Stock Name: MAS
Company Name: MALAYSIAN AIRLINE SYSTEM BHD
3Q11: More losses?
High fuel coupled with soft yields. MAS will release its 3Q11 resultsin late Nov. We expect 3Q11 to be loss-making due to the impact of45% higher fuel price YoY and the globally soft yield environment. Thechallenging global economy is undermining business activity, businessconfidence and the sentiment to travel. Against this backdrop, we havelowered our earnings forecasts and downgrade MAS to a Hold (fromBuy) with a new target price of RM1.55 (from RM2.70)
Maybank research (18 November 2011)
Click here for full report ''
Company Name: MALAYSIAN AIRLINE SYSTEM BHD
| Research House: MAYBANK | Price Call: HOLD | Target Price: 1.41 |
3Q11: More losses?
High fuel coupled with soft yields. MAS will release its 3Q11 resultsin late Nov. We expect 3Q11 to be loss-making due to the impact of45% higher fuel price YoY and the globally soft yield environment. Thechallenging global economy is undermining business activity, businessconfidence and the sentiment to travel. Against this backdrop, we havelowered our earnings forecasts and downgrade MAS to a Hold (fromBuy) with a new target price of RM1.55 (from RM2.70)
Maybank research (18 November 2011)
Click here for full report ''
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