Investalks 马来西亚中文投资论坛 - 与你一起通往财务自由之路

 找回密码
 注册

最近看过此主题的会员

楼主: heamq

[公司专区] 3786PA MAS-PA 馬航-PA

  [复制链接]
x 4
发表于 2012-4-19 23:46 | 显示全部楼层

x 0 我要送花

x 4
发表于 2012-4-24 23:48 | 显示全部楼层
优先股不会违约 马航近期筹资消除疑虑
财经新闻财经 2012-04-24 18:31

(吉隆坡24日讯)分析员认为,马航(MAS,3786,主板贸服股)的可赎回可转换优先股(RCPS)——马航PA(MAS-PA,3786PA,主板优先股)不大可能会违约,估计马航近期将会筹资消除市场的疑虑。

马航PA近期的交投相当活络,该优先股目前处于93.5仙的水平,低于1令吉的赎回价格。此外,市场上也传出一些疑虑,担忧马航没有能力赎回这批优先股。

侨丰投资研究指出,目前,这批优先股已经到价,即母股目前的市价低于3.09令吉的转换价,因此,持有这批优先股的投资者别无选择,只能等到届满日让马航以每股1令吉赎回。

在2007年1月,马航宣布3配1的附加股以及3配1的可赎回可转换优先股(RCPS)计划,RCPS的售价为每股1令吉,可在4年内以3.09令吉转换为马航母股。

此外,马航必须每年支付每股3仙的股息给优先股的股东,不过,由于业绩不佳,马航至今只支付过2次这类股息。

分析员指出,赎回这批优先股对马航来说是非常沉重的负担,根据已发行4.15股优先股计算,马航需要4.15亿令吉。

净负债46亿

优先股是归类在资产负债表的债务项目里,在拥有1亿令吉现金的情况下,马航已经陷入净债务的状况,净负债46亿令吉。

至于市场担忧马航无法赎回这批优先股,因为该公司需要保留现金应付偏高的资本开销以及飞机燃油的成本,然而,分析员认为,马航违约的几率很小,因为该公司会致力维护身为国家航空公司的声誉,以及避免造成资金市场的动荡。

“预计在本月底或下月初,马航将会宣布一些筹资计划,以便消除优先股持有人的疑虑。”

闭市时,马航PA报94仙,起0.5仙或0.54%,成交量有82万9300股。马航则以1.25令吉挂收,起2仙或1.63%,成交量有77万9800股。

http://www.nanyang.com.my/node/440185

x 0 我要送花

x 4
发表于 2012-5-23 22:23 | 显示全部楼层

公司的信用不错

回复 103# norehearsal



http://announcements.bursamalays ... nt%20Attchmnt126%20

公司的信用不错
  
...... With respect ot our current Redeemable Convertible Preference Shae ('RCPS') in issue, we intend to fully redeem the said RCPS on its due date on 30 October 2012 and we have sufficient working capital and accounting reserves to do so.

x 0 我要送花

x 4
发表于 2012-5-23 22:43 | 显示全部楼层
本帖最后由 norehearsal 于 2012-8-16 22:39 编辑

x 0 我要送花

x 4
发表于 2012-8-17 06:38 | 显示全部楼层
OTHERS MALAYSIAN AIRLINE SYSTEM BERHAD ("MAS" OR "the Company")- Establishment of a Perpetual Junior Sukuk ("Junior Sukuk") Programme of Up to RM2.5 Billion in Nominal Value ("Junior Sukuk Programme")

Amended Announcements
Please refer to the earlier announcement reference number: MA120612-48354

MALAYSIAN AIRLINE SYSTEM BERHAD
10/08/2012 05:51:16 PM

TypeAnnouncement
SubjectOTHERS
DescriptionMALAYSIAN AIRLINE SYSTEM BERHAD ("MAS" OR "the Company")
- Establishment of a Perpetual Junior Sukuk ("Junior Sukuk") Programme of Up to RM2.5 Billion in Nominal Value ("Junior Sukuk Programme")


1.  INTRODUCTION
We refer to the announcement made on 12 June 2012 in respect of the approval obtained from the Securities Commission for the establishment of the Junior Sukuk Programme and the issue of Junior Sukuk thereunder.

The Board of Directors of Malaysian Airline System Berhad ("MAS") is pleased to announce that MAS has issued the first tranche of the Junior Sukuk amounting to RM1.0 billion on 12 June 2012.

The Junior Sukuk was issued at par and carries a semi-annual profit rate of 6.90% per annum up to year 10. If MAS does not exercise its option to redeem at the end of the 10th year, the periodic distribution increases by 2.5%.

The proceeds raised from this issuance shall be utilised for MAS' working capital requirements and refinancing of existing borrowings.

The salient terms of the Junior Sukuk are as set out in the announcement dated 25 May 2012.

This amended announcement is dated 10 August 2012.



x 0 我要送花

x 4
发表于 2012-12-10 00:21 | 显示全部楼层
回复 1# heamq


终于等到MAS-PA赎回,刚刚拿回现金。
这3年回报是:
2010 ~20%
2011 ~12%
2012 ~4.6%
谢谢Heamq大大!

x 0 我要送花

发表回复

您需要登录后才可以回帖 登录 | 注册 |

本版积分规则

Google 搜索本站 搜索WWW

快速回复 返回顶部 返回列表