November 9, 2010

AIRASIA - AirAsia rating cut on potential price war

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: RHB



AirAsia Bhd was cut to "underperform" from "outperform" at RHB Research Institute Sdn Bhd to reflect a potential price war after Malaysian Airline System Bhd announced plans to expand its Firefly budget carrier unit.

AirAsia's indicative fair value was cut to RM2.10 from RM3.01, RHB said in a report today. -- Bloomberg


No comments:

Post a Comment