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AirAsia price estimate raised, stock rises

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AirAsia price estimate raised, stock rises Empty AirAsia price estimate raised, stock rises

Post by hlk Mon 01 Aug 2011, 13:08

AirAsia Bhd climbed in Kuala Lumpur trading, set to close at a record after UOB-Kay Hian Holdings Ltd raised its share estimate to RM4.60 from RM3.70.

The stock advanced 1.8 per cent to RM4 at 10:34 a.m. local time.

The carrier’s rating was maintained at “buy,” UOB- Kay Hian wrote in a report today. -- Bloomberg

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