Q: Please give your opinion on MAL's earnings. Would you buy , hold or sell right now? Thanks.
5i Research Answer:
EPS of 6c beat estimates of 3.5c. Revenue of $213M was ~1% better than forecast. EBITDA of $18.5M was 14% better. The company noted the outlook remains positive for both the commercial and defense segments, despite continued labour shortages. Revenue rose 11%, EBITDA rose 24% from last year. It was a good quarter. That being said, the stock remains weak due to its high earnings volatility, higher than average debt and tight float (one shareholder at ~80%). But consensus calls for very good EPS growth in 2024 and if it can executed we would expect more investors to pay attention.