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 MAS, under value?

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netmask8
post Jun 16 2013, 09:48 AM

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Personal Experience = Very subjective topic, but prefer SAFETY and Service as my priority.

I took Cathay Flight from San Francisco to HK = good as in business class, but HK to KL
= bad ( air stewardness scold client even the client is in business class).
Took Air Asia from KL to Kuala Trengganu and LCCT - Langkawi = ordinary(stewardness not cheerful)
Took MAS from KL to Penang, KL to Shanghai = slight better than ordinary in term of safety and service.
FYI, Air Asia and MAS were more conformtable and better in term of Safety and Service if u compared
USA's local United Airlines.. IMO, MAS is still slightly above average league (5-Star).. Very personal subjective experience.

With MAS 30 cents in stock price, is it a good value stock to invest? Will MAS survive in airline industry.
netmask8
post Nov 18 2013, 02:13 PM

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QUOTE(davinz18 @ Nov 14 2013, 09:51 PM)
good, they better do it faster.  loss-making company, wasting tax-payer money only  vmad.gif
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Loss making company? This coming qrtr MAS turn-around and income will be passive..
Unlike AA, whereby got huge debts buying few hundred aircrafts in budget line..
Bought many airplane got the huge demands? EVen it is profitable, but its long term debts
plus interest will be a survival question?
netmask8
post Nov 19 2013, 02:18 PM

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QUOTE(cherroy @ Nov 18 2013, 06:28 PM)
Airasia borrowing from the latest Q report
current + non-current borrowing = 800 mil + 8 bil = 8.8 bil

MAS borrowing from the lastest Q
current + non-current borrowing = 1.6 bil +10 bil = 11.6 bil

So please post something which is a fact that can be easily obtained. Ty.
This is a stock market section, so everything is about issue of the company financial. Ty.
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In long-term survival, AA debts are HUGE and financial ratios might affect credit ratings..

In year 2011, ordered new 200 Airbus A320neo cost USD 18.5 Billions.
That year, AA ordered already reaches 375 Airbus and 89 A320s have been delivered.
AA ordered 100 A320s for usd 9.3 billion in December 2012.. Can survive and good prospect in aviation industry?
If good BUSINESS, rclxub.gif WHY lease these aircrafts to Saudi Arabian Airlines ? cry.gif

Source # 1
Source # 2
Source # 3
Source # 4
Source # 5
Source # 6 Lease
Take note the currency and interest rate are in US Dollar, not MYR ..

This post has been edited by netmask8: Nov 19 2013, 02:37 PM
netmask8
post Nov 19 2013, 02:36 PM

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QUOTE(gark @ Nov 19 2013, 02:26 PM)
IF I am a company which can PROFIT (after interest expenses) from every additional plane I own, does it makes sense to add as much plane as I can? Of coarse, every additional plane makes me EARN more.

On the other hand ...

IF I am a company which can LOSE MONEY (after interest expenses) from every additional plane I own, why should I add more? Every additional plane makes me LOSE more, in fact I should own LESS planes to reduce my losses.

See the difference? You got to think on the business side of things.. not all debt is bad, debt that enables you to increase your profit is always a good debt.

Not necessary all big debts are bad, if your PROFIT can easily service your debt interest (commonly known as interest cover ratio), that debt cease to be come a problem even if the total debt is huge.

On the other hand.. even with relatively small debt, and you cannot earn enough to service your interest, sooner or later you will default.  wink.gif
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I understood business terms, But in post # 448 , I'm talking the debts were huge and survival in long term is a question mark?

MAS = LOSE MONEY could be depreciation of old aircrafts .. Not necessary due to poor mgmt. or other factors..
netmask8
post Nov 19 2013, 03:24 PM

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QUOTE(cherroy @ Nov 19 2013, 02:48 PM)
Even before taking into account of depreciation issue.
From the 3rd report
Operating revenue = 3.782 bil
Operating expenses = 3.853 bil.

Without taking into depreciation issue, already a loss to start with.

Had said many time, if want to have a turn around, revenue must more than expenses.
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You need to make correction here per yr above statement :-
The depreciation and amortization was rm 228 M ..

SOURCE
IMHO, AA will foresee SIMILIAR depreciation value with many aircrafts too and survival in long-term is a question mark too.

MAS current assets = 7.4B and non-current assets = 15.3B and cash/cash equivalents as at 30th Sept = 5.3B
SOURCE


This post has been edited by netmask8: Nov 19 2013, 03:38 PM
netmask8
post Nov 19 2013, 10:11 PM

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QUOTE(cherroy @ Nov 19 2013, 03:51 PM)
There is nothing to be proud of having 5.3 cash.
3 billion was raised from right issue this year.
1.5 billion was raised last year through perpetual sukuk.

With more loss after loss every Q, soon or later those money can be drained one.

The more you dig, the more ugly scene can be
Current asset 7.4B.
But with current liabilities 8.2 bil.

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The more you talk abt right issues and perpetual Sukuk, the much better for MAS.. thumbup.gif

Money raised from Right Issue / Perpetual Sukuk were taken from the private fund manager/public/Asset Mgmt/bond holders etc
WITHOUT involving rakyat money /GOVT $$$.. rclxm9.gif

Meaning that these private fund mgr/Public/Asset Mgmt company/
bond holders STILL HAVE CONFIDENCE and PUT Their $$$ to the right issue/perpetual SUKUK..
Otherwise, why these ppls/Org/Company put their $$$ and jump into these right issues/perpetual Sukuk ?

This post has been edited by netmask8: Nov 19 2013, 10:20 PM
netmask8
post Nov 19 2013, 11:02 PM

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QUOTE(CP88 @ Nov 19 2013, 10:38 PM)
Even our minister despise MAS  rclxub.gif

MAS unsuitable for PM's official visits, says Shahidan Kassim

Our ministers are really top-class. Higher cost will incur if fly in commercial class. RM182 million is very low is it? Seriously a waste of people's money.  There is something we called business class.
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Which country's PM /President or KING using commercial airlines? doh.gif You will use yr entitlements per yr job and elected leaders if u become one of them.
Do you have the list of the country PM/President/KING by doing similiar ? Same as why Penang need 3rd Bridge while already have 2 bridges? S'pore
only got 2 bridges, ppls/LYN members like to compare with S'pore..Create new bridge project by state head, later Got lubang opportunity, all his members happy too and he survive in party election. Do you know how much does it cost for the 3rd bridge? How to fund? Sell state lands? Why gave the project to oversea company? Outflow of RM.. Will 3rd bridge similiar to Waste of Ppls Money ?

This post has been edited by netmask8: Nov 19 2013, 11:21 PM
netmask8
post Nov 19 2013, 11:34 PM

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QUOTE(super911 @ Nov 19 2013, 11:19 PM)
When MAS call for right issues, do you know who is the biggest subscriber?
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All the owners may subcribe or ignore the right issues or sell the shares.
do you have the list of the MAS major owners ? Is all the owners subscribe to the right issues?
Or u heard it from FB thru LIKE/SHARE ? doh.gif
netmask8
post Nov 20 2013, 08:58 AM

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QUOTE(tohff7 @ Nov 20 2013, 08:46 AM)
Khazanah is the major shareholder and continue to pour money into MAS. Khazanah is not rakyat money?

KWAP subscribe to the perpetual sukuk. KWAP is not rakyat money?
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All the owners may 1) subscribe or 2) ignore the right issues and do nothing abt it or 3)sell the shares.
ARE all the owners subscribe to the right issues? How u know KWAP subscribed to the perpetual sukuk ? rclxub.gif

Khazanah is the ONE of the major shareholder and may not subscribe to the right issue.. Other private Asset Mgmt/Fund Mgr may contribute to it ? MAS got many investors and owners.. Do u know how many percentage ( % ) owned by Govt and how many OWNED by private fund mgr/Asset Mgmt/public ..etc? So, please dun jump into "own conclusion" to syok "sendiri" doh.gif .. Get yr information right with right source or attach /link the websites, ok?

This post has been edited by netmask8: Nov 20 2013, 09:05 AM
netmask8
post Feb 23 2014, 12:36 PM

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MAS Service + Security/Safety flight are much much better than AA .. In some route, MAS flights were cheaper.

If MAS goes bankrupt, AA will be most beneficial and gain.. And now, Tony/AA plays war of word on this..
He should "jaga kain sendiri" instead of critizise MAS .. He relocated AA HQ to Indo to have better cost,
but did not provide employment to local ppls. He should worry how to fund and pay interest rate for AA's
expansion 300 fleets which is in big sum of cost and how improve AA services/safety..
Any wrong-doing, AA will not be survived with big purchase of fleets. Heard many feedbacks abt
AA's service, cancel flight without notice, hidden charges, cool + proud flight attendants ..etc
Low cost budget pay its price and would you want to compromise it for yr holiday/business plan?

This post has been edited by netmask8: Feb 23 2014, 12:46 PM
netmask8
post Mar 3 2014, 02:40 PM

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QUOTE(meistsh_musical @ Feb 25 2014, 07:59 PM)
u guy really follow this bankrupt share???

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No.. Cannot let MAS bankrupt.. Otherwise, AA will monopoly, increase the flight price, hidden unknown
charges/insurance/seat picker and dominate the local/intl route which previously held by MAS..
Are Consumer willing to pay higher price by flying in budget airlines ?? Let MAS slash the price, compete premium
service against budget service, and reduce more cost(salary, ppls, compensation + benefits, contracts signed ..etc)
Got competition in airlines = good for consumer in selecting airlines choice + needs.

This post has been edited by netmask8: Mar 3 2014, 02:43 PM
netmask8
post Mar 8 2014, 09:57 AM

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QUOTE(Pink Spider @ Mar 8 2014, 09:08 AM)
http://www.bbc.com/news/world-asia-26492748
Malaysia Airlines 'loses contact with plane'

"Good" news for Monday trade brows.gif
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Search and Rescue operation are in place .. You should pray for safety of the ppls.. doh.gif

This post has been edited by netmask8: Mar 8 2014, 09:58 AM
netmask8
post May 19 2014, 11:32 AM

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if MAS bankrupt, common share/stockholders in Bursa Trading will lose all.. All the MAS debts goes into drain?
But, preferred shareholders (BOND Holders) will gain everything the assets.. Not the liabilities .. The
current / quick ratio is not healthy. Do you know who are the major BONDHolders / preferred shareholders?
The bondholders wants to Re-listing of MAS in Bursa again, but different mgmt, contracts, staffs,
some existing and new owners, new mission/vision ..etc. with new IPO / capitalization size of new common shares..
netmask8
post May 27 2014, 03:37 PM

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Raise 4.15B from listing IPO of profitable divisions and selling stakes in two aviation businesses.
MAS Price is up ? hmm.gif

Source
netmask8
post Jul 2 2014, 11:49 PM

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MAS Privatization???
netmask8
post Jul 18 2014, 12:15 AM

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BOEING 777 MH17
netmask8
post Aug 26 2014, 08:45 AM

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MAS cut 25 percentage of the workforces???
netmask8
post Aug 28 2014, 10:25 PM

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MAS UPDATES
netmask8
post Dec 10 2014, 10:42 PM

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Local Mgmt / CEO of MAS also critic , now appointed a proven record in UK airline
Mat Salleh as a CEO, local ppls also critic.. Apa you mahu lagi ? doh.gif You become the CEO .. hmm.gif

Same to oil flexi float price scenario.. Very hard to "Satisfy" everyone .. whistling.gif
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