Research house lowers AirAsia target price
Higher oil price, airport charges expected to weigh on budget airline
KUALA LUMPUR: CIMB Equities Research has lowered its target price for AirAsia 
Group Bhd to RM1.82 from RM2.12 a share as it expects crude oil prices to climb while higher airport charges may hurt demand.
The low-cost carrier’s last traded price was RM3.12 a share.
The research house had earlier raised FY19-20F core earnings per share (EPS) by lowering its oil price assumptions but kept its “reduce” call as higher airport charges from mid-2019F may hurt demand.
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