Equity Analysis /
Malaysia

MY : Malaysia Airports Holdings - Vaccine rollouts give hope for recovery

    Raymond Yap
    Raymond Yap

    Head of Regional Transport

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    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    Reiterate Add with an unchanged DCF-based target price of RM5.97; as vaccine rollouts make progress, we expect MAHB’s share price to recover. The signing of the new OA in Malaysia, following positive outcomes in Turkey on debt and concession fee payments, would be additional positives.