AirAsia‘s revenue remained unchanged at RM1.3 billion for 1Q15 but net profit gained 6.8 percent to RM149.3 million, boosted by growth in passenger volume.
Together with the stress-tested AirAsia business model, Thai AirAsia was able to record another quarter of strong performance after a couple of challenging quarters, proving that Thailand was a robust market that could overcome any given situation.
The positive outlook on this year is dependent on fuel price and currency exchange, but strategies in place to grow cash further are showing.
Significance: AirAsia’s focus this year is turning around Indonesia AirAsia (IAA) and Philippines AirAsia (PAA) with the recovery of debt from the two associates. AirAsia plans to list IAA in 2017, followed by PAA in 2018.
Eco World Plans RM8 Billion Township
Eco World Development Group is planning a second township with a gross development value (GDV) of RM8 billion in Kota Kemuning.
The project, named Eco Sanctuary, will be a 308.7 acre leasehold project with an “eco” concept, with its first launch slated for next month.
The launch of Phase 1 will comprise two parcels of land that include semi-detached units, zero-lot bungalow, bungalows and terraced villas.
Significance: EcoWorld is currently involved in 15 projects, having about 5,245 acres of landbank and a total GDV of RM65 billion. EcoWorld has also expanded to the United Kingdom and Australia with several developments in London and Sydney lined up for launch in 2015.
IHH Healthcare Net Profit Gains 7.8 Percent
IHH Healthcare registered a 7.8 percent gain in net profit for 1Q15 to RM171.5 million, driven by growth in existing operations and the start of Turkish Acibadem Atakent Hospital and Pantai Hospital Manjung that saw higher inpatient admissions.
Revenue for 1Q15 climbed 14 percent to RM2 billion, with the stronger Singapore dollar helping to offset the translational loss of a weak lira to ringgit, which initially lowered the group revenue and earnings.
IHH also recognised a RM116.4 million loss in exchange from the translation in Acibadem Holdings’ non-Lira borrowings in the quarter.
Significance: IHH expects cost pressures from wage inflation given the increased competition for trained healthcare personnel. However, IHH’s recent purchase of India’s Continental Hospitals is expected to add to the group’s revenue from 2Q15 onwards.
http://www.sharesinv.com/articles/2015/05/29/airasia-eco-world-ihh-healthcare/
