Bursa Malaysia Stock Watch

Malaysia Airline System: Maintain Hold - 4Q11: Brace for a hard landing

kltrader
Publish date: Fri, 10 Feb 2012, 05:51 PM
kltrader
0 20,407
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Yields, fuel and slow motivation. 4Q11 is expected to be severely loss-making due to the impact of a 38% higher fuel price YoY and a weak yield environment. We have been monitoring MAS' fares and notice that it is lower than those of competitors by a wide margin. We maintain our Hold call with a target price of RM1.55, pegged to 6.6x 2012 adjusted EV/EBITDAR - on par with Asia Pacific airline peers.


Maybank Research 10 Feb 2012

Click here for full report
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 2 of 2 comments

Jake

Buy on dips...AirAsia!

2012-02-10 21:39

wanapit

waiting giga new from MAS...

2012-02-10 23:29

Post a Comment