Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORT HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: OSK Research reiterated its trading buy call on Malaysia Airports Holdings Bhd (MAHB) at RM4.95 with target price RM5.50, and said 1Q traffic statistics released by MAHB showed the robust trend in passenger and cargo figures in the past few quarters continued into 1Q.
Despite being lower quarter-on-quarter, this was purely due to seasonal weakness after 4Q's heavy holiday season, it said.
"We see a similar trend for the retail division, which has made headway since introducing its Retail Optimisation Plan (ROP).
"These factors, together with potential excitement from MAHB's fund raising via a new share placement, lead us to reiterate our trading buy call with a target price of RM5.50, derived from 16 times FY10 EPS," it said.
Company Name: MALAYSIA AIRPORT HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: OSK Research reiterated its trading buy call on Malaysia Airports Holdings Bhd (MAHB) at RM4.95 with target price RM5.50, and said 1Q traffic statistics released by MAHB showed the robust trend in passenger and cargo figures in the past few quarters continued into 1Q.
Despite being lower quarter-on-quarter, this was purely due to seasonal weakness after 4Q's heavy holiday season, it said.
"We see a similar trend for the retail division, which has made headway since introducing its Retail Optimisation Plan (ROP).
"These factors, together with potential excitement from MAHB's fund raising via a new share placement, lead us to reiterate our trading buy call with a target price of RM5.50, derived from 16 times FY10 EPS," it said.
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