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Results Preview RHB Research upgrades AirAsia X to Neutral, fair value 70 sen
by Cals Fri 16 May 2014, 17:29
| Results Preview RHB Research upgrades AirAsia X to Neutral, fair value 70 sen |
| Business & Markets 2014 |
| Written by theedgemalaysia.com |
| Friday, 16 May 2014 08:09 KUALA LUMPUR (May 16): RHB Research has upgraded AirAsia X Bhd to Neutral (from Sell) with an unchanged fair value (FV) of 70 sen and said it expects AirAsia X to report losses when the airline announces its 1QFY14 results on May 19. In a note Friday, the research house nonetheless said that AirAsia X’s preliminary statistics showed good progress in capturing larger market share. “Depressed airfares as well as weaker ringgit are among our main concerns. “We upgrade AirAsia X to Neutral from Sell, with an unchanged 70 sen FV,” it said. |
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