KUALA LUMPUR: Shares of Malaysia Airports Holdings Bhd (MAHB)climbed in early trade on Friday, Oct 28 after it received the government approval to raise international passenger service charge (PSC) and aircraft landing and parking charges.
At 9.27am, MAHB share price was up 17 sen to RM6.05.
The FBM KLCI was up 11.46 points to 1,482.39. Turnover was 427.22 million shares valued at RM279.17 million.
Hwang DBS Vickers Research (HDBSVR) is maintaining a Buy on MAHB and raised the sum-of-parts based target price to RM8.10 from RM7.60 after an earnings upgrade.
'We continue to like MAHB for its long-term earnings potential from its cash-rich airport concession, land development, as well as overseas investments,' it said.
MAHB had received approval from the Ministry of Transport to raise the international passenger service charge (PSC) and aircraft landing and parking charges.
Effective Nov 15, International PSC for KLIA will increase from RM51 to RM65, while rates for LCCT KLIA and Terminal 2 Kota Kinabalu will increase from RM25 to RM32.
MAHB will increase aircraft landing and parking charges by 9% and 18% per annum, respectively, on Jan 2012, Jan 2013 and Jan 2014.
'This is positive as we expect minimal incremental costs for MAHB,' it said.
At 9.27am, MAHB share price was up 17 sen to RM6.05.
The FBM KLCI was up 11.46 points to 1,482.39. Turnover was 427.22 million shares valued at RM279.17 million.
Hwang DBS Vickers Research (HDBSVR) is maintaining a Buy on MAHB and raised the sum-of-parts based target price to RM8.10 from RM7.60 after an earnings upgrade.
'We continue to like MAHB for its long-term earnings potential from its cash-rich airport concession, land development, as well as overseas investments,' it said.
MAHB had received approval from the Ministry of Transport to raise the international passenger service charge (PSC) and aircraft landing and parking charges.
Effective Nov 15, International PSC for KLIA will increase from RM51 to RM65, while rates for LCCT KLIA and Terminal 2 Kota Kinabalu will increase from RM25 to RM32.
MAHB will increase aircraft landing and parking charges by 9% and 18% per annum, respectively, on Jan 2012, Jan 2013 and Jan 2014.
'This is positive as we expect minimal incremental costs for MAHB,' it said.
No comments:
Post a Comment