Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
it is not right to use IPO price to do comparison, it doesn't reflected the current market situation.
Air Asia is fighting for survival, live or death. Not profit or loss. so maybe we shall consider look at cash position to judge.
The impact is definitely higher and likelihood is increasing as long as covid continue, increase difficulty to get fresh cash and etc.
we can use the latest quarter to work up simple calculation on cash position.
Balance of cash (-) latest quarter cash burn.
then ask yourself, how long you think it can sustain (live or death). if company goes into liquidation, shareholders almost get nothing after asset sell off or pay off creditors.
so is IPO price relevant?
one day covid is there. AA sure unable to fly like what their slogan everyone can fly. Don't think the shares price is cheap now, but it can go cheaper n cheaper.