العربيه للطيران

130 thoughts on “العربيه للطيران”

1. كالعادة المحللين مثل الهم على القلب في الصعود

   وفي الهبوط كلهم انفزبل

   ههههههههههههههههه

2. فالكم طيب اخواني …. السهم حفلته من بااااجر ….

   اهم النقاط الفنية

   مقاوميتن متتاليتين يجب على السهم اختراقها بجلسة الغد 1.03 -1.05 درهم وبعدها ذاهبون إلى
   الهدف الأول 1.11 درهم
   الهدف الثاني 1.18درهم طبعا هناك اهداف اخرى لكن افضل الالتزلم بهذه الاهداف لحين التأكد من صحة مسار السهم الهدفين الاخرين لنموذج فني والاخر لنسب فيبوناتشي سنضعه في الوقت المناسب ….

   الدعم الاهم للسهم الآن هو 95 فلسا قاع القناه الصاعده الناشئ . وهي بمثابة وقف خساره .

   موفقين بإذن الله تعالى

   الحفلة بدأت اخواني تجميع قوي على السهم نهاية التداول مرشح غدا الافتتاح على فجوه لا بأس بها واتمنى أن تكون فوق 1.05 درهم ليتحرر السهم .

   سامحونا على التأخير بوشهاب هذه حلاوتك باااجر ان كنت في السهم وإن لم تكن فخلك على اسمنت راس الخيمه

3. The rally in energy prices over the first 6 months of FY08 (avg. USD98/
   barrel during FY08 vs. USD70/barrel in FY07) continued to pressure Air Arabia’s
   operating margins with the GPM declining ca. 560 bps over the associated
   period. Despite a difficult operating environment the company continued
   to execute its expansion plans, reflective in a 61% increase in the top
   line for FY08, culminating at AED2.1 billion vs. AED1.3 billion registered in
   the comparable period of the previous year. The airline recorded a net profit
   of AED510 million (NPM 25% in FY08 vs. 29% in FY07) and its BOD recommended
   a 10% cash dividend (AED466 million) which results in a dividend
   yield of 10.5%. Overall, we believe Air Arabia’s financial position remains
   robust as cash (AED1.8 billion) and AFS investments (AED1.5 billion of
   which ca. 50% is estimated to be in bonds) together accounted for 56% of
   the airlines year end assets with no material long term liability.
   Since our last update on Air Arabia dated October 19, 2008, the company’s
   destinations and fleet have both grown with FY08 reporting 44 destinations
   and a fleet size of 16 planes (3 purchased and 13 on lease) vs. 37 and 11 in
   FY07. Based on management guidance, we now expect Air Arabia to begin
   taking delivery of its 44 plane order effective FY10 as against FY12 assumed
   earlier, with the new planes to be used for the expansion in Morocco (2nd
   base) which is expected to begin operations from May this year. Management
   has also revealed that an official announcement regarding the establishment
   of a 3rd base in the MENA region is expected to be made within the
   same month and its respective operations to commence 6 months thereafter.
   Based on our revised number of planes (21), avg. ticket prices (AED607)
   and load factors (75%) expected during FY09, we are estimating year end
   revenues of AED2.4 billion for FY09 (16% y-o-y growth). We are further
   expecting the GPM to register 28%, (vs. 21% in FY08), as fuel costs decline
   to 29% of revenues, offset in part by our outlook on an estimated 8% decrease
   in Sharjah ticket prices for the year. Over the medium term, our
   forecasted improvement in gross margins (31% in FY11) proves a direct
   function of our estimates relating to increasing ticket prices and higher load
   factors in tandem with higher oil price assumptions, which come in at
   USD61/barrel and USD78/barrel for FY10 and FY11, respectively.
   Our revised valuation on Air Arabia has yielded a DCF fair value of AED1.59/
   share, down 40% from our previous target price. With the share currently
   trading at AED0.95 per share, our fair value target provides investors with
   an 67% upside potential. We accordingly reassert our Strong Buy recommendation.
   Fiscal Year 2007a 2008a 2009f 2010f 2011f
   Revenues 1,283.4 2,065.8 2,397.1 3,331.8 4,359.4
   Growth 71.3% 61.0% 16.0% 39.0% 30.8%
   EBITDA Margin 18.7% 15.8% 23.3% 24.5% 27.4%
   NPAUI 376.0 509.7 617.6 791.8 922.7
   Net Income 376.0 509.7 617.6 791.8 922.7
   EPS (AED) 0.08 0.11 0.13 0.17 0.20
   EPS Growth 271.7% 35.6% 21.2% 28.2% 16.5%
   DPS (AED) 0.00 0.10 0.03 0.04 0.05
   P/E (x) 11.8 8.7 7.2 5.6 4.8
   Dividend Yield 0.0% 10.5% 3.5% 4.5% 5.2%
   P/BV (x) 0.9 0.9 0.8 0.7 0.7

4. و الراي إخوان ؟؟؟؟

   هل بعد اللمت اب اليوم إرتفاع

   ولا بينزل مرة ثانية؟؟

5. كالعادة المحللين مثل الهم على القلب في الصعود

   وفي الهبوط كلهم انفزبل

   المشكلة عند الصعود يظهر بعض الناس و يقولون إشترينا و إشترينا و يلومونك

   و عند الإنخراط يقولون بعنا
   و يبداون يسألون كم اللمت داون ؟؟؟؟

   الله يسامحهم

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