PublicInvest Research is unmoved by AirAsia Bhd's 30 per cent joint venture (JV) with low cost carrier in Vietnam.

Issued a neutral call with a target price of RM3.19.

Multi Management and Future Solutions Malaysia: PublicInvest Research is unaffected via AirAsia Bhd's 30 for each penny joint wander (JV) with minimal effort transporter in Vietnam and issued a nonpartisan call with an objective cost of RM3.19. 

The examination house is of the conclusion that the JV won't make material commitment to the Group's primary concern for the time being. 

PublicInvest Research clarified, in any case, that it sees the organization decidedly, "as this may upgrade its course availability inside the ASEAN locale". 

The minimal effort bearer had declared that its whollyowned auxiliary AirAsia Investment Limited (AAIL) will subscribe to 30 for each penny JV for a LCC in Vietnam for RM58.2 million. 

The arrangement will see the rest of the stake subscribed by Gumin Company Limited (69.9 for every penny) and Tran Trong Kien who will hold one share. 

Last Friday the bearer reported the arrangement on Bursa Malaysia and it has since risen that Hai Au Aviation Joint Stock Company, which works a general flight business in Vietnam, will frame the vehicle for the JV and will utilize the, "AirAsia mark for an expense as concurred amongst AirAsia and the JV", as per PublicInvest.

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