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Business

CIMB Research retains Hold for AirAsia but slashes target price

KUALA LUMPUR: CIMB Equities Research is maintaining its Hold call on AirAsia but slashed its target price to RM2.72, based on a lower CY20F P/E of 10 times (sector average), from CY19F P/E of 12 times previously.

Nation

‘Include departure levy in airfare’

PETALING JAYA: The departure levy for outbound travellers should be incorporated in the airfare, say a travel association and travellers alike.

Business

Creating the world’s first REIT for airports

PETALING JAYA: The government has proposed to set up the world’s first airport real estate investment trust (REIT) to raise RM4bil to fund future airport upgrades and expansion.

Business

CIMB Research retains hold for MAHB, AirAsia over new aviation strategy

KUALA LUMPUR: CIMB Equities Research is retaining its Hold call for Malaysia Airports Holdings Bhd (MAHB) and low-cost carrier AirAsia with target prices at RM9.24 and RM3.56 respectively following the latest development in the aviation industry.

Business

MAHB to ask for OA review

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is negotiating with the government to review the current operating agreement (OA) for better terms which will allow it to recoup any capital expenditure (capex) used for the development of airports under its management.

Nation

Boosting aviation standards

Newly minted Mavcom executive chairman Dr Nungsari Ahmad Radhi aims at turning Malaysia into an important regional aviation hub while protecting consumer rights.

Business

MAHB: Most airports in Malaysia not commercially viable

KUALA LUMPUR: More than 75% of airports in Malaysia are not commercially viable and are managed on a cross-subsidisation model to provide the Malaysian people with the required connectivity among its smaller towns and rural outposts.

Business

75% of airports in Malaysia not commercially viable

KUALA LUMPUR: More than 75 per cent of airports in Malaysia are not commercially viable and are managed on a cross-subsidisation model to provide the Malaysian people with the required connectivity among its smaller towns and rural outposts.

Business

C&C 'hold', MAHB 'hold', Gamuda 'buy', Lafarge hold'

CYCLE & Carriage Bintang Bhd (CCB) reported a weak set of results recently. Affin Hwang Capital said CCB’s overall results were below its expectations due to the weaker than expected earnings before interest, tax, depreciation and amortization (ebitda) margin

Nation

Nungsari is new executive chairman for Mavcom

PUTRAJAYA: Economist Dr Nungsari Ahmad Radhi has replaced Tan Sri Abdullah Ahmad as executive chairman of the Malaysian Aviation Commission (Mavcom).