According to MAS they won't be involved in the price war against Malindo because MAS will stick to premium segment. Thus, the competition will then be faced by AA and Firefly.
agree with alexgtx, i believe there will be a strategic synergy between MAS (long haul premium), Malindo (short haul,regional), firefly (short haul, low cost) and maswings (rural,domestic, bimp eaga). It will be a complete aviation synergy. Note that MAS passenger growth did not decline (in fact increased) but increased - negative performance was due to operational costs, fuel costs and poor marketing management. So Malindo's main competitor is AA comparing apple for apple (fleet configuration and aircraft type)
•Strong growth in passenger movements. •Liberalization of ASEAN open sky policy. Negatives
•High jet fuel cost. •Yield pressures due to overwhelming capacity growth. Valuation •AirAsia: Maintained Hold with higher TP: RM3.20 (from RM3.14) based on FY14 SOP. •MAS: Maintained Sell with lower TP: RM0.62 (from RM0.88) based on 7.5x FY14 EV/EBITDAR. •MAHB: Maintained Buy with higher TP: RM6.70 (from RM6.60) based on FY14 DCFE.
yeah its expected but not too soon...realistically speaking 1Q13 shld be interesting regarding latest development but 4Q12 is the main thing for now, any insights?
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hatifahs
221 posts
Posted by hatifahs > 2013-01-07 21:57 | Report Abuse
Biasanya 3rd week of feb bos.