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?

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.

别说那么长远先。。。能不能挨过还是个问题。。。

ok.... selling now

really ? can all in?

soon the CHINA PARTY will be reveiled... a party that could help in develop and venture into cloub business which generate 25% of its total revenue

Haha... expected. no surprise.