I am also keeping my 20% cash. I am buying the stock not because of EPF. However EPF is not trader. They are investor, in a very safe way investor. Undeniable that EPF has more source on each company detail they invest. EPF can go by decade, which we cannot. So their major invest on stock like public bank will give EPF fruitful income evey year in dividend.

As for AirAsia. I am seeing them to grow to more bigger giant company in 2~3 years time. AirAsia almost monopoly airline in Malaysia and it is a efficient, cost control company and is expanding to side business other than airline. I could be wrong but if I have 80% in confident in AA, I will invest in it.

I'm not totally agree with @Tay Tze Sen on statement claims that AA monopolized airline in Malaysia. If you really look into the low cost airline, you will definitely see SCOOT and JetStar gaining market share in recent year. Indeed AA covered almost all the route in Malaysia, but out there in ASEAN market, it is a tough competitive market.

Scoot & Jetstar had gain market share in Malaysia ?You are getting wrong info, Liew. But no doubt, at ASEAN country, there are many low cost carrier such as indigo in India and lion air in indonesia, which making it a competitive market though. But AA is only making some unique route which has high demand and not the same route as provide by other LCC. Lion air last year has load factor of 78% only.