Thursday, August 19, 2010

AirAsia Berhad : 1HFY12/10 Performance Sustained YoY Despite Sharply Higher Fuel Cost - 19/08/2010

♦ Within our expectation, consensus not meaningful. Normalised
1HFY12/10 PBT of RM280.5m came in at 56% of our full-year forecast.
However, we consider the results within our expectation as we expect a soft
3QFY12/10 on the back of the Muslims’ fasting month. The consensus fullyear
PBT of RM600m is not meaningful as it may have been inflated by
exceptional gains.

AirAsia Berhad : 1HFY12/10 Performance Sustained YoY Despite Sharply Higher Fuel Cost - 19/08/2010

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