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Asia Analyst Focus List
Remove Spicejet Ltd as Long
• Action: Remove Spicejet Ltd as Long
• Trade: Absolute
• Time Horizon: 6-12 months
• Rationale: SJET has corrected almost 50% over the last 3-4 months due
to increasing worries on rising oil prices. Although passenger traffic and
yields remain healthy, rising fuel costs remain key concern. JPM Global
Commodities team forecast Brent Crude prices at US$104/bbl for CY11
and US$110/bbl for CY12; indicating current high prices are expected to
come down. However, with continuing tensions in the Middle East, oil
prices are expected to remain volatile over the next few months, which
might impact the sentiment on the stock. Hence, we remove the stock
from AFL.
• We reiterate our rating of Overweight for Spicejet Ltd.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Asia Analyst Focus List
Remove Spicejet Ltd as Long
• Action: Remove Spicejet Ltd as Long
• Trade: Absolute
• Time Horizon: 6-12 months
• Rationale: SJET has corrected almost 50% over the last 3-4 months due
to increasing worries on rising oil prices. Although passenger traffic and
yields remain healthy, rising fuel costs remain key concern. JPM Global
Commodities team forecast Brent Crude prices at US$104/bbl for CY11
and US$110/bbl for CY12; indicating current high prices are expected to
come down. However, with continuing tensions in the Middle East, oil
prices are expected to remain volatile over the next few months, which
might impact the sentiment on the stock. Hence, we remove the stock
from AFL.
• We reiterate our rating of Overweight for Spicejet Ltd.
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