October 17, 2011

AirAsia rated 'overweight' at HSBC

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: HSBCPrice Call: BUYTarget Price: 3.70



AirAsia Bhd, the region's biggest budget carrier, rose to its highest level in almost two months in Kuala Lumpur trading, set to be the biggest gainer on the FTSE Bursa Malaysia Top 100 Index.

The stock climbed 5.9 percent to RM3.59 at 12:06 p.m. local time, set for its highest close since Aug. 23.

The stock was rated new "overweight" at HSBC Holdings Plc, with a share price estimate of RM3.70. -- Bloomberg

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