Stock Name: TigerAir
Company Name: TIGER AIRWAYS HOLDINGS LIMITED
Research House: CLSA
Company Name: TIGER AIRWAYS HOLDINGS LIMITED
Research House: CLSA
CLSA starts Tiger Airways (J7X.SG) at Outperform with $2.46 target price, says Dow Jones.
CLSA says industry fundamentals supportive of budget carrier's growth, with Asia offering airlines like Tiger large under-served population, rising incomes, improving infrastructure.
"Tiger is a focused company providing low fares to entice consumers, and like the cinemas is selling high-margin services to enhance profitability," says research house.
Forecasts 3-year EPS CAGR of 43%. Says Tiger's focus on cost control bodes well for bottomline.
Shares off 0.9% at $2.15.
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