Tiger Airways: Analysts note that Thai Airway’s new budget carrier, Thai Wings is not meant to replace Thai Tiger but will target the middle market, and be similar to Singapore Airline’s Silkair…..
DMG maintains N with TP $1.40. Note that the fate of the JV still remains in the hands of Thailand’s Ministry of Transportation and will be known after the Thai elections set for 3 Jul11. House conservative with estimates and assumed that the Thai-Tiger JV will not be approved…..
RBS reiterate Buy with TP $1.85. Believe that news of CEO Tony Davis personal shares sales are being blown out of all proportions, and that the Thai Tiger or Thai Wing development is non material. Advice investors to focus on the airliner's strong operating performance, and its number of passengers grew at double-digit rate.
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