MAS...From Muddle To Muscle

The national carrier will likely see more positive re-ratings after having a rough ride in the last few years. The key inspiring catalysts include:-
1. Improving macro picture which aides the aviation industry in better passenger loads.
2. Major fleet renewal programme which will see substantial unit cost reduction from FY2011.

Technically, the stock price is currently undergoing the base-building phase for the next up-leg.