Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: MAYBANK
AirAsia Bhd, Southeast Asia's biggest budget carrier, was downgraded to "sell" from "hold" at Maybank Investment Bank Bhd, which said slower profit growth may prompt write-offs.
The share price estimate for the stock was reduced to RM1.15 from RM1.33, Maybank Investment said in a report today.
The shares of the airline dropped 2.3 per cent to RM1.30 at midday close, set for the lowest close since December 9. -- Bloomberg
Company Name: AIRASIA BHD
Research House: MAYBANK
AirAsia Bhd, Southeast Asia's biggest budget carrier, was downgraded to "sell" from "hold" at Maybank Investment Bank Bhd, which said slower profit growth may prompt write-offs.
The share price estimate for the stock was reduced to RM1.15 from RM1.33, Maybank Investment said in a report today.
The shares of the airline dropped 2.3 per cent to RM1.30 at midday close, set for the lowest close since December 9. -- Bloomberg
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