Looking at AirAsia Group Berhad 1Q19 Preliminary Operating Statistics, it seem that AA increased significant capacity at the same time increased load factor as well. This is damn very GOOD. Also oil price is much lower than 4Q18.
Most probably market returns to positive with feel good factor due to ECRL, en masses palm oil sale to China, and apology from UBS for its chief investing officers mistake during Bloomberg interview.
All in, foreign and local investors' confidence most likely recovering. Lots of other beaten down stocks have started to recover, and some even rallying already.
Very hard to say why. Maybe everyone is excited about Q1 data, maybe Big Life website is ready for launch, maybe BigPay's remittance and loan features are ready for launch too. Or maybe there's even a few new products coming.
OTHERS AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY") PROPOSED SHARE BUY-BACK AUTHORITY OF UP TO TEN PER CENT (10%) OF THE TOTAL NUMBER OF ISSUED SHARES OF AAGB ("PROPOSED SHARE BUY-BACK")
The Board of Directors of AAGB wishes to announce that the Company will be seeking the approval of its shareholders for the Proposed Share Buy-Back at the forthcoming Annual General Meeting of the Company.
10% share buy back will reduce outstanding shares while market capital still same (valuation). What will happen to share price arr? Really missed to collect more at below 2.50....
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