MAS (3786) ~ Another Good News for 3Q2012

MAS price is currently @ 1.01




Some updated info:

• Sept 2012 - MAS provide further discounts for airfares and packages until 14 Sept 2012. Offers are valid for travel from 9 Sept 2012 until 31 March 31 2013 (except for some peak periods) (Profit to MAS)
• Petronas revenue drop approx. 29% ~ challenging with lower oil prices and this might get worst in 2013/2014 due to bearish economy in US, Europe and. This might be a good news to MAS for lower oil prices. (Potential Future Profit) 
• Firefly, a subsidiary of MAS, might be returning to its jet operations next year (Potential Future Profit) 
• MAS issued junior Sukuk amounting to RM500mil
• MAS has finalised plans adding three international routes from KK starting Dec 2012 (Future Profit)  
• MAS starts its fifth daily service between KL and Bangkok on 28 Oct 2012 (Profit to MAS)
• MASKargo, a subsidiary of MAS, replace existing two Boeing 747-400F with Airbus A330-200F which will allow better managing capacity to demand (Profit to MAS)
• Oct 2012 - Firefly started “Think Rewards, Think Firefly” campaign which passengers can enjoy special offers on meals and car rentals www.fireflyz.com.my/community/rewards (Profit to MAS)
• MAS starts having double daily Airbus A380 flights from KL to London from 24 Nov 2012 (Profit to MAS)
• MAS will start daily A380 flight between KL and Paris from March 2013 (Future Profit)  
• MAS will join oneworld in Feb 2013 (Future Profit)  
• Nov 2012 - Ethiopian Airlines plans to work with MAS early 2013 eg. work on code sharing and special rate agreement with its Malaysian counterpart (Future Profit) 
• The Finance Ministry plans to sell as much as RM5.3bil of Islamic bonds under a 20-year programme to help the nation’s loss-making carrier buy new aircraft, according to two people familiar with the deal. Malaysian Airlines (MAS) announced in May it planned to lease six Airbus A380s and two A330s for RM5.3bil that would be purchased by the Government.
• MASkargo, a subsidiary of MAS, launched 1st freighter service into Federal Territory of Labuan (Profit to MAS)
• MAS offer 50% discount promotion for its Enrich Frequent Flyer Programme members until 31 Dec 2012 (Profit to MAS)
• MAS third and fourth Airbus A380 arrived KLIA (Profit to MAS)
• Remaining two A380s by the 1Q2013 (Future Profit) 
• Firefly offer 20% discount (Year End Sale) for passengers. Travel period from 8 Jan to 30 June 2013
• MAS executed a funding deal with Turus Pesawat Sdn Bhd (wholly owned by Ministry of Finance) for an Islamic financing arrangement of approx. RM5.311billion  to buy six A380-800 super jumbos, one A330-200F and A330-300 (Future Profit) 
• Firefly start offering direct flights between KL and Haikou in China (Profit to MAS)
• MAS increased flights between KL and Kathmandu to five weekly (Profit to MAS)
• MAS together with American Express and Maybank offer MAS American Express Business Travel Account (Profit to MAS)

Latest Financial news:

• MAS latest 3Q2012 net PROFIT approx. RM37million - previous year has a net losses of approx. RM478million (From losses back to profit)
• Year to date net losses approx. RM484millions - LOWER than previous year which has a net losses of approx. RM1,247million (Approx. 61% less losses)
• Net asset per share increased to 0.64, previously 2Q2012 is 0.45 (Approx. 42% increased)

Previous investment/research companies view:

• OSK Research upgraded MAS to “buy” from a “trading buy” with an unchanged fair value of 1.38.
• 17 analysts by Bloomberg, 12 analysts with a “sell” call, three analysts with “hold” call and two analysts with “buy” call. The target price ranges from 0.85 to 1.79.
• Kenanga Research maintains its “underperform” rating with a 1.06 target price.
• Hong Leong Research also maintains its sell call with a 0.92 target price.

So, their range is 0.85 to 1.79. With current share price of 1.01, the share price might drop approx. 16% or shoot up approx. 77%. What do you think?

To me ~ MAS is worth to consider. I'm hoping it will reach 1.50.

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.

Previous posts related to MAS:

• MAS (3786) ~ Good News for 2Q2012
• MAS (3786) ~ More Good News to Come?
• MAS (3786) ~ Share Swap with Airasia is Off

Company Reviews ~ Oct 2012

Adventa Bhd (7191) ~ current price @ 1.89
Sept 2012 - CIMB Equities Research ~ target price 2.10

Airasia Bhd (5099) ~ current price @ 2.85
Sept 2012 -  RHB Research Institute ~ target price 3.63
Sept 2012 -  CIMB Research ~ target price 3.50
Sept 2012 - Affin Investment Research ~ target price 3.70

Oct 2012 - RHB Research Institute ~ fair value 3.63
Oct 2012 - OSK Research ~ fair value 3.91

Alliance Financial Group Bhd (2488) ~ current price @ 4.08
Sept 2012 - Hong Leong Investment Bank Research ~ target price 4.53

Axiata Group Berhad (6888) ~ current price @ 5.98
Sept 2012 - Hwang DBS Vickers Research ~ target price 5.80
Sept 2012 - Alliance Research ~ target price 6.84
Sept 2012 - Kenanga Research ~ target price 6.33
Sept 2012 - Affin Investment Research ~ target price 5.08
Sept 2012 - Nomura ~ target price 7.10

Berjaya Sports Toto Bhd (1562) ~ current price @ 4.35
Sept 2012 - RHB Research Institute ~ target price 4.55

BIMB Holdings Bhd (5258) ~ current price @ 3.01
Sept 2012 - CIMB Equities Research ~ target price 3.78
Sept 2012 - Kenanga Research ~ target price 3.60

Carlsberg Brewery Malaysia Bhd (2836) ~ current price @ 12.60
Oct 2012 - RHB Research Institute ~ fair value 12.40

CB Industrial Product Holding (7076) ~ current price @ 2.70
Sept 2012 - OSK Research ~ target price 3.28

Crest Builder Holdings Bhd (8591) ~ current price @ 0.89
Sept 2012 - Kenanga Investment Research ~ target price 1.34

Daibochi Plastic & Packaging (8125) ~ current price @ 2.49
Oct 2012 - RHB Research Institute ~ fair value 2.91

Dialog Group Bhd (7277) ~ current price @ 2.41
Sept 2012 -  CIMB Equities Research ~ target price 2.91
Sept 2012 -  Affin Investment Research ~ target price 2.76.

Dijaya Corporation Bhd (5401) ~ current price @ 1.03
Oct 2012 - ECM Libra Investment Research ~ target price 1.57

Digi.com Bhd (6947) ~ current price @ 4.80
Sept 2012 - Affin Investment Research ~ target price 4.75

Felda Global Ventures Holdings Bhd (5222) ~ current price @ 4.65
Sept 2012 - Hwang DBS Vickers Research ~ target price 5.05

Gamuda Bhd (5398) ~ current price @ 3.69
Sept 2012 - OSK Research ~ fair value 4.46
Sept 2012 - TA Securities ~ target price 4.32

Gas Malaysia Bhd (5209) ~ current price @ 2.64
Sept 2012 - Kenanga ~ target price 2.94

Hartalega Holdings Bhd (5168) ~ current price @ 4.90
Sept 2012 - CIMB Research ~ target price 5.01

Hua Yang Bhd (5062) ~ current price @ 1.62

Sept 2012 -TA Securities ~ target price 2.63

Hunza Properties Bhd (5018) ~ current price @ 1.50

Sept 2012 - Kenanga Investment Research ~ target price 1.50

IJM Corporation Bhd (3336) ~ current price @ 4.92
Sept 2012 - RHB Research Institute ~ fair value 4.73
Sept 2012 - TA Securities ~ target price 5.77
Sept 2012 - Hong Leong Investment Research ~ target price 5.48
Sept 2012 - Credit Suisse Research ~ target price 7.10
Sept 2012 - CIMB Equities Research ~ target price 5.30

Oct 2012 - CIMB Equities Research  ~ target price 5.50

IJM Land Berhad (5215) ~ current price @ 2.12
Sept 2012 - RHB Research ~ fair value 2.89
Sept 2012 - Kenanga Investment Research  ~ target price 2.60

JCY International Berhad (5161) ~ current price @ 0.845
Oct 2012 -  Kenanga Investment Research ~ target price 0.85
Oct 2012 - OSK Research ~ target price 0.88

Kossan Rubber Industries Bhd (7153) ~ current price @ 3.21
Sept 2012 - RHB Research ~ fair value 3.73

KPJ Healthcare Bhd (5878) ~ current price @ 6.02
Sept 2012 - RHB Research ~ fair value 6.86

Latexx Partners Bhd (7064) ~ current price @ 2.29
Oct 2012 - CIMB Equities Research ~ target price 2.30

Malaysia Building Society Bhd (1171) ~ current price @ 2.35
Sept 2012 - OSK Investment Banking ~ fair value 3.02

Mah Sing Group Bhd (8583) ~ current price @ 2.26
Sept 2012 - Kenanga Investment Research  ~ target price 2.40

Malaysia Steel Works (KL) Bhd (5098) ~ current price @ 0.87
Sept 2012 - OSK Research Sdn Bhd ~ fair value of 0.83

Malaysian Resources Corp (1651) ~ current price @ 1.70
Sept 2012 - UOB Kay Hian ~ target price 2.03

Oct 2012 - Hwang DBS Vickers Research ~ target price 1.65
Oct 2012 - Affin Investment Research ~ target price 2.71

Maxis Bhd (6012) ~ current price @ 6.45
Sept 2012 - Affin Investment Research ~ target price 6.76
Sept 2012 - Nomura ~ target price 6.20
Sept 2012 - Public Investment Bank ~ target price 7.26

Malayan Banking Bhd (1155) ~ current price @ 9.01
Oct 2012 - CIMB Equities Research ~ target price 11.60
Oct 2012 - Affin Investment Research ~ target price 9.16

MISC Bhd (3816) ~ current price @ 4.19
Oct 2012 - CIMB Equities Research ~ target price 4.42
Multi-Purpose Holdings Bhd (3859) ~ current price @ 3.71
Sept 2012 - Public Investment Bank ~ target price 3.79

Oct 2012 - Kenanga Research ~target price 4.31

Old Town Berhad (5201) ~ current price @ 1.87
Sept 2012 - JF Apex Securities Bhd ~ target price 2.23
Sept 2012 - OSK Research ~ fair value 2.31

Parkson Holdings Bhd (5657) ~ current price @ 4.60
Sept 2012 - Public Investment Bank ~ target price 5.73

Perdana Petroleum Berhad (7108) ~ current price @ 0.975
Sept 2012 - RHB Research Institute ~ fair value 0.82

Perisai Petroleum Teknologi (0047) ~ current price @ 1.16
Sept 2012 - UOB Kay Hian Malaysia Research ~ target price 1.59
Sept 2012 - CIMB Equities Research ~ target price 1.53

Petronas Dagangan Bhd (5681) ~ current price @ 21.98
Sept 2012 - CIMB Research ~ target price 24.60

Pintaras Jaya Bhd (9598) ~ current price @ 3.17
Sept 2012 - OSK Retail Research ~ target price 3.99

PPB Group Bhd (4065) ~ current price @ 12.20
Sept 2012 - AmResearch ~ target price 15.90
Sept 2012 - KAF Seagroatt & Campbell Research ~ target price 14.00
Sept 2012 - Hwang DBS Vickers ~ target price 11.00

Public Bank Bhd (1295) ~ current price @ 15.38
Sept 2012 - Maybank Investment Research ~ target price 16.00

Puncak Niaga Holdings Bhd (6807) ~ current price @ 1.28
Sept 2012 - OSK Research Sdn Bhd ~ fair value 2.08

QL Resources Berhad (7084) ~ current price @ 3.16
Sept 2012 - Maybank Investment Bank Research ~ target price 3.75

Oct 2012 - JF Apex Securities Research ~ target price 3.70

SapuraKencana Petroleum Bhd (5218) ~ current price @ 2.86
Sept 2012 - UOB Kay Hian Malaysia Research ~ target price 2.80
Sept 2012 -  Affin Investment Research ~ target price 2.65
Sept 2012 - OSK Research ~ fair value 2.88
Sept 2012 - Hong Leong Investment ~ target price 2.77
Sept 2012 - Kenanga Research ~ target price 2.79
Sept 2012 - Maybank Investment Research ~ target price 2.68

Sime Darby Bhd (4197) ~ current price @ 9.54
Sept 2012 - Hwang DBS Vickers Research ~ target price 9.80
Sept 2012 - RHB Research Institute ~ fair value 10.56

SP Setia Bhd (8664) ~ current price @ 3.42
Sept 2012 - CIMB Equities Research ~ target price 4.30
Sept 2012 - Kenanga Investment Research ~ target price 3.80
Sept 2012 - Hwang DBS Vickers Research ~ target price 5.10

Sunway Real Estate Investment Trust (5176) ~ current price @ 1.47
Oct 2012 - RHB Research Institute ~ fair value 1.63

Syarikat Takaful Malaysia Bhd (6139) ~ current price @ 5.22
Oct 2012 - OSK Research ~ target price 8.00

Tan Chong Motor Holdings Bhd (4405) ~ current price @ 4.38
Sept 2012 -  RHB Research Institute ~ fair value 4.75

Tenaga Nasional Bhd (5347) ~ current price @ 6.92
Sept 2012 - Affin Investment Research ~ target price 6.60
Sept 2012 - CIMB Equities Research ~ target price 7.98

Oct 2012 - AmInvestment Bank ~ target price 8.15
Oct 2012 - CIMB Equities Research ~ target price 8.40

Telekom Malaysia Bhd (4863) ~ current price @ 5.39
Sept 2012 - Affin Investment Research ~ target price 6.98
Sept 2012 - Public Investment Research ~ target price 6.55

Oct 2012 - CIMB Research ~ target price 6.60
Oct 2012 - Hong Leong Investment Bank ~ target price 5.94

TH Plantations Bhd (5112) ~ current price @ 2.13
Oct 2012 -  Maybank IB Research ~ target price 2.45
Oct 2012 - RHB Research Institute ~ fair value 2.10

Time DotCom Bhd (5031) ~ current price @ 3.42
Sept 2012 - HLIB Research ~ target price 4.12

Top Glove Corporation Bhd (7113) ~ current price @ 5.60
Sept 2012 - RHB Research ~ fair value 6.26
Oct 2012 - AmResearch ~ fair value 6.50

TSH Resources Bhd (9059) ~ current price @ 2.20

Sept 2012 - Kenanga Research ~ target price 2.85
18 Sept 2012 - Kenanga Research ~ raised target price 2.95

UEM Land Holdings Bhd (5148) ~ current price @ 2.18
Sept 2012 - Kenanga Investment Research ~ target price 1.85

UOA Development Bhd (5200) ~ current price @ 1.73
Sept 2012 - Kenanga Investment Research ~ target price 2.30

Wah Seong Corporation Bhd (5142) ~ current price @ 1.80

Sept 2012 - OSk Research ~ fair value 2.33
Sept 2012 - Hong Leong Investment Bank Research ~ target price 2.10

Yinson Holdings Bhd (7293) ~ current price @ 1.85

Sept 2012 - Kenanga Investment Research ~ target price 2.68

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

Extra ICING again from YTLPOWR (6742) ^_*

Check your share account.

YTL Power paid dividends again....weee....

Another extra ICING after the last dividends in July and April ^_*
[Previous Post]


YTLPOWR (6742) ~ Current Share Price: 1.53




Related posts:

• YTLPOWR (6742) ~ Drop to Near 1 Yr Low ~
• YTL Communications Won RM663millions 1Bestarinet Project
• YTLPOWR (6742) ~ Back to Similar Price
• YTL Power ~ A Low Risk & Sustainable Share?

Summary of KLSE Shares Posted by AWong Investment

(updated 11 November 2012)

		Posted on		Price after Posted by
		AWong Investment		AWong Investment
Code	Share	Date	Price	Highest	%	Lowest	%	Current	%
0143	KEYASIC	18-Feb-12	0.130	0.170	31%	0.095	-27%	0.170	31%
7022	GTRONIC	08-Dec-11	0.840	1.640	95%	0.800	-5%	1.390	65%
9679	WCT	25-Sep-11	2.000	2.800	40%	1.850	-8%	2.730	37%
3786	MAS	19-Sep-11	1.410	1.740	23%	0.995	-29%	1.010	-28%
6742	YTLPOWR	16-Sep-11	1.790	1.930	8%	1.530	-15%	1.570	-12%
0010	IRIS	14-Sep-11	0.145	0.205	41%	0.130	-10%	0.170	17%
2739	HUAAN	09-Sep-11	0.235	0.295	26%	0.165	-30%	0.175	-26%
6807	PUNCAK	05-Sep-11	0.950	1.890	99%	0.950	0%	1.330	40%
5031	TIMECOM	29-Aug-11	2.650	3.875	46%	2.075	-22%	3.470	31%

                                                                    By AWong Investment

* Notes: TIMECOM price based on previous price x 5

"The Share I'm Looking At..."

Here is my 1st edition ^_*

I'm selling it for RM20.00 per copy.

Interested please do email me: 

awonginvestment@yahoo.com
 

and I will email you the details to pay for the copy. 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.

Good luck with your investment!! ^_* 

Sunway Eastwood @ Seri Kembangan

Project name:          
Sunway Eastwood
Area:                       
Seri Kembangan
Developer:               
Sunway Eastwood Sdn Bhd 

Type:                      
Semi-D
Tenure:                   
Leasehold

Price range:             
from RM1,650,000
Size range:              
from 3,321 to 3,972 ft2

Price/ft2 range:         
from approx. RM497/ft2
Total Units:
118units
Maintenance fees:
approx. RM0.20/ft2

*Above info @  Dec 2011 

You can get more info from following website:
http://www.sunwayproperty.com/pd/scpdd_Sunway_Eastwood_Phase_1.aspx
http://www.iproperty.com.my/developments/developmentreview.aspx?pid=2339

The Developer: 
This is a JV project between SunwayMas Sdn Bhd and Massive Profit Sdn Bhd.


Location:

Sri Kembangan is quite far away from KLCC, it is in between Puchong and Kajang. The Site Location is closed to The Mines.

Google Map

Price:
Compare with SOHO development in Seri Kembangan:

• Flexis @ One South ~ price from approx. RM540/ft2 (price info @ Jan 2012) ~ Sunway Eastwood is approx. 8% lower [Read My Previous Blog]

Compare with Condo development nearby:

• Zefer Hill Residence @ Puchong ~ price from approx. RM403/ft2 (price info @ Dec 2011) ~ Sunway Eastwood is approx. 23% higher [Read My Previous Blog]
• Koi Prima (Phase 1) @ Puchong ~ price from approx. RM303/ft2 (price info @ Nov 2011) ~ Sunway Eastwood is approx. 64% higher [Read My Previous Blog]

Compare with Semi-D development nearby:

• New England @ Putrajaya, section 24 ~ price from approx. RM355/ft2 (price info @ Dec 2011) ~ Sunway Eastwood is approx. 40% higher [Read My Previous Blog]
• Taman Nadayu 92 @ Kajang ~ price from approx. RM338/ft2 (price info @ Dec 2011) ~ Sunway Eastwood is approx. 47% higher [Read My Previous Blog]

My View:

Based on the above information, the price/ft2 seems similar for SOHO unit in Seri Kembangan. If you prefer more space then Semi-D is a better option.

If you compare to Condo developments in Puchong, the price/ft2 is a lot higher ~ worth to pay extra for a Semi-D?

Also compare to Semi-D in other places nearby, the price/ft2 is much higher ~ worth to pay extra? 

Based on 90% loan for RM1,650,000, say BLR6.6%-2.4% = 4.2% interest per annum, for 30 years. The monthly repayment is approx. RM7,261. If you are planning to buy & rent out for investment, you need to take these into consideration:

Will ppl willing to pay more than RM7,261 per month to rent a place in Seri Kembangan?

Don't forget the approx. monthly repayment of RM7,261 excludes following items:

a) Maintenance fees (approx. RM664/month)

b) Assessment tax

c) Quit rent

d) Interest rates increased for the loan (this is the main risk as BLR still low at the moment)

Buy & rent market, this is not really a good investment opportunity as you are targeting smaller group of people, eg. expat or people working in Seri Kembangan or nearby. For RM7,261/month, you can easily rent a condo nearer to KLCC (size smaller).

For own stay and location is not an issue, you might consider those Semi-D nearby which are cheaper in terms of price/ft2.

Other developments with similar RM/ft2:

• Vega Residensi 1 @ Cyberjaya by PKNS
• Olives Residences @ Subang Jaya
• Altitude 236 @ Cheras by IJM Land