MAS share price cheapest in 12 years, makes it attractive for privatisation

PETALING JAYA: The share price of Malaysia Airlines (MAS) has reached the bottom and currently trades at its cheapest valuation for the past 12 years, making it attractive for privatisation.

Maybank Investment Bank Research said the stock had plunged 16% since the MH370 incident and now traded at 0.87 times price-to-book value (P/BV) which was consistent with its trough valuation back in 2002 and 2008.