Friday 29 Mar 2024
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KUALA LUMPUR (Dec 8): AffinHwang Capital Research has maintained its “Buy” rating on AirAsia Bhd at RM2.74 with a higher target price of RM3.25 (from RM2.80) and said it was raising AirAsia’s 2015-16 earnings by 5-12% in view of lower jet fuel price assumption.

In a note Monday, the research house said the positive was partially mitigated by stronger US$ as well as an anticipation of lower fare, as it viewed that airlines would like to compromise yields to garner market share.

“All in, we remain positive on the outlook. Maintain Buy with a higher target price of RM3.25,” it said.

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