September 22, 2011

Macquarie cuts AirAsia's price estimate

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: MACQUARIE GROUPPrice Call: BUYTarget Price: 4.15



AirAsia Bhd, Asia's biggest budget carrier, fell to its lowest level in more than three months after Macquarie Group Ltd cut its share price estimate to RM4.15 from RM4.44.

The stock slid 3.8 percent to RM3.04 at 9:51 a.m. local time in Kuala Lumpur trading, set for its lowest close since June 6. -- Bloomberg

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