KUALA LUMPUR: Kenanga Research has downgraded its FY20 net profit forecast on Malaysia Airports Holdings Bhd (MAHB) as it cut its passengers growth while expecting a loss for its Turkey operations.
“All in, we cut our passenger growth assumption in FY20E from 7% to 4% and forecast a loss of RM40mil in Istanbul Sabiha Gokchen (ISG) compared to a profit of RM40mil in FY20, ” it said.
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