Tuesday, June 15, 2010

MAHB: BUY, target price RM6.15

Malaysia Airports is rated a "buy" with a target price of RM6.15 at Hwang-DBS.

The research house noted that Malaysia Airports' plans to increase retail space by an average of 36 per cent and revenue by 28-30 per cent in five airports this year.

These are part of its initiatives to grow commercial revenue contribution.

As part of its five-year business direction 2010-14, the Group highlighted that commercial development will drive earnings over the next 5 years.


-- by Business Times

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