Health Minister Khairy Jamaluddin was reported saying the Prime Minister was expected to announce the date for reopening the country's borders soon.He said the Cabinet reached an agreement on the reopening of borders at its meeting on Friday (March 4).
Airline business cannot survive during troubling time. The whole world is going through a chaotic period from 2020 to 2035. WW3 is unavoidable and it may happen at the end of this decade. Covid-19 the starter, continued by Russia-Ukraine war. The future is going through a dark tunnel.
1) There is a saying "Buy on rumours, sell on news". Actually this open border thing government already talk for few days. So high chance it is already priced in. Everyone already expect it will open anyway.
2) AirAsia will not get much benefits because most interstate flight already started for few months. International flight wont have high volume in this moment. And it will result in more loss. Long distance international flight revenue are park under AAX and not this capital A.
4) their ehailing and food delivery business will continue to burn more money. Although in quarter report we see profit under superapp category, if u look closely, you can see that in previous quarter it is already in profit zone. Revenue up but operation cost also up a lot. I predict in next 2-3 quarter it will be in net lost. Even Grab can lose so much money even though they have the biggest market share. AA ehailing and food delivery is non existent at this moment. Mostly still grab fighting foodpanda and shopee food. It will gonna cost AA a lot to give out incentive to driver and customers.
5) never touch a PN17 company. Once the due date is up. It will delist. Although price now 60sen. When near the due date u will see it crash until your mother dont recognise you.
Remember last time oil at 70-80usd, AA make losses and Tony blame it on oil price, then they do a hedging to fix the price but result in a huge loss. Now oil is so expensive, there is no chance AA can make profit. I really hope no investors will get trapped by this counter anymore. Personally I know a lot of people hold this counter and trapped at very high price. Please don't repeat their mistake. Bursa has better stocks to buy than this.
Airline stocks slump as jet fuel surge overshadows travel rebound PUBLISHED MON, MAR 7 20229:05 AM ESTUPDATED MON, MAR 7 20224:28 PM EST Leslie Josephs @LESLIEJOSEPHS
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