PETALING JAYA: CIMB Investment Bank Bhd is retaining an “outperform” recommendation on AirAsia Bhd, with a target price of RM3.50 per share.
The investment bank's analyst Raymond Yap said in a research note that he preferred to take a long-term view on the airline, which remains Asean's premier low-cost carrier with growth tentacles reaching towards North Asia.
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