Equity Analysis /

MY : Aviation - Overall - Good riddance, PCR and ART tests!

    Raymond Yap
    Raymond Yap

    Head of Regional Transport

    28 April 2022
    Published byCGS-CIMB

    Malaysia has announced that all pre-departure and on-arrival Covid-19 tests for fully-vaccinated travellers will be removed from 1 May. This will reduce the cost and risk of international travel, which we expect to lead to a stronger pace of recovery; quarantine was abolished from 1 Apr. We expect that our top pick MAHB will benefit from stronger travel volumes. Reiterate sector Overweight.