National airline Malaysia Airlines (MAS) has suspended the president of the National Union of Flight Attendants Malaysia (Nufam), Ismail Nasaruddin, for a statement he made to the media against MAS chief executive officer Ahmad Jauhari Yahya, pending a domestic inquiry.
expecting very good results for MAS when they announce it next Monday.. usually , good result is announced on Monday so that investors can continue to buy non-stop for few days till Friday. for bad news, usually they will announce in on Friday night, so that investors would be emotional and sell non-stop, weekends to cool down... hope my guess is right :)
mas will report a profitable quarter, talk about new planes + growth now :)
MAS said to consider buying 17 jets?
Publish date: Thu, 14 Nov 14:59
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MAS Malaysian Airline System Bhd may order at least 17 planes to replace its aging Boeing Co 777-200s as the state-run carrier seeks fuel-efficient aircraft to pare costs, a person familiar with the matter said.
Malaysian Air is considering both Boeing and Airbus SAS jets for the order and will take a decision on the manufacturer and type of planes in the first quarter of 2014, said the person, who asked not to be identified as the information is private. The carrier aims to add the new planes starting 2017, the person said.
The company is upgrading its fleet after fuel costs and competition from discount carriers including Malaysia's AirAsia Bhd pushed it into two straight annual losses. Budget operators in Southeast Asia have ordered at least 1,000 new aircraft in the past five years as economic expansion across the region enables more people to start flying in countries such as the Philippines and Vietnam.
Malaysian Air Group chief executive officer Ahmad Jauhari Yahya couldn't be immediately reached for comment as he's traveling overseas. Datuk Najmuddin Abdullah, the airline's head of strategic communications, also didn't respond to an e-mail and telephone calls.
The carrier, based in Subang Jaya, Malaysia, will take delivery of 24 new aircraft this year and another 25 over the next two years, Ahmad Jauhari said in a June 11 interview in Kuala Lumpur. The carrier ordered 15 Airbus and 35 Boeing planes in 2011.
The airline is retiring 30 aircraft from its fleet this year to cut costs. New planes typically consume less fuel than older aircraft. With the retirement of old planes and new aircraft coming, the average age of Malaysian Air's fleet of 110 planes will be 5.4 years by end of this year, Ahmad Jauhari said then.-- Bloomberg
if MAS is able to attract any middle eastern airlines to buy at least 5% of its shares from the open market, then its price will fly non-stop.... this had happened to an Australian airlines before. now, middle eastern airlines have also joined one world alliance, it is possible.
MAS is the glory of Malaysia. I guess all of us has a bit of heart on this....money matters also over loyalty.........can buy n wait for Monday's result..i think it will be good.
At 35 sen Mas is trading at 83 sen cum right price, it should trade at 38 to 40 sen which work out to be rm 1 before Mas call for right issue. It is this massive right issue that technically caused the stock price to plummet to 31 to 33 level, giving chance to the big boy to accumulate cheaply. The recent drop of crude oil price due to easing of tension in Iran and Syria provide a good reason for airlines stock to perform. The last 12 trading session saw the big boys depresiing Mas stock to 33.5 to 34 sen level, and accumulating in a big way. Mas is expanding its capacity and grabbing bigger market share at the right time. With the jet fuel price falling and in the near future could be even bigger quantum, MAS definitely does not deserve to trade at this level (35 sen).
pls donot be frightened by the multiple sell order of 5000 to the buyer, they are buying quietly by executing mutiple buy order of 1000 each, follow by some small order like 50 and 100, then at 1000 again.
Wondering why the price kept trolling at that range for months. This could be controlled by those big boys to acculate more cheaply share. Just my thought.
In order to buy big quantity of shares, and not causing alarm to the other buyers or investor, they would hv to sell down again, creating a false signal that the stock is very heavy to move. But if notice carefully, it would not go down to 31 sen like before. Fr 31 to 40 sen, then it drop to 31.5sen level, resume its climb to 37 level, then again to 33.5 to 34 level, now it is climbing again at 35 sen
after next Monday, the perception on MAS will change, once a profitable quarter has been reported. then, investors would rush in to chase the share price up, normal in the stock exchange. now, some investors are still hesitating to buy :)
Mas was trading fr rm1 to rm1.1 before the announcement of right issue, now right issue completed, it has raised rm3 billion cash, the risk of going under has diminished, now it can stand tall and grab market share. Is n't it should perform now? It could be the last chance to buy MAS at current level!
pls stay cool and relax while the big boys trying to scare people to buy, and induce people to sell, believe in yourselves, the price is ridiculous low now. the biggest cost of operating an airline fuel is falling !!!
MAS closed high today at 35 sen. The last two day they pressed it down to 33.5 sen and 34 sen. But today they go against the odd by closing higher, they are telling us they want it to trade higher, confidence is slowly coming back. Don't be affected by the traders who sell down AGGRESIVELY, YOU WILL BE REWARDED SOON
Results will be out soon. Is it going to be another disappointment? Opinions among funds are varied. But one thing is sure. If the next Quarter result is behind expectations, be prepared for MAS share to sink further. Last August, within 5 days of the release of the result, overhanging shares increased by half a billion, to date the overhanging figure has not recovered. An analyst anticipate a net profit of RM17 millions which is equal to 0.1 of a sen per share. A run up could be overdone if only RM17 mills net profit is achieved.
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Posted by kkanagasg > 2013-11-14 11:14 | Report Abuse
National airline Malaysia Airlines (MAS) has suspended the president of the National Union of Flight Attendants Malaysia (Nufam), Ismail Nasaruddin, for a statement he made to the media against MAS chief executive officer Ahmad Jauhari Yahya, pending a domestic inquiry.