KUALA LUMPUR: CIMB Equities Research has lowered its target price for Malaysia Airports Holdings Bhd (MAHB) from RM9.80 to RM9.35.
It said on Friday it had lowered its FY14-15 forecasts by 13%-17%, largely due to a larger share base and higher depreciation charges as the RM4bil KLIA2 capex spent begins to be depreciated from May 2 onwards.
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