KUALA LUMPUR (Jan 20): RHB Research is neutral on the news that the Australian consumer watchdog has taken AirAsia to court for allegedly failing to disclose the full price of fares for flights from Australia to overseas destinations.
It said on Friday that it is actually AirAsia’s 16%-owned associate AirAsia X that is involved here while it is very much a normal course of business of airlines to deal with consumer watchdogs as well as anti-trust commissions.
“However, the news may hurt trading sentiment of AirAsia stock over the immediate term,” it said. It has accorded a fair value of RM2.99 for AirAsia.
It said on Friday that it is actually AirAsia’s 16%-owned associate AirAsia X that is involved here while it is very much a normal course of business of airlines to deal with consumer watchdogs as well as anti-trust commissions.
“However, the news may hurt trading sentiment of AirAsia stock over the immediate term,” it said. It has accorded a fair value of RM2.99 for AirAsia.
