AirAsia Bhd - From Asean to Asian airline

Date: 
2012-11-05
Firm: 
CIMB
Stock: 
CAPITALA
Price Target: 
3.50
Price Call: 
BUY
Last Price: 
0.97
Upside/Downside: 
+2.53 (260.82%)
Target RM3.50 (Long Term: Out Perform)

Already dominating Asean skies, AirAsia is spreading its tentacles to the rest of Asia. In a StarBiz interview, its CEO talked about its dream to be an Asian airline where the AirAsia brand name will be as well-known as the Coca-Cola brand worldwide. Although highly ambitious, if there is any airline that can realise this dream, it is AirAsia. The company has proven itself numerous times despite facing many challenges. We retain our Outperform call, target price (9x P/E based on sector average multiple) and earnings forecasts. Expansion into the underpenetrated North Asian market will continue to drive growth over the next decade.


Discussions
Be the first to like this. Showing 3 of 3 comments

millionaire

Airasia, brand name will be as well-known as the Coca-Cola brand worldwide, buy now before u regret, buy

2012-11-05 11:40

richman

the next on fernandes mind is venturing into the medical business and making private hospitals affordable to the man on the street.I APPLAUD and BOW my head in utmost respect if he is able to achieve this.I am confident he can do it

2012-11-05 11:45

wolverine

@millionaire
Can you back up your claim with facts ?

2012-11-05 11:46

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