It's the perfect time to buy Garuda shares: Credit Suisse analyst

Jakarta

FOR Indonesia's national carrier, 2015 has been a year to forget. Shares of PT Garuda Indonesia are heading for their biggest-ever annual drop, overseas debt costs are rising and flights have been disrupted by forest fires and an erupting volcano.

Timothy Ross, a top-ranked airline analyst at Credit Suisse Group AG, says this is the perfect time to buy.

The impact of ash clouds from Mount Rinjani and haze from burning peat forests is temporary, according to Mr Ross, the most accurate analyst for at least four Asian airline stocks tracked by Bloomberg, including Garuda. Bears who dragged down the stock by 45 per cent this year are looking past Garuda's market-share g…