KUALA LUMPUR: MIDF Research recommends buying AirAsia X Bhd (AAX) with a target price of RM1.70 based on its high growth profile over the next few years.
It said AAX holds the record for the lowest unit cost operating airline and by leveraging on AirAsia brand couple with its vital short haul feed-in networks, AAX’s growth will accelerate within the next three years as its current capacity doubles.
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