MAHB on track for record earnings in FY2024, says HLIB

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It affirms ‘buy’ call on the group, with an unchanged target price of RM8.50.

PETALING JAYA: Malaysia Airports Holdings Bhd is set to benefit from the recovery of the air travel industry, according to Hong Leong Investment Bank .

“We expect MAHB to continue record earnings recovery in coming quarters, achieving RM544 million in financial year 2023 and a new record earnings of RM749 million in FY2024,” said HLIB. “This is still on track to achieve HLIB’s projection of 87.6 million for 2023,” said HLIB analyst Daniel Wong.

 

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