March 31, 2011

AIRASIA - AirAsia raised to 'buy' at UOB-Kay Hian

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

AirAsia Bhd had its stock rating raised to “buy” from “hold” at UOB-Kay Hian Holdings Ltd, which said the carrier’s joint venture with Expedia Inc will give it access to new markets and travel revenue with limited capital expenditure.

The share price estimate was increased to RM3.22 from RM2.91 ringgit, according to UOB-Kay Hian in a report in Kuala Lumpur today. -- Bloomberg

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