RHB Research retains Buy on MAHB, TP RM9


MavCom estimates more than 20 million passengers in Malaysia will enjoy a lower PSC following the introduction of the RAB framework.

KUALA LUMPUR: RHB Research is retaining its Buy call on Malaysia Airports Holdings Bhd (MAHB) with sum-of-parts derived target price of RM9, an upside of 14% compared with the last traded price of RM7.92.

It said on Friday this included a 2% FY20F yield, implying 25.3 times FY20F P/E, or -0.52 standard deviation from its average two-year forward price-to-earnings.

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