MAS, AIR ASIA, KNM

Malaysian Airline System Bhd (MAS) (MAS MK, Sell, TP: RM2.00) saw an improvement in the passenger load factor for
June and July this year after it adopted aggressive strategies to boost sales. Passenger load factor for June was up to
67%, while July’s figures were up to 76% y-o-y. In the quarter between January and March this year, MAS reported a 13.1%
drop in load factor compared with a year earlier. (Financial Daily)
* * * * *
AirAsia Bhd (AIRA MK, Buy, TP: RM1.90) has teamed up with telecommunications services provider Tune Talk Sdn Bhd
(TTSB) to generate extra revenue and boost AirAsia’s branding. Under the terms of their agreement, AirAsia would
become the launch partner of TTSB and purchase 200,000 units of TTSB SIM cards worth RM860,000 that will bear both
company’s branding. The purchase would be satisfied by 5,059 e-gift vouchers in RM200 denomination, less 15% discount. It
would also market TTSB’s top-up vouchers and earn a 5% commission on total top-up sales. In return, TTSB would offer
AirAsia free advertising in the value of the purchase price. (Financial Daily)
* * * * *
KNM Group Bhd (KNMG MK, Hold, TP: RM0.84), whose share price has rallied recently, saw substantial shareholder
SmallCap World Fund Inc disposing of 2.2m KNM shares on July 24. A filing with Bursa Malaysia yesterday showed the
shares were disposed of at 88 sen apiece. After the disposal of the shares, the US-based fund’s direct shareholding was
reduced to 5.84% or 228.95m shares. (Financial Daily)
* *