Bursa Malaysia Stock Watch

AirAsia - Raising Fuel Surcharge By 30-50%

kltrader
Publish date: Wed, 28 Mar 2012, 10:57 AM
kltrader
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AirAsia ' Raising Fuel Surcharge By 30-50%                     Market Perform
News Update
''       AirAsia has raised its fuel surcharge by 30-50% to 'offset the constant high jet fuel prices which has been trading at an average of US$136/bbl in Mar 2012'.
''       AirAsia expects to recoup an additional US$5/bbl of the fuel bill with the fuel surcharge hikes.
''       Fair value is RM3.72.  Maintain Market Perform.
Source: RHB Research - 28 March 2012
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