Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 6.94 |
Showing posts with label AIRPORT. Show all posts
Showing posts with label AIRPORT. Show all posts
May 6, 2015
Earnings under pressure from rising costs
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 7.26 |
April 30, 2015
Contract Win in Qatar and Updates on Mitsui Outlet Park KLIA
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 7.58 |
April 29, 2015
On Track to Achieve 3% Growth in Passenger Movement
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 6.94 |
April 13, 2015
Mar passenger traffic
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 7.53 |
March 25, 2015
Divestment of 10% Stake in Delhi International Airport
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 7.53 |
March 24, 2015
Crystalising Airport Investment
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 6.74 |
March 11, 2015
Subdued February Despite CNY
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 7.53 |
February 12, 2015
January Passenger Traffic Subdued
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 7.53 |
January 16, 2015
Passenger Movement Surged 4.7% in 2014
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 6.79 |
January 14, 2015
Passenger Growth to Decelerate in 2015
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 7.53 |
December 15, 2014
Securing New Contract Worth RM192mn
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 6.87 |
November 4, 2014
Ballooning cost from KLIA2 operation
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 7.53 |
October 27, 2014
Facing a Tough Investment Choice
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 7.49 |
October 7, 2014
4Q14 Passenger Movement to Remain Soft
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 7.82 |
July 25, 2014
AIRPORT - Cost Escalation Post KLIA2 Opening
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 7.82 |
AIRPORT - KLIA2 depreciation hits as international passenger traffic stalls
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 8.02 |
July 22, 2014
TA - Passenger Growth Moderated to 5.8% in 2Q14
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 8.09 |
April 25, 2014
AIRPORT - Passenger Growth to Moderate to Single-digit
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: TA | Price Call: SELL | Target Price: 8.09 |
February 5, 2014
Alliance maintains 'buy' on MAHB
Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
Alliance Research has maintained its 'buy' call on Malaysia Airport Holdings Bhd despite news that it has yet to receive
the Certificate of Completion and Compliance for the klia2 terminal building.
In a note, the research firm said investors should accumulate MAHB shares on any sell-down due to potential delay in the opening of klia2 as its long-term fundamentals remain intact.
"MAHB continues to represent a lower risk alternative to airlines in order to ride on the Visit Malaysia Year 2014 investment theme.
"There are also various potential share price catalysts on the horizon such as favourable settlement in relation to the expropriation of its investments in Male International Airport, turnaround in Istanbul Sabiha Gokcen's financial performance, and extension of concession agreement to 2069," it added.
Alliance Research said it cannot rule out the possibility of a delay although the airport operator's management has remained firm in its commitment to the targeted opening date of May 2.
Even if the handover of the terminal building takes place this month, there may not be sufficient time to undertake the Operational Readiness and Airport Transfer process, which will require three months to complete.
"Nevertheless, we remain convinced that a short-term delay in the opening of klia2 represents only a temporary setback to MAHB with limited consequence on our discounted cashflow valuation as it will only have an impact on our financial year 2014 earnings forecast.
"Passenger traffic should remain robust as congestion at the low-cost carrier terminal (LCCT) is unlikely to deter holidaymakers from travelling," it said.
In addition, Alliance Research said any shortfall vis-'-vis its aeronautical revenue forecasts due to potentially slower passenger growth at LCCT could easily be compensated by the higher passenger service charges from Malindo which will continue to operate from the Main Terminal Building until klia2 opens.
Therefore, the only significant potential downside to earnings forecast would be lower rental income and retail revenue, due to less commercial floor space available in FY14.
Alliance Research has also kept the target price on MAHB unchanged at RM10.46, based on DCF valuation.
As at 10.58am, the airport operator's shares rose six sen to RM8.21 with 123,900 lots changing hands.-- Bernama
Company Name: MALAYSIA AIRPORTS HOLDINGS BHD
| Research House: ALLIANCE | Price Call: BUY | Target Price: 10.46 |
Alliance Research has maintained its 'buy' call on Malaysia Airport Holdings Bhd despite news that it has yet to receive
the Certificate of Completion and Compliance for the klia2 terminal building.
In a note, the research firm said investors should accumulate MAHB shares on any sell-down due to potential delay in the opening of klia2 as its long-term fundamentals remain intact.
"MAHB continues to represent a lower risk alternative to airlines in order to ride on the Visit Malaysia Year 2014 investment theme.
"There are also various potential share price catalysts on the horizon such as favourable settlement in relation to the expropriation of its investments in Male International Airport, turnaround in Istanbul Sabiha Gokcen's financial performance, and extension of concession agreement to 2069," it added.
Alliance Research said it cannot rule out the possibility of a delay although the airport operator's management has remained firm in its commitment to the targeted opening date of May 2.
Even if the handover of the terminal building takes place this month, there may not be sufficient time to undertake the Operational Readiness and Airport Transfer process, which will require three months to complete.
"Nevertheless, we remain convinced that a short-term delay in the opening of klia2 represents only a temporary setback to MAHB with limited consequence on our discounted cashflow valuation as it will only have an impact on our financial year 2014 earnings forecast.
"Passenger traffic should remain robust as congestion at the low-cost carrier terminal (LCCT) is unlikely to deter holidaymakers from travelling," it said.
In addition, Alliance Research said any shortfall vis-'-vis its aeronautical revenue forecasts due to potentially slower passenger growth at LCCT could easily be compensated by the higher passenger service charges from Malindo which will continue to operate from the Main Terminal Building until klia2 opens.
Therefore, the only significant potential downside to earnings forecast would be lower rental income and retail revenue, due to less commercial floor space available in FY14.
Alliance Research has also kept the target price on MAHB unchanged at RM10.46, based on DCF valuation.
As at 10.58am, the airport operator's shares rose six sen to RM8.21 with 123,900 lots changing hands.-- Bernama
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