Muhibbah valuations remain attractive despite earnings slump

KUALA LUMPUR: Muhibbah Engineering (M) Bhd's valuations are too attractive to ignore despite expectations of even weaker second quarter due to the travel restrictions during the period, says Kenanga research.

The research house said Muhibbah's Cambodian airports could report losses for the second quarter, which was the peak of the Covid-19 travel restrictions.