MAS-OR ~ Up 233% in less than a week ^_*

I have posted this share, MAS-OR (rights) on 8 May 2013 [Previous Post]

At that time, the share price was at 0.03

~ in less than 1 week it reached 0.10 ~ up 233%

Hope you guys made profits too!!

FYI, all rights have been fully subscribed now and started trading on 5 June 2013.

MAS (3786) price is currently @ 0.30




Some updated info:

• April 2013 - MAS will start Airbus A380 services between KL and Hong Kong from 1 May 2013.
• MAS entry into the oneworld alliance has lifted passenger loads
• MASkargo Sdn Bhd spent approx. RM77million to upgrade the warehouse and KLIA to increase tonnage capacity from 700k tonnes to 2million tonnes capacity by 2015
• May 2013 - MAS rights issue received an over-subscription of approx. 41%
• June 2013 - Petronas reported that they anticipating oil prices to hover between US$95 and US$100 per barrel by year end

Latest Financial news:

• MAS latest 1Q2013 net LOSS approx. RM279million
• Operation loss for 1Q2013 reduced to RM165million (previous 1Q2012 loss was RM307million ~ reduced approx. 46%)
• Revenue for 1Q2013 increased to RM3,546million (previous 1Q2012 revenue was RM3,115million ~ increased approx. 14%)

Research company view (After announced of Rights Issue):

April 2013 - RHB Research Institute ~ ex-rights fair value 0.50
April 2013 - Kenanga ~ target price 1.01 and 0.39 on it ex-rights shares
April 2013 - Alliance Research ~ target price 0.68 and 0.32 on an ex-all basis.

May 2013 - Maybank Investment Bank ~ target price 0.46
May 2013 - Bloomberg data  ~ 6 sell calls, 4 buy calls and 2 neutral ~ range 0.29 to 0.48
May 2013 - Affin Research ~ fair value 0.29
31 May 2013 - Maybank Investment Bank ~ target price 0.35

To me ~ MAS is at discounted price now.

Lowest price ppl get for MAS-OR is 0.03+0.23 = 0.26 (current price 0.30 still up approx. 15%), that's why MAS drop recently ~ profit taking at the moment. Don't forget these just minority as approx. 80% of the shares are holding by Khazanah and EPF.

Operating loss reduced ~ restructuring seems working
Revenue increased ~ change of management strategy seems working
Rights over subscribed approx. 41% ~ shareholder willing to put in more money....reduce their cost per share? or believe MAS price is reasonable at the moment?
Rights get approx. RM3.1billion cash ~ free interest cash from shareholders to pay off debt
More new aircraft ~ reduce petrol and maintenance expenses

Keep an eye on this share.

Good luck with your investment!!! ^_*

Again as mentioned in my previous post, One main point is MAS have stop paying out dividends since 2008. If you are not risk taker, you should consider put it in the bank for FD and get around 3% interest per annum.

 

___________________________________________________________________________________

 

Below is my 2nd Edition issued on 22 Jan 2013 [Previous Post]

Here is my 2nd edition ^_*

Price @ RM20 per copy.

Interested please do email me:

awonginvestment@yahoo.com

and I will email you the details for payment. Once received payment, a softcopy (in pdf) will be sent to your email.

Please note that no further information will be release for shares that I'm looking at in my blog except for those which I have posted previously.

Company Reviews ~ May 2013

For previous info {Please Click Here}

AEON Credit Service (5139) ~ current price @ 17.50
April 2013 - HwangDBS Vickers Research ~ target price 16.10

May 2013 - Kenanga Research ~ target price 16.40
May 2013 - RHB Research ~ fair value 15.20

Affin Holdings Bhd (5185) ~ current price @ 4.17
May 2013 - Alliance Research ~ target price 4.78

AirAsia (5099) ~ current price @ 3.20
May 2013 - Affin Investment Research ~ target price 3.70
May 2013 - Maybank KE Research ~ target price 3.00based 00
May 2013 - Kenanga ~ target price 3.36

Alam Maritim Resources Bhd (5115) ~ current price @ 1.45
April 2013 - RHB Research Institute ~ fair value 1.25

May 2013 - Kenanga Research ~ target price 1.39
May 2013 - Maybank KE Research ~ target price 1.30

Alliance Financial Group (2488) ~ current price @ 4.97
May 2013 - Affin Investment Bank ~ target price 4.78

Asia Brands Bhd (7722) ~ current price @ 3.50
May 2013 - Kenanga Investment Research ~ target price 4.00

Astro Malaysia Holdings Bhd (6399) ~ current price @ 3.23
May 2013 - Kenanga Research ~ target price 3.38

Axiata Group (6888) ~ current price @ 6.75
May 2013 - Alliance Research ~ target price 7.00

Bonia Corporation (9288) ~ current price @ 2.18
May 2013 - Affin Investment Research ~ target price 2.36

Bumi Armada (5210) ~ current price @ 3.98
May 2013 - JF Apex Research ~ fair value 4.27

CIMB Group Holdings Bhd (1023) ~ current price @ 8.28
May 2013 - HLIB Research ~ target price 8.42
May 2013 - RHB Research ~ fair value 9.90
May 2013 - Alliance Research ~ target price 9.64

Dayang Enterprise Holdings Bhd (5141) ~ current price @ 5.13
April 2013 - Hwang DBS Vickers Research ~ target price 4.00
April 2013 - MIDF Research initiated ~ target price 3.95
April 2013 - Kenanga Research ~ target price 4.86

May 2013 - MIDF Research ~ target price 4.41
May 2013 - RHB Research ~ fair value 6.50

Eastern & Oriental Bhd (E&O) (3417) ~ current price @ 2.15
May 2013 - CIMB Equities Research ~ target price 2.48

Felda Global Ventures Holdings Bhd (5222) ~ current price @ 4.41
May 2013 - CIMB Equities Research ~ target price 4.49
May 2013 - Affin Investment Bank ~ target price 4.07

Gamuda (5398) ~ current price @ 4.83
April 2013 - Alliance Research ~ target price 4.95

May 2013 - RHB Research ~ fair value 4.49
14 May 2013 - RHB Research ~ fair value 5.45
May 2013 - Maybank KE Research ~ target price 5.30

Genting Plantation (2291) ~ current price @ 9.00
May 2013 - Affin Research ~ target price 8.88

Hap Seng Plantations (5138) ~ current price @ 2.69
May 2013 - CIMB Equities Research ~ target price 2.70

Hartalega Holdings Bhd (5168) ~ current price @ 5.52
April 2013 - RHB ~ fair value 5.34
May 2013 - CIMB Equities Research ~ target price 6.11
May 2013 - MIDF Research ~ target price 5.19

IJM Corporation Bhd (3336) ~ current price @ 5.72
May 2013 - AmResearch ~ fair value 6.95

IOI Corporation (1961) ~ current price @ 5.10
April 2013 - RHB Research Institute ~ fair value 4.90

May 2013 - CIMB Equities Research ~ target price 5.53
May 2013 - Affin Investment Bank ~ target price 5.62
May 2013 - Alliance Research ~ target price 5.41
May 2013 - Kenanga Research ~ target price 5.40

JCY International Bhd (5161) ~ current price @ 0.60
May 2013 - Kenanga Research ~ target price 0.54

Kinsteel Bhd (5060) ~ current price @ 0.35
May 2013 - Affin Investment Research ~ target price 0.38

KL Kepong (2445) ~ current price @ 21.18
May 2013 - Alliance Research ~ target price 19.80
May 2013 - RHB Research ~ target price 21.30

KNM Group (7164) ~ current price @ 0.56
May 2013 - AmResearch ~ fair value 0.49

Kossan Rubber Industries Bhd (7153) ~ current price @ 4.34
April 2013 - Kenanga Research ~ target price 4.23
April 2013 - RHB ~ fair value 4.15
May 2013 - CIMB Equities Research ~ target price 4.81

KPJ Healthcare Bhd (5878)~ current price @ 6.50
May 2013 - RHB Research ~ fair value 7.30
May 2013 - Alliance Research ~ target price 6.07

MAS (3786) ~ current price @ 0.38
April 2013 - Affin Investment Research ~ target price 0.83

(After announced of Rights Issue)
April 2013 - RHB Research Institute ~ ex-rights fair value 0.50
April 2013 - Kenanga ~ target price 1.01 and 0.39 on it ex-rights shares
April 2013 - Alliance Research ~ target price 0.68 and 0.32 on an ex-all basis.
May 2013 - Maybank Investment Bank ~ target price 0.46
May 2013 - Bloomberg data  ~ 6 sell calls, 4 buy calls and 2 neutral ~ range 0.29 to 0.48
May 2013 - Affin Research ~ fair value 0.29
31 May 2013 - Maybank Investment Bank ~ target price 0.35 

Mah Sing Group Bhd (8583) ~ current price @ 3.20
April 2013 - RHB Research Institute ~ fair value 2.18
April 2013 - MIDF Research ~ target price 2.56

May 2013 - UBS Research ~ target price 2.50

Malaysia Airports Holdings Bhd (5014) ~ current price @ 6.14
April 2013 - Kenanga Research ~ target price 7.19
April 2013 - RHB Research ~ fair value 7.23

May 2013 - RHB Research ~ fair value 7.23

Malaysia Marine and Heavy Engineering (5186) ~ current price @ 3.17
April 2013 - Affin Investment Bank ~ target price 3.50

May 2013 - AmResearch ~ fair value 3.30

Matrix Concepts (5236) ~ current price @ 2.60
May 2013 - Kenanga Investment Research ~ fair value 2.75

Maxis Bhd (6012) ~ current price @ 6.76
May 2013 - Public Invest Research ~ target price 6.85
May 2013 - CIMB Equities Research ~ fair value 7.20
May 2013 - RHB Research ~ fair value 6.90

Mudajaya Group (5085) ~ current price @ 2.65
May 2013 - Alliance Research ~ target price 2.93

Multi-Purpose Holdings Bhd (3859) ~ current price @ 3.60
May 2013 - Alliance Research ~ target price 3.60

My E.G. Services (0138) ~ current price @ 1.35
April 2013 - CIMB Equities Research ~ target price 1.34
May 2013 - CIMB Equities Research ~ target price 1.57

Parkson Holdings Bhd (5657) ~ current price @ 3.82
May 2013 - AmResearch ~ fair value 4.43

Perdana Petroleum Berhad (7108) ~ current price @ 2.00
May 2013 - CIMB Equities Research ~ target price 1.80

Perisai Petroleum Teknologi (0047) ~ current price @ 1.62
May 2013 - Maybank Investment Bank Research ~ target price 1.40
May 2013 - CIMB Equities Research ~ target price 1.90

Petra Energy Bhd (5133) ~ current price @ 2.15

May 2013 - Affin Research ~ target price 1.83
May 2013 - RHB Research ~ target price 1.95

Petronas Gas (6033) ~ current price @ 21.24
May 2013 - CIMB Equities Research ~ target price 22.18
May 2013 - MIDF Research ~ target price 18.12
May 2013 - Hwang DBS Vickers Research ~ target price 22.20

Pos Malaysia (4634)  ~ current price @ 4.85
May 2013 - Kenanga Research ~ target price 4.90

Prestariang (5204) ~ current price @ 1.77
May 2013 - CIMB Equities Research ~ target price 2.79

Quill Capita Trust  (5123) ~ current price @ 1.23
May 2013 - HwangDBS Vickers Research ~ target price 1.45

RHB Capital (1066) ~ current price @ 8.76
April 2013 - Alliance Research ~ target price 9.05

May 2013 - CIMB Equities Research ~ target price 9.50

SapuraKencana Petroleum Bhd (5218) ~ current price @ 4.50
May 2013 - Affin ~ target price 4.13

SEG International Bhd (9792) ~ current price @ 1.60
May 2013 - Kenanga Research ~ target price 1.45
May 2013 - RHB Research ~ target price 0.96

Sime Darby Bhd (4197) ~ current price @ 9.42
May 2013 - RHB Research ~ target price 10.60

Sunway Bhd (5211) ~ current price @ 4.16
May 2013 - RHB Research ~ fair value 4.28

Tenaga Nasional Bhd (5347) ~ current price @ 8.35
April 2013 - CIMB Equities Research ~ target price 8.55
April 2013 - Public Investment Bank ~ target price 8.85

May 2013 - CIMB Equities Research ~ target price 10.20

Tune Ins Holdings (5230) ~ current price @ 2.17
April 2013 - CIMB Equities Research ~ target price 1.63

May 2013 - CIMB Research ~ target price 1.71

UEM Land Holdings Bhd (5148) ~ current price @ 3.50
April 2013 - MIDF Research ~ target price 2.97
23 April 2013 - MIDF Research ~ target price 3.23

May 2013 - CIMB Equities Research ~ target price 4.28

UMW Holdings Bhd (4588) ~ current price @ 14.42
April 2013 - Kenanga Research ~ target price 12.53

May 2013 - CIMB Equities Research ~ target price 15.90

Uzma Bhd (7250) ~ current price @ 3.19
April 2013 - Kenanga Research ~ target price 2.33

May 2013 - Public Investment Bank Research ~ target price 2.86

Wing Tai Malaysia Bhd (2976) ~ current price @ 2.61
May 2013 - HwangDBS Vickers Research ~ target price 2.55

*Please note that above just some quick information. You still need to find out more info about how they calculated their target price.*

PropertyPlus @ AWong Investment

www.propertyplus.com.my

Company Reviews ~ April 2013

For previous info {Please Click Here}

AEON Credit Service (5139) ~ current price @ 16.14
April 2013 - HwangDBS Vickers Research ~ target price 16.10

Alam Maritim Resources Bhd (5115) ~ current price @ 1.16
April 2013 - RHB Research Institute ~ fair value 1.25

AMMB Holdings Bhd (1015) ~ current price @ 7.15

April 2013 - Alliance Research ~ target price 6.66
 

Axis REITs (5106) ~ current price @ 3.82
Mar 2013 - CIMB Equities Research ~ target price 3.68
April 2013 - RHB Research ~ target price 3.56 

Bursa Malaysia (1818) ~ current price @ 7.85
April 2013 - RHB Research ~ fair value 8.10
April 2013 - Kenanga Research ~ target price 7.20

CapitalMalls Malaysia Trust (5180) ~ current price @ 1.86
April 2013 - CIMB Equities Research ~ target price 1.99

Catcha Media (0173) ~ current price @ 0.445
April 2013 - RHB Research ~ fair value 0.65

CB Industrial Product Holding (7076) ~ current price @ 2.72
April 2013 - RHB Investment Research ~ fair value 3.35

Crescendo Corp Bhd (6718) ~ current price @ 2.90
April 2013 - Kenanga Research ~ target price 3.56

Dayang Enterprise Holdings Bhd (5141) ~ current price @ 4.39
April 2013 - Hwang DBS Vickers Research ~ target price 4.00
April 2013 - MIDF Research initiated ~ target price 3.95
April 2013 - Kenanga Research ~ target price 4.86

Dialog Group Bhd (7277) ~ current price @ 2.64
April 2013 - Affin Investment Research ~ target price 2.76

Digi.com Bhd (6947) ~ current price @ 4.69
Mar 2013 - Maybank Investment Bank ~ target price 4.85

April 2013 - RHB Research ~ fair value 5.10
April 2013 - Public Bank Investment Research ~ target price 5.40

DRB-Hicom (1619) ~ current price @ 2.71

Mar 2013 - RHB Research Institute ~ fair value 3.20

April 2013 - CIMB Equities Research ~ target price 3.25

Eversendai Corporation Bhd (5205) ~ current price @ 1.26
April 2013 - RHB Research ~ fair value 1.80
 

Favelle Favco (7229) ~ current price @ 2.32
April 2013 - RHB Research Institute ~ fair value 3.35

Gamuda (5398) ~ current price @ 4.75
April 2013 - Alliance Research ~ target price 4.95

Gas Malaysia Bhd (5209) ~ current price @ 3.09
April 2013 - HwangDBS Vickers Research ~ target price 3.25

Globetronics (7022) ~ current price @ 1.98
April 2013 - Affin Investment Research ~ target price 2.11

Hai-O Enterprise Berhad (7668) ~ current price @ 2.40
April 2013 - Affin Investment Bank ~ target price 2.98

Hartalega Holdings Bhd (5168) ~ current price @ 5.70
Mar 2013 - TA Securities ~ target price 5.50

April 2013 - RHB ~ fair value 5.34

IOI Corporation (1961) ~ current price @ 5.33
April 2013 - RHB Research Institute ~ fair value 4.90

Kimlun Corp Bhd (5171) ~ current price @ 1.77
Mar 2013 - RHB Research Institute ~ fair value 2.05

April 2013 - RHB Research Institute ~ fair value 2.05

Kossan Rubber Industries Bhd (7153) ~ current price @ 4.03
April 2013 - Kenanga Research ~ target price 4.23
April 2013 - RHB ~ fair value 4.15

MAS (3786) ~ current price @ 0.36
April 2013 - Affin Investment Research ~ target price 0.83

(After announced of Rights Issue)
April 2013 - RHB Research Institute ~ ex-rights fair value 0.50
April 2013 - Kenanga ~ target price 1.01 and 0.39 on it ex-rights shares
April 2013 - Alliance Research ~ target price 0.68 and 0.32 on an ex-all basis.

Mah Sing Group Bhd (8583) ~ current price @ 2.71
April 2013 - RHB Research Institute ~ fair value 2.18
April 2013 - MIDF Research ~ target price 2.56

Malaysia Airports Holdings Bhd (5014) ~ current price @ 6.15
April 2013 - Kenanga Research ~ target price 7.19
April 2013 - RHB Research ~ fair value 7.23

Malaysia Building Society Bhd (1171) ~ current price @ 3.14
April 2013 - RHB Research ~ target price 3.05

Malaysia Marine and Heavy Engineering (5186) ~ current price @ 3.80
April 2013 - Affin Investment Bank ~ target price 3.50

Malaysian Pacific Industries (3867) ~ current price @ 2.62
April 2013 - CIMB Equities Research ~ target price 2.38
April 2013 - RHB Research Institute ~ fair values 2.70

Malaysian Resources Corp (1651) ~ current price @ 1.67
April 2013 - Affin Investment Research ~ target price 2.50

Malaysia Smelting Corp (5916) ~ current price @ 3.14
April 2013 - RHB Research Institute ~ fair value 2.77

MISC Bhd (3816) ~ current price @ 4.57
Mar 2013 - RHB Research Institute ~ fair value 6.12

April 2013 - RHB Research ~ fair value 5.88

My E.G. Services (0138) ~ current price @ 1.18
April 2013 - CIMB Equities Research ~ target price 1.34

Old Town Berhad (5201) ~ current price @ 3.09
Mar 2013 - Kenanga Research ~ target price 2.38

April 2013 - Alliance Research ~ target price 2.66
April 2013 - Kenanga Research ~ target price 2.53

Public Bank Bhd (1295) ~ current price @ 16.60
April 2013 - RHB Research ~ fair value 16.80

Puncak Niaga Holdings Bhd (6807) ~ current price @ 1.77
April 2013 - CIMB Equities Research ~ target price 1.85

RHB Capital (1066) ~ current price @ 8.76
Mar 2013 - Kenanga Research ~ target price 9.00

April 2013 - Alliance Research ~ target price 9.05

Supermax Corp (7106) ~ current price @ 2.05
April 2013 - RHB ~ fair value 3.30

Syarikat Takaful Malaysia Bhd (6139) ~ current price @ 7.16
Mar 2013 - RHB Research ~ target price 8.00

Tambun Indah Land Bhd (5191) ~ current price @ 1.16
April 2013 - RHB Research ~ fair value 1.28

Tenaga Nasional Bhd (5347) ~ current price @ 8.26
April 2013 - CIMB Equities Research ~ target price 8.55
April 2013 - Public Investment Bank ~ target price 8.85

Tomei Consolidated Bhd (7230) ~ current price @ 0.74
April 2013 - Kenanga Research ~ fair value 0.715

Top Glove Corporation Bhd (7113) ~ current price @ 6.50
April 2013 - RHB Research ~ fair value 7.11

TRC Synergy (5054) ~ current price @ 0.61
April 2013 - RHB Research Institute ~ fair value 0.52

Tune Ins Holdings (5230) ~ current price @ 1.77
April 2013 - CIMB Equities Research ~ target price 1.63

UEM Land Holdings Bhd (5148) ~ current price @ 3.16
Mar 2013 - PublicInvest Research ~ target price 2.80
Mar 2013 - Kenanga Research ~ target price 3.25

April 2013 - MIDF Research ~ target price 2.97
23 April 2013 - MIDF Research ~ target price 3.23

UMW Holdings Bhd (4588) ~ current price @ 13.94
Mar 2013 - Affin Investment Bank ~ fair value 12.40

April 2013 - Kenanga Research ~ target price 12.53

Unisem (5005) ~ current price @ 0.93
April 2013 - RHB Research Institute ~ fair values 0.99

Uzma Bhd (7250) ~ current price @ 2.45
April 2013 - Kenanga Research ~ target price 2.33

WCT Bhd (9679) ~ current price @ 2.62
Mar 2013 - CIMB Research ~ target price 2.58

April 2013 - CIMB Research ~ target price 2.55
April 2013 - Affin Investment Research ~ price target 2.90

*Please note that above just some quick information. You still need to find out more info about how they calculated their target price.*

MAS rights @ discounted price

MAS price is currently @ 0.345

MAS-OR price is currently @ 0.03
rights subscription price is 0.23
approx. 24% below MAS price

Why at discounted price? My view:
a) Shareholders not willing to put in more cash for the rights and cut loss
b) Major shareholder sell down rights to scare off minor shareholder?? Then they can buy in cheap to reduce their average price?? That's why huge volume at 0.03??
c) Bought in MAS at lower price, now selling all rights might make some profit or reduce their loss

To me, MAS-OR is worth to consider ^_*
Keep an eye on it as well as the movement of MAS as you need to base on it to see whether the price for MAS-OR is worth to consider or not.

Pls note that MAS-OR will cease trading on 14 May 2013.

Good luck with your investment!!! ^_*

If Developer Forfeit Your Booking Fee/Deposit ~ read this ~

Saw this article in the Star online:

"The sale and purchase agreement (Schedule G, H, I or J) as prescribed by the Housing Development (Control and Licensing) Regulations, 1989 (the Housing Regulations) provides very clearly how the purchase price is to be paid. The first 10% is payable immediately upon the signing of the sale and purchase agreement (SPA), not before.

No collection of any payment is allowed before the SPA is signed. Deposit, booking fee, advance payment, administration charges are just some of terms used by some devious developers in their vain attempts to circumvent or contract out of the Housing Regulations and to confuse, mislead and convince nave house buyers especially the first-timers.

Collection of any payment by a housing developer before the signing of the SPA is an offence. This is very clear under the Housing Regulations and it does not matter what the developer calls it.

The Housing Regulation 11(2) stated: “No housing developer shall collect any payment by whatever name called except as prescribed by the contract of sale”. (In this context' contract of sale means the SPA)

Commission of such an offence under the Housing Regulations means that the developer in question can be prosecuted, fined and/or even imprisoned under Regulations 13. Even those persons who knowingly and willfully aids, abets, counsel, procures or commands the commission of such an offence shall be liable to be punished.

Prosecution, however, is in the hands of the public prosecutor whose action or non-action the house buyers are not able to dictate. House buyers and indeed the general public are of course at liberty to lodge a complaint against any developer in breach of any housing laws. Such complaints can be lodged with the Enforcement Division of the Ministry of Housing and Local Government: www.kpkt.gov.my "

"House buyers who are already caught in tussles with housing developers over refund of booking fee or deposit are at liberty to file their claims at the Tribunal for Homebuyer Claims (the Housing Tribunal). The Housing Tribunal was set up as an alternative forum for house buyers to save them the costs and hassle of fighting with housing developers in the civil courts.

The filing fee is only RM10; no lawyers are required and hearings are normally fixed within a month. The Housing Tribunal is empowered to hear disputes between house buyers and licensed housing developers even though the SPA is yet to be signed but the claims must be filed within the time frames provided under section 16N of the Housing Development (Control & Licensing) Act 1966 (the HDA). Check out the link: www.kpkt.gov.my TTPR"

[Click here to read more]

If might be difficult to stop Developers to collect Booking Fee/Deposit ~ yet this will help us up to undertand the Law especially those who couldn't get the loan approval and want their money back.

Well done to Chang Kim Loong - the honorary secretary-general of the National House Buyers Association: www.hba.org.my, a non-profit, non-governmental organisation manned by volunteers. He is also a NGO councillor at the Subang Jaya Municipality Council.

MAS (3786) ~ 4 rights for every 1 existing share @ 0.23

MAS price is currently @ 0.68




Finally MAS announce the rights issue on 11 April 2013 - every 1 existing share will get 4 rights @ 0.23.

Below shows an example for the changes, say:

You purchased 1,000 shares at 0.825 (closing price on 11 April 2013) = RM825
Average price = approx. 0.35 after all rights subscribed and based on 0.825 closing price 

Option A) Subscribe all rights
4,000 rights @ 0.23 = RM920 + RM825 = RM1,745
Average price for the remaining 5,000 shares = 0.349

Option B) Sell all rights
4,000 rights @ 0.12 = RM480 - RM825 = RM345
Average price for the remaining 1,000 shares = 0.345
(assumed 0.12 is the price Buyer willing to offer) 

4,000 rights @ 0.35 = RM1,400 - RM825 = RM575
Average price for the remaining 1,000 shares = 0.575
(assumed 0.35 is the price Seller willing to accept) 

Option C) Do nothing
Average price = 0.825

*Please note that above just a quick calculation excluding all transaction charges etc.

Make sure you have enough cash ready to subscribe all rights or sell your rights before the closing date. Normally if you go with Option A or B, your end figure will be about the same. Never go with Option C.

Research company view (After announced of Rights Issue):

RHB Research Institute ~ ex-rights fair value 0.50
Kenanga ~ target price 1.01 and 0.39 for ex-rights shares
Alliance Research ~ target price 0.68 sen and 0.32 on an ex-all basis

Based on current rights issue offer, the average cost per share for Khazanah should be approx. 0.60.

To me ~ I'm hoping after all rights subscribed main share will reach 0.60

Good luck with your investment!!! ^_*

Again as mentioned in my previous post, One main point is MAS have stop paying out dividends since 2008. If you are not risk taker, you should consider put it in the bank for FD and get around 3% interest per annum [Link for Banks FD Rates].

Previous posts related to MAS:

• MAS (3786) ~ Another Good News for 4Q2012
• MAS (3786) ~ take over by Syed Mokhtar AlBukhary??
• MAS (3786) ~ Another Good News for 3Q2012
• MAS (3786) ~ Good News for 2Q2012
• MAS (3786) ~ More Good News to Come?
• MAS (3786) ~ Share Swap with Airasia is Off