PETALING JAYA: Transportation stocks covered by RHB Investment Bank Bhd are being downgraded to “neutral” from “overweight” to reflect the research house expectations of the infrastructure components of the sector – namely airport operator Malaysia Airports Holdings Bhd
(MAHB) and seaport operator Westports Holdings Bhd.
RHB Investment Bank said, in a sector report, that Westports and MAHB were fairly valued, with Westports’ share price having risen 32% from the start of this year.
