Tiger Airways - Good news from down under

Stock Name: TigerAir
Company Name: TIGER AIRWAYS HOLDINGS LIMITED

Research House: CIMB

Price Call: BUY

Target Price: 0.87

Target S$0.87

Tiger Australia will now be allowed to fly 64 sectors daily (from 38 sectors) from October 2012. Tiger has also secured a new base in Sydney. We believe the latest developments should help soak up excess capacity and boost Tiger Australia's recovery prospects.

Source: CIMB Day Break 07 March 2012, Full PDF Report