A tiring day and a boring day also for our share market. I was in Thailand on my holiday trip there. Will be back on Monday.
Today Axis Incorporation Berhad rebound a bit, Resorts World Berhad create a new high but not in a strong way.
Still I can see the market with most of the counter share prices still struggling to maintain at their level but one particular counter are moving very well and is preparing to fly higher again. That is "AirAsia Berhad"
Airlines stock in most part of the world are creating new high. Although their country share market index still moving at range trading but their airlines stock are getting better and better.
On your left is Continental Airlines Inc.
It happen because investor are feeling that the world Crude Oil prices has finally on the way to reach USD 100.00 per barrel. By the time I posted this article the Crude Oil prices tumble again and created new low.
On your right is Delta Air Lines Inc Del.
It went down more than USD-4.00 per barrel at about USD 116.00 per barrel. Basically this a good news for all the major airlines stock in the world and indeed it created an oppourtunity for those still holding the shares. At this moment people who has a strong holding power will eventually gain from this weakness in Crude Oil prices.
As I can see AirAsia will definately benefiting from the current downtrend in Crude Oil prices because if the current situation still maintain AirAsia might be announcing a huge profit for its current annual reports.
On your left is US Airways Group Inc.
To try to invest in this particular counter is worth it because from the way it move, its seems to be going against the trend of our KL Composite Index movement. Potential to move up is greater for this counter but anything can happen during our country "Malaysia" still facing political unstability.
Today Datuk Seri Anwar Ibrahim still announcing that on Sept 16, 2008 our country might be changing to a new government.
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