HwangDBS keeps 'hold' call on MAHB

HwangDBS keeps ‘hold’ call on MAHB

HwangDBS Vickers Research has increased Malaysia Airports Holdings Bhd’s (MAHB) forecast for 2012-2014 financial years(FY) by 4.1 per cent to five per cent after imputing lower interest payments and higher contribution from associates.

“The group will…



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HwangDBS Vickers Research has increased Malaysia Airports Holdings Bhd’s (MAHB) forecast for 2012-2014 financial years(FY) by 4.1 per cent to five per cent after imputing lower interest payments and higher contribution from associates.

“The group will no longer recognise losses for Sabiha Gokcen International Airport (SGIA) as the losses have surpassed the group’s initial investment cost,” it said in a research note today.

The airport operator has also recognised RM22 million earnings contribution from its Maldives airport year-to-date, the research house said.

HwangDBS Vickers has maintained a “hold” call on MAHB but increased the target price to RM6.20 from RM6.05 previously — BERNAMA

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