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Company Update - AirAsia
Berhad (HOLD, maintain)
- Expect another strong quarter of earnings AirAsia's upcoming 2Q16 earnings results will likely come in better yoy premised on the strong operating statistics as well as cheaper jet fuel cost. We have raised our FY16 EPS by 21% as well as our target price to RM3.10 (based on 10x CY16 EPS) to reflect this. Maintain HOLD.
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| For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports. |
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