Cirrus Aircraft's Resilience After Major Stake Sale Piques Investor Curiosity
1. Cirrus Aircraft shares doubled post-IPO, attracting new investor interest. 2. AVIC sold 4.78% of its stake for HK$700 million, reducing ownership to 80.18%. 3. Strong revenue growth with $1.2 billion in 2023 implies solid market demand. 4. Geopolitical concerns eased, aiding Cirrus' stock performance post-IPO. 5. Cirrus' P/E ratio remains lower than rivals, indicating potential investor growth opportunities.