Maybank IB maintains 'buy' call on MAHB on improving international traffic

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) is maintaining its 'buy' call on Malaysia Airports Holdings Bhd (MAHB) with a slightly higher discounted cash flow-based target price of RM7.25, following MAHB's Malaysian operations’ improving international passenger traffic.

In a note today, Maybank IB said the international passenger traffic is recovering faster than expected, despite rising airfares due to surging jet fuel prices after Malaysia reopened its borders on April 1, 2022 and axed the COVID-19 testing requirements on May 1, 2022.