Air Asia's dead cat bounce: Bumpy ride ahead for Airasia shareholdersWhen Air Asia Indonesia crashed last year...

Air Asia's dead cat bounce: Bumpy ride ahead for Airasia shareholdersWhen Air Asia Indonesia crashed last year...

Short-sellers target AirAsia amid questions over accounting Published: 29 June 2015 7:07 PM Short-sellers are targetting AirAsia Bhd amid accounting worries at Asia's biggest budget carrier, with its shares among the most borrowed securities in Southeast Asia in recent weeks, data shows. Loaned stock for Malaysia's AirAsia rose to a high of 47 million shares on June 23 from 7 million two weeks prior to that, according to data from financial software company SunGard Astec Analytics. That means sentiment towards AirAsia's shares, which slumped by as much as a third since June 9 and wiped off nearly half a billion dollars of the airline's market value, has worsened, despite AirAsia chief executive Tony Fernandes' recent assertions that the carrier has a solid balance sheet and business plan. "We have seen that people borrowed the stock, which thus indicates that there are sho...

Full article: http://anotherbrickinwall.blogspot.com/2015/06/air-asias-...

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