AirAsia Bhd's market capitalisation (market cap) surpassed the MYR11 billion mark for the first time, as the stock closed at a new high on 01-Aug-2011 (Business Times, 02-Aug-2011). Its stock closed at MYR3.99 yesterday, after reaching an intra-day high of MYR4.06 a share. More than 8.5 million shares were traded. The end price was the highest close on record for the LCC which also helped the company's market cap surge to MYR11.08 billion.
AirAsia market cap surpasses record
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Three Southeast Asian markets recorded double-digit passenger growth in 2015 – Thailand, Vietnam and Cambodia – while another three experienced high single-digit growth – the Philippines, Laos and Myanmar. Indonesia and Malaysia have struggled recently but should see faster growth rates again in the medium to long term. Indonesia, with its 200 million population, is perhaps the quiet medium term performer. Thailand and Vietnam, for now, remain the hottest markets in Southeast Asia. Myanmar is also intriguing, but much smaller.
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