New plan, same story. Malaysia Airlines (MAS), at an analyst briefing
yesterday, revealed its third edition of business turnaround plan. In a
nutshell, the Company will cull severe loss making routes which are no
hopers, extract cost benefits of new aircraft, streamline business
operations and focus to enhance service levels. In our view, these plans
are not new. Maintain Hold with a target price of RM1.55/share - based
on 5.6x 2012 adjusted EV/EBITDAR.
Maybank research (8 December 2011)
Click here for full report
No comments:
Post a Comment