i believe this counter will fly in future. MAS is like Proton, is impossible to FAILED. Anyhow, govt will come out rescue if they are in financial distress.
Let's see, few years back, Proton had financial distress and dropped to around RM 1.80 per share. After that, DRB Hicom bought Proton shares at RM 5.50. At last, winners is retails investors.
JULY 18, 2013 The Malaysia Airlines System Employees Union (Maseu) has called on the government to intervene in the administration of Malaysia Airlines System (MAS) by appointing new leaders in the airline industry to head the national airline.
Maseu executive secretary Mohd Jabarullah Abdul Kadir said various internal problems, including the huge loss of RM2.52 billion suffered by MAS in 2011, have damaged the reputation of the country's pioneer airline.
"As a union under MAS, we are worried and cannot bear to see this development," he told a media conference at Maseu office in Subang Jaya, Petaling Jaya today.
He said many parties unclear of the crisis weighing on MAS have blamed its employees and the union for all the problems, including financial losses.
"We want a management which can put up the best strategy for MAS...as it is now, we do not see anything major in MAS. As such, MAS needs to get a knowledgeable leadership in the business," said Mohd Jabarullah.
Meanwhile, Maseu secretary-general Ab Malek Ariff said the union, which represents 15,000 MAS employees, appealed to the government to give serious attention to the issue of appointing a new management.
The MAS management issue cropped up when there were talks of merging the company with low-cost carrier AirAsia, but the move was cancelled following protest by various parties. – Bernama, July 18, 2013
do not be mislead by big vols..this r the Bank/Inv Bk/Broking in house dealers..churning for 0.5-1 ct trading profit everyday...that's why its also stuck at this tight range..
depends on yur volume..how much can u buy n sell;do the maths on the $amt needed..make sure u hv the back up capital to pick up when u cannot contra..there are bloggers who make a living out of trading for 1 ct profits..check them out..
hakeyila what are U doing on this forum? wasting time if you have no interest at all. winners and losers there will be daily,... this is what stock market is about, otherwise all winners who loses the dollars?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
davors
889 posts
Posted by davors > 2013-07-17 08:30 | Report Abuse
very little downside?
it is definately not impossible to go lower... when japanese airline JAL tumbled to single digit 2010 (2009 still about 200yee)... which then filed for bankruptcy and delisting...
http://www.reuters.com/article/2010/01/13/jal-shares-idUSTOE60C02M20100113
lain kata lah if you have insider news... :)