Posted by cchin > 2014-05-19 09:02 | Report Abuse

Run run run ......

Posted by SJSOON > 2014-05-19 09:02 | Report Abuse

MAS will drop to 0.10.

Posted by tekken > 2014-05-19 09:02 | Report Abuse

woho

Posted by tekken > 2014-05-19 09:03 | Report Abuse

bleed

Posted by tekken > 2014-05-19 09:06 | Report Abuse

16 billion

Posted by SJSOON > 2014-05-19 09:07 | Report Abuse

Bagus, 0.155.

Posted by wolf515 > 2014-05-19 09:08 | Report Abuse

I listening "Skyfall" song, LOL.

Posted by samjoeys > 2014-05-19 09:08 | Report Abuse

told u guys, run, now touch 0.15, later more to come, read today star paper,

Posted by 88et88 > 2014-05-19 09:16 | Report Abuse

regarding?

Posted by Andre Kua > 2014-05-19 09:16 | Report Abuse

Condolence to all MAS believers

Posted by nazrul90 > 2014-05-19 09:19 | Report Abuse

i will buy at 10 sen.

Posted by samjoeys > 2014-05-19 09:20 | Report Abuse

regarding

MAS should go for Section 176 of Companies Act

BY B K SIDHU


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THE tragic disappearance of MH370 has taken a huge toll on Malaysia Airlines (MAS). Since the plane vanished on March 8, the airline has cancelled close to 900 flights.

Cancellations were mainly for China and Asian flights, and demand seems to have hit rock bottom. In March, sales in China fell by 60% after the MH370 was lost.

Recently, one of its flights to Bali had less than ten passengers and it would have been wiser to cancel the flight rather than endure a big loss to proceed with that flight. The decline in the number of passengers was also seen on its 500-seater A380 flagship route to London, where on some days the plane carried about 200 passengers.

Flying with less than 30% load means MAS is flying at a loss and as it stands, MAS is burning up to RM2mil in cash a day. Couple with finance cost, the cash burn rate is RM4mil.

MAS has RM3.37bil cash at the end of March but that amount has since fallen to RM2.8bil. If nothing is done, its cash reserves can be depleted by 2015/2016. It has liabilities of RM11.8bil and net debt level of RM8.5bil as at end-March.

After MH370 and the cancellations, MAS cannot continue to operate in its current form. It needs to shrink its size, and high costs is its biggest liability.

Even Prime Minister Datuk Seri Najib Tun Razak said on Thursday that it was too late to save the airline in its current form. He is saying that bankruptcy might be among several options to restructure MAS.

MAS sank further in the red with RM443mil net loss for the three months ending March this year, and its fifth consecutive loss.

Though MH370 is a factor in the loss, the amount is its biggest in over two years and that means all the numerous restructuring exercises undertaken over the decade have not been able to put it on a profitability path.

Granted, the industry is ever evolving and there is competition from new players. MAS has legacy issues. But after undergoing so many restructuring exercises, some which has been quick fixes, MAS has remained in the red five out of the past ten years.

It has come to a situation where its survival today is questionable and the fact that its yields are depressed at 22.5 sen and its cost per available seat km (ask) at 22.8 sen is higher than its revenue per ask of 17.2 sen.

The team at MAS is rewriting its business plan to restructure the airline once again.

CIMB Research in a note said that “vested interests has destroyed many restructuring in the past, so will this one be any different?’’

In the past some tough decisions were not undertaken as being a national carrier it had to succumb to political overriding over commercial reasons, and had to serve the social agenda.

But many have forgotten that MAS is a company first, and it has to make money.

The way out this time would be to collapse MAS, seek for Section 176 of the Companies Act for protection from creditors whilst it restructures. Do a capital reduction and of course shareholders will have to take a hit.

It may be a viable way to park the debts in the old MAS and set up an new operating unit to fly the routes and no need to close the airline for a day. To do that, contracts need to be renegotiated and the ones that will feel the pinch are the staff.

Their terms may be compromised and should MAS network shrink, then that will lead to job cuts. The figure floated around is 4,000 to 7,000 jobs may be slashed. It needs to realign its airline and non-airline operations, it should learn from successful examples like Garuda, Japan Airlines and many more.

If there are job cuts, then it has to be done professionally, appoint an agency to evaluate what jobs are needed and what can be reduced and pay the employees a reasonable sum. Don’t forget they have served the airline when in boom and bust times.

And if reducing cost is the main focus, then some of those earning RM100,000 or more a month should be among the first to take a pay cut.

Re-doing MAS is going to be tough with political inferences, but it is time for MAS to bite the bullet. Either save the airline or be a popular government.

The good thing is that the government has also said that it will not inject new cash, but MAS will need more money in the future. Since 1998, some RM16.7bil has been pumped into the airline to keep it afloat via rights issues and government-backed debt.

The route ahead is filled with turbulence and while the current team is busy rewriting the new plan, there is also a group out there being courted to take over. Whatever is done should be in the interest of the airline.

Posted by 88et88 > 2014-05-19 09:24 | Report Abuse

Old news, we all knw about that, just wondering who is buying at 0.155/0.16, got ppl selling sure got ppl buying. And the reason of why our 'Boss' want to make MAS share price drop. Why need to announce through public channel to inform everyone.

Posted by andychucky28 > 2014-05-19 09:25 | Report Abuse

If they are intelligent enough, they should privatize MAS instead of going for bankruptcy. It look so bad on the country.

Posted by samjoeys > 2014-05-19 09:27 | Report Abuse

they will press down somemore to collect more, then will announce to sell , then price will shoot above 0.5,, lets see my guess, me waiting further down then will go in,

Posted by 88et88 > 2014-05-19 09:27 | Report Abuse

I believe it is not the Q1 result that make the price drop, it is our 'Boss''s comment last week. EPF is holding this share as well. We are all unofficially MAS share holder.

Posted by Andre Kua > 2014-05-19 09:29 | Report Abuse

It had to go. This company is like a mini BN. Impossible to reorganise one.

Posted by 88et88 > 2014-05-19 09:30 | Report Abuse

lets wait and see :). Luckily I bought very little last friday.. Wait for the price to stable then go in again...

Posted by richman > 2014-05-19 09:30 | Report Abuse

takeover also must retain the same old staff

Posted by samjoeys > 2014-05-19 09:31 | Report Abuse

NationHome > News > Nation

Published: Monday May 19, 2014 MYT 12:00:00 AM
Updated: Monday May 19, 2014 MYT 8:12:51 AM
PAC urges Government to give up MAS

BY MARTIN CARVALHO, BEH YUEN HUI, AND A. RAMAN



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THE public accounts committee (PAC) has urged the Government to consider giving up its interest in loss-incurring Malaysia Airlines.

In its front page report, Sinar Harian quoted PAC chairman Datuk Nur Jazlan Mohamed as saying this would reduce the burden of using the people’s money to consistently bail out the national carrier.

He said there were several options to save the troubled airline, including privatisation and opening opportunities for investors, including foreign companies, to take up its shares.

“The issue now is whether spending the rakyat’s money wisely is more important than ‘saving face’ for MAS as a national entity,” he was reported as saying at an event in Johor Baru on Saturday.

Nur Jazlan, who is Pulai MP, said he agreed with Prime Minister Datuk Seri Najib Tun Razak that if the big obstacle of financing the airline could not be overcome, there should be other more prudent ways to resolve the issue.

MAS incurred first quarter losses amounting to RM443.4mil this year, which was higher than the RM278.8mil losses incurred for the same period last year.

The MH370 incident was cited as among the causes for the higher losses.

Posted by 88et88 > 2014-05-19 09:33 | Report Abuse

Giving up? So there will be a 'hole' in our EPF money?

Posted by richman > 2014-05-19 09:33 | Report Abuse

so tempted to bullet in more WA may not get this opportunity again

Posted by richman > 2014-05-19 09:34 | Report Abuse

sorry talking about nesgram-WA

Posted by samjoeys > 2014-05-19 09:36 | Report Abuse

guys is it woth to buy mas cv?????

Posted by Andre Kua > 2014-05-19 09:39 | Report Abuse

88et88, the hole is already there. If we bailout, it will only get bigger.

Posted by kenneth89 > 2014-05-19 09:40 | Report Abuse

mas 0.155 vs 0.16

who will win?

Posted by jwyap > 2014-05-19 09:41 | Report Abuse

0.185

Posted by samjoeys > 2014-05-19 09:42 | Report Abuse

guys see the play queee, buy and sell, they are now doing cycling, dontr get trapped by their trick.. buy 0.155 and sell 0.16, it will continue this whole day.

Posted by ipomember > 2014-05-19 09:42 | Report Abuse

we have over 1000 stocks in bursa, but mas alone traded 1/3 of total volume for today. so sarcastic

Posted by samjoeys > 2014-05-19 09:42 | Report Abuse

now seee go to 0.15 and 0.155, later recycle again and drop more, dont in

Posted by Wong > 2014-05-19 09:43 | Report Abuse

Hahaha...if u guys think mas will further drop...buy MAS-HA Hahahaha.....

The drama line is always the same...just this time,bankruptcy came from PM mouth....remember final quarter of 2013?biggest loss and on friday...rumours start again on selling mas n privatisation and mass shoot from 210 to 230 or somethinf..too bad MH370 happen on sat that made mas crash on following monday. Question now is,when will the drama start hahaha...

Posted by Wong > 2014-05-19 09:43 | Report Abuse

Samjoey..155 win hahaha...

Posted by 0007 > 2014-05-19 09:44 | Report Abuse

Mas trader not bad , keep pushing down
And earning money , tp 0.01

Posted by derricksyl > 2014-05-19 09:44 | Report Abuse

BANKCRUPT SOON, SO MAS CAN CUT OFF ALL DEBT

Posted by samjoeys > 2014-05-19 09:44 | Report Abuse

yes 0.155 now second quarrel btw 0.15 and 0.155, who will win????

Posted by kenneth89 > 2014-05-19 09:46 | Report Abuse

mas bankrup then brahim also finish

Posted by Wong > 2014-05-19 09:47 | Report Abuse

Yeap kenneth..but brahim only drop 6cents so far hahaha...still calm lol....brahim 75% turnover from MAS lol

Posted by samjoeys > 2014-05-19 09:47 | Report Abuse

yeah guys scary see the vol,, dont knoiw how much today total vol for mas.... 400 mil?

Posted by walawalabingbang > 2014-05-19 09:49 | Report Abuse

MAS will not going fall...coz the services is the best...but down is ok coz we can gain money..soon will be flying high back..coz of one world alliance is very strong...they can survive but slow...risk at ur own

Posted by walawalabingbang > 2014-05-19 09:50 | Report Abuse

my 1st entry .15 LOL..

Posted by walawalabingbang > 2014-05-19 09:50 | Report Abuse

but i saw it will bounce back

Posted by khlim2889 > 2014-05-19 09:51 | Report Abuse

I think soon will like MH370 lost in Bursa ............bye bye

Posted by buybuybuy > 2014-05-19 09:54 | Report Abuse

This shares is going down fast and will announce bankrupt in 2014. Cut your loss now. Dont ever think this share will bounce back. Sell call target price 0.01

Posted by 0007 > 2014-05-19 09:54 | Report Abuse

Mas b4 suspend n die , atleast can kill
Public capital 1b .

Posted by samjoeys > 2014-05-19 09:55 | Report Abuse

i quee 0.005 1 mil shares

Posted by sudahkena > 2014-05-19 09:57 | Report Abuse

If bankrup... khazanah will lose money.....

Posted by 88et88 > 2014-05-19 10:00 | Report Abuse

talking about cut loss, how u cut loss if no ppl buy from you? See the volume i also scare. :S

Posted by afifi > 2014-05-19 10:01 | Report Abuse

wait najib statement ..mengelabah lak kau beli...

Posted by Steve Jub > 2014-05-19 10:03 | Report Abuse

wa

Posted by SorhaiFatCat > 2014-05-19 10:04 | Report Abuse

salvage your 15c while you still can, tomorrow lagi teruk..