Archive for August 17th, 2013

Why MAS Share Is On Cheap Sale?

by Koon Yew Yin
16th Aug 2013

As a long term serious investor, I have a closer look at the cheap share price of MAS. Why is it selling at 33 sen. about one third of its par value?

Many market analysts have already covered MAS and Idris Jallal has said that the company should be sold off as soon as possible. My intention of writing this piece is to help the BN Government decide to put in the final nail to bury MAS to save tax payers’ money. Obviously the Government did not see my previous article “Why MAS Is Still Flying” which I published about a year ago. It is important and worthwhile to include some of the points I mentioned earlier in my previous article.

The latest 1st quarter 2013 ending March shows that MAS lost Rm 279 million. In 2012, 2011 and 2010 the company lost Rm 433 million, Rm 2.424 billion and Rm 234 million respectively.

As usual, there are the incorrigibly optimistic cheerleaders for the airline who are unable to see the writing on the wall. These ‘experts’ are still touting that the company is in recovery mode and will soon be returning to profitability.

The market however sees the prospects for the airline differently. During the past few days the airline share has been trading around 35 sen level. This is about the lowest share price that the airline share has recorded during the past many years. Without the support of government-linked funds and left to market forces alone, it is possible that the share price of MAS will drop even more. Read the rest of this entry »


The escalating religious intolerance must stop

– Lawyers for Liberty
The Malaysian Insider
August 16, 2013

Lawyers for Liberty views with extreme concern the escalating religious intolerance in Malaysia where in recent months, several minor incidents of perceived insult against Islam have been blown completely out of proportion by Umno leaders, their supporters and the mainstream media – leading to the arrest and remand of Maznah Yusof, known as Chetz, and Syed Ahmad (the resort owner), and in Alvivi’s case, criminal charges and denial of bail (which was later reversed after eight days in prison).

While religion especially Islam is a sensitive subject to most, this however must not detract from the fact that Malaysia is a multi-racial and multi-religious democratic state with established democratic norms including the Federal Constitution guaranteeing fundamental rights, rule of law, due process and other practises that mark Malaysia as a
modern and civilised state.

Religion like any other important issue cannot escape from being subjected to scrutiny, comment, satire and to the less eloquent, insult and condemnation.

The government and state institutions such as the police, Attorney-General’s Chambers and Jakim, instead of advocating harsh action, should take a more measured approach in diffusing this obvious attempt to pit Malay/Muslim against other ethnic group/religion and explain why Islam or any other religion should not be subjected to insults. Read the rest of this entry »