If shares of Taiwan’s largest airline are anything to go by, Apple Inc’s next iPhone will be a runaway success.
China Airlines Ltd has surged more than 30% in the past eight days, adding about US$4.1bil (RM17.54bil) in market value and outperforming almost every other member of MSCI Inc’s Asian benchmark. Behind the gains is investor optimism the airline’s cargo operations will benefit from orders by Apple for the island’s many suppliers.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
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!