A bit worry with the 6% drop in price? To me, MAS is at discounted price now ^_*
Lets see some updated info here:
- The company stopped flying to Surabaya on 7 Jan 2012, Karachi 12 Jan 2012, Dubai & Damman 13 Jan 2012, Johannesburg 31 Jan 2012, Cape Town & Buenos Aires 1 Feb 2012 and Rome 2 Feb 2012
- MAS re-negotiated its catering contract with LSGB, after nine years, where it will no longer pay a guaranteed monthly amount for catering services and only pay for what it takes from LSGB for its in-flight catering services. Previously MAS and LSGB signed an agreement for 25 yrs ~ an exclusive right to supply and provide inflight catering and cabin handling services to MAS at both Penang airport and the KLIA.
- May 2012 - MAS offered its workforce up to two years of no-pay leave where they can seek employment elsewhere but not at rival companies.
- MAS reviewing contracts with its major vendors and will drop PlaneConsult who provide consultancy services as part of an overall plan to reduce costs by approx. RM500mil.
- 1Q ended Mar 2012, MAS reduced its loss after tax by 29 per cent to RM171 million compare to a loss of RM242 million in the same period in 2011.
- From July 7 2012, Firefly ~ the low-cost unit of MAS ~ will introduce weekly service between KL and Christmas Island in Australia.
- From 1 July 2012, MAS and Japan Airlines (JAL) will start code-share cooperation.
- MAS planning to sign code-share cooperation with four other airlines namely American Airlines, British Airways, Qantas and Finnair by end of 2012.
- MAS issued RM2.5bil of perpetual junior bonds. RM1bil has been fully subscribed by Kumpulan Wang Persaraan Diperbadankan (KWAP).
As mentioned before, to me ~ MAS is worth to consider. What do you think?
Good luck in your investment!!! ^_*
For similar price, you might consider my previous posts:
Good luck in your investment!!! ^_*
For similar price, you might consider my previous posts:
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