AIRASIA (5099) : AllianceDBS maintains ‘buy’ on AirAsia
KUALA LUMPUR: AllianceDBS Research has maintained its 'buy' call on AirAsia Bhd despite bearish outlook on the low-cost carrier third quarter result.
In a research note today, AllianceDBS said that investors should ignore AirAsia's financial year 2014 earnings, and focus on the airline's bright earnings prospect.
"Low oil prices are set to stay, competitive pressures should normalise (MAS restructuring exercise), and Thai tourism-led economic recovery. All these factors point to a better 2015 for AirAsia," it said.
For the third quarter, the research firm expects AirAsia's bottom line to range between a RM3 million loss and a RM59 million profit.
As at 4.15pm, the counter stood at RM2.55, down by one sen, with 2.75 million shares changing hands.-- Bernama
KUALA LUMPUR: AllianceDBS Research has maintained its 'buy' call on AirAsia Bhd despite bearish outlook on the low-cost carrier third quarter result.
In a research note today, AllianceDBS said that investors should ignore AirAsia's financial year 2014 earnings, and focus on the airline's bright earnings prospect.
"Low oil prices are set to stay, competitive pressures should normalise (MAS restructuring exercise), and Thai tourism-led economic recovery. All these factors point to a better 2015 for AirAsia," it said.
For the third quarter, the research firm expects AirAsia's bottom line to range between a RM3 million loss and a RM59 million profit.
As at 4.15pm, the counter stood at RM2.55, down by one sen, with 2.75 million shares changing hands.-- Bernama
