Bursa Malaysia Stock Watch

AIRASIA - Seasonally stronger quarter

kltrader
Publish date: Thu, 23 Feb 2012, 09:42 PM
kltrader
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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
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