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
- 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.
___________________________________________________________________________________
Here is my 2nd edition ^_*
Price @ RM20 per copy.
Interested please do email me:
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.
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