UOB Kay Hian says AirAsia euphoric rise overdone


- AFP

PETALING JAYA: Following the surge in AirAsia Bhd’s share price, which has more than doubled year-to-date, UOB-Kay Hian Research has downgraded the budget carrier to a “sell”, as it says “the euphoric rise is overdone”.

AirAsia shares closed yesterday at RM3.19, its highest in more than three years. Year-to-date, its shares have gained 147%.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Airasia , shares , sell , euphoric , rise , stocks , UOB-Kay Hian , Aviation , Capital ,

   

Next In Business News

Closing the gap in information delivery
Microlink wins RM84mil ministry job
Fast-lane initiative successfully speeds up foreign projects in Johor
Ekovest’s Lim weighs sale of toll-road assets
Mixed fortunes likely from Trump presidency
Mah Sing to buy land for RM113mil
T7 Global gets drilling jack-up rig
Pentamaster quarterly earnings at RM12mil
EcoWorld Malaysia to buy land for RM742mil
India’s markets immune to Trump’s victory

Others Also Read