AIRASIA (5099) - PublicInvest Research is unmoved by AirAsia Bhd's 30 per cent joint venture (JV) with low cost carrier in Vietnam.
Issued a neutral call with a target price of RM3.19.
Multi Management and Future Solutions Malaysia: PublicInvest Research is unaffected via AirAsia Bhd's 30 for each penny joint wander (JV) with minimal effort transporter in Vietnam and issued a nonpartisan call with an objective cost of RM3.19.
The examination house is of the conclusion that the JV won't make
material commitment to the Group's primary concern for the time being.
PublicInvest Research clarified, in any case, that it sees the
organization decidedly, "as this may upgrade its course availability
inside the ASEAN locale".
The minimal effort bearer had declared that its whollyowned
auxiliary AirAsia Investment Limited (AAIL) will subscribe to 30 for each penny
JV for a LCC in Vietnam for RM58.2 million.
The arrangement will see the rest of the stake subscribed by Gumin
Company Limited (69.9 for every penny) and Tran Trong Kien who will hold one
share.
Last Friday the bearer reported the arrangement on Bursa Malaysia
and it has since risen that Hai Au Aviation Joint Stock Company, which works a
general flight business in Vietnam, will frame the vehicle for the JV and will
utilize the, "AirAsia mark for an expense as concurred amongst AirAsia and
the JV", as per PublicInvest.
Hot Stocks Today for BURSA KLSE:
AIRASIA
ECOWLD
EKOVEST
IWCITY
Hot Stocks Today for SGX:
Genting Sing
Keppel Corp
SingTel
SingPost
To get More Updates:
Stock signals, Stock tips, stock Picks, Stocktips Malaysia, bursa malaysia stock signals, klse daily stock signals, KLSE stock picks, KLSE Stock Recommendations, KLSE stock signals, stock market news, stock market update, Stock Picks Malaysia, Stock trading picks,& Stock trading strategy
For More Visit Us: http://www.mmfsolutions.sg Tel- +65-3158-2180 Email- info@mmfsolution.sg
AIRASIA (5099) - PublicInvest Research is unmoved by AirAsia Bhd's 30 per cent joint venture (JV) with low cost carrier in Vietnam.
https://bursa-malaysia-trading-signals.blogspot.com/2017/04/publicinvest-research-unmoved-airasia.html
