KUALA LUMPUR (Aug 29): AirAsia Group Bhd's weaker, below-consensus 1H doesn't faze TA Securities Holdings Bhd as it expects the carrier to recover in 2H on lower fuel costs and a seasonal surge in air-travel demand. 

Despite retaining its bullish stance, TA says AirAsia won't be spared from U.S.-China trade war fallout nor the devaluation of yuan, both of which are likely to hurt any company in tourism and hospitality.