I'm a Dragon!
This is a male Phasmid of the species Diesbachia hellotis. The male as full wings and capable of short flights.
Membrane of the wings are pinkish/reddish with black markings. He flashes his wings as false alarms.
Fairly large Phasmid, highly spiny especially on the thorax.
Females of this species has small false wings. Picture of her can be seen here :
Diesbachia hellotis is a Phasmid from the family of Diapheromeridae.
The males of this genus has full wings whereas the females have much smaller false wings.
Both males and females have spiny thorax.