Recent sell-down presents buying opportunity in MAHB

KUALA LUMPUR: The recent sell-down in Malaysia Airports Holdings Bhd's (MAHB) shares has presented an opportunity to buy into the stock amid optimism in the yet-to-be-signed operating agreement (OA).

Kenanga Investment Bank research, which has an "outpeform" recommendation on MAHB with a target price of RM6.30, said the new OA with the government following the extension of the concession will pave the way for the stock to be re-rated.