Blog: AIRASIA – Fundamental Analysis (24 Aug 2014) - L. C. Chong

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2 comment(s). Last comment by Feimaw 2014-08-25 08:49

Feimaw

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Posted by Feimaw > 2014-08-25 07:45 | Report Abuse

What will be your target price in Q4 2014?

Feimaw

1,161 posts

Posted by Feimaw > 2014-08-25 08:49 | Report Abuse

If I take current price at 2.39 divided by implying eps 14.4 cents and just multiply by first 2Q eps of 18 cents it will work out to be RM 2.99 fair value. ( that is assuming next 2 quarter totally flat eps). Any additional eps coming from next 2 Q will drive fair value way above RM3.00. Assuming next 2Q make EPS total 6 cents, then its fair value 2014 will be RM3.98. This is not impossible as Mas restructuring and Thailand peaceful Q3Q4 will reverse AA Thailand earnings too.

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