"In this report, we have cut our EPS estimates for MAHB as The National Carrier (TNC) is likely to cut capacity in 4Q14, which would be a key share price catalyst for AirAsia," it said on Monday.
Despite Khazanah saying that TNC will “build scale” in the Asean region,we find it difficult to believe that TNC will add even more capacity in the domestic and Asean space.
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