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CIMB Research retains Hold for AirAsia but slashes target price


KUALA LUMPUR: CIMB Equities Research is maintaining its Hold call on AirAsia but slashed its target price to RM2.72, based on a lower CY20F P/E of 10 times (sector average), from CY19F P/E of 12 times previously.

"In our view, AirAsia may struggle to fully pass on the mix of higher oil prices, stronger US$ and rising airport taxes, leading to margin pressure," it said on Thursday.

Corporate News , Airlines , Analyst Reports

   

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