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U TURN... Again
U.S.-Iran peace talks that were scheduled to take place in Switzerland on Friday were abruptly cancelled, media reports showed, shortly after U.S. Vice President JD Vance pulled out of the meeting.
It has been moving up from 1.10 to 1.3+; MoU driven rally. The next rally will be driven by fundamentals? lower jet fuel price means higher earnings as there is no jet fuel hedging for Aax. Cheaper fuel factors won't move it much anymore. It requires revenue strength in order for Mr Market to price it higher.
Asian currencies were depreciated and badly hit AAX revenue, many years ago SIA also faced the same problem, until SIA setup a system which big portion of income converted to SGD regularly, I Forsee AAX will take action drastically to counter this mistake. now is a good level to pocket some for Xmas festival!
I think the following news back in May is causing some uncertainties - May 7 (Reuters) - AirAsia (AIRX.KL), co-founder Tony Fernandes is preparing to launch a new airline, betting on high oil price volatility, Bloomberg News reported on Thursday. The new airline could be announced within the next couple of months, the report said, adding that the carrier group is moving some planes for the venture.
