Stock Name: AIRPORT
Company Name: MALAYSIA AIRPORT HOLDINGS BHD
Maintain BUY. MAHB's January 2012 passenger traffic grew 11.0% YoY, above the management's guidance for 6%-7% growth in 2012. We retain our forecast for 6.7% passenger traffic growth in 2012. We however shave our EPS estimates by 3.5% and 4.9% for 2013 after imputing higher staff cost. Maintain BUY on MAHB with an unchanged RM7.10/share DCF-based target price.
Maybank Research 9 March 2012
Click here for full report
Company Name: MALAYSIA AIRPORT HOLDINGS BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 7.10 |
Maintain BUY. MAHB's January 2012 passenger traffic grew 11.0% YoY, above the management's guidance for 6%-7% growth in 2012. We retain our forecast for 6.7% passenger traffic growth in 2012. We however shave our EPS estimates by 3.5% and 4.9% for 2013 after imputing higher staff cost. Maintain BUY on MAHB with an unchanged RM7.10/share DCF-based target price.
Maybank Research 9 March 2012
Click here for full report
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