Optimistic view: Airport operator MAHB’s new operating agreement with the government will pave the way for its stock to be rerated, says CGS-CIMB.
PETALING JAYA: The new operating agreement (OA) between Malaysian Airports Holdings Bhd (MAHB) and the government could be an impetus for a re-rating catalyst for the airport operator.
The agreement is yet to be signed, but CGS-CIMB in a report said it will pave the way for the stock to be rerated.
It believes the new OA will be investor-friendly, and create the sustainable long-term development of MAHB, which has been hit by the Covid-19 pandemic in terms of passenger traffic growth both in Malaysia and Turkey.