Muhibbah shares fall on airport concessions concerns


Muhibbah Engineering shares ended 5 sen down to RM1.65 yesterday.

PETALING JAYA: Shares of Muhibbah Engineering Bhd have been taking a beating this year, plunging 28% since Jan 22 on concerns over Cambodian airport concessions.

The stock hit a three-year low of RM1.59 on Feb 4, with CGS-CIMB claiming that it was “taken aback” by the share price dip.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

YTL Power books four more Siemens turbines
Frontken buys Taiwan assets for RM118.16mil
Rising oil prices, AI fears cloud Bursa trajectory
Distribution growth to underpin UMediC’s FY27 earnings
MISC profit to gain steam from tanker boom
EcoWorld Malaysia bids for S’pore land
UUE Holdings in EGPII power grid infrastructure tie-up
Kelington’s India job win might be precursor for more projects
Telecom sector revenue growth hits speed bump
Minjie Janet Gu becomes Nestle CFO

Others Also Read