Low oil prices and a potential fleet cut by Malaysian Airline System Bhd (MAS) has CIMB Research turning positive on low-cost carrier, AirAsia Bhd.
In a report yesterday, the research house said the low lower fuel prices would be a catalyst for future earnings growth and the cutdown by MAS will boost AirAsia’s market share.
“Our Add recommendation on AirAsia is intact, but our conviction on this call has increased with the news that MAS may remove up to 21 of its B737-800 fleet from active deployment.
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In a report yesterday, the research house said the low lower fuel prices would be a catalyst for future earnings growth and the cutdown by MAS will boost AirAsia’s market share.
“Our Add recommendation on AirAsia is intact, but our conviction on this call has increased with the news that MAS may remove up to 21 of its B737-800 fleet from active deployment.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 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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