Top Story : AirAsia – 2QFY12/10 results to beat our expectation - Outperform
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- We expect 2QFY10 core PBT to come in at RM125-135m, up 13-22% vis-à-vis RM111m recorded in 1Q.
- Cumulatively, 1H core PBT of RM236-246m will have accounted for 55-57% of our full-year forecast of RM432.1m, exceeding our expectation.
- The qoq growth in 2QFY12/10 core PBT will have been driven largely by 6% more passengers, partially offset by a higher fuel cost.
RHB Equity 360° - 12 August 2010 (AirAsia, CBIP, BAT; Technical: Supermax)
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