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KUALA LUMPUR: UOB Kay Hian Malaysia Research is retaining its Hold recommendation for AirAsia Bhd, whose shares were recently sold down, with a fair value of RM1.85.
MANILA (Reuters) - A U.S.-Philippine defence agreement that would help counter China's growing naval power in the disputed South China Sea has yet to be implemented more than a year after it was signed, and could now face a fresh political hurdle in Manila.
PETALING JAYA: After having lost almost RM1bil in market capitalisation over the last five days, budget carrier AirAsia Bhd is spelling out measures designed to improve its balance sheet, particularly to reduce the amount owed by its associates in Indonesia and the Philippines.
KUALA LUMPUR: AirAsia Bhd, which owns more than 120 aircraft, plans to undertake a sale and leaseback (SLB) of up to 20 aircraft in 2015 as it also seeks to reduce its debt level.
KUALA LUMPUR: AirAsia Bhd, whose share price has come under heavy selling pressure, said on Wednesday it is working with the regulators to allow to company to consolidate its associates’ accounts.