Stock Name: TigerAir
Company Name: TIGER AIRWAYS HOLDINGS LIMITED
DBS Vickers Securities in a Dec 12 research report says: "Tiger Airways reported its November operating statistics, which showed that the number of passengers flown dropped 13% y-o-y to 402k.
"Likewise, the average load factor for the month declined 8ppt y-o-y to 78%. For the 12 months to November 2011, total passengers carried grew 3% y-o-y to 5.8 million passengers whilst average load factor for the period declined 3ppt y-o-y to 83%.
"Whilst Tiger Airways Australia has received approval to increase the number of daily sectors from 22 currently to 32, we believe it will take some time to turn things around in Australia and it will continue to be a drag on overall Group's operations for at least the next few quarters. Target price of 71 cents. MAINTAIN HOLD."
Company Name: TIGER AIRWAYS HOLDINGS LIMITED
| Research House: DBS Vickers | Price Call: HOLD | Target Price: 0.71 |
DBS Vickers Securities in a Dec 12 research report says: "Tiger Airways reported its November operating statistics, which showed that the number of passengers flown dropped 13% y-o-y to 402k.
"Likewise, the average load factor for the month declined 8ppt y-o-y to 78%. For the 12 months to November 2011, total passengers carried grew 3% y-o-y to 5.8 million passengers whilst average load factor for the period declined 3ppt y-o-y to 83%.
"Whilst Tiger Airways Australia has received approval to increase the number of daily sectors from 22 currently to 32, we believe it will take some time to turn things around in Australia and it will continue to be a drag on overall Group's operations for at least the next few quarters. Target price of 71 cents. MAINTAIN HOLD."
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