Tigerair: From a technical standpoint, the stock has just broken past the topside of a triangle formation at $0.335 and appears poised to head towards the projected objective of $0.40 with the 50-dma intersecting the 200-dma in a bullish crossover.
Overall, the majority of the street is still cautious on Tigerair even though its load factors have been improving. 3QFY15 results has finally turned profitable after four quarters of heavy losses. The counter currently trades at post-rights P/B of 3.7x.
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