This extract was taken from The Star. The full article can be viewed here.
PETALING JAYA: AirAsia Bhd is in focus again after Maybank Investment Research says fears of the budget carrier heading into financial trouble are overblown.
Investors chased up the shares, which closed with a nine sen gain at RM1.20 yesterday, the highest since Aug 14 in active trade after the recent battering.
Maybank Investment Research dispelled fears of AirAsia heading into deep financial trouble similar to the 2008/2009 global financial crisis.
“We see no such risk – balance sheet and cashflows are much sturdier than back in 2008-2009. Fears overblown and stock is trading significantly below its intrinsic value. Maintain buy,” it said.
