The shark still cuti. If they come back, the price will be pressed down to 30.5 or 30. Everyday trading few millions shares. Half a sen also a lot of profit. That's the way people make money. If you can't hold, find a proper window to offload it. But I personally think you should wait for it. :))
guess some people make money trading million units for just a half 1/2 cent gain. These can't be ordinary people..sigh. It's not a question of cannot hold, it's damn boring!!
KUALA LUMPUR: Malaysian Airline System Bhd (MAS) should not be sold at a loss, says Minister in the Prime Minister's Department Datuk Seri Idris Jala.
The former managing director and CEO of MAS in December 2005, said on Tuesday there should not be a fire sale of the national carrier.
Idris, who is also head of Pemandu, said MAS should have been sold when he was there when the share price rose to about RM6.
MAS posted 10 consecutive quarterly profits during his tenure as the CEO between 2006 and 2008.
(The share price has since been adjusted following several corporate exercises including two rights issue).
Idris also said over time, the Malaysian Government should reduce a lot of its stakes.
Khazanah Nasional Bhd is the single largest shareholder in MAS with 69.37% or 11.59 billion shares while the Employees Provident Fund has a 1.04% or 174.21 million shares.
MAS should be sold but not at a loss, says Idris Jala
BY RANJIT SINGH AUGUST 13, 2013 LATEST UPDATE: AUGUST 13, 2013 02:15 PM
Putrajaya should consider selling flag carrier Malaysian Airlines System Bhd (MAS) but not at a loss, its former boss Datuk Seri Idris Jala (pic) said today.
The Minister in the Prime Minister's Department said MAS was trading at RM6.00 when he was at the helm but currently the share price of the compay has tanked to 30 sen.
The government's state asset manager Khazanah Nasional Bhd is the majority owner of MAS, which has posted losses for its last six quarterly results.
Idris was speaking at the Global Malaysia Series at the Securities Commission today. AirAsia group chief executive Tan Sri Tony Fernandes was also a speaker at the event.
The government should minimise its participation in business and should play the role of a facilitator to businesses rather than have direct involvement, said Fernandes.
He said Malaysian companies should be bold in going global and that AirAsia woud have been “gobbled up” by competitors if it remained inward looking and had not expanded beyond Malaysian shores.
“Malaysian companies should challenge the norm, remove structures that inhibit innovation and have a relentless quest for excellence,” added Fernandes.
Idris is the pembuka tirai. Last time when he said M'sia was heading to bankruptcy that was the time they introduce ETP, PEMANDU.... Now he said gov should sell means...they going to goreng the price higher to sell MAS. Read between the line.... :)))
Everytime govt talk about co making loss under khazanah, they sell to syed mokhtar. Last time proton price went up like hell. Sure will sell mas more than rm1..
my opinion, if buy, sure the company has enough money and try to rebuild it but not sell it, til the end they will still loss and that's where our money loss as well, but for short term should be no problem.
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s466466
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Posted by s466466 > 2013-08-12 12:05 | Report Abuse
buyer n seller still fighting....