Bursa Alert
Global Market
NewsOSK upgrades AirAsia's fair value to RM4.34
Page 1 of 1
OSK upgrades AirAsia's fair value to RM4.34
by hlk Tue 19 Jul 2011, 13:21
OSK Research Sdn Bhd has upgraded its fair value on AirAsia Bhd to RM4.34 from RM3.89 while maintaining its 'buy' call.
In a research note today, OSK said AirAsia's revenue passenger kilometres (RPK) and passenger carriage for first half of financial year 2011 (1HFY11) remained consistently strong, growing by 16 per cent and 23.2 per cent year-to-date.
"Considering that 1H is typically the weaker half of the year, AirAsia's numbers nevertheless remained consistently strong despite the fuel surcharge having taking full effect in May," it said.
It said AirAsia's second quarter earnings were expected to rise further quarter-on-quarter on the back of improving yields due to the fuel surcharge, loan factor and RPK. -- Bernama
In a research note today, OSK said AirAsia's revenue passenger kilometres (RPK) and passenger carriage for first half of financial year 2011 (1HFY11) remained consistently strong, growing by 16 per cent and 23.2 per cent year-to-date.
"Considering that 1H is typically the weaker half of the year, AirAsia's numbers nevertheless remained consistently strong despite the fuel surcharge having taking full effect in May," it said.
It said AirAsia's second quarter earnings were expected to rise further quarter-on-quarter on the back of improving yields due to the fuel surcharge, loan factor and RPK. -- Bernama
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» RHB Research upgrades MRCB to Buy, fair value RM1.82
» RHB Research upgrades Mah Sing to Buy, fair value RM2.44
» RHB Research upgrades Glomac to Buy, fair value RM1.38
» RHB Research upgrades MBSB to Buy, fair value RM3.70
» RHB Research upgrades NTPM to Neutral, fair value 82 sen
» RHB Research upgrades Mah Sing to Buy, fair value RM2.44
» RHB Research upgrades Glomac to Buy, fair value RM1.38
» RHB Research upgrades MBSB to Buy, fair value RM3.70
» RHB Research upgrades NTPM to Neutral, fair value 82 sen
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum