KUALA LUMPUR: CIMB Equities Research retains its Overweight recommendation on the aviation sector, as the largest market capitalisation stock, Malaysia Airports Holdings
Bhd (MAHB) remains its top Outperform and will likely benefit from Budget 2014.
It said on Monday the rerating catalysts include its strong upcoming 3Q results. AirAsia continues to be its longer-term Outperform but near-term upside will be capped by heavy competition.
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