Quick take: MAHB shares continue uptrend

KUALA LUMPUR: Shares in Malaysia Airports Holdings Bhd (MAHB) continued to attract investors’ interest in early trade Tuesday.

The airport operator rose 0.95%, or six sen to RM6.36. It has gained 7.4% so far this year.

MAHB has submitted a comprehensive and strategic plan for the long-term development of the Sultan Abdul Aziz Shah Airport (SAAS or Subang Airport) to the government.

It said the regeneration plan, which has been verified through extensive benchmarking and stakeholder engagements, is premised on three focus areas, namely aerospace ecosystem, business aviation, and urban community airport.

“It is meant to propel SAAS to become the preferred aerospace and business aviation hub in Asia Pacific in the next five years,” it said.

MAHB group CEO Datuk Mohd Shukrie Mohd Salleh said, since the company had been mandated by the government in 2005 to develop SAAS into an international aerospace park, it had grown the ecosystem by four times, and attracting the presence of 60 leading brand names and facilitating capital inflows of over RM500mil.

Moving forward, Mohd Shukrie said the regeneration plan would grow the ecosystem further by three times, doubling the number of global and local operators to more than 100 that will create and support 19,000 strong high skilled workforce.

It will help to spearhead Malaysia’s transition into high technology, driven by the Industrial Revolution 4.0 industries, and high-income nation with a projected value of over RM10bil to the national economy.

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