$AIRPORT / 5014 (MALAYSIA AIRPORTS HOLDINGS BERHAD)
Research by Kenanga
ACCEPT OFFER – TP RM 11.00

" 1HCY24 Passengers Up 16% YoY "

AIRPORT’s 1HCY24 passenger throughput jumped 16% YoY, in line with our expectation. We expect the recovery of business and leisure air travel to continue throughout FY24. For AIRPORT, the poser is if the proposed privatisation by a consortium at RM11.00/share will be accepted by its minority shareholders. We keep our forecasts, TP of RM11.00 and ACCEPT OFFER call.

Analyst:
Raymond Choo Ping Khoon
pkchoo@kenanga.com.my