Monday, January 24, 2011

AirAsia down on mild profit taking, delay in KLIA2?

KUALA LUMPUR: Shares of AIRASIA BHD [], which had rallied in recent weeks, saw its share price retrace on Monday, Jan 24 as investors took profit and also due to a possible delay in the completion of the KL International Airport 2 (KLIA2).

At 9.17am, it was down eight sen to RM2.86. There were 429,100 shares done.

The FBM KLCI rose 1.49 points to 1,548.92. Turnover was 131.69 million shares valued at RM86.88 million. There were 198 gainers, 79 losers and 153 stocks unchanged.

In a recent statement, AirAsia said the foreign shareholding increased to 51.55% of its paid-up share capital of 2.77 billion shares as at Dec 30, 2010.

The low-cost carrier said on Friday, Jan 14 that this was an increase of 3.48% from the 48.07% as at June 30.

Meanwhile, a news report said the targeted completion of KLIA2 is April 2012 and the runway in two to three months later. However, there was a six-month delay from the original targeted date.

The report also said there could have been on issues about the airport specifications between Malaysia Airports Holdings Bhd and AirAsia.


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