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MAS unlikely to go bankrupt, says RHB Research

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MAS unlikely to go bankrupt, says RHB Research Empty MAS unlikely to go bankrupt, says RHB Research

Post by Cals Tue 17 Jun 2014, 01:10

MAS unlikely to go bankrupt, says RHB Research
Business & Markets 2014
Written by theedgemalaysia.com   
Monday, 16 June 2014 07:43

KUALA LUMPUR (June 16): Malaysian Airline System Bhd (MAS) is unlikely to experience bankruptcy, despite a challenging outlook, according to RHB Research.

In a note Monday, the research house maintained its Neutral rating on the aviation sector and said  that despite the positive 18% year-on-year growth in the number of passengers handled by MAHB, the recent 1QFY14 earnings results turned to be another disappointment.

“Attention is now focused on what is seen as the wild card for the sector, MAS, for which we see bankruptcy as highly unlikely.

“The outlook remains challenging but yields have bottomed.

“Neutral stance stays, with AirAsia as our Top Pick,” it said.
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