Bursa Malaysia Stock Watch

AIRASIA - AirAsia rating cut on potential price war

kltrader
Publish date: Tue, 09 Nov 2010, 11:06 AM
kltrader
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Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: RHB



AirAsia Bhd was cut to "underperform" from "outperform" at RHB Research Institute Sdn Bhd to reflect a potential price war after Malaysian Airline System Bhd announced plans to expand its Firefly budget carrier unit.

AirAsia's indicative fair value was cut to RM2.10 from RM3.01, RHB said in a report today. -- Bloomberg

 
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