CIMB Research retains Hold on Malaysia Airports

KUALA LUMPUR: CIMB Equities Research is retaining its Hold call on Malaysia Airports Holdings Bhd (MAHB) as there are not many catalysts to excite investors.

It said on Thursday MAHB’s core net profit of RM13.8mil the first quarter ended March 31, 2015 was just 8% of its full-year forecast, but this was in line, as seasonal strength in the Turkish summer and the Malaysian year-end holidays should see the numbers catch up.