KLSE (MYR): CAPITALA (5099)
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Last Price
0.76
Today's Change
+0.03 (4.11%)
Day's Change
0.74 - 0.765
Trading Volume
6,158,400
2024-08-09
2024-08-02
2024-08-02
2024-08-01
2024-07-30
williamyong8822
66 posts
Posted by williamyong8822 > 2020-02-03 18:27 | Report Abuse
"To put into a scenario, let's say if [AAGB group CEO Tan Sri] Tony Fernandes is the executive involved and if he is charged by the MACC, then he would have to resign from all positions held, and to sell off his stakes, which directly and indirectly total to about 32%," said the analyst.
If by chance Fernandes is charged by the MACC, it would pose a "very substantial impact" on the share price, the analyst said.
"Today's selloff could be only the first wave, the final wave would be when MACC announces the outcome and it happens to be Fernandes," the analyst added. On top of this, the coronavirus outbreak is seen to be likely weigh on the aviation counter's financial performance.
https://klse.i3investor.com/blogs/kianweiaritcles/2020-02-03-story-h1483019810-AirAsia_selldown_today_could_only_be_first_wave_MACC_outcome_to_determi.jsp