CIMB Research ups AirAsia target price on upbeat outlook

CIMB Research: We think there would be more upside in 2016 if several fundamental developments come to fruition.

KUALA LUMPUR: CIMB Equities Research is gaining more confidence in its Add recommendation on AirAsia, and raises its target price to RM1.80.

It said on Monday its FY15-17 core EPS forecasts are raised 52%-92%.