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AirAsia the worst is over?

Nott_Invest
Publish date: Sun, 10 Oct 2021, 11:28 AM
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Nott Invest Analyses
Following Message

AIRASIA

Sector: Consumer Products & Services (Travel, Leisure & Hospitality)

Analyzed on 10/10/2021

Moving with the news – this summarizes AirAsia’s recent price movement.

Although AirAsia continues to report losses in Q2’2021, its share price did not drop tremendously as the losses is expected by the market. Following shortly, the news of Langkawi Travel bubble and tourism, interstate travel to be reopened when 90% of Malaysian adults are vaccinated have propelled the share price to end the week at RM1.19 on last Friday. At the current price, AirAsia is trading near its 6 months high, fuelled by optimism of tourism recovery. No doubt, the worst seems to be over for AirAsia who have the resiliency to brave through the pandemic lockdown. Technical wise, AirAsia is now far away from its EMA25/50, hence we anticipate the share price to retrace to its EMA25/50 to find support, before rallying higher.

Reason to monitor: Tourism reopen

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Discussions
Be the first to like this. Showing 3 of 3 comments

TUrBo3

Good news for investors

2021-10-12 00:32

khyeap

Meant for trading. Airasia needs cash due to heavy losses for the last 2.years. Most likely a big push before the rights issue. Then it will average down.

2021-10-12 19:22

Ronal56

Here's a suggestion. Instead of writing an article how well Air Asia is doing or not doing why don't you write an article on how they have cheated and defrauded customers out of their hard-earned money. Canceling flights and then not returning the customer's money. They look for any excuse to cancel the flight. It is easy that way. You don't have to fly pilots or the flight crew. The ground crew doesn't have to do anything to get the aircraft off the ground or land. You don't have to use ticket agents or baggage claim because there is no flight. Then when they cancel the flight they never give you a refund. I have been 2 years trying to get a refund for flights they canceled. I took a picture of their policy at the time. One of the options was to get a full refund to the exact form of payment used to buy the tickets. There is no customer service for airasia. It's a silly bot. You go round and round and you never get anywhere. They all say that I am do a refund but I never get it. I am just but one of the many thousands of people they have defrauded and cheated out of their hard-earned money. In any language around the globe that is considered theft. Why don't you do an article on that?

2021-10-13 05:07

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