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Macquarie cuts AirAsia's price estimate Posted: 21 Sep 2011 07:05 PM PDT AirAsia Bhd, Asia's biggest budget carrier, fell to its lowest level in more than three months after Macquarie Group Ltd cut its share price estimate to RM4.15 from RM4.44. The stock slid 3.8 percent to RM3.04 at 9:51 a.m. local time in Kuala Lumpur trading, set for its lowest close since June 6. -- Bloomberg
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Sime snaps 2-day gain on downgrade Posted: 21 Sep 2011 07:06 PM PDT Sime Darby Bhd, a Malaysian plantation and industrial group, fell after the stock was cut to "neutral" from 'outperform'' at Macquarie Group Ltd. The stock slid 1.2 percent to RM8.14 at 9:37 a.m. local time in Kuala Lumpur trading, snapping a two-day gain. -- Bloomberg
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