transaction conducted at level 0.085-0.095 shows good absorption and trading hands,Volume transacted today at 1billion good enough to form a support at 0.085. :) tomorrow will be a fun day as well.
Airasia become along liao, along mesti mau banyak duit.
The group said yesterday that it already received provisional approval from the Housing and Local Government Ministry in mid-November to provide online loans under a community credit licence.
Besides, AirAsia also confirmed that it was exploring opportunities for a local airline presence in IndoChina, as mentioned in its third-quarter earnings press release recently.
AirAsia's long-haul boom hits two stocks with more than 1 billion trading volume Chinapress Wed, Dec 09, 2020 09:10 pm-31 minutes ago
(Kuala Lumpur, 9th) AirAsia (AIRASIA, 5099, main board consumption) hopes to be approved next year, and its business prospects are vigorous, making AirAsia and AirAsia X (AAX, 5238, main board consumption) the focus of investors today. Promoted to the top ten hot stocks list.
AirAsia opened at 90 sen this morning and started trading for one hour. It once reached the highest point of 7.5 sen or 8.5% to 95.5 sen, and ranked among the top ten most popular stocks. After the market closed, the market closed and reported 93.5 sen, an increase of 5.5 sen or 6.25%, but the half-day trading volume was 141.7 million 8600 shares; the market closed at 87.5 sen, down 0.5 sen or 0.57%, and the trading volume was 204,814,900 shares.
AirAsia X is more popular with investors due to its lower share price, becoming the hottest in the Malaysian stock market. The stock started trading at 7 sen this morning, and it soared 5 sen or 71.4% to the highest point in the intraday session of 12 sen in one hour; it fell back when the market was closed, hanging at 10 sen, rising 3 sen or 42.86%, with a trading volume of 923,296,700 share. The market closed up 1.5 sen, or 21.43%, to 8.5 sen, with a trading volume of 1,072.88,200 shares.
AirAsia's financial technology company BigPay loan business has been approved by the Ministry of Housing and Local Government (KPKT) in mid-November, so it can provide online loans under the Community Credit License. The company also hopes to obtain official approval from the Ministry in the first quarter of 2021.
In addition, AirAsia Group Chief Executive Officer Tan Sri Tony Fernandez pointed out yesterday that he is optimistic about the prospects for 2021 and will focus on expanding the business in Southeast Asia.
@victoryong, news statement released at 11am, price still remain steady at 0.115-0.110. price drop was bound to happen after investor manage to get 150-200% gain. what do u expect? aax share price went from 0.035-0.08(130%) (0.08-0.120 50%) profit taking is bound to happen. 0.085 is a good closing point.
another factor for profit taking was pressure from contra players as well, nontheless 0.085 is very good closing, and to be honest i was expecting it to close at 0.075 just now
good game tommorrow,tony fernandes did a media statement, Tony said will recover back to pre-covid condition next year. domestic will recover by february, regional will recover by june.
few highlights from him. 1. China will be the first travelers coming into malaysia :) ** tony said that AA fly the most from china/thailand/indonesia **improve chinese/malaysia tourism.
2. he almost accidentally leaked info regarding the indochina deal :)
3. they have received award from china for covid precautionary. And very recent voted by australia regulator for safest airline[in terms of covid precautionary steps].
4. currrently they are very packed to prepare for the tourism products
5. They will release new function in the airasia app for passenger to upload their vaccination certs.
6. by next month will be using facial recognition for boarding pass :) ****** another hint possibly accidentally leaked that they increase their operation
7. He also highlighted AirAsia will be the first to benefit over short haul flight ( 4hours flight trip) he highlighted phuket, shenzhen, macau ;)
8. they rely on short haul :)and they will be the first to boom
ok congratulation for those who hold and bought on dip 0.085 from 0.120.
9 Airasia will be introducing lower fares fares. they have cut cost, salary reduction, operation cost reduced.
10. Tony even said that due to covid they have received more subsidies
Anyone know today last deal before preclose was RM0.095, why Bursa made the price became RM0.09. Normally the last deal price before preclose is the preclose price, isn't it? These already happen three continuous days.
Apart from that Airasia group gave press statement that they are currently diligently discussing with Tata/indian JV.
Quoted Tan Sri Tony Ferandes ["Whether we should put money to continue in India or to expand in ASEAN, that's a discussion I am having with my partners in India and there will be some announcements one way or the other," Fernandes said.] ========================================
For the moment's conclusion i can say that we will definitely be expecting good news from the discussion.
Today's closing at 0.09 is a bit weird for me. 52 continous @0.095 before pre closing and upon reopening it transact at 0.09.
4pm - 4.45pm heavy buy transaction @0.095.
Today went well and it did not breach the 0.09/0.085 level and today's volume was quite good as well. Based on the daily chart, buying volume are increasing and investors seem be holding on to 0.09-0.095 level.
Tomorrow if we can maintain 0.095-0.10 monday will be marvelous!
AirAsia Sees Record Ticket Sales As Malaysia Opens Up
The first signs that his optimism could be warranted came a few days ago as Malaysia lifted its reinstated partial restrictions. As a result, the airline’s ticket sales soared.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
btuscy
1,134 posts
Posted by btuscy > 2020-12-09 16:59 | Report Abuse
yea, i thought that can maintain 0.085, lol