KUALA LUMPUR: CIMB Equities Research has raised the target price of AirAsia from RM3.25 to RM3.35, which is an upside of 36.2% from the last traded price of RM2.46.
It said on Thursday AirAsia’s 9M14 core earnings look 37% better than its previous numbers, as yields stabilised in the 3Q, instead of continuing the on-year weakening trend that was evident since 2Q13.
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