KUALA LUMPUR: PublicInvest Research is keeping its Outperform call on AirAsia with target price of RM2.53 tagged to a 10 times price-to-earnings (P/E) multiple to FY16 EPS.
The research house said on Teusday thelow-cost carrier, at its current share price, was trading at a compelling valuation of 6 times FY16F earnings.
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