CIMB Research retains Add for Malaysia Airports after concession extended

The professional indemnity insurance policy submitted to MAHB was for a cover of RM3mil

CIMB Research said MAHB is seeking an improvement in the terms and conditions of the concession. For instance, at the moment, the User Fee, which is the quarterly concession payment to the government, stands at 11% of MAHB’s revenue and will increase at an annual rate of 0.25% pts.