Sign up | Log in



Home  >>   Daily News  >>   Malaysia News  >>   Aviation  >>   AirAsia stock drops on speculation
NEWS UPDATES Asean Affairs                    21  September 2011

AirAsia stock drops on speculation

Related Stories

August 10,2011
Malaysia air pact: no price-fixing

July 26,2011
AirAsia remains in Malaysia

December 28,2010
Open skies for Malaysia airlines

November 26, 2010
AirAsia Indonesia to Surpass Malaysia Business


AirAsia Bhd's share price fell to the lowest in nearly three months after news leaked that unit Thai AirAsia may be postponing the proposed initial public offering (IPO) in order to restructure and conduct due diligence before listing in the fourth quarter. However, AirAsia said the IPO remained on schedule.

The company's share price fell 16 sen to RM3.19 yesterday amid speculation that the airline, which was targeting to raise US$200mil from the IPO to use as cash reserves and to repay debt, needed more time to restructure and conduct due diligence before listing in Bangkok.

CIMB Securities (Thailand) corporate finance head Sithichai Mahakun, said Thai AirAsia had delayed the share sale plan to the first quarter of next year. CIMB Securities (Thailand) is the financial adviser of the airline.

AirAsia investor relations manager Benyamin Ismail said in an e-mailed statement yesterday that the proposed IPO had not been delayed. He added that the news was incorrect and that the IPO was scheduled for the fourth quarter.

AirAsia's share price has been under pressure since early August partly due to market volatility stemming from investors cutting their exposure to equities as well as a perception among foreign investors that the airline's chief executive officer and major shareholder Tan Sri Tony Fernandes was selling out after a share-swap deal with Malaysia Airlines (MAS) last month.

Analysts covering the stock said the sell-down on the airline's shares was also in line with the sell-down on stocks with high foreign shareholdings such as CIMB, IJM, and Petronas Chemicals.

They speculated that the news report on the delayed IPO would have also quickened the sell-down on AirAsia shares. An analyst cast doubt on the proposed IPO's scheduled listing.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    21  September  2011 Subsribe Now !
• IMF downgrades emerging market outlook
Subcribe: Asean Affairs Global Magazine
• China firm builds Cambodia Asean Affairs Premium
• Business calls for stable currency
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Malaysian company invests in Indo terminal
• AirAsia stock drops on speculation
• Philippines gets unexpected investment
• SCG buys stake in Indo company
• Pilot shortage may hinder regional growth pp

Asean Analysis              21  September  2011

Advertise Your Brand
• Is your city on the earthquake list? Sponsor Our Events

Asean Stock Watch   21  September  2011

• Asean Stock Watch-September 21 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand