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Author: Tan KW   |   Latest post: Fri, 19 Jul 2019, 7:07 PM


MIDF Research positive on aviation, top picks MAHB and AirAsia

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KUALA LUMPUR (Oct 19): MIDF Amanah Investment Bank Bhd Equity Research has maintained its "positive" rating on the aviation sector.

In a strategy note Oct 18, MIDF Research said despite the looming risks from rising fuel prices, Malaysia Airports Holdings Bhd (MAHB) has minimal exposure to changes in fuel price driven by its strong mix of domestic and international passengers that will be the strongest in the fourth quarter.

"As such we maintain our Buy call on MAHB with a target price of RM9.88.

"Another player that we favour in the aviation space is AirAsia Group Bhd which has a Buy call with a target price of RM3.62, predicated on its continuous improvement in operational cost and ability to grow operating revenue," it said.




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