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have decided to sell all my holdings in airasia due to the following
1) many routes are closed and will take at least 5 years for AA to reopen them, thus return to its former glory
2) stock price was only RM2 in 2019 in its glory days, and we have massive share dilution in recent days, dropped in equity due to losses, and huge debt levels. risk has increased substantially as the price went up.
3) a flare up in new virus cases globally has caused many countries to be in lockdown mode again
that depands on individual risk tolerance and margin goals. vaccination and digital travel pass is in progress. people will need to travel again few years down the road.
This is a market sentiment stock right now. QR will be out soon. With the recent news of acquisition doesnt say much, but you must also look into the global airline industry trend. Tbh if airasia cannot survive, most airlines can survive one.
