Half of Pohuat's operation is in Vietnam la, nincompoop

and the volume spells bad sign

2.88 liao

2.70

Vietnamese workers attacking Latitude's factory because of of dissatisfaction between China communist and vietnamese ideology

Vietnam impact inflicting wound in the shares price of Latitude

Look at Pohuat, same thing happened

Vietnam impact inflicting wound in the shares price

wow, 2.90 now

continue down trend

Now you can, it is going down now at 2.99, low of the day (for the time being)

No volume and it is going down

To harp on PDZ becoming another success story of AirAsia, I better try my luck at casino or empat ekor

Those at PMB or Mara for that matter is no match for a Tony Fernandize.

2/3 of latitude revenue comes from Vietnam. If the news is true, expect 10% (?) drop in shares price

Moody’s Investors Services sees Genting Bhd’s proposed casino project in Las Vegas, Nevada as credit negative because it would further increase the group’s capital expenditure (capex) over the next two years.

M'sia Boleh mah

No one bother to even write here

Shares price going nowhere for now

Bankers say without the government’s support for the airline, no one is even keen to talk about financing for MAS.

Second-tier carriers like MAS usually have to pay up to 200 basis points on average above LIBOR in aircraft financing deals versus 150 basis points for top-tier names like Singapore Airlines Ltd. Banks are now requiring MAS to pay a higher premium, the source said.

A source at a north-east Asian bank said MAS’s overall financing support had weakened since the MH370 incident, but it was still not offering higher pricing for aircraft financing and thus finding it tough to line up lenders.

MAS had been waiting for government approval to place a multi-billion dollar order for up to 100 Airbus and Boeing aircraft, sources told Reuters in February, as it looks to retire its older, less fuel-efficient jets.

A second banking source familiar with the discussions said the airline needs a plan to restore profitability. “They are now losing money more than before. Not only is the brand beginning
to get hurt, but the government is also losing patience.”

In the year ending December 2013, MAS’s losses widened nearly three times to RM1.17 billion (US$362 million) from a year ago.

The shares have lost as much as 20 percent since MH370 went missing. It is down about 80 over the past five years, while the broader Malaysian index has surged by about 80 percent over the same period.

Despite the most intensive air, sea and underwater search in commercial aviation history, no trace of flight MH370 has been found since it vanished on a regularly scheduled flight from Kuala Lumpur to Beijing. The airline’s load factor, a measure of occupancy, fell year on year in March, potentially in response to the incident.

A spokesperson from Khazanah declined comment while CIMB was not immediately available to comment. Officials from MAS and the Transport Ministry did not offer any immediate comment when contacted by Reuters for the story.

Officials from MAS, Malaysia’s Transport Ministry and Khazanah are involved in the informal talks with a handful of banks including CIMB Group Holdings Bhd, sources said.

In a resarch report in April, MayBank Investment Bank Bhd highlighted MAS Engineering as the biggest profitable business unit in MAS, valuing it at RM2 billion (US$619 million).

“The next step will be to kick off a formal auction process for the engineering unit. They wanted to cut down the stake for many years, but from all the other options now, this might be one of the easier things to do,” the banking source said.

MAS aimed to break even this year after three years of red ink, but analysts expect losses to widen as the airline cuts fares to spur demand shaken by the disappearance of its MH370 flight over the Indian Ocean. It was already facing stiff competition from AirAsia Bhd on local and short-haul routes and from AirAsia X and Gulf carriers in the medium and long-haul market.

“The most imminent move looks to be on the engineering business, an IPO or trade sale,” said the source, who declined to be identified as the talks are private.

“They are sending all these feelers to banks to try and test the waters,” said a banking source familiar with the situation.

Even before the loss of its flight MH370 from Kuala Lumpur to Beijing on March 8 there was talk that loss-making MAS might need a financial rescue from state investor Khazanah Nasional Bhd, which owns 69 percent of the company.

REUTERS :

Malaysian Airline System Bhd (MAS) and its key stakeholders are in talks with banks for a strategic overhaul that could include the partial sale of its engineering unit and an upgrade of its ageing fleet, sources involved in the discussions said.

Nothing major forthcoming in the next month or so

Good week ahead according to RHB, especially small caps like Hevea

On the way to holland

On the way to Holland liao

Why quarrel over a penny stock like this?

If what Naughtygirl said holds water, then hevea will be heading to RM 2 soon

Posted by WY Chan > Apr 28, 2014 10:00 AM | Report Abuse
Different people have different risk level... if chicken just sell it... what is to quack about n make a big fuss to ask n convince other to sell...
Another classic example of 不听老人言，吃亏在眼前

Posted by craptree > May 3, 2014 09:37 AM | Report Abuse
naughtygirl... there is casualties of war in both side... all the post has been remove... not only one side...
why not sit back and relaks for one month... and pick the fruits when it is ripe...

@@@look very familiar
The new craptree is also known as the now-banned WY Chan

...can be better next week

Latitude's quarterly result and today shares performance may be good but Hevea sure beat it

Stock: [LATITUD]: LATITUDE TREE HOLDINGS BHD
Dec 24, 2013 11:09 AM | Report Abuse
$5 is possible, in similar fashion as Dsonic. First - Latitudes payout $0.10 interim div in Feb 2014 if it makes $0.15 per share in this quarter . Second - big punters quietly arranged with major shareholders not to sell and whack the price to $6/- Third: announce stock split 2 to 1 or even higher split ratio citing improvement of liquidity. Then we in this forum unload at $6 or above.

<===> struggling to even breach $3 for the past 4-5 months, Dsnoic also almost went limit down. Latitude probably already dropped inside toilet bowl

Dividend annouced, so what? Price and vol keep dropping

I have my reservation, seriously

Today is only T+2 on the big volume. The mood is cautious to negative in line to market sentiments

The wheels of history keep repeating itself. After Tan KS, come Repco L, Kenneth V, and now CHL, CBL, and the list goes on ...