The research house said the outbreak would not have an impact on aviation stocks.
AmResearch said, out of the two listed airlines under their coverage, Malaysia Airlines (MAS) had bigger exposures to international capacity via its long-haul operations.
“However, it has no revenue exposure at all to African and South African region.
“We still recommend investors to take up Khazanah’s privatisation offer of RM0.27 per share,” said AmResearch in a statement here Thursday.
On AirAsia Bhd, it said there was little risk of a direct impact from the Ebola outbreak towards the airline as its routes were limited by a four-hour flight range.
“Furthermore, we have seen little impact on regional airlines’ share price when news of the outbreak first surfaced in March 2014, given that Ebola was not widespread at this point and is not as contagious as the swine flu and the severe acute respiratory syndrome (SARS) outbreaks which are airborne viruses,” it said.
At 3.10 pm, AirAsia’s share price was flat at RM2.36 with 1.75 million shares while MAS shed half-a-sen to 22.5 sen with 22.58 million lots traded.
AmResearch also maintained a “sell” call on MAS with a target price of RM0.27 and maintained a “hold” call with a target price of RM2.50 on AirAsia Bhd.
— BERNAMA
