Bursa Alert
Global Market
NewsResearch House projects brighter 2H13 for MAS
Page 1 of 1
Research House projects brighter 2H13 for MAS
by Cals Fri 20 Sep 2013, 22:37
Research House projects brighter 2H13 for MAS
Business & Markets 2013
Written by Bernama
Friday, 20 September 2013 17:42
KUALA LUMPUR (Sept 20): RHB Retail Research expects the second half of the year to be a brighter period for Malaysia Airlines (MAS) with an improvement in revenue.
The research house said the period was traditionally a stronger period for airlines'.
"We believe MAS' yield is still under pressure but expect its topline to be boosted by the strong load factor, which is in line with the management's "load-active, yield-passive" strategy.
"The carrier's second quarter 2013 results and most recent operating statistics reinforce our belief that MAS' strategy is viable and that its margins should gradually improve," said RHB Retail Research in a note.
MAS' operating statistics continued to improve in August, with its eight months 2013 overall load factor rising 4.8 percentage points year-on-year to 76.9 per cent, a new high for the airline since 2002.
Meanwhile, its cargo and freight divisions saw a mild month-on-month decline, but the performance was still in line with RHB's expectations.
The research house has maintained its "neutral" call on MAS with an unchanged fair value of 34 sen.
Business & Markets 2013
Written by Bernama
Friday, 20 September 2013 17:42
KUALA LUMPUR (Sept 20): RHB Retail Research expects the second half of the year to be a brighter period for Malaysia Airlines (MAS) with an improvement in revenue.
The research house said the period was traditionally a stronger period for airlines'.
"We believe MAS' yield is still under pressure but expect its topline to be boosted by the strong load factor, which is in line with the management's "load-active, yield-passive" strategy.
"The carrier's second quarter 2013 results and most recent operating statistics reinforce our belief that MAS' strategy is viable and that its margins should gradually improve," said RHB Retail Research in a note.
MAS' operating statistics continued to improve in August, with its eight months 2013 overall load factor rising 4.8 percentage points year-on-year to 76.9 per cent, a new high for the airline since 2002.
Meanwhile, its cargo and freight divisions saw a mild month-on-month decline, but the performance was still in line with RHB's expectations.
The research house has maintained its "neutral" call on MAS with an unchanged fair value of 34 sen.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» MAS to be profitable in 2H13, says Maybank IB Research
» Research House maintains "Buy" call on Gas Malaysia
» RHB IB is Asiamoney’s best research house for small caps
» Hong Leong IB Research upgrades TSH to Buy, projects FFB output to grow
» Banking Affin IB Research projects slower loan growth rate of 9.5% in 2014
» Research House maintains "Buy" call on Gas Malaysia
» RHB IB is Asiamoney’s best research house for small caps
» Hong Leong IB Research upgrades TSH to Buy, projects FFB output to grow
» Banking Affin IB Research projects slower loan growth rate of 9.5% in 2014
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum