AirAsia Group is in it for the long haul: TA Securities

AirAsia Group is in it for the long haul: TA Securities

The Edge Markets - Malaysia·2019-08-29 10:16

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. 

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