KUALA LUMPUR (March 3): AirAsia Bhd and its associate AirAsia X Bhd remained actively traded this morning, with mother shares and warrant among the top three actively-traded counters.

At 11.08 am, AirAsia X's warrant (AAX-WA) topped the list with 95.09 shares exchanging hands. The warrant rose 19.35% or 3 sen to 18.5 sen.

It was followed by mother shares AirAsia X and AirAsia, with 71.6 million and 36.09 million shares traded respectively.

AirAsia X saw its share price jump 5.26% or 1.5 sen to 30 sen, while AirAsia increased by 3.61% or 6 sen to RM1.72.

Year to date, AirAsia and AirAsia X have risen more than 30% and 60% respectively, however, their share prices are still traded below their 52-week high on Sept 3 and Dec 3 last year, which were about RM2.41 and 42.2 sen respectively.

When contacted, Maybank Aviation analyst Mohshin Aziz said the stocks have been actively traded since their outstanding results were released.

He remains positive on AirAsia and AirAsia X and opined their valuations remains attractive, when compared with regional players.

“They are pretty cheap, trading in single digit valuation, which is less than price-earnings ratio of 10 times,” he told theedgemarkets.com over the phone.  

Last week, AirAsia Bhd reported its fourth-quarter financial year 2015 (4QFY15) net profit of RM554.2 million, compared with a net loss of RM428.5 million in 4QFY14.

Meanwhile, AirAsia X posted its first headline net profit in nine quarters, with RM201.6 million in the fourth quarter ended Dec 31, 2015 (4QFY15).