Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: HLG
KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research is maintaining a Buy on AIRASIA BHD [] with a target price of RM3.46 based on sum-of-parts, to better reflect Airasia's valuation post IPO exercises of associates and investment.
The research house said on Tuesday, Jan 25 AirAsia will continue to stand out against other regional LCCs and FSCs due to its strong brand name, large networks and low operating cost structure.
On Monday, AirAsia announced strong growth in 4Q10 operating statistics with continued high passenger load factor.
HLIB Research said the low-cost carrier's full year operating statistics were inline with its FY10 assumptions.'' AirAsia reported +20.6% yoy growth in RPK (demand) and +9.7% yoy in ASK (supply). Passenger load factor at historical high of 82.5%.
'The strong growth achieved by AirAsia group confirms our view of the potential growth of LCC market in Southeast Asia, due to regional economic growth and the emerging trend of air travels,' it said.
Company Name: AIRASIA BHD
Research House: HLG
KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research is maintaining a Buy on AIRASIA BHD [] with a target price of RM3.46 based on sum-of-parts, to better reflect Airasia's valuation post IPO exercises of associates and investment.
The research house said on Tuesday, Jan 25 AirAsia will continue to stand out against other regional LCCs and FSCs due to its strong brand name, large networks and low operating cost structure.
On Monday, AirAsia announced strong growth in 4Q10 operating statistics with continued high passenger load factor.
HLIB Research said the low-cost carrier's full year operating statistics were inline with its FY10 assumptions.'' AirAsia reported +20.6% yoy growth in RPK (demand) and +9.7% yoy in ASK (supply). Passenger load factor at historical high of 82.5%.
'The strong growth achieved by AirAsia group confirms our view of the potential growth of LCC market in Southeast Asia, due to regional economic growth and the emerging trend of air travels,' it said.
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