Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORT HOLDINGS BHD
Research House: HLG
KUALA LUMPUR: Shares of Malaysia Airports Holdings Bhd (MAHB) advanced on Tuesday, Dec 28 after the airport operator said it was targeting earnings before interest, tax, depreciation and amortisation (EBITDA) of RM773.4 million; return on equity (ROE) of 10.73% and a top 5 worldwide ranking for KLIA in 2011.
At 11.15am, MAHB was up two sen to RM6.10.
Announcing its Headline Key Performance Indicators (Headline KPIs) for the financial year ending Dec 31, 2011 (FY2011) on Monday, MAHB said these targets were'' set based on MAHB's strategic plans and long term targets that were developed under MAHB's Five Year Business Direction (2010-2014) planning initiative ' with emphasis on the broader internal initiatives that are put in place for FY2011.
Hong Leong Investment Bank Bhd Research maintained its Buy rating on the stock with an unchanged target price at RM6.58 based on DCF valuations for FY11.
'MAHB's Headline KPIs were very much in line with our existing forecast for FY11.
'Our in-house FY11 EBITDA is estimated at RM795 million versus MAHB KPI of RM773 million and estimated ROE at 10.1% versus MAHB KPI of 10.7%,' it said in a note Dec 28.
Company Name: MALAYSIA AIRPORT HOLDINGS BHD
Research House: HLG
KUALA LUMPUR: Shares of Malaysia Airports Holdings Bhd (MAHB) advanced on Tuesday, Dec 28 after the airport operator said it was targeting earnings before interest, tax, depreciation and amortisation (EBITDA) of RM773.4 million; return on equity (ROE) of 10.73% and a top 5 worldwide ranking for KLIA in 2011.
At 11.15am, MAHB was up two sen to RM6.10.
Announcing its Headline Key Performance Indicators (Headline KPIs) for the financial year ending Dec 31, 2011 (FY2011) on Monday, MAHB said these targets were'' set based on MAHB's strategic plans and long term targets that were developed under MAHB's Five Year Business Direction (2010-2014) planning initiative ' with emphasis on the broader internal initiatives that are put in place for FY2011.
Hong Leong Investment Bank Bhd Research maintained its Buy rating on the stock with an unchanged target price at RM6.58 based on DCF valuations for FY11.
'MAHB's Headline KPIs were very much in line with our existing forecast for FY11.
'Our in-house FY11 EBITDA is estimated at RM795 million versus MAHB KPI of RM773 million and estimated ROE at 10.1% versus MAHB KPI of 10.7%,' it said in a note Dec 28.
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