I have written several times about MAS, unfortunately not in a very positive way, and I am afraid this posting will not bring much change into that.
A few days ago, the mood was positive:
The Star: "MAS heading for profit, record passenger numbers"
The Edge: "Hot Stock MAS rises 3% on possible 3Q profit"
But it was not to be, the quarterly results were announced today:
One small positive note, as reported:
But that is rather ironic, if we put it into context:
Any company that just received RM 3,074,800,000.00 in cash from its shareholders should show a decent cash position, or not?
May be the only consolation for MAS' shareholders is that AirAsia X also lost money: