- 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%.
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