KLSE: AIRPORT (5014)       MALAYSIA AIRPORTS HOLDINGS BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
7.89   -0.23 (2.83%)  7.82 - 8.04  3,865,500
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Market Cap: 13,091 Million
NOSH: 1,659 Million
Avg Volume (4 weeks):1,595,220
4 Weeks Range:7.82 - 8.47
4 Weeks Price Volatility (%):
52 Weeks Range:6.60 - 8.88
52 Weeks Price Volatility (%):
Average Price Target: 8.99
Price Target Upside/Downside: +1.10

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  27-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  28-Feb-2020
T4Q P/E | EY: 24.44  |  4.09%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 5.6105  |  1.41
T4Q NP Margin | ROE: 10.46%  |  5.75%


Date Subject
12-Dec-2019 【视频】大马机场 国际搭客量续增长
11-Dec-2019 Malaysia Airports Holdings Berhad - 100m Passengers in the Bag
11-Dec-2019 Mplus Market Pulse - 11 Dec 2019
10-Dec-2019 下跌股:大马机场RM8.04支撑
04-Dec-2019 Malaysia Airport Holdings - RAB Remains a Concern
28-Nov-2019 Malaysia Airport Holdings Berhad - It All Boils Down to RAB
28-Nov-2019 Malaysia Airports Holdings Berhad - Low Visibility on RAB Implementation
28-Nov-2019 Malaysia Airports (HOLD, Maintain) - Solid Quarter But Clouded Outlook Remains
28-Nov-2019 PublicInvest Research Headlines - 28 Nov 2019
28-Nov-2019 Malaysia Airports Holdings - A Solid 9MFY19 Performance
13-Nov-2019 美国降大马飞安评级·恐掀连锁反应·航空业面临5大冲击
13-Nov-2019 【视频】大马机场 机场费不明朗引担忧
12-Nov-2019 Malaysia Airports Holdings Berhad - Early Deepavali Boosted Passenger Movements
12-Nov-2019 MAHB - Highest Growth Since June 2018 for International Traffic
09-Nov-2019 MAHB to reconfigure klia2 layout
07-Nov-2019 AirAsia hits out at Mavcom over RAB framework's 'punitive elements'
07-Nov-2019 Malaysia Airport Holdings - Further Clarification From MAVCOM
07-Nov-2019 上升股:大马机场阻力RM8.96
02-Nov-2019 AirAsia says KLIA2 not all bad, can still be visitor magnet if MAHB, Mavcom ‘listen’
02-Nov-2019 As KLIA2’s faulty runway still causing delays, AirAsia says it could hurt Visit Malaysia Year 2020

Business Background

Malaysia Airports Holdings Bhd operates and manages airports primarily in Southeast Asia. Its airports can serve international, domestic, and regional flights. The company has two operating segments: airport operations and nonairport operations. Airport operations generate revenue from passenger service charges, landing and parking fees, and other ancillary charges to airlines. Additionally, it provides leases and collects charges from commercial operations in its airports. Nonairport operations create additional revenue by providing repair and maintenance, hotel accommodations, and, to a lesser extent, agriculture and horticulture. The repair and maintenance activities include consultancy, mechanical, and civil engineering.
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  4 people like this.
apple168 Be prepared for aviation companies and customers take legal actions against airport! Billion of ringgit going to drain!
28/08/2019 7:50 AM
AhSook AhKou I suspect it will drop further as their PI insurer is duly announcing the projected compensation reserves ............ could be more than RM100 m ish
29/08/2019 12:37 AM
AhSook AhKou OTW South as proposed claims coming thru , re KLIA saga !!! Likely to hit 7.50 in Sep !!!!!
30/08/2019 4:19 PM
apple168 TP <7.00
30/08/2019 6:00 PM
apple168 http://chinapress.com.my/?p=1721913
30/08/2019 6:03 PM
apple168 From 1 October 2019, airport cut PSC from RM73 to RM50, 30% discount! Will airport share price drop 30%?
30/08/2019 6:06 PM
freetospeak psc will eventually not equal ..the new airport framework already stated that klia n klia 2 wont hav equal psc from 2020 onwards...the gomen jus shifted earler 2 months. mahb invester are not informed me?
30/08/2019 6:29 PM
miker How come they dont have a working back up system?
30/08/2019 8:36 PM
flexibt https://www.theedgemarkets.com/article/psc-cut-not-good-reason-dump-mahb-shares
31/08/2019 1:13 AM
flexibt expects strong rebound
31/08/2019 1:20 AM
gsi723 react to fast to news is always not a very smart move..
31/08/2019 1:51 PM
James Ng https://klse.i3investor.com/blogs/general/222744.jsp
[转贴] [Facebook live video:浅谈Malaysia Airports holdings bhd (Airport)] - James的股票投资James Share Investing
01/09/2019 7:11 PM
beyond2288 runnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
01/09/2019 7:17 PM
solcsy THE plan to break Malaysia Airports Holdings Bhd’s (MAHB) near monopoly and open up the airport sector to new players faces a delay as the government is still finalising details of the four new operating agreements (OAs) it entered into with the airport operator in April.

Two months have passed since the initial June deadline announced by Transport Minister Anthony Loke in April for his ministry and MAHB to finalise the OAs, which set the legal framework for the latter to run the 39 airports in the country.

“The new OAs have not been signed yet. The government and MAHB are still negotiating the terms,” the Ministry of Transport (MoT) tells The Edge via email.

Saying there is no delay, MoT attributes the slow-moving negotiations to both parties being “very careful” as they are responsible for protecting their respective interests.

The ministry now expects the OAs to be finalised by the end of the year.

An MAHB spokesman confirmed that the OAs had yet to be finalised, adding that management was unable to comment on the issues causing the delay in its talks with MoT.

“Until the new OAs have been signed off, private investors may want to hold off making formal commitments to invest in existing airports managed by MAHB,” a source familiar with the matter tells The Edge.

“Nevertheless, a delay is unlikely to affect MAHB’s financial performance as the airport operator can continue to operate under the present OA and be profitable.

“The only issue might be funding for airport expansion, which will be resolved with the implementation of the regulated asset base (RAB) framework by the Malaysian Aviation Commission (Mavcom),” the source says.

MAHB’s net profit growth has accelerated for four straight years since its financial year ended Dec 31, 2015 (FY2015). It saw its FY2018 net profit triple year on year to RM727.3 million, on the back of a 4.3% year-on-year increase in revenue to RM4.85 billion.

Mavcom, which is scheduled to announce new aeronautical charges based on the RAB framework by October, does not expect the setback in the new OA negotiations to derail the rollout of the new aeronautical charges nationwide come Jan 1.

“While the OAs provide input for the structuring of the RAB framework, the issue of structuring the OAs is separate from the issues of capital and operating expenses required for the airport network and the aeronautical charges for the airports,” a Mavcom spokesman tells The Edge.

Meanwhile, the deadline for feedback from the industry on proposals in Mavcom’s second consultation paper on the aeronautical charges framework closed on July 18.

“Following completion of the one-month consultation period, Mavcom is undertaking an in-depth analysis of the feedback gathered to determine the new aeronautical charges — including the passenger service charge (PSC), landing fee and aircraft parking fee — that will best serve consumers and the industry.

“Our consultation processes, including the most recent one, elicited 25 significant responses from airports, airlines, international industry associations, investors, financial institutions, rating agencies and other stakeholders on our development of the framework,” says the spokesman.

In the second consultation paper, which was released in June, Mavcom proposed three tariff structures: (i) according to the individual airport’s service levels and infrastructure; (ii) based on four clusters (geographical regions); and (iii) also based on four clusters, but the PSC for Asean is equalised with the international rates from the current RM35. The domestic PSC is also raised to RM14 from RM11 currently.

In April, the government announced four new OAs with MAHB — one each for the Kuala Lumpur International Airport (KLIA), designated airports in Peninsular Malaysia and airports in Sabah and Sarawak, which replaced two previous OAs signed in February 2009.

Loke was quoted as saying in April that the new OA framework would enable the private sector to collaborate with MAHB and invest in airport developments, thus reducing the government’s financial burden. The only other airport operator is MMC Corp Bhd, via its subsidiary Senai Airport Terminal Services Sdn Bhd, which manages the Senai International Airport in Johor and Kertih Airport in Terengganu.

The minister had also told The Edge in a May 13 interview that he had met with several European airport operators who were keen to invest in Malaysian airports.

Out of the 39 airports managed by MAHB, only seven are currently making a profit — KLIA, Penang, Langkawi, Kota Kinabalu, Kuching, Subang and Miri. The 18 short take-off and landing ports that connect rural areas are loss-making and are being cross-subsidised by MAHB’s profitable airports.

The new OA framework would also give the government and MAHB flexibility in provisioning airport development projects through several financing models, such as RAB, Airport Real Estate Investment Trust, Airport Development Fund or other mechanisms to be set
02/09/2019 9:52 PM
solcsy OMG !!
02/09/2019 9:56 PM
02/09/2019 10:36 PM
solcsy This kind of bad news really kill MAHB !!
02/09/2019 10:43 PM
solcsy MAHB 祸不单行
02/09/2019 10:46 PM
pang72 continue to short
02/09/2019 10:55 PM
Vulture123 Fundamental still intact. Negative news will move it to the support level of 8 but positive news flow will propel it to 9-10 range although I must admit that I already took profit at 8.80 in mid July based on average investment cost of 6.65 in view of global economic/equities uncertainties :-)
03/09/2019 9:01 PM
DT8888 Bullish Malaysia's aviation sector in second half benefitting MAHB.
14/09/2019 10:23 PM
DT8888 The Turkish government is also in the midst of constructing a second runway at the airport which is due to complete by 2020 and is expected to double ISG’s airside capacity.

Istanbul Sabiha Gökçen International Airport (ISGIA), an international airport in Turkey which is wholly-owned and managed by Malaysia Airports.
14/09/2019 10:48 PM
DT8888 Possibly bonus issue by this year. Let wait and see. If’s true, RM10 is not a dream.
14/09/2019 10:56 PM
DT8888 Stay tuned!
16/09/2019 10:56 AM
accurate symmetrical triangle. Bullish appear 8.88 coming
17/09/2019 9:48 AM
AhSook AhKou Whats latest legal case with AirAsia ???
17/09/2019 8:17 PM
AhSook AhKou Not good sign EPF dispoing shares n why ???
18/09/2019 4:19 AM
AhSook AhKou Wow according to Utusan, something is cooking with Vinci & Gatwick !! And EPF was or is disposing ......... Mayb opportinty to buy some back ???
18/09/2019 5:52 AM
DT8888 Hit highest 8.86 :)
20/09/2019 10:02 AM
MohdIbrahim always strong counter. lol
26/09/2019 12:01 PM
ABSBOSS Doom!!!!!!!! C6 buyer cannot convert to mother.. Huhuhuhu
17/10/2019 5:42 PM
apple168 The BBC reported that Turkish President threw a letter from US president trump into the trash bin.

"Don’t want to be tough, don't be a tough man, don't be a fool, don't be a fool, don't be a fool."

Sources told the BBC that "completely refused to accept" the letter. On the day when the letter received the letter, turkey launched a cross-border attack.
17/10/2019 8:29 PM
apple168 See airport below 6.0
17/10/2019 8:30 PM
Vulture123 https://www.klsescreener.com/v2/news/view/591614
18/10/2019 8:43 AM
HuatAh8809 Kasir Jardin criticize Anthony Loke for commenting potential alternative plans

I think this Jardin is too overreact already , what if the comments make the share price go up, would that be an issue? What if the comments are spoken by Tun M, would that be an issue ?

It is just a general comments... Without much details..And it is not minister Job to ensure share price to go up or go down..Their job is to make sure they are doing something good for normal people n communicate with people on what is the their latest move..n get public opinion

I suspect the only possible explanation why he got upset is Kasir Jadin holds some airport share..As simple as that
22/10/2019 7:36 AM
utusminum Betul juga, Tun M made comment on India Kashmir..Hurt our palm oil stocks..

Why not criticise him.

Don't be so double standard, jardin, as we respect u as a man also
22/10/2019 9:15 AM
DreamKentut Post removed. Why?
22/10/2019 11:03 AM
flexibt 8.40 -9.00
22/10/2019 11:11 AM
elvin88 Really
22/10/2019 12:49 PM
stockmarket101 Anthony Loke should do what's good for consumers - period!
22/10/2019 5:59 PM
yoyo As policy maker, he is right to find way and set the direction to uplift Malaysia transportation sector. Any policy form sure will hit certain companies positively or negatively. As long as the policy is benefiting majority people then we should endure with minority loss
23/10/2019 11:45 AM
Gala Kat Agree with you, YoYo. Any which way, the behaviors of punters are rather predictable ...
23/10/2019 12:12 PM
yongch More BAD news going to announce soon!!!tp5.0!!!
23/10/2019 5:02 PM
flexibt Indonesia invites Malaysian investors to bid for new airport projects

26/10/2019 7:24 PM
29/10/2019 8:03 PM
flexibt https://www.theedgemarkets.com/article/different-psc-klia-klia2-major-hurdle-rab-implementation
01/11/2019 9:13 AM
zakaria444 The project aims to make KLIA the leading airport in South-East Asia, for innovative airport advertising solutions, which is also part of the Malaysia Airports Holdings Bhd (MAHB) commercial reset plan.

“By mid-2020, we will have completed all six phases and invested up to RM35 million to create one of the world’s most comprehensive airport advertising product portfolios.
06/11/2019 4:24 PM
AhSook AhKou EPF disposing like Elephant .................................
26/11/2019 10:09 PM
Smart Beginners excellent result
27/11/2019 1:49 PM
DonyFernandes Nice one
27/11/2019 3:39 PM


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