Bursa Malaysia Stock Watch

AirAsia, MAS fall on stock downgrades

kltrader
Publish date: Tue, 15 Mar 2011, 12:32 PM
kltrader
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Following Message
AirAsia Bhd. and Malaysian Airline System Bhd dropped in Kuala Lumpur trading after their stock ratings were downgraded by HwangDBS Vickers Research Sdn Bhd, which said higher fuel prices will hurt earnings.

Shares of AirAsia, Southeast Asia's largest budget carrier, fell 1.2 percent to RM2.51 at 9:24 a.m. local time. Malaysian Airline lost 1.1 percent to RM1.84. --Bloomberg
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