Stock Name: TigerAir
Company Name: TIGER AIRWAYS HOLDINGS LIMITED
Phillip Securities Research in a Mar 7 research report says: "Tiger Airways made two announcements with regards to its operations in Australia. (1) Tiger Airways Australia (TAA) received approval from CASA to operate a max of 64 (current: 38) sectors per day from Oct 2012.
"(2) TAA also announced that Sydney would be their 2nd base in Australia, with operations commencing from early July 2012. Three aircrafts would be deployed there and another aircraft would be delivered to its base in Melbourne.
"The share price of Tiger Airways could see some near term upside with the positive developments. However, after the initial exuberance, we opine that the market would refocus on the challenging operating environment for the airline. Unchanged target price of 58 cents. MAINTAIN REDUCE."
Company Name: TIGER AIRWAYS HOLDINGS LIMITED
| Research House: Phillip Securities | Price Call: SELL | Target Price: 0.58 |
Phillip Securities Research in a Mar 7 research report says: "Tiger Airways made two announcements with regards to its operations in Australia. (1) Tiger Airways Australia (TAA) received approval from CASA to operate a max of 64 (current: 38) sectors per day from Oct 2012.
"(2) TAA also announced that Sydney would be their 2nd base in Australia, with operations commencing from early July 2012. Three aircrafts would be deployed there and another aircraft would be delivered to its base in Melbourne.
"The share price of Tiger Airways could see some near term upside with the positive developments. However, after the initial exuberance, we opine that the market would refocus on the challenging operating environment for the airline. Unchanged target price of 58 cents. MAINTAIN REDUCE."
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