Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: OSK
Company Name: AIRASIA BHD
Research House: OSK
OSK Research expects AirAsia's fourth quarter earnings to jump 27.5 per cent quarter-on-quarter on a higher-than expected load factor.
In anticipation of the better-than-expected results, the research firm has increased its earnings forecast for the low-cost carrier by six per cent for financial year 2010 and two per cent for financial year 2011.
However, OSK Research has forecast a 3.7 per cent drop for financial year 2012, after factoring in a higher jet fuel price assumption.
"AirAsia's financial year 2010 core bottom-line is expected to end on a strong note with a whopping 80.6 per cent increase year-on-year," it said in a research note today.
The research firm has raised its target price to RM3.86 from RM3.78 previously. -- Bernama
In anticipation of the better-than-expected results, the research firm has increased its earnings forecast for the low-cost carrier by six per cent for financial year 2010 and two per cent for financial year 2011.
However, OSK Research has forecast a 3.7 per cent drop for financial year 2012, after factoring in a higher jet fuel price assumption.
"AirAsia's financial year 2010 core bottom-line is expected to end on a strong note with a whopping 80.6 per cent increase year-on-year," it said in a research note today.
The research firm has raised its target price to RM3.86 from RM3.78 previously. -- Bernama
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