Malaysia Airlines aircraft are seen at KLIA in Sepang outside Kuala Lumpur, Malaysia, - EPA
WHAT surprises me is that Malaysia Airlines’ (MAS) share price only dropped 2 sen to 19 sen yesterday, about a 10% drop after the airline revealed the extent of the financial damage to its business caused by MH370.
The action, though, was furious as attempts to defend the share price was futile in the face of an onslaught of selling. To hold the stock’s price when the company has 16.7 billion shares and the outlook bleaker than it has ever been means there could be more pain in the future.
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