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Adoi for an,airlines operating for 30 years with billions and billions of revenues trading at .69 sen, 30 years later you guys still believe such Con Air line,can you sense something is wrong with the management, do yourself a favour and wake up!!! la.
Sure if you want to debate the technicalities that AirAsia was formed in 1993, but AirAsia wasn't "AirAsia" until 2001, they weren't a low-cost carrier and their business model has been totally revamped since the Acquisition made by Tony & Din.
Why is it RM0.69? If you don't already know, the damage done by covid and their PN17 status are the reasons, the fact that AirAsia is still around and growing and more diversified than ever is a testament to the management team, all of this is done during covid without government aid. This is why the senior management and not just Tony have my respect. I don't think it is right to blame a black swan event like Covid over the management, realistically what can they do when the government shut borders? They still have to maintain their airport slots, pay workers, pay leases etc. It's just that AirAsia wasn't as fortunate as Malaysia Airlines, Singapore Airlines or other US carriers because AirAsia doesn't have a backer like Khazanah, Temasek or the US government to help them weather out covid.
As for why people are buying into Capital A? Simply because people are betting that Capital A will be able to pull off their restructuring plan and get out of PN17.
TLDR, AirAsia/Capital A's senior management have my respect despite given such bad cards to play. There is a reason why he is constantly invited to World Economic Forum and various other forums annually to give talks instead of other CEOs in Malaysia. I believe the best has yet to come, I am holding this counter for long term >5 years at least.
Daniel, well said. The lockdown of 2+ years had not been easy for many business. CapA was at one time before covid trading at RM3. This can happen again but really need time to rebound. The business model works...it's been proven. Even now, their flights are full most of the time. Be fair to the management team and give them 5 years to turn things around.
chill guys, everyone has their investment opinion, maybe berry is here to create a negative vibe to drop the price for him to collect.... haha... happy investing.... i plan to hold until it flies anyways... I am at nav 68 sen hahaha
