Malaysia-based AirAsia gave no reason for the new development other than to say the estimated $100 million deal "has now lapsed as per the terms of the MOU [memorandum of understanding] and will not be extended," according to a stock exchange filing.
see long term la.. a dominant airline company in Asean region where flying is going to be more and more convenient and prevalent mode of transportation in the future... buy n hold for 5-10 years.. airasia at this price is a must have in any KLSE portfolio..
profits up down up down due to various factors but look at the revenue, it's steadily growing... meaning the market and business have been expanding and is expected to continue to grow in years to come..
next few months trade price will maintain at this range and subsequently press down to 3. Next year will start regain momemtum when oil price reach a new normal and currency strengthen.
While this stock is heavily invested by fund managers, they stand two side, one who believe in future prospect of this company while another one who do not see well on challenges facing by AA currently (oil price, currency, trade war)
Two options, either hold on to Q4, or exit and invest in other stocks.
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freddiehero
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Posted by freddiehero > 2018-09-04 08:49 | Report Abuse
weldone..