Investors Think It's Time to Buy AirAsia Shares
- Southeast Asian budget carrier hit record low last month
- Value of AirAsia's fleet exceeds market capitalization
An AirAsia aircraft stands on the tarmac before its unveiling at the Langkawi International Maritime and Aerospace Exhibition in Malaysia.
Photographer: Charles Pertwee/BloombergThis article is for subscribers only.
Investors are saying it’s time to buy into AirAsia Bhd.
Shares of Southeast Asia’s largest low-cost carrier reached a record low in August after dropping more than 70 percent from a 16-month high in December, when it suffered its first plane crash. Then concerns surfaced about its accounting method and the ringgit declined. The stock’s tumble convinced fund manager Danny Wong Teck Meng there was value in buying the stock.