no hope

AirAsia: Buy, target price RM2.00

AmResearch maintained recommendations on AirAsia Bhd (5099) after the company announced its second quarter operating statistics.

AmResearch maintained its full year forecast for the budget airline.
"We project AirAsia to register 12 per cent EPS growth to 22 sen. AirAsia is trading at a depressed 6x FY10F earnings, which is a deep 60 per cent, discount to historical average PE of 14x and some 50 per cent discount to Tiger Airways' valuation of 12x. Balance sheet de-risking initiatives, turnaround at associates and improving core operating performance should trigger a strong share price re-rating," it said.

Buy call source from http://stockmarket.tailou.com/viewtopic.ph...5a075d94aa42c8c