QUOTE(Manso55 @ Jun 13 2013, 07:55 AM)
Semua Bumiputra and Malay bloggers have boycotted this IPO...better stay away....It will be worst that Astro shares...the case of Azran the CEO n now the Nazir connections......this counter will be in the turmoils dan doldrums for a long time!!!!
you must open up your eyes if you wish to earn money in stock market.
did you go to any of the bersih gathering ? did you see what % of Malays there? do you know how many hundreds of thousands of Malays had been attending these gathering throughout the country?
be realistic my friend. don't simply trust what the public news channels feeding you.
on the other hand, i agree that Airasia X IPO price is at the high valuation side. And its business is not yet stable and at high growth stage ahead, which means high risk.
some worried about its high debts and low profit. i think that's common for such company (airline company, high growth stage, not yet mature for now). And i think it's a good choice to use high percentage of IPO funds to pay debt. Debt is a burden for a company. Besides, it required to free out some debt so that it can borrow more money to finance the upcoming aircraft.