Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: CREDIT SUISSE
Company Name: AIRASIA BHD
Research House: CREDIT SUISSE
AirAsia Bhd’s prospects are “positive” and the Southeast Asian budget carrier will benefit from the upswing in the aviation industry, according to Credit Suisse Group AG.
“Valuations remain attractive,” Annuar Aziz, an analyst at Credit Suisse, said in a report today.
He kept his “outperform” rating on the stock with a share estimate of RM4.30 after AirAsia announced yesterday that it carried 13.1 per cent more passengers in 2010 compared with a year earlier.
The stock slid 2.1 per cent to RM2.76 at 10.31 am local time. It earlier gained as much as 1.8 per cent. Today’s decline extended a two-day, 5.7 per cent slump.
The shares, which have doubled in the past one year, are headed for their lowest close since January 11. -- Bloomberg
“Valuations remain attractive,” Annuar Aziz, an analyst at Credit Suisse, said in a report today.
He kept his “outperform” rating on the stock with a share estimate of RM4.30 after AirAsia announced yesterday that it carried 13.1 per cent more passengers in 2010 compared with a year earlier.
The stock slid 2.1 per cent to RM2.76 at 10.31 am local time. It earlier gained as much as 1.8 per cent. Today’s decline extended a two-day, 5.7 per cent slump.
The shares, which have doubled in the past one year, are headed for their lowest close since January 11. -- Bloomberg
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