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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Hong Leong Bank posts net profit of RM681.74mil in 1Q
PETRONAS Chemicals leads blue chips lower as investors take profit
PETRONAS Carigali reaches final investment decision for Kasawari CCS project
PETRONAS Dagangan records net profit of RM275.97mil in 3Q, declares 20c/share dividend
Sime Darby Property expects to close out 2022 with strong sales, more launches
Ringgit retreats against greenback on declining crude prices
Foreign investors on Bursa Malaysia record net outflow of RM81.9mil in week ended Nov 25
Bursa continues retreat ahead of new domestic developments, China Covid protests
Trading ideas: PETRONAS Chemicals, Axiata, Sunway, DNeX, Affin Bank, Sarawak Oil Palm, IOI, Uchi Technologies, Bintulu Port, IJM, Bintai Kinden, Chin Hin and TNB
Nation may end zero-Covid earlier than expected

Others Also Read