AIRASIA BERHAD

AirAsia Bhd has fallen to the support price of RM2.20 for the 3rd time on Friday. Is it a good time to collect?

By looking at the technical analysis, it looks like a good time to buy by touching the strong support price level.

On the other hand by looking at the fundamental point of view, I'm fully supporting Air Asia even it's recent numbers are dropping significantly. But people still travel, and the number of people will also increasing as AirAsia makes the travel so affordable just like taking a cab or train right now.

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Interview with CEO of AirAsia

There was an interview from CNBC with Tony Fernandes on past Friday regarding the current issues and the future of AirAsia and AirAsia X. It supposed to involve QPR but somehow He did not mention anything about it.

The interview is very short, just a few minutes interview. He talks quite fast and I don't really get all his conversation, but luckily there is a written conversation underneath the video. This is what I love about CNBC, it's web site is very professional.

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KLCI Skids, Oil Price Spike Worries?

OMG, KLCI skids another 21 points right after 2nd half of the trading today, with the crude oil price spiking above US$100 because of Libya issue. 

The dramatic spike of oil price has indirectly impact most of the company earnings and direct impact aviation, transportation and power industry. It is no surprise that we can see the share price of AIRASIA and MAS vomited 10% this week.

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Is AirAsia X Public Listing A Right Choice?

Wow, AirAsia share price is having a exceptional rally since early of July. AirAsia has up for more than 80% just within 3 months, the history highest since it's listing. This might be due to the share accumulation from EPF, greatly improved earnings and brighter future earnings from investors point of view.

No doubt, AirAsia fundamental looks quite good, as more and more people get to know about this brand and use it's services, while it is aggressively developing more new routes, like the launching of Tokyo, Japan on last week. It's not only benefit to those who like to travel around, but also bringing the company to a better prospect.

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