Shares of Malaysia Airlines Bhd have advanced over the past weeks due to falling fuel costs. Hwang-DBS last week noted that the price of jet fuel has plunged 33% from its peak of US$186 in early July, but remained 75% higher from last year at US$139 per barrel.
Analysts, however, are wary on the upside prospects of MAS as the airline is trading at a premium against its regional peers, while its margins remained one of the lowest in the sector.
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