There is a quote say, "Buy when others people are fear, and sell when others are greed.
This is the right quote to describe the current status of Airasia. Since the lockdown period airlines and tourism industry are the most effected. As expected, Airasia 2nd QR result will indicate loss because they are not allow to fly anywhere, when they mainly business is FLYING PEOPLE. Lol.
However, bare in mind. Among other Airlines in Malaysia. Airasia is the most strongest Airlines with buck of cash reserved. Not just that, it has won 10 times straight for the best low cost airlines. Airasia price used to touch above RM3 in share price.
So the bad of QR Result mean is the best time for you to buy and invest in Airasia. Take it around 2 years, your price probably worth RM2, atleast!
So we are looking for Airasia to drop somewhere near 0.810, however reserved some limit incase it might drop until 0.730. If this happen, average down your price. That how you will manage your risk!
This is the right quote to describe the current status of Airasia. Since the lockdown period airlines and tourism industry are the most effected. As expected, Airasia 2nd QR result will indicate loss because they are not allow to fly anywhere, when they mainly business is FLYING PEOPLE. Lol.
However, bare in mind. Among other Airlines in Malaysia. Airasia is the most strongest Airlines with buck of cash reserved. Not just that, it has won 10 times straight for the best low cost airlines. Airasia price used to touch above RM3 in share price.
So the bad of QR Result mean is the best time for you to buy and invest in Airasia. Take it around 2 years, your price probably worth RM2, atleast!
So we are looking for Airasia to drop somewhere near 0.810, however reserved some limit incase it might drop until 0.730. If this happen, average down your price. That how you will manage your risk!