KUALA LUMPUR: The introduction of seven new local flight routes boosted domestic passenger movement by threefold in December 2020 compared to the prec.
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.
Monday, 28 Dec 2020 11:52 AM MYT
BY SYLVIA LOOI
Andy Allen is the winner of ‘MasterChef Australia’ season four and has returned to the show as a judge (right pic for illustration purposes only). Pictures via Instagramandyallencooks and Pixabay
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KUALA LUMPUR, Dec 28 Showbiz headlines have been every bit the awkward mess that is 2020.
While many stories dominated throughout the year, here are readers’ four favourites that top the list of most liked by
Malay Mail readers.
Malay Mail’s Showbiz section in 2020 was viral news of a
Monday, 28 Dec 2020 10:06 AM MYT
The ringgit opens in a positive mood after Putrajaya s announcement of a 10-year tourism stimulus plan. Reuters pic
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KUALA LUMPUR, Dec 28 The ringgit opened higher versus the US dollar today, supported by positive sentiment following the government s announcement of a 10-year stimulus plan to restart the battered tourism sector.
At 9am, the ringgit improve to 4.0550/0650 against the US dollar compared with last Thursday’s close of 4.0590/0620.
Axi chief global market strategist Stephen Innes said in the meantime, the government s move to lift the interstate travel ban starting Dec 6 has boosted domestic tourism.
5:26 PM MYT
KUALA LUMPUR: The FBM KLCI pared some of its gains at closing on Monday, as some mild profit-taking signs emerged on the local bourse.
At closing, the 30-stock index added 2.73 points to 1,643.9 after opening 1.06 points higher at 1,642.23. The index had earlier climbed to a high of 1,655.96 and fell to a low of 1,639.92.
There were 701 gainers, 549 losers and 407 counters unchanged. Turnover stood at 8.71 billion valued at RM3.9bil.
In today’s session, 15 of the KLCI-component stocks chalked up gains while nine counters fell and six counters closed unchanged.
Dealers said news on the US stimulus package boosted investor sentiment coupled with upbeat data from China.