AirAsia X Bhd's shares fell 1.88% or half-a-sen in the early session today after posting wider losses for the first quarter ended March 31, 2015.
It posted a higher pre-tax loss of RM117.28 million for the quarter under review from a pre-tax loss of RM48.13 in the same period last year. Revenue increased to RM775.37 million from RM749.48 previously.
Despite the weaker performance, Affin Hwang Capital upgraded its rating on AirAsia X to a "hold" from "sell" previously as most of the negatives have been reflected in the company's share price.
"AirAsia X's forward bookings in the second half of this year remained healthy over the back of current aggressive marketing activities.
"However, concern remains on its ability to sustain yields," the research house said in a note here on Thursday.- Bernama
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It posted a higher pre-tax loss of RM117.28 million for the quarter under review from a pre-tax loss of RM48.13 in the same period last year. Revenue increased to RM775.37 million from RM749.48 previously.
Despite the weaker performance, Affin Hwang Capital upgraded its rating on AirAsia X to a "hold" from "sell" previously as most of the negatives have been reflected in the company's share price.
"AirAsia X's forward bookings in the second half of this year remained healthy over the back of current aggressive marketing activities.
"However, concern remains on its ability to sustain yields," the research house said in a note here on Thursday.- Bernama
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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