You dare to BUY???
If you have a choice, AIRASIA and MAS, which one will you chooose???
M&A Securities maintains Hold on MAS, target price 86 sen
Business & Markets 2012
Written by theedgemalaysia.com
Wednesday, 26 December 2012 09:36
KUALA LUMPUR (Dec 26): M&A Securities has maintained its Hold rating on MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) at 64 sen with a target price of 86 sen after the airline notified its passengers travelling to London that public transport operators in Heathrow will be running reduced timetables, particularly on Christmas Day and Boxing Day.
The airline had said on Christmas Day, most public transport systems (bus/underground/train) to and from Heathrow would be closed or will operate a very limited service MAS flies twice daily to London from Kuala Lumpur.
“Flight MH4 departs Kuala Lumpur International Airport at 10.45am daily and arrives London Heathrow the same day at 4.15pm while flight MH2 departs KLIA at 11.40pm and arrives in London at 5.50am the following day,” it said.
M&A Securities in a note Wednesday said it was maintaining its Hold rating on MAS due to the weaker sentiment of its current share price movement arising from the proposed right issue.