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Brokerage cuts MAS target price by 43%

Wednesday, June 25, 2014 - 06:00

[PETALING JAYA] Maybank IB Research has slashed 43 per cent off its target price for Malaysia Airlines (MAS) to 12.5 sen on concerns that 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