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.

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