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AirAsia cut to 'sell' at Citigroup
by hlk Thu 07 Jul 2011, 19:34
AirAsia Bhd, Asia’s biggest budget carrier, fell in Kuala Lumpur trading after the stock was downgraded at Citigroup Inc, which said second-quarter earnings may disappoint due to higher fuel costs.
The stock slid 1.1 per cent to RM3.46 at 12:24 p.m. local time, its first decline in three days.
The company was cut to “sell” from “buy,” analyst Rigan Wong said in a report today. -- Bloomberg
The stock slid 1.1 per cent to RM3.46 at 12:24 p.m. local time, its first decline in three days.
The company was cut to “sell” from “buy,” analyst Rigan Wong said in a report today. -- Bloomberg
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