Malaysia and Singapore said that unrestricted air and land travel between the two countries will be permitted from 1 Apr to the fully-vaccinated. This coincides with Malaysia’s opening of its borders to all fully-vaccinated arrivals from around the world without quarantine. This is positive news for aviation, especially our top pick MAHB, which is a direct volume play. Reiterate sector Overweight.
Equity Analysis /Malaysia
MY : Aviation - Overall - Malaysia and Singapore open up borders
Head of Regional Transport @ CGS-CIMB