Research house lowers AirAsia target price


The MoU aligns with Teleport

KUALA LUMPUR: CIMB Equities Research has lowered its target price for AirAsia Group Bhd to RM1.82 from RM2.12 a share as it expects crude oil prices to climb while higher airport charges may hurt demand.

The low-cost carrier’s last traded price was RM3.12 a share.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , AirAsia , shares , price , airport , charges , fuel , costs , budget , airline ,

   

Next In Business News

Wall St set to open sharply higher on soft jobs data
US job growth slows in April; unemployment rate rises to 3.9%
HSBC has no plans to dispose of further businesses, Chairman says
MJets Air inks aircraft charter agreement with Teleport
Ringgit extends gains to end higher against US dollar
S P Setia to launch Nadi 2, Setia Commerce Square in Setia EcoHill 2, Semenyih this weekend
Farm Price IPO oversubscribed by 91.35 times
XOX to undertake RM303mil capital reduction
Uzma bags contract from Sarawak Shell
Loob Holding eyes Tealive chain expansion into Indonesia by year-end

Others Also Read