MAS - Suspension, Why do you think it get suspended?
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 Jun 14 2009, 10:26 AM
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#1
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Senior Member
572 posts Joined: Sep 2007 
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QUOTE(IGax2000 @ Jun 14 2009, 01:00 AM) what to worry, mas still got big boss behind it. Capital Injection it's ridiculous cuz WE the tax payer is the boss!!   Method 1 - Use Khazanah Sukuk bond investor money Method 2 - Use EPF people money |
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Jun 14 2009, 10:54 AM
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#2
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Senior Member
572 posts Joined: Sep 2007
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QUOTE(danmooncake @ Jun 14 2009, 10:40 AM) Honestly, do we really want the govt to bail out MAS? No! No!! No!!!, EPF already invested too much in MAS , die die also must save MASWhy do we need the govt to be in the airline business? What's the purpose? They should not have nationalise MAS.. now it is like a pet project, same like Proton. Continue to suck and drain the tax payers money.  The govt can provide a one time help.. but that's it. It needs to walk on its own. No more bail out! If it fails, it fails! Let other Airlines take over, give those lucrative routes to AirAsia instead since they're doing a wonderful job of expanding and minimize cost for everyone. if god willing EPF will recover all the money next year Added on June 14, 2009, 10:57 am QUOTE(Kinitos @ Jun 14 2009, 10:54 AM) No! No!! No!!!, EPF already invested too much in MAS , die die also must save and defend MAS This post has been edited by Kinitos: Jun 14 2009, 10:57 AMif god willing EPF will recover all the money next year a little patience is better than total LOSS |
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Jun 14 2009, 11:14 AM
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#3
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Senior Member
572 posts Joined: Sep 2007
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MAS can always sell the 6 billion $100 fuel hedge to Petronas owned by Khazanah and again buy another 20 billion more $60 forward crude oil and jet fuel derivatives from Goldman gang, second time won't kena tipu again wah... |
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Jun 14 2009, 01:09 PM
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#4
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Senior Member
572 posts Joined: Sep 2007
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QUOTE(elhh82 @ Jun 14 2009, 11:58 AM) If they've written down the losses of the Hedge at $70, wouldn't they be able to say Profit the next quarter, if the fuel hits $80? It doesn't have to go up to $100, just higher than the number they wrote down the loss at. Right? That's from P&L view.I'm not saying this in support of MAS, in fact i think MAS is a pretty good airline, but is a shitty company and a shitty counter. On cash flow side, since the forward contract are still in force, MAS is still liable to take and pay for delivery of contractual quantities of fuel at prices above current market. Unless MAS choose to default on those contracts. Then all traders will be complaining "Janji orang malaysia langsung tak boleh harap" |
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Jun 14 2009, 09:58 PM
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#5
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Senior Member
572 posts Joined: Sep 2007
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Can you suggest a good strategy to hedge 12 - 48 months ahead as in MAS case.
Note:It's MAS policy to hedge 80% of fuel requirement. "The CEO will be replaced!" We proposed Ahmad Badahwi can? |
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Jun 15 2009, 07:47 AM
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#6
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Senior Member
572 posts Joined: Sep 2007
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MAS loss money on all 3 derivatives
Fuel loss = 10 bil. (did MAS really believe oil will hit US$200?) Interest rate loss = 2.2 bil Foreign exchange loss = 2.7 bil It seems the fuel derivatives loss 7.6 bil already happen in 2007 |
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Jun 15 2009, 03:43 PM
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#7
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Senior Member
572 posts Joined: Sep 2007
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Taken from MAS 2005 Annual Report
<<<<< As at 31 December 2005, the Group and the Company have entered into various fuel hedging transactions from 1 January 2006 to 31 December 2007 in several lots totalling 13,635,000 (31.3.2005: 5,445,000) barrels. The cumulative estimated proceeds from hedging of marked to market value on the existing fuel hedging position (from 1 January 2006 to 31 December 2007) stands at RM350,707,890 (31.3.2005: RM240,471,000). >>>>> |
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