Two years ago, not many analysts would want to take a second look at Malaysia Airports Holdings Bhd
(MAHB) as its passenger and financial numbers were just not convincing enough to justify a re-rating of the stock.
Things began to take a different turn a few weeks back. CitiGroup Smith Barney was among the first research houses to recommend the stock. Many analysts are now beginning to see the growth potential of MAHB, and they like the fact that the Finance Ministry (MoF)-led financial restructuring at MAHB is nearing completion.
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