Malaysian Airlines; Fully Valued; RM0.72
Price target: RM0.65 (Prev: RM0.90); MAS MK

Difficult times ahead Expect jet fuel price of US$131/bbl and US$135/bbl in FY13F and FY14F respectively. RM3.1bn rights issue will dilute shareholder interest by 60% based on issuance at RM0.60.
Maintain FULLY VALUED with RM0.65 TP.

HwangDBS Research

the competition & higher jet fuel will hurt earnings.

Syed Mokthar again? How many company he want to buy. KTMB also want, now MAS. Next? M'sia Airport?

Malaysia Airlines reports net income after tax of RM51m in Q4

Malaysia Airlines (MAS) reported net income after tax (NIAT) of RM51mil for the fourth quarter ended Dec 31, 2012 compared with net loss of RM1.3bil a year ago.

MAS said for FY2012, its net loss of tax narrowed sharply to RM433mil from a net loss of RM2.52bil in FY2011.

"Without the one-off provisions amounting to RM1.09bil recorded in Q4, 2011, NIAT for the fourth quarter 2012 registered an improvement of RM233mil. For the full year 2012, there was an improvement in the results of RM1bil," it said.

Not bad

High foreign exchange loss & higher finance cost from last year

another bailout

This post has been edited by davinz18: May 29 2013, 06:50 PM

When KLIA2 start operation, you can kiss MAS goodbye

MAS to add more fuel-efficient A380 superjumbos to assist its turnaround

Malaysian Airline System Bhd (MAS) plans to add more Airbus SAS superjumbos to its fleet as modern, fuel-efficient aircraft will assist a turnaround from two consecutive years of losses.

The flag carrier, which has six A380s, may order “a few more” double-decker planes, group chief executive officer Ahmad Jauhari Yahya said in an interview in Kuala Lumpur yesterday. MAS would arrive at a decision by the year-end, he said.

Jauhari needs new aircraft to cut fuel expenses, the airline's biggest cost at 37%, end losses and take on competition from Singapore Airlines Ltd (SIA), which also boosted its A380 orders last year.

Airbus got nine orders for the superjumbo last year against a target of 30. In January, the planemaker said it aimed to win 25 A380 sales this year.

“The A380s have been successful with passenger load factor of above 80%, sometimes even full load,” Jauhari said. “We have been flying the A380s aggressively, 17 hours a day.”

Not interested on buying MAS.

IF Firefly get listed (heard got plans for IPO), I may buy it depend on pricing

More MAS KL-Sydney flights to meet demand

Malaysia Airlines will increase its double daily operations from Sydney with an addition of four services a week,
totalling up to 18 flights a week from November 21.

Thereafter, the airline will mount its triple daily services between Sydney and Kuala Lumpur from February 5.

Starting from November 22, Malaysia Airlines flight MH142 will depart Sydney every Tuesday, Wednesday, Thursday and Friday at 8.50am and will arrive in Kuala Lumpur at 2.15pm the same day.

The return flight, MH143 will depart Kuala Lumpur every Monday, Tuesday, Wednesday and Thursday at 7.30pm and will arrive in Sydney at 6.25am the following day, the airline said in a statement.

Read more: More MAS KL-Sydney flights to meet demand http://www.btimes.com.my/Current_News/BTIM...l#ixzz2d9jWGdwH

today closing price 0.315

you got logical point there

Closed at 0.325

MAS-AirAsia infringed Competition Act, fined RM10mil each

The Malaysian Competition Commission (MyCC), which ensures healthy competition in the Malaysian market, has ruled in its proposed decision that Malaysian Airline and AirAsia’s 2011 collaboration agreement violated the Competition Act 2010, and fined each company RM10mil.

“The MyCC has found both airlines have infringed section 4(2)(b) of the Competition Act by entering into an agreement that has as its objective the sharing of markets in the air transport services sector within Malaysia provided by both airlines,” the MyCC said in its press statement on Friday.

“Market sharing is considered a serious infringement under the act as it is deemed to have the object of significantly preventing, restricting, or distorting competition in any market for goods and services,” MYCC chairman, Tan Sri Siti Norma Yaakob.

“When businesses agree to share markets, they are agreeing to stop competing at the expense of the consumers,” she stressed.

According to the commission’s proposed decision, the financial penalties imposed on both MAS and AirAsia was on the basis of turnover earned between Jan 1, 2012 and Apr 30, 2012 from the following routes: KL-Kuching, KL-Kota Kinabalu, KL-Sandakan, and KL-Sibu.

It said both parties have 30 days from the date the proposed decision is served to submit written representations or indicate their wishes to make oral representations before the MyCC.

MAS aircaft crashes in Sabah

Malaysian Airline System Bhd (MAS) has confirmed that its aircraft operating from Kota Kinabalu to Kudat, Sabah was involved in a crash at 2.50pm today.

In a statement, the national airline said its MASwings’ Twin Otter aircraft under flight MH3002 landed short of the runway in Kudat.

"No reported fatalities as of now. Focus of the airline is on the rescue of passengers and crew."

"Malaysian Airlines will continue to monitor the situation at the crash site and update on the situation," MAS said.

Meanwhile, Bernama reported that two people were seriously injured after a commercial aircraft carrying 16 people including the pilot, crashed in Kampung Sinsan, Kudat.

The report had quoted Sabah Fire and Rescue Department public relations officer Mohd Affendy Ramin as saying the cause of the crash is under investigation.

"We received an emergency call at 2.54pm and a rescue team consisting of 11 personnel were at the scene in 21 minutes."

"All 16 people on board were brought out of the plane and sent to the Kudat Hospital for medical examination," Mohd Affendy Ramin said.

Malaysia Boleh

I hope your wish comes true

MAS appoints Nadziruddin as new CFO

Malaysian Airline System Bhd (MAS) has appointed Mohd Nadziruddin Mohd Basri as its new chief financial officer, effective Nov 1.

Nadziruddin, 45, is currently the managing director of Khazanah Nasional’s unit Destination Resorts and Hotels Sdn Bhd, and was also a former executive director of investments at Khazanah.

Prior to that, he was Khazanah’s chief financial officer.

Before joining Khazanah, he served MAS as the senior general manager of airport operations.

good, they better do it faster. loss-making company, wasting tax-payer money only