Posted by FatFLOM > 2014-05-13 00:04 | Report Abuse

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.

Posted by FatFLOM > 2014-05-13 00:04 | Report Abuse

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.

Posted by FatFLOM > 2014-05-13 00:05 | Report Abuse

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

Posted by Canonpreview > 2014-05-13 07:09 | Report Abuse

http://www.malaysiakini.com/biz/262235

Posted by Canonpreview > 2014-05-13 07:10 | Report Abuse

target price is 12~3 cent only

Posted by yfchong > 2014-05-13 10:00 | Report Abuse

This one no worry it has the backing of whole country GDP..........

Posted by kheng > 2014-05-13 10:07 | Report Abuse

MAS will only collapse when our country went into bankruptcy. National image is at stake. Gov can revive it easily by just lifting a finger, no sweat at all.

Posted by Investwise > 2014-05-13 11:19 | Report Abuse

where is the miracle?sigh!

Posted by mmtalents > 2014-05-13 18:11 | Report Abuse

this could be the best time, quote the recent article from FORTUNE May 9, 2014 issue, MAS will receive an estimated USD$ 200 mil from it insurance payout, and will sit on its book as "insurance recovery on aircraft loss" that would really offset its profit loss for the quarter?

Posted by valiant > 2014-05-14 00:24 | Report Abuse

Insurance money need to repay the victims family hotels, etc etc...additional claim and also estimated US 60 M search operation using special Submarine and etc... that will bleed until it close down... hopeless company....and the airplanes also very old... how to buy... the management could not do anything... and high paid management does not help at all...

Posted by mmtalents > 2014-05-14 11:34 | Report Abuse

please read the article, it said the insurance payment will be given out immediately once the plane confirmed loss, but compensation to the family might takes years, up to 5-10 years, as it has to based on the finding of the reason why they plane is crashed, plus family might take the fast way out due that time frame and opt for a lower compensation, and I believe the search operation cost is not bear by MAS, it is cost to Malaysia instead.

Posted by Canonpreview > 2014-05-14 11:38 | Report Abuse

do your wonder why the share price always stop there ... means some parties have to support the share price very hard... :) Malaysia boleh ..

Posted by mmtalents > 2014-05-14 15:44 | Report Abuse

lets see if there is a will to really transform it, could end up as PM's ETP report card next year may be.. ha ha

Posted by ryei > 2014-05-14 17:20 | Report Abuse

some parties is using our money to support this crap.. haha

Posted by joeylee2013 > 2014-05-15 00:42 | Report Abuse

(纽约14日电）马来西亚首相拿督斯里纳吉13日在美国《华尔街日报》刊文，承认大马政府在应对MH370客机失联事件上有不足之处。

http://www.nanyang.com/node/620961?tid=772

Posted by Ammar Roshidy > 2014-05-15 09:01 | Report Abuse

As a risk taker, I am still trying to figure out when is the turning point going to come in on the share price. I do not think it will get to RM0.16. asCononpreview says some parties are supporting the share price. But for how long, they must have a budget.

Posted by GiveMeFive > 2014-05-15 09:58 | Report Abuse

Never mind, that's where we have the word "budget deficit" came in very handy :)

Posted by Fortuneball > 2014-05-15 12:27 | Report Abuse

Malaysian Airlines will report first-quarter earnings later today that are set to provide confirmation of just how badly the already loss-making carrier's finances have been hit by the vanishing of flight MH370 on March 8.

Posted by Fortuneball > 2014-05-15 12:28 | Report Abuse

Struggling for years to cope with high costs and nimbler regional and international rivals, Malaysian Airline Systems Bhd's quarterly performance has been made so uncertain by reduced traffic and potential costs linked to the jet's unexplained disappearance that analysts say they simply can't issue January-March estimates.

Posted by Fortuneball > 2014-05-15 12:28 | Report Abuse

The carrier reported a net loss of RM343 million ($106 million) for the last quarter of 2013, squeezed between AirAsia Bhd on short-haul routes, and Gulf carriers and AirAsia X in the medium and long-haul market.

Posted by Fortuneball > 2014-05-15 12:29 | Report Abuse

The first-quarter numbers are expected after the close of trading on the Malaysian stock exchange on Thursday.

Posted by Fortuneball > 2014-05-15 12:29 | Report Abuse

Its worst quarter on record was in October-December 2011, when a series of one-off provisions related to jet deliveries and maintenance pushed it to a RM1.28 billion net loss.

Posted by Fortuneball > 2014-05-15 12:29 | Report Abuse

The airline said last month that passenger numbers dropped sharply after MH370's disappearance, its load factor - or percentage of seats sold - slipping to 74.1 percent, close to January 2013's record monthly low of 73.9 percent.

Posted by Fortuneball > 2014-05-15 12:29 | Report Abuse

Analysts expect the uncertainty over MH370 to continue to deter travellers from using the airline, 69 percent-owned by state investor Khazanah Nasional.

Posted by Fortuneball > 2014-05-15 12:30 | Report Abuse

"If there is new political will to restructure, MAS can be saved from itself, and our forecasts, target price, and perhaps even our recommendation may be raised," CIMB said in a report this week.

Posted by Fortuneball > 2014-05-15 12:30 | Report Abuse

But the brokerage, which has a 'reduce' rating on the shares, said the path forward remains risky.

Posted by Fortuneball > 2014-05-15 12:31 | Report Abuse

Analysts have long urged change at the carrier. As part of a strategic overhaul of the company, MAS is looking to sell a stake in its profitable aircraft maintenance unit, sources told Reuters this week.

Posted by Fortuneball > 2014-05-15 12:31 | Report Abuse

Since last year, MAS has adopted a strategy of lowering fares to try and bolster traffic. Yet hampered by a strong trade union, it has also been unable to slash costs and improve productivity.

Posted by Fortuneball > 2014-05-15 12:31 | Report Abuse

Analysts have argued that bringing in private investment and reducing the role of state investor Khazanah might promote change at the airline, improving competitiveness.

Posted by Fortuneball > 2014-05-15 12:32 | Report Abuse

That prospect appears remote. Khazanah attempted to cut its stake in MAS in 2012, but the airline's main union successfully blocked a share swap deal with AirAsia that would have brought in a profitable airline with experience of competing aggressively.

Posted by Fortuneball > 2014-05-15 12:32 | Report Abuse

"Their operating costs are still so high, they need to relook at the business model," said Kuala Lumpur-based Ang Kok Heng, chief investment officer at Phillip Capital.

"Whatever restructuring they go through, they will have to overcome union opposition which is very difficult to do."

Posted by Fortuneball > 2014-05-15 12:32 | Report Abuse

With no near-term improvement seen, investors including Khazanah may see the value of their holdings further eroded.

Since MH370 disappeared, MAS shares have slumped as much as 20 percent.

Posted by Fortuneball > 2014-05-15 12:33 | Report Abuse

Its market value has tumbled about 80 percent over the past five years, while the broader Malaysian market has risen about 80 percent.

- Reuters

Posted by Fortuneball > 2014-05-15 12:34 | Report Abuse

Million miles apart from my Singapore Airlines, world's best airline

Posted by DaitoRyu > 2014-05-15 12:35 | Report Abuse

Run.
http://www.reuters.com/article/2014/05/15/malay-airline-results-idUSL3N0O10TO20140515

Posted by Mike Y > 2014-05-15 14:00 |

Post removed.Why?

Posted by tokemas > 2014-05-15 14:54 | Report Abuse

Tahun ini MAS pasti ala untung coz Obama sudah kasi donation.maybe many2 lagi kasi donation.ini saham bagus kasi beli.Mongolia punya toke pun mau beli in company tapi itu Najib blum kasi jual.

Posted by GiveMeFive > 2014-05-15 15:34 | Report Abuse

Malaysian Airlines will report first-quarter earnings later today ..........

http://www.nst.com.my/business/latest/mas-earnings-to-show-burden-of-mh370-loss-1.597568

hope better than what those analysts expected :)

Posted by mmtalents > 2014-05-15 17:32 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1622593

Posted by mmtalents > 2014-05-15 17:33 | Report Abuse

-400+ mil

Posted by yktay1 > 2014-05-15 17:41 | Report Abuse

Divide the quarterly loss by malaysia's population of 30mil, each one of us can get RM13.

Posted by Steven Yong > 2014-05-15 18:17 | Report Abuse

Seems like strong support at 0.20

Posted by DaitoRyu > 2014-05-15 21:43 | Report Abuse

Yep, lets see if it will hold,I don't think it would take too much to tip it over.

Posted by Tornado > 2014-05-15 21:55 | Report Abuse

0.14~0.16 sen TP is imminent

Posted by Tornado > 2014-05-15 21:56 | Report Abuse

The only way to save the airline is to privatise

Posted by kkanagasg > 2014-05-16 00:06 | Report Abuse

Dissolve the union

Posted by zylkron > 2014-05-16 01:04 | Report Abuse

it doesnt need to privatise and it wont go bankrupt :p. Big brother petronas will make sure he strives no matter how bad he is doing :P

Posted by Ring > 2014-05-16 08:16 | Report Abuse

Our union is affiliated to world body n dont forget ours is a democratic country n you cannot just dissolve the Union. One way is VSS again involves money n reduce the manpower n retain productive employees. If the employees "common sense" which means if they love their families should work very hard to save the company n their jobs gets protected. Asking Govt to save them when they are lazy n unproductive nobody can save them n god also got no time for lazy ppl.

Posted by sslim > 2014-05-16 08:20 | Report Abuse

Mas already start doing save cost way,.,, like cut engineering budget,may be will sell.. and plan to reduce employee, i think next Q result will get better. any comment??

Posted by Yong Chun Wah > 2014-05-16 08:20 | Report Abuse

Once the corp restructuring has been announced by month end, another round of goreng ... mas current price =netasset per share=21sen... around this level pending the announcement. It may even rise for those positive expectations from the announcement.