more like its on a break. I believe that it will pick up again soon with all the positive news, earnings and new explorations being done by the company.

Maybank TP 3.36

it went for a quick ride up and has been facing resistance. Alot of play on other counters, low volume with AIRASIA recently.

But it is a gem in the aviation line still. I'm patiently waiting as well for the market to turn around back to this stock

"AIRASIA on a potential breakout at RM2.76 of an Ascending Triangle formation. Targets are RM3.21 & 3.36 for the chart. "
- got this email from my broker a few days back.

Any chart analysis experts here care to confirm?

who's pushing?

yesterday plan skid off runway in Kuching, today shares up up up, lol.

Confirmed that it was due to bad weather and not pilot or plane fault by transport minister.

RM2.76 was resistance area. The stock closed at 2.86 today breaking the resistance its been having.

It'll surely break 3.00, only a matter of time

This post has been edited by tineagle: Jan 12 2011, 06:21 PM

I'm holding a few warrants, waiting for prices to follow.

It shouldn't go down that much even after profit taking kicks in due to break in resistance levels.

I'm holding mine for a while longer, this stock can only go higher.

up to you, are you the patient type? What is your risk appetite?

All I can say is that from the looks of charts and buy/sell power, previous 2.76 resistance area has now become support area.

TP 3.21-3.40 imo.(provided they dont raise it )

The skidded plane incident was due to bad weather and ground conditions, this has been confirmed by our transport minister. I guess they have to cover the damages, but do not face fines and penalties etc.

Either way, the company has been producing good profit from all its past financial reports. Malaysian airlines in general are undervalued. The buying may be due to speculation on the news of subsibary listing, but I am confident that it as a company is worth more than RM3 per stock at its current performance levels and soon to come expansions plans.

ngkhanmein:
1. your comments are racially offensive.
2. your statements do not have any solid backing.
3. your English plainly just sucks.

Please go back to what ever forum you came from, you have no solid arguments to present here.

on its way back up today after much profit taking on friday

AirAsia price drop deemed from profit-taking activities



Maybank Investment Bank Bhd said in a report to its clients that the decline in AirAsia's share price was mainly sentiment driven as fundamentals were largely absent yesterday. The report added that share prices of European LCCs such as EasyJet and Ryanair had also fallen, thus possibly impacting AirAsia's share price as they might share common foreign shareholders who decided to realise profits and discount accordingly.

“Looking across Europe, UK-based LCC EasyJet stated that their first-half losses may double from the year before, resulting in its share price falling. Although Ryanair's performance is historically better and not-akin to EasyJet's behaviour, its share price fell,” Maybank said.

A foreign research house analyst said AirAsia's fall in share price was in line with the lower broader market due to profit-taking activities. The local benchmark, the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI), shed 4.46 points, or 0.29%, to end at 1,542.97 yesterday.

Maybank said AirAsia remained an attractive buy against other global LCC as it was trading at a discount of 40%-47% against its peers.

“Our one-year forward target of RM3.36 is based on a 2% discount to the market. We see a 23% upside to fair value,” it said.

The research report also highlighted that AirAsia's volatility had surged by 24% to 1.26 from a year ago, making it one of the most volatile FBM KLCI stocks. In addition, it is also the second most volatile LCC stock in the world.

Fernandes told StarBiz via a text message that the company's fundamentals remained good and he was not concerned with the decline seen in the airline's share price.

According to Bloomberg data, 19 out of 25 analysts have given the airline a target price of above RM3, with Credit Suisse placing the highest target price at RM4.30.

AirAsia recorded its highest closing price at RM3.04 on Jan 13 this year, since the company was listed on the local bourse in late 2004.

Meanwhile, AirAsia released its preliminary operating statistics yesterday for the last quarter of 2010. For the fourth quarter ended Dec 31, passengers carried by AirAsia in Malaysia grew 11.1% to 4.44 million from a year ago with a 3% rise in load factor to 82% for the period.

For the three months ended December, passengers carried by Thai AirAsia was up 13.2% to 1.62 million from a year ago with a 1% drop in load factor to 80% for the period.

Passengers carried by Indonesia AirAsia increase 6.5% to over a million with load factor rising 4% to 78% for the quarter ended December.

In total, AirAsia group carried 25.68 million passengers for the whole of last year, representing 13.1% growth from 2009. From the 25.68 million passengers carried, about 63% was from its Malaysian operations, 22% from Thai AirAsia and 15% from Indonesia AirAsia. The group's overall load factor stood at 78% for the full year against 75% in 2009.

http://biz.thestar.com.my/news/story.asp?f...24&sec=business

It means that AirAsia has already pre-booked jet fuel at price US$100/barrel. In the oil business, due to fluctuating prices and huge demand, people actually have to buy the fuel before hand(takes long time to deliver all the fuel?).

Correct me if I am wrong.

Well fundamentals of the company is still good. Price drop is just a matter of profit taking, it will rise up again as you can see many bargain hunters are coming out now, especially ones that have missed the boat previously.

Fundamental Analysis traders are buying.

Technical Analysis traders are buying.

Guess what YOU should be doing

it just re-affirms the companies value imo.

goreng news is always something like privatisation

Maybank TP RM 3.36

0411 GMT [Dow Jones] AirAsia (5099.KU) is likely to report Thursday a 27.5% on-quarter rise in 4Q earnings, says OSK Research. "Backed by a healthy load factor of 82.5%, which is an all-time high since 2Q FY06, we expect AirAsia's EBITDA to expand by 46.3% on-quarter although the EBITDA margin of 42.1% achieved in FY10 would be relatively lower compared to the previous year's 42.7% considering that jet fuel prices have crept up," says OSK; the house adds that AirAsia's FY10 core earnings are poised to climb 80.6% on-year to MYR904.8 million. The house also nudged up its earnings forecast for AirAsia by 6.0% for FY10, and 2.0% for FY11, but cuts FY12 net profit by 3.7% after factoring in a higher jet fuel price assumption. OSK keeps its Buy call on the low cost carrier but raises its target to MYR3.86 from MYR3.78. The stock is down 5.4% at MYR2.61.

bargain hunting time