KUALA LUMPUR: Hwang DBS Vickers Research said AirAsia is fully valued at RM2.65 and had a price target of RM2 for the low-cost carrier.
It was commenting on AirAsia's tie-up'' with Expedia Inc to set up an online travel agency that has three main brands -- AirAsiaGo, GoRooms and Expedia.
AirAsia announced on Tuesday, March 29 the JV would be equally owned by both parties and AirAsia's initial investment in the JV will be up to US$10 million (RM30 million) which will be funded by internal funds.
Expedia is the world's largest online travel company with Australia and Japan being their strongest markets in Asia.
It was commenting on AirAsia's tie-up'' with Expedia Inc to set up an online travel agency that has three main brands -- AirAsiaGo, GoRooms and Expedia.
AirAsia announced on Tuesday, March 29 the JV would be equally owned by both parties and AirAsia's initial investment in the JV will be up to US$10 million (RM30 million) which will be funded by internal funds.
Expedia is the world's largest online travel company with Australia and Japan being their strongest markets in Asia.
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