02-Jun-2010 12:04 PM
AirAsia extends gains, Virgin Blue extends losses
Analysis
AirAsia's (+2.5%) shares continued to rise yesterday as investors digested the carrier's positive first quarter earnings report. OSK Research Sdn Bhd upgraded the airline's stock from "neutral" to "trading buy" after the airline's management signaled potential "corporate exercises" for two units, Thai AirAsia and Indonesia AirAsia.
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