Malaysia Airlines (Hold): Business Turnaround Plan Part 3.0

Date: 
2011-12-08
Firm: 
MAYBANK
Stock: 
MAS
Price Target: 
1.55
Price Call: 
HOLD
Last Price: 
0.00
Upside/Downside: 
+1.55 (∞%)
New plan, same story. Malaysia Airlines (MAS), at an analyst briefing yesterday, revealed its third edition of business turnaround plan. In a nutshell, the Company will cull severe loss making routes which are no hopers, extract cost benefits of new aircraft, streamline business operations and focus to enhance service levels. In our view, these plans are not new. Maintain Hold with a target price of RM1.55/share - based on 5.6x 2012 adjusted EV/EBITDAR.


Maybank research (8 December 2011)

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571011125001

mas should be privatised first until its house cleared rather to embarase the nation image

2011-12-13 08:25

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