AirAsia actively traded as underlying share flies high

LAST week, AirAsia’s share price went on a three-day winning streak, recording a total gain of 16.2% from Tuesday to Thursday, closing at RM2.51. However, it could not sustain the uptrend on Friday, falling 2.8% to close at RM2.44.

AirAsia’s surge came on the back of news of its dual listing in Hong Kong. The dual listing, which is expected to occur before the middle of this year, is designed to provide more depth and flexibility in raising the group’s capital. A newspaper report last Friday highlighted that the listing will give benefit to investors, allowing them to invest via the Hong Kong Stock Exchange.

Following the strong momentum in AirAsia, AirAsia-C46, gained a whopping 28.0% for the week. The warrant was listed among the top five most active warrants over AirAsia as investors traded 29.3 million units.

AirAsia-C34, another warrant over the low-cost airline, was also one of investors’ favourites, accumulating a total trading

AIRASIA-C34 AIRASIA-C46 AIRASIA-C47 AIRASIA-C35 AIRASIA-C38 Issuer Exercise Level/ Price (RM)

2.00 2.50 2.60 2.00 2.65

the most active over the week as bearish investors traded 82.9 million units. Meanwhile, bullish investors were seen actively trading the HSI call warrant HSIC54 with a total trading volume of 62.3 millionunits. Week-on-week, HSI-H63’s bid price recorded a 60.4% loss, while HSIC54 increased 14.8%.

Provided for Malaysian residents’ information only. It is not an offer or recommendation to trade and is not research material.

Past performance is not indicative of future performance.

You should make your own assessment and seek professional advice.