02-12-2008:- AirAsia suffers record drop on 3Q loss
  by Chan Tien Hin
  
  KUALA LUMPUR: AirAsia Bhd, Southeast Asia’s biggest discount carrier, posted a record decline in Kuala Lumpur trading after reporting its first loss since going public in 2004.
  
  The carrier slid as much as 14 sen, or 12%, to close at 98 sen, the second-worst performance on the benchmark Composite Index. It closed 13.5 sen lower at 97.5 sen with a total of more than 12 million shares traded.
  
  AirAsia lost money on trades held by the bankrupt Lehman Brothers Holdings Inc and on wrong-way bets on oil prices. Chief executive officer Datuk Seri Tony Fernandes also faces slowing travel demand at the airline’s Thailand hub, which has been paralysed by a week-long anti-government protest.
  
  “It’s a sell,” Christopher Eng, an analyst at OSK Research, said in a report yesterday. “We are concerned about its longer-term prospects as its associates continue to bleed and AirAsia reaches saturation point.” .....

Here's the snapshop of the report.

Few days later, 9th December 2008. Note the change of analyst. AirAsia is still a SELL with a target of 67 sen.

Next report is something that I don't understand. I must be flawed as usual but for me it was like a I-dunno-how-what-where-why kind of thingee.

It's now NEUTRAL with a target price of 0.93!!!!

Here's the explanation..


Huh?

I don't really understand. Doesn't reiterate means to say again? Well OSK last call on AirAsia was a SELL with a target price of 67 sen. Suddenly it's a REITERATE NEUTRAL call with a much higher target price of 0.93 sen! Did I miss out a report in between?

Hmmmm.... never mind. I must be flawed.

Then came AirAsia massive losses in February and OSK maintains their call at Neutral with a price target of 0.93 sen.


Three months later, AirAsia announces its next quarterly earnings.


OSK calls AirAsia "Success Of The Low Class Model"!


WOW!


6 months ago in December it was a SELL with a target price of 67 sen.


3 months ago OSK was talking about spring cleaning and being NEUTRAL in the stock with a target price of 0.93 sen.

NOW it's a BUY, BUY, BUY with a target price of 1.75.

On the Edge Financial Daily today, there's yet another article OSK Research reiterates buy call on AirAsia

So good ah?

Everyone now can fly?

How now my dearest MooMooCow?

You want or not?

And you do know very, very well that I cannot guarantee if you can lose money here.