Tiger Air: DBSV upgrades to Buy with $1.01 TP, on back of recent announcement that Indonesian regulators has reactivated Mandala Airlines' Air Operator's Certificate (AOC). The reactivation will give Tiger more flexibility in aircraft deployment in FY13.
Note that it is also easier for SG operations to digest the excess capacity added in FY12. House expects turnaround in 3Q-FY13. Technically, observe that recent turnaround plays tended to rise comfortably above their respective 200-day EMA. Believe that Tiger shares should be
no exception especially since the moving average currently tracks a low base after the major correction over the past 1.5 yrs. The 200-day EMA for Tiger is currently at $0.87. Thus, house expect Tiger shares to rise above $0.87, heading towards $1.00 Immediate support is around $0.80.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment