PETALING JAYA: Maybank IB Research has slashed 43% off its target price for Malaysia Airlines (MAS) to a mere 12.5 sen on concerns the ailing airline cannot wait six to 12 months for a new turnaround plan.
This is the lowest value tagged to MAS in recent times by a brokerage. Maybank IB Research’s target price is 44% lower than MAS’ last close of 22.5 sen.
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