KUALA LUMPUR, Aug 21- Kenanga Research expects national carrier Malaysia Airlines’ (MAS) bottomline to marginally improve in the 2013 financial year given better loads and cost efficiency with its new aircraft.
MAS’ core net losses narrowed to RM542.6 million in the first half of this year from RM561.4 million chalked up last year on stronger 11 per cent revenue growth.
“The revenue increase is mainly due to better operating performance during the period as a result of its aggressive marketing strategy.
“Our call and target price for the stock is now under review as we would like to seek more clarity from the management on its turnaround strategy,” it said in a note today.
– BERNAMA
