Thursday, September 22, 2011

OSK Research maintains Sell on MAS

KUALA LUMPUR: OSK Research is maintaining its Sell call on MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) at RM1.40 and has a fair value of RM1.35.

It said on Thursday, Sept 22 that MAS's board of directors had last week appointed Ahmad Jauhari Yahya as it new managing director.

'We believe that he has the right leadership and skill set to navigate through MAS transformation process although we note that the timeline for this change to become fruitful would not be immediate.

'Reiterate SELL call with FV unchanged at RM1.35,' it said.

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