Bursa Alert
Global Market
NewsHot Stock AirAsia active, rises 0.43% on favourable outlook
Page 1 of 1
Hot Stock AirAsia active, rises 0.43% on favourable outlook
by Cals Mon 23 May 2016, 00:30
- Hot Stock
[size=28]AirAsia active, rises 0.43% on favourable outlook
By Surin Murugiah / theedgemarkets.com | May 20, 2016 : 9:35 AM MYTKUALA LUMPUR (May 20): Shares of AirAsia Bhd rose 0.43% in active trade this morning after CIMB IB Research raised its target price for the stock to RM3.13.
At 9.12am, AirAsia added one sen to RM2.35 with 4.74 million shares done.
In a note today, CIMB IB said it reviewed AirAsia’s very strong operating statistics last week, and noted that the 1Q16 results, which will be released on 27 May, are likely to exceed expectations.
[You must be registered and logged in to see this image.]
It said the airline may report a record 1Q group core profit of between RM350 million and RM450 million, versus a loss of RM53 million in last year’s 1Q and profit of RM285 million in 4Q15.
“As a result, we upgrade our FY16-17 core EPS estimates by 15-16%, and lift the target price to RM3.13, still based on CY17 P/E of 8x (peer range 6-12x)“Stay Add as AirAsia is enjoying low fuel costs and benign competitive environment,” it said.
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stock Benalec gains 0.88% on favourable outlook for stock
» Hot Stock MAS most active, up on better earnings outlook
» Hot Stock AirAsia active, up 2.44%
» Hot Stock IFCA MSC rises 2.83% in active trade
» Hot Stock Vsolar rises 2.38% in active trade
» Hot Stock MAS most active, up on better earnings outlook
» Hot Stock AirAsia active, up 2.44%
» Hot Stock IFCA MSC rises 2.83% in active trade
» Hot Stock Vsolar rises 2.38% in active trade
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum