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Bought APFT-WA at 10sen
Bought more APFT-WA at 9.5sen
The Group became the only Authorised Flight Training Organisation (AFTO) licensed by the Department of Civil Aviation (DCA) Malaysia to conduct training for helicopter pilots, which we have identified could potentially contribute significantly to our future revenues and earnings base. The Group has been awarded a contract to train cadet pilots of the Malaysian Fire and RescueDepartment ( "Bomba"). It is currently training two batches of Bomba trainees and the agency has indicated they would continue tosend more students to our academy once the current cohort graduates. Due to the recent closure of ITNS, a helicopter school in Ipoh, we are seeing enquiries from their existing trainee cadet base to transfer to our academy.Increased activity in offshore work in the oil and gas industry in Malaysia provides excellent opportunity for the Group to offer trained pilots for leading providers of helicopter charter services such as Solaire Sdn Bhd, Westar Aviation Services and MHS Aviation Berhad who have reported shortage of pilots for their current operations and are looking to expand their charter services for this sector. To account for this expected increase in this business, the Group has placed orders for two new helicopters, Robinson R44 and R66 from the Robinson Helicopter Company, effectively confirming our commitment to expand the capacity of this business. The helicopters are expected to be delivered by Q2 2013. The Group will also be establishing a new helicopter center in Ipoh, for which we are awaiting approval from Malaysia Airport BerhadSecondly, the Group intends to see through its plans and efforts to expand its revenue and earnings footprint regionally beginningwith India and Indonesia. In India, after an unfortunate year of delays in getting all the necessary approvals to be operational in Hyderabad, it expects to begin operations by Q3 2013. The Group, in partnership with GMR Hyderabad International Airport Ltd, will be operating a flight school there to take advantage of the significant demand and shortage of pilots in India. In Indonesia, theGroup is in advanced discussions with one of the local airline operators to form a joint venture to be the first Malaysian flightacademy operator to set up in that country. Like India, Indonesia is also experiencing significant demand and shortage of pilots andis projected to grow even more in the coming years ahead.Thirdly, given that the Group has been awarded the Air Operator Certificate by the DCA, it is in discussions with some interestedparties to start operating charter services. It hopes to move to advance discussions and will announce when appropriate the fulldetails of this plan.Finally, one of the Group's subsidiary companies, the engineering school APFT Maintenance Training Sdn Bhd has been approved as an accredited training centre by the Human Resource Department and has now started training ground handling courses and the Foundation In Aircraft Maintenance Course. With these five strategic initiatives and developments, the Group is optimistic that the prospects for improvements on the revenues and earnings front in the coming years ahead look promising.
The APFT Group is a dynamic, forward looking and a market driven organisation which strives to transform into an international aviation support, services and systems provider. The Group is currently the leading flight education and training service provider in Malaysia.Whilst flight education and training service in Malaysia is the Group’s principal business, in early 2012, the team at the APFT Group charted new frontiers to redefine the Company; to evolve from a flight school operator into an aviation support, services and systems provider.The Group has made efforts to reduce its dependence in the domestic market and expand abroad. To this end, the Group has expanded into India with a joint venture flight school, GMR Hyderabad International Airport Limited. Subsequently, in May 2012, the Group subscribed 60% of the share capital in Asia Pacific Flight Training Academy Ltd, a joint venture company to operate the first Malaysian brand flying school in India’s Rajiv Ghandi International Airport. The Group’s revenue footprint in India is expected to commence as soon as regulatory approvals has been resolved, which is expected to be received within the FYE 2013. In addition, the Group has also planned revenue expansion into Indonesia and China.In tandem to transforming into an international aviation support, services and systems provider, the Group has also expanded its offerings in its flight training academies to includehelicopter training. In May 2012, the Group signed its first training agreement with the Malaysian Fire & Rescue Department to train helicopter cadets. To further expand its support offerings to the general aviation industry, the Group intends to intensify efforts in 2013 to create new revenue streams in engineering, ground handling and ground crew training from traditional fixed wing and helicopter training.To diversify its income base, the Group intends to expand into the lucrative Maintenance, Repair & Overhaul (MRO) business and to this end, has applied for Part 145 maintenance organisation license from the Department of Civil Aviation, Malaysia, which is expected to beissued in 2013. In June 2012, the Company was duly issued with an Air Operator Certificate by Department of Civil Aviation, Malaysia to operate unscheduled chartered flights. As such, the Group remain positive, cautiously confident as the Company has put in place five(5) key strategic initiatives over 3 years that will see the Company reduce its revenue dependence on the domestic market with regards to fixed-wing training by expanding into the Indonesian, Indian and Chinese markets, expand its flight school operations to includehelicopter training, expand its offering of aviation related training to include engineering, ground handling and ground crew development, embark on the Maintenance, Repair and Overhaul (MRO) business upon receipt of the Part 145 maintenance organisation status by theDepartment of Civil Aviation, Malaysia and leverage on the Company’s recently approved Air Operating License by working with strategic partners.
The Board of Directors of APFT wishes to announce that its wholly-owned subsidiary, Asia Pacific Flight Training Sdn Bhd ("APFTSB") (Company No. 534715-H), has signed a five-year MPL Services Agreement ("the said MPL Services Agreement") today with CAE Inc. ("CAE") on the Multi-crew Pilot License ("MPL") training for AirAsia cadets; the first and only MPL training in Malaysia.Previous batches of AirAsia CAE MPL cadets were trained in Canada. The signing of the said MPL Services Agreement will see APFT working with CAE and AirAsia to train AirAsia future first officers. CAE and AirAsia have decided to transfer their MPL technology to Malaysia and have chosen APFTSB to conduct the basic, core and transition phases of its MPL program.APFTSB operates a flight training academy in Kota Bharu with detachments in Subang, Kuala Terengganu and Ipoh. It was formed six years ago and todate, 600 cadets from various airlines as well as private students have graduated from the flight training academy of APFTSB.On the other hand, CAE is the world’s leading provider of commercial aviation and ab initio training. CAE is a corporation incorporated under the laws of Canada, with a place of business in the City of Saint Laurent, Province of Quebec, Canada.The entering into the said MPL Services Agreement with CAE is not expected to have any material impact on the earnings per share and net assets per share of APFT Group for the financial year ending 31st December 2012. However, the Company expects the said MPL Services Agreement to positively affect its bottomline from the financial year ending 31st December 2013 onwards.None of the directors, major shareholders and/or persons connected with the directors and major shareholders of APFT has any interest, direct or indirect, in the said MPL Services Agreement
bought Kps @1.75
Bought more KPS at 1.70, Puncak at 2.53
Joined the group bought more KPS at 1.71 and puncak at 2.55
wonder if puncak is gonna break 2.50. try try queue & see.so to average down.
market today seems like panic sell... everywhere selling down?
lgwhere got panic selling,more like force selling lo. Panic selling mkt can still go up ah?
IGB REIT apa u buat,hari hari turun 1.27 now
coz all my counters all red! lol
Bought APFT at 37-38sen
Bought more APFT at 35-36sen
Bought KPS 1.69 to 1.73.
Today bought kps at 169
What happen to sunreit ?
DerickMost Reits were under selling pressure past 2-3 weeks.There was a report saying Reits DY is no longer attractive as bonds yield is getting higher. Sunreit share price is most hit( don't know why)
Oic , thanks Teng .
teng is correct as per the report,As interest rate goes up, investor will switch from dividend play to risk-on better gain speculative play
Derick/RemnantWhen report about reit came out,Sunreit was about 1.60. At current level,I think DY become attractive again over M BondsBought some Sunreit at 1.40
awesome . . last minutes taken all 7500 lots at seller price, 1.76 YTL P
TengOne of major shareholder of SunREITs finally reveal what it done on SunREITs: Capital Income Builder, disposing share 3 consecutive day... the worse is EPF also join them instead of buy, it reverse decisison to sell now??
HngSaw that annuncement.Total abut 10 million shares sold from 17-19July.EPF which bought Sunreit from their recent announcement,annunced today they sold Sunreit on July18
SUNREIT.... :(I lost my 1st day trades print out. :(Bought more SUNREIT at 1.40 as well.
Sold off all Kinstel at 32sen
hnggood for you.... kinstel
HngGood profit. It was reported Kinsteel/Perwaja chairman ( Maju Group Owner) may privatise Perwaja
SunREITs short term earning will be drag down by revise downward fixed rental income from Putra world center as the renovation and refurbishment have affect hotel business.
TMS crazy any good news???
Sold Kinstel at 0.31 :-)
big guy buying ytlpower in big volume.will it move to 1.80???
sunreit new 52 wk low.
CheehengBesides loss of income at Putra Worldany other bad news for Sunreit?
teng,none that I know of. EPF and foreign fund Capital Income Builder selling,pushing stock even lower.
Teng,Reits use to be quite safe. Now not sure anymore.
CheeHengOnly some Reits under selling pressure. TowerreitUOAreit,Arreit are ok. Guess Reits with high DY are safe this round
Bought APFT @ 0.355
KPS & Puncak rebound ? Wait and see later ..
I was not able to trade with Malacca Securities since yesterday morning.Today system still not able to take my orderIts server is worse than Maybank and I will go back to Maybank if problem persist todayAnyone facing same problem?
Hi Teng,Mine seems ok.
LGMaybe selective customersTalked to CK 20 minutes ago,his account also can't tradeMplus CS called me,and I think they manually monitor my account.My queue now in the system now
Tenghow come? mine's ok
CheeHengDid you check your order status?When I queued to buy yesterday morning,I thought everything was ok( system accepted my order).When I checked again afternoon,only I realized my order 'declined'. Yesterday afternoon,MS's CS called me,and she told me many customers ( meant NOT ALL) calling them to complain
I had also experienced "network connection error" before. So had to call the CS and manually place the orders.
CheeHengYou are lucky. I was told problem affected selected branches
Teng,My brother also experiencing same problem like yours(order declined)
sold all AWC @265,realized handsome pft.>10%
Anyone game for Puncak-wb?
congrats cheeheng! good call.
cheehengwow... good for you
Buy back if AWC drops to 24 sens. :)
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