Given supply due to come online, some analysts and market participants said the cut may not be sufficient to end oil's rout. While the announcement of the cuts initially sent prices higher, some of the enthusiasm cooled, on fears that the cut would not absorb new output coming online in the United States that has made it the word's top producer. U.S. oil production <C-OUT-T-EIA>, which has jumped by 2.5 million bpd since early 2016 to a record 11.7 million bpd.
KUALA LUMPUR, Dec 7 — The share price of AirAsia Group Bhd ended the lunch break higher after the budget airline reaffirmed its intention to set up a joint-venture low-cost carrier in Vietnam.
Group Chief Executive Officer Tan Sri Tony Fernandes said yesterday that AirAsia was an Asean airline.
“And, in Asean, Vietnam is one of the last remaining countries with a large population where we (AirAsia) are not in.
“Last year, when we announced this joint venture, we were bullish about Vietnam, and we remain incredibly bullish about serving one of the most dynamic, fastest-growing economies in Asia,” he said in a statement yesterday.
Public Investment Bank has set an “outperform” call on the company with a target price of RM4.14.
At 12.30pm, AirAsia was three sen better at RM3.09 with 4.47 million shares transacted. — Bernama
limkokthye You won’t get below 3 till the 12th ex Then you might be able to pick up @2.4 I think But TF will keep his promise and give bal of sdiv & div year end to keep his share price up
`wonder wat s the expression of opec members when there is no rise of oil price after their cut...think most probably they wont really comply to the cut since no rise of oil price why cut...lol
2019 fed will pause interest rate n may b cut interest rate in 2020..us funds will flow back to emerging market..2019 2020 will welcome a rally in stock market...low oil price will be prevalent...prepare for it...ppl talk about stock crashing....i always know that stock crash will not come when u expect it...u wont get accident when u are always on alert...lol
u know y the fed raise interest rate so fast this few years...becoz if they dun raise...they hav no weapon to cut when the big crash comes...they r preparing for it...so they will cut in 2020 n beyond...pls wait...lol
by that time if u bought aa below 3 ...adding up all the dividend u got..plus u reinvestthose dividend..n when the bulls come ...it will rise to rm 5 n above easily...200% profit..easy get
y i choose AA ...low oil environment in 2019 2020...weak usd in 2019 n 2020...high dividend...big foreign participation stock which will drive up price easily when they come bak...digitisation improving margin greatly...many already eyeing to jump in when it fall to 2.50 n below...i am anxiously waiting...
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Posted by shortinvestor77 > 2018-12-08 15:38 | Report Abuse
https://www.thestar.com.my/business/business-news/2018/12/08/oil-prices-climb-on-opec-led-cuts-but-off-session-highs/