What happened?
#The stock is on heavy selling pressure lately due to concern on its largest customer, Malaysia Airline System (MAS), which is in a difficult situation.
Why is it an non-event?
#Although MAS is its largest customer, the ultimate customers of Brahim's are the international passengers.
#Brahim's dominates the domestic (Malaysia) inflight catering for international flights. Therefore, as long as the international passengers in Malaysia continues to increase, Brahim's should do well.
#MAS and other airlines are just intermediaries of Brahim's
Answers to some nonsenses?
#MAS cuts routes! - why care? If you have to travel to a place(overseas) that MAS no longer fly, you still have to take a flight from another airline and still be eating food from Brahim's.
#Brahim's nasi lemak is too expensive! - So the nasi lemak sold at KL Hilton/Ritz Carlton etc is cheaper? You think airport is roadside pasar malam (night market)?
#MAS restructuring! - why care? Brahim's is already restructured with the current management (not the old management).
= Brahim's is a buy at the current price RM1.88
