Asia Aviation - Short-Term Outlook Remains Unattractive, with the Low Season in 2Q-3Q25E
We remain positive on the fundamentals, with substantial upside of +69% relative to the current market price and very limited tactical downside risk.
238 Views
AAV TB - Weaker-Than-Expected International Passenger Numbers Putting Pressure on 2025E Profit
We revise down our 2025-26E core profit forecasts to reflect weaker international passenger numbers, along with flat passenger volume in 1Q25E both...
215 Views
Asia Aviation - In-Line 4Q24 Profit; Passenger Growth to Continue in 2025E
We remain positive on the stock’s fundamentals, given the significant share price upside potential of +61% to our fair value. In addition, the...
198 Views
Asia Aviation - Expect Record-High Core Profit in 4Q24E
Q24E core profit (excluding FX losses) is expected to have reached a new quarterly record, driven by increased passenger numbers and lower fuel costs.
277 Views
Asia Aviation - Stock Price Reflects Strong Performance, with the ERP Having Risen Significantly
While we have a positive view on its fundamentals, with the fair value offering upside of +14%, we remain concerned about its long-term performance,
544 Views