We bought MNRB at RM 3.13, Affin at RM 2.20, Airasia at RM 0.93 average, ARREIT at RM 0.810, IGBREIT at RM 1.27, Paramount at RM 1.45 and Cypark at RM 1.45.
We wanted to note that thought many current issues surrounding AirAsia recently. Low oil and budget flying will be always having an advantage in slow market conditions. They may be USD loan on planes that have purchased. But with the current climate is pretty balance for the airlines. Further drop may trigger aggressive buying by our fund.
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