Cathay Pacific สายการบินที่ซวย 3 เด้ง /โดย ลงทุนแมน
สายการบิน ธุรกิจหนึ่งที่ต้องรับแรงกระแทกอย่างหนัก
จากการระบาดไปทั่วโลกของโควิด-19
เครื่องบินทั่วโลกเกินกว่า 70% ไม่ได้ขึ้นบิน...
Continue ReadingCathay Pacific. Unlucky Airline 3 Bounce / By Investing Man
One business airline that has to take a heavy impact.
From Covid-19 global outbreak
More than 70 % of global airplanes don't fly
Make many airlines stop paying or stop hiring employees.
Or somewhere heavy to go bankrupt
But did you know that there is an airline that has been through many things before Covid-19 has gone viral?
This airline is called ′′ Cathay Pacific ′′
What story is this airline going through
Investing man will tell you about it.
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Cathay Pacific, known as Hong Kong National Airline.
Cargo (Cargo) has airline and cargo route covered in over 60 countries around the world.
So what's good for this airline?
Cathay Pacific awarded excellent airline from Skytrax ranking to 4 years.
Well in July. Fri 2003, 2005, 2009 and 2014
And also Asia's number 3 cargo (cargo) airline.
Just an Emirates Airlines and Qatar Airways
And Hong Kong is the key point of one world trade.
So it makes Cathay Pacific more important as Hong Kong national airline.
But who would have thought that bad luck would come together until 3 bounce..
Bouncing at 1
Massive protest against the P.O. The school. B.E. Extradition in Hong Kong early June 2019
Make Hong Kong into an unsafe and unattractive area of travelers, businessmen from around the world.
That's not enough
Cathay Pacific is also targeting Hong Kong people.
When the airline fired Hong Kong protests
So that there is a trend of ′′ ban ′′ Cathay Pacific of Hong Kong people.
Make it in 2019
The number of passengers of the airline decreased from the previous year 10 %
Specifically, the flight between Hong Kong and China mainland, the number of passengers decreased by 26 %
And the flight between Hong Kong and North America, the number of passengers decreased by 7.5 %
Bouncing at 2
The trade war between US and China began in June of 2019 as well.
Cause tensions in world trade
Especially Hong Kong which is a major trade center of Asia and the world.
Resulting in revenue from 2019's Air Cargo (Cargo) services reduced by 16 %
Cathay Pacific results after heavy monsoon in half a year.
Year 2018 Cathay Pacific earn 443,400 million Baht. Profit of 11,000 million Baht.
Year 2019 Cathay Pacific earn 427,000 million Baht. Profit of 6,700 million Baht.
And bouncing the 3th more severe than ever
When Covid-19 global outbreak occurred.
Most of the passengers who used to use the service are gone.
Air shipping proceeds go down from the producing chain with problems.
Make Cathay Pacific the original place weak and collapsed heavily.
Finally, when the bad luck 3 bounces together.
Cathay Pacific can't go on
The company must announce the capital increase and negotiate for government to come to aid.
So that Hong Kong government has to inject 120,000 million baht to use to restructure the company.
There are 2 government people going into board management.
I don't know if this will make Cathay Pacific survive this incident.
But all of this makes us see
If we have to encounter unexpected events, aka ′′ Black Swan ′′
A luxurious success in the past couldn't help anything.
Exactly what Cathay Pacific is facing right now
No matter how good we are, we always have a bad chance.
But what you should do is not blame fate.
Lend a hand for the bad luck that happened and slowly solved one by one.
No matter how unlucky we are, we will get through it eventually..
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References
-Cathay Pacific Financial Report 2019
-https://www.cathaypacific.com/
-https://atlas-network.com/cathay-pacific-whacked-by-trade-war-hong-kong-protests/
-https://news.cathaypacific.com/cathay-pacific-group-releases-combined-traffic-figures-for-november-2019
-https://asia.nikkei.com/Business/Transportation/Bailout-of-Hong-Kong-s-Cathay-Pacific-gets-investors-scrutiny
-https://en.wikipedia.org/wiki/Cathay_PacificTranslated
「hong kong airlines financial report」的推薦目錄:
hong kong airlines financial report 在 Mohd Asri Facebook 的最佳貼文
Pelaburan saham adalah perniagaan. Pemilihan syarikat yg betul adalah faktor penting sebelum pelaburan dilakukan. Salah membuat pilihan maka ianya menjadi 'peleburan'. Selamat Melabur!!
[TOP WARNING SIGNALS THIS COMPANY WILL SURELY GO BANKRUPT BY DR. NAZRI KHAN]
Will MAS go into bankruptcy?
Transmile, Kenmark, Megan Media, Ekran, Linear Corp, Scan Associates, Golden Plus, Dis Technology, Welli Multi and of course Renong Berhad. All are distressed public listed companies which have disappeared.
Will Malaysia Airlines join them ? Good question. Maybe and maybe not.
My sixteen years experience shows that companies rarely go into bankruptcy without some warning. The following are the BEST TOP WARNING SIGNALS which will tell us 99% they are going under. Beware & Stay Away.
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Danger Sign No. 1 : Management Scandal. Leaders keep changing.
A serious warning if top guys CEO or CFO take flight suddenly without explanation or give stupid reason such as personal commitement or personal health reason.
Danger Sign No. 2 : A History of Financial Restatements or Late Filings.
Late financial reporting and accounting restatements normally are associated with bad management integity. This was especially characteristic of companies engaging in complex accounting to sweep losses under the rugs and hide liabilities just to drive stock prices higher.
Danger Sign No. 3 : Faster Growth in Accounts Receivable With Flat Growth of Sales.
Faster growth of receivables than growth of sales. The balance sheet is full of rubbish sales with no cash to accrue. Bad companies have serious bad debts, rising receivables and credit downgrade.
Danger Sign No. 4 : Mysterious Growth In Inventories.
Unexpected bumps in inventories relative to sales. Growing inventories could signal a weak customer base, or worse, that the company use suspicious creative accounting to boost value of inventories to offset declining sales.
Danger Sign No. 5 : Mysteriously Bad Cash Flow With Strong Profits And Sales.
Cash flows is the most transparent and is extremely difficult for management to abuse. Bad cash flow normally suggest complex liquidity and smells trouble for the company. If net income is increasing at a faster clip than cash flow, beware. If earnings are rising year to year and cash flow is not, danger! Either way, something’s not right.
Danger Sign No. 6 : Frequent Change Bank Lender And Swim With Loan Sharks.
A company's relationship with its bank and any changes therein is also a useful financial signal. Reduced availability on a company credit line or a frequent change in borrowing patterns may be indicative of financial problems. Increase in loan security and unsecured loan from no-brand-lender are clear evidence of deterioration in the financial health of a business. Finally, the breaching of loan covenants or missed loan payments are clear warning signs that the company requires help.
Danger Sign No. 7 : Three Years Combo Of Sustain Operational Losses And Decline In Sales.
A sustained decline in sales, poor profit margins, losses, increased debt, a highly leveraged balance sheet and negative working capital over twelve straight quarters may be the best cancer signals of a serious financial distress.
Danger Sign No 8 : A Series Of Bad Lucks In A Row
Companies face so many highly improbabale one-time events back-to-back such as a warranty claim, the cancellation of a large order, a huge union strike, an adhoc special operational audit, a sudden uninsured fire or theft, a sudden departure of supplier or a serious change in supplier payments. A failure to explain this event may be some creative accounting management is using to cover operational losses.
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Hall Of Fame :
1. Transmile Group Berhad
Recorded a net loss of RM369.56 million and overstated its consolidated revenues by RM 530 million in 2005 after a special audit was conducted.
2. Kenmark Industrial Berhad
Fail to issue the fourth-quarter results 2010 for three months. Operations stopped while two banks demanded RM73 million. Became a PN17 company and shares tumbled 80 per cent.
3. Megan Media Holdings Berhad
Posted a mind-boggling net loss of RM1.14 billion for the fourth quarter ended April 30, 2007. Investigated by the Securities Commission, and found to have defaulted RM893.97mil in maturing banking facilities.
4. Ekran Berhad
Magnificent rise in 1990s corporate Malaysia but only to hit a peak months after it had been awarded the contract for the multi-billion ringgit Bakun hydroelectric dam project. Defaulted loan payments and was categorised as a PN1 and PN17 company for at least four years before delisted from Bursa Malaysia.
5. Linear Corp Berhad
A cooling systems company that has landed itself into a PN17 company after being investigated by Bursa Malaysia and the Securities Commission over its troubled RM1.6bil King Dome project in Manjung, Perak.
6. SCAN Associates Berhad
The board of directors lodged a police report and then dismissed CEO following an alleged misappropriation of near RM2 million funds.
7. Golden Plus Holdings Berhad
Failed to submit its audited accounts and annual report for 2007 and its quarterly report for the period ended March 2008 before being reprimanded by SC.
8. DIS Technology Holdings Berhad
Found to misstate several quarterly reports due to an alleged employee fraud worth RM80 mil reported by a major customer based in Hong Kong.
9. WELLI Multi Corp Berhad
Managing director were convicted for furnishing the Securities Commission with misleading fictitious sales information of RM141 million in its audited 2005 financial statement.
10. Renong Berhad
The deal involving United Engineers (M) Bhd’s (UEM) mysterious put option with a total cost of RM2.34bil from an unknown sellers which later expired with no settlement. The CEO later resigned from the group in October 2001 and later sues government for a sour business deal.
My dedication to all investors of these companies. Hope we learn something.
- DR. MOHD NAZRI KHAN