August 1, 2011

AirAsia price estimated raised, stock rises

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: UOBPrice Call: BUYTarget Price: 4.60



AirAsia Bhd climbed in Kuala Lumpur trading, set to close at a record after UOB-Kay Hian Holdings Ltd raised its share estimate to RM4.60 from RM3.70.

The stock advanced 1.8 per cent to RM4 at 10:34 a.m. local time.

The carrier's rating was maintained at "buy," UOB- Kay Hian wrote in a report today. -- Bloomberg


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