Thursday, August 12, 2010

AIRASIA - RHB lifts AirAsia earnings forecast to 16pc

Stock Name: AIRASIA
Company Name: AIRASIA BHD
Research House: RHB



AirAsia Bhd's earnings forecasts for 2010 to 2012 were raised 7 to 16 per cent to reflect higher yields and traffic, RHB Research Institute Sdn Bhd said in a report today.

AirAsia's second-quarter earnings result will exceed RHB's expectations, it said. The carrier's fair value was raised to RM2.08 from RM1.88, according to the report. - Bloomberg



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