Tiger Airways: +4.9% at $0.65 in strong vol after the Straits Times reported, citing CEO Chin Yau Seng, the carrier expects its Australian operations to return to normal by mid-2012 and that it's making progress on Indonesian and Philippine ventures.
The report mirrors comments made by Chin in an interview with Dow Jones last week in which he also said Indonesia's Mandala Airlines, 33%-owned by Tiger, would resume flying in 1H12. Orderbook quotes suggest the stock is capped at its current level, also the intraday high; its month-to-date high of $0.68 may act as near-term resistance.
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