Q: Finally back even with MAL after 3+ yrs ...... hold or sell ?
5i Research Answer:
The stock is cheap, and acting better, alongside the broader global airline/aerospace industry (JETS ETF can be used as a proxy). Forward growth and earnings estimates are expected to be good, with an expectation for margin expansion. Free cash flow is flipping positive, and it trades below book value. We expect margins to improve and would consider the name a hold, but for other names that have stronger growth potential, we also like RTX, CAE, and HEI.