Bursa Malaysia Stock Watch
Regional Aviation: Maintain Neutral - A new kid in the long haul market
kltrader
Publish date: Thu, 05 Jul 2012, 09:54 AM
kltrader
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This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
NEUTRAL retained on regional LCCs. Scoot, SIA's wholly-owned airline specialising in low-cost, long haul flights, has been in service since 4 Jun 2012 with its maiden flight to Sydney. We are unexcited by this development as it is an unproven model; even perceived market leader AirAsia X has not turned a cash profit since its inception back in 2007. We maintain our HOLD call on SIA with an unchanged target price of SGD11.15, pegged to historical mean P/B of 1.0x. This development will also not impact the LCCs in our coverage: AirAsia, Asia Aviation and Cebu Pacific.
Click here for full report
Source: Maybank Research - 5 July 2012
Click here for full report
Source: Maybank Research - 5 July 2012
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