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CIMB Research downgrades AirAsia from Hold to Reduce

KUALA LUMPUR: CIMB Equities Research has downgraded AirAsia Group Bhd (AAGB) from Hold to reduce with a lower target price of RM2.12 based on sector average CY20F P/E of 10 times and adding special dividend per share (DPS) of 70 sen.

Higher fuel prices to pressure AirAsia’s earnings

KUALA LUMPUR: CIMB Equities Research expects higher fuel prices to pressure AirAsia Group Bhd’s (AAGB) earnings as it only hedged about 12% of its FY18F jet fuel needs at US$68.55 per barrel.

AirAsia group earnings up 42.9% to RM505.32m

KUALA LUMPUR: Low-cost carrier AirAsia group reported a 42.9% increase in earnings to RM505.32mil in the third quarter ended Sept 30, 2017 due to share of results from associates and lower deferred tax expenses.

PublicInvest maintains Neutral on AirAsia

AirAsia announced its 2QFY17 preliminary operating statistics, with the group reporting an increase in traffic volume by 4% q-o-q to 18.9 billion revenue passenger-kilometres (RPKs), while load factor declined 1.2 points q-o-q to 87.7% (+2.3 points y-o-y)

PublicInvest maintains neutral on AirAsia, AirAsia X

kUALA LUMPUR: PublicInvest Research has maintained its “neutral” call on AirAsia X Bhd (AAX) with a target price of 41.5 sen and expects a better financial results from the carrier.

AirAsia group records higher load factor in Q2, FY16

KUALA LUMPUR: AirAsia Bhd group's load factor rose 6 percentage points to 85% from a year ago, while its Malaysian operations fared better at 87%.

AirAsia FY15 results better than estimates

KUALA LUMPUR: CIMB Research has maintained an “add” call on AirAsia Bhd with target price based on calender year 2017 price-earnings (P/E) ratio of six times as the ingredients are in place for a re-rating of AirAsia.

Highlight on DRB-Hicom air freight operator deal

AMRESEARCH has maintained a ‘buy” call on DRB-Hicom with a target price of RM3.60 based on a 15% discount to its sum-of-parts value of RM 4.25 per share. According to AmResearch, KL Airport Services Sdn Bhd (KLAS), a subsidiary of DRB-Hicom is acquiring Gading Sari, air freight operator for RM72mil cash.

AirAsia load factor up, but sales volume down

PETALING JAYA: AirAsia Bhd has reported a two-percentage-point improvement in load factor to 78% in the third quarter ended Sept 30 despite it being a low-season period for the industry, due to cutting the number of available seats.

After Target hack, Verifone smart card readers could shine

NEW YORK: A data breach at Target Corp that exposed the credit card information of tens of millions of holiday shoppers was a major black eye for the retailer. In its wake, investors and analysts are circling companies that could benefit from a major upgrade in credit card technology.