Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Thursday, August 16, 2012

Maybank IB raises MAS earnings forecast

Maybank IB Research has raised the financial year 2013-14 earnings forecast of Malaysia Airlines (MAS) by 5.5 per cent and 1.4 per cent respectively.
It took into account the management's latest capacity growth guidance and better fuel consumption rates due to a younger aircraft fleet.

"The earnings forecast is premised on a fuel price assumption of US$125 per barrel, which will be adjusted as required," it said in a research note today.

The research house is also positive on prospects of the national airline breaking even in the second half of the financial year 2012.

Read more: Maybank IB raises MAS earnings forecast

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