RHB upgrades MAHB to 'buy' on expected FY22 turnaround

KUALA LUMPUR: RHB Research has raised its FY22 earnings forecast on Malaysia Airports Holdings Bhd as it expects the end-February start of the National Covid-19 Immunisation Plan to signal the gradual improvement of air passenger volume.

"We believe that MAHB should benefit from the expected significant decline in Covid-19 cases both globally and domestically, as the vaccine effect becomes prevalent in the next 12 months," it said.