Research house expects zero share price for AirAsia X
Long-haul budget carrier AirAsia X Berhad’s share price is expected to dip to zero after recording its biggest quarterly net loss yet. – The Malaysian Insight file pic, July 31, 2020.
A RESEARCH house has predicted that AirAsia X Berhad’s share price will hit zero after the long-haul budget carrier recorded its biggest ever quarterly net loss. CGS-CIMB Equities Research, in maintaining a reduced rating on the stock, said in a note today that the airline group’s net liability position prompted the cut of the target price from 7 sen to zero.
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