Malaysia’s stock market trading will start at 9.30 am Malaysia time today as the pre-opening phase has been extended, Bursa Malaysia Bhd said in a statement.
The delay in the start of trading came after the auto buying-in orders weren’t displayed.
The exchange is in the midst of rectifying the issue, it said in a separate statement earlier. - Bloomberg
AIRASIA
AirAsia says Q1 load factor rises
Malaysia’s AirAsia, Asia’s biggest budget carrier by fleet size, is on track to achieve double-digit passenger growth this year as demand grew in the first-quarter from a year ago.
AirAsia’s January-March load factor, or percentage of seats filled, were higher than what it achieved in the same period a year ago, said its regional head of treasury Aireen Omar.
“Based on the performance in the first-quarter, we believe we should be able to achieve our target of passenger growth of double digits this year,” Aireen, a former investment banker, said in an email interview.
AirAsia, Airbus’ biggest customer for the A320-200, will take delivery of 16 aircraft this year to replace its older Boeing 737 in Thailand and Indonesia, said the executive.
It will take delivery of another 89 new aircraft from 2011 to 2015, she said.
Last year, AirAsia pushed back the delivery schedule for some of its orders with Airbus after the airline industry was hit hard by the global financial crisis.
Aireen does not expect further rescheduling for now.
“Overcapacity is not a concern as we are seeing growth in our load factors. We don’t see any adjustment required in the forseeable future,” she said. - Reuters
Affin maintains 'reduce' rating on MAS
Shares of MAS traded higher right after the announcement of its better-than expected Q4 2009 results, gaining some 15 per cent to peak at RM2.19. Share price has since eased slightly to RM2.18, and despite the retracement, valuations is still lofty.
Affin said the target price remains unchanged at RM1.89, pegged to current year 2010 price earning ratio of 21.5 times, in line with the average valuation accorded during the last up cycle back in 2007.
Affin maintains the "reduce" rating on concerns over yields recovery (a function of ticket prices).
It said while the worse may be over, judging by the strong passenger figures reported for Q4 2009 and forward booking trend, heavily discounted airfares are still prevalent.
"This will curb a substantial recovery in yields and hence, profitability. As such, we believe it is still too premature to turn positive on MAS." - Reuters
A lot of news about my lovely babes..but i take a decision to HOLD..and considering to release some of the stock soon.
No comments:
Post a Comment