In Malaysia, we cannot argue about the stock market for Air Asia that is now overpriced. Its share as per par value is only worth 10 cents while MAS share is worth RM1.00.
If par value is only worth RM0.10, its shares should be approximately around RM0.367 but it has been sold as RM3.670 in Malaysia market. Crazy isn’t it? But it is not crazy and this is called “insider trading”.
20.5% of of MAS shares swapped with 10% of Air Asia shares. That clearly shows either crossed-eye calculation by the ladies in charge in “K” or “Big AngPow” resulted from share swap with one condition to collaborate with MAS because there’s a lot of goodies in MAS benefiting by simply just tying the knots with MAS.
(1) FOC tickets and services inclusive of MRO
(2) Outsourcing services whichever can increase ancillary revenues
(3) Free sponsorships at the expense of the national carrier – simply put, if MAS can sponsor RM18 million for QPR, MAS can also sponsor free bungalow for the newcomers and not to mention free scholarship for families
(4) The buying of A330 from the new BOD to make him richer and to be next trillion-aire
Long story short, all of the above cannot be done without the top gun’s approval. Simply put, only commission earner will support such collaboration plan.