Bursa Malaysia Stock Watch
MAS - MAS target price raised to RM2.61
kltrader
Publish date: Fri, 24 Sep 2010, 12:37 PM
kltrader
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Stock Name: MAS
Company Name: MALAYSIAN AIRLINE SYSTEM BHD
Research House: MAYBANK
Maybank upgraded Malaysian Airlines (MAS) on the back of strong air travel recovery and the benefits of new aircraft that are being deployed into the fleet.
Maybank revised MAS recurring net income methodology to account for cash settlement of derivatives, and reduced its 2010 earnings estimates to a RM275 million loss and increased the 2011-12 earnings by 15-193 per cent.
"Our target price is increased to RM2.61, based on 13.4 times 2011 price earnings ratio, a 10 per cent premium to global airlines after taking into account its strong profit growth prospects, Maybank said. - Reuters
Company Name: MALAYSIAN AIRLINE SYSTEM BHD
Research House: MAYBANK
Maybank upgraded Malaysian Airlines (MAS) on the back of strong air travel recovery and the benefits of new aircraft that are being deployed into the fleet.
Maybank revised MAS recurring net income methodology to account for cash settlement of derivatives, and reduced its 2010 earnings estimates to a RM275 million loss and increased the 2011-12 earnings by 15-193 per cent.
"Our target price is increased to RM2.61, based on 13.4 times 2011 price earnings ratio, a 10 per cent premium to global airlines after taking into account its strong profit growth prospects, Maybank said. - Reuters
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