Sunday, October 05, 2008

Air Asia Going Private

Would Air Asia stock price rally in this coming week?

Malaysiakini ran an article on possibility of Air Asia going private. The article is here . As investors are not willing to pay premium for Air Asia growth story, they decide to bring it private.

Another news that would help Air Asia a lot is that Transport Ministry have given the approval for Air Asia to fly Kota Kinabalu-Singapore, Kuching-Singapore, Miri-Singapore route. This would further increase the profitability of Air Asia!!!

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