Thursday, August 5, 2010

AIRASIA - AirAsia a 'buy', says Citigroup

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: CITI GROUP



AirAsia Bhd was raised to "buy" from "sell" at Citigroup Inc after Southeast Asia's biggest discount carrier slowed plane deliveries, a move which will reduce capital expenditure requirements and net gearing.

The share price estimate for the company was increased to RM2.10 from RM1.10, it said in a report dated August 4. -- Bloomberg


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