PETALING JAYA: Intensifying competition and cost pressure have turned the near-term outlook of the Malaysian aviation sector more challenging, following a disappointing earnings performance in the second quarter of financial year of 2018 (2Q18).
Maybank IB Research, which downgraded its view on the sector to “neutral”, expect the domestic aviation sector’s core net profit for the financial year of 2018 to contract by 9.8%.
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