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Tuesday, April 9, 2013

MAS (3786) ~ Another Good News for 4Q2012

MAS price is currently @ 0.80




Some updated info:
  • Dec 2012 - MAS offering Year-End Sale from 3 to 17 Dec 2013 for travel from 5 Dec 2012 until 30 Sept 2013
  • MAS started flying twice weekly from Kota Kinabalu to Shanghai, twice weekly
  • MAS added two more weekly flight between Kota Kinabalu and Hong Kong lights
  • MAS re-introduce flight from the Kota Kinabalu to Perth and Osaka
  • MAS-GMR Aerospace in talks with Spicejet to provide MRO services for its new fleet of Bombardier Q400s
  • Jan 2013 - MAS announced offering additional flights to selected domestic and international destinations during CNY
  • Firefly will increase 28 weekly flights between Subang and Johor Baru to 38 flights from 19 Feb 2013
  • MASwings starts 3 weekly flights to Balikpapan from 1 Feb 2013
  • MAS will start Airbus A380 services between KL and Paris from 1 Mar 2013 
  • MAS joining Oneworld will expand the coverage to about 840 destinations in 155 countries
  • Feb-2013 - Qantas planning to work with MAS and other partners to expand its network within Asia
  • Firefly aims to increase passenger loads from 1.6million in 2012 to 2million in 2013
  • MAS extended "Chef-on-Call" service to Business Class passengers travelling between KL and Auckland, Adelaide, Brisbane, Frankfurt, Melbourne, London, Paris, Perth, Sydney
  • MAS purchase 36 ATR 72-600s aircraft for approx. USD840million from Avions de Transport Regional GIE
  • MAS purchase 6 DHC6-400 aircraft from Viking
  • Mar 2013 - MAS started A330-300 services between Sydney and KL and will double daily flights from 1 April 2013
  • MASholidays offering holiday packages at Malaysian Association of Tour and Travel Agents (MATTA) fair. Offers are valid for travel from 17 March 2013 to 30 September 2013
  • MAS code-share with American Airlines for 5 US city which allow customers in USA and Malaysia to book directly with MAS as well as take advantage of 136 weekly connection options between US cities and KL 

Latest Financial news:

  • MAS latest 4Q2012 net PROFIT approx. RM51million - previous year has a net losses of approx. RM1,277million (Again from losses back to profit)
  • Year to date net losses approx. RM433millions - LOWER than previous year which has a net losses of approx. RM2,524million (Approx. 83% less losses)
  • Net asset per share remains same as 3Q12 at 0.64
FYI, recently EPF started to buy in MAS. From 28 March 2013 until now, they have bought up 1,620,200 shares, assumed at the lowest  price = approx. RM1,166,807.

As mentioned before, if the rights issue is 2 for everything existing 3 shares @ RM0.60, then the cost per share for Khazanah should be approx. RM1.20.

Now waiting for MAS to announce the Rights Issue Option as well as Price for the Rights.
To me ~ MAS is worth to consider. I'm hoping it will reach 1.20 if the rights issue price is as above.

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:

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