Stock Name: MAS
Company Name: MALAYSIAN AIRLINE SYSTEM BHD
Research House: MAYBANK
Company Name: MALAYSIAN AIRLINE SYSTEM BHD
Research House: MAYBANK
Maybank Investment Bank Bhd lowered its view on Malaysian airline stocks ahead of their quarterly earnings, cutting AirAsia Bhd to “hold” from “buy” and reducing its share estimate for Malaysian Airline System Bhd to RM1.80 from RM2.55.
Malaysian Air may report a first-quarter loss due to higher fuel prices and reduced travel following Japan’s earthquake and unrest in the Middle East and North Africa, Maybank analyst Wong Chew Hann said in a report today.
While AirAsia’s first-quarter profit may be “very strong,” Wong expressed concern over oil price volatility and potential over-supply in the airline industry, according to the report. -- Bloomberg
Malaysian Air may report a first-quarter loss due to higher fuel prices and reduced travel following Japan’s earthquake and unrest in the Middle East and North Africa, Maybank analyst Wong Chew Hann said in a report today.
While AirAsia’s first-quarter profit may be “very strong,” Wong expressed concern over oil price volatility and potential over-supply in the airline industry, according to the report. -- Bloomberg
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