KUALA LUMPUR: Affin Research has maintained its Sell call on AirAsia X
(AAX) with a target price of 65 sen based on FY15 P/BV multiple of 1.3 times.
In a note on Wednesday, the research house said it has made no changes to its earnings forecast, as its anticipated some earnings recovery in 2H14 in tandem with the seasonally stronger holiday period.
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