Airasia share price has gain more than 40% from $1.50 since August 2010. I do believe it will hit $3.00 by end of this year. The reason are:
1) 3rd and 4th Qtr normally have a good passenger load factor due to school holiday and festive seasons.
2) Airasia will not funding the Airasia Thailand and Airasia Indonesia which is planning to be listed on the respective country stock exchange. This will reduce the debt ratio of parent company (Airasia Malaysia) and increase of net profit.
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