February 23, 2012

AIRASIA - Seasonally stronger quarter

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: HWANGDBSPrice Call: BUYTarget Price: 3.10



AirAsia; Fully Valued; RM3.65
Price Target: RM3.10; AIRA MK

4Q11 core earnings came in at RM223m; above our expectations but below consensus. Driven by higher
load factor of 82% and 11% q-o-q increase in revenue per kilometre. Maintain Fully Valued and RM3.10
TP.

Source: HwangDBS Research 23 Feb 2012

No comments:

Post a Comment