KUALA LUMPUR: Public Investment Bank Research (PIVB) is maintaining a fully valued rating on AirAsia X
with a target price (TP) of 56 sen on a pre-rights basis, which ignores the entitlement basis and rights issue price.
“This is based on 1.7 times FY15F price-to-book value (P/BV), the average valuation of its low-cost carrier (LCC) peers. Our ex-rights TP will be determined, once the rights issue price and entitlement basis are fixed,” it said.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
