Highlights
KLSE: AIRPORT (5014)       MALAYSIA AIRPORTS HOLDINGS BHD MAIN : Transportation&Logistics
Last Price Today's Change   Day's Range   Trading Volume
8.26   +0.01 (0.12%)  8.16 - 8.29  174,400
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Financials


Market Cap: 15,060 Million

Market Cap 15,060 Million
NOSH 1,823 Million

Latest Audited Result:  31-Dec-2018

Latest Audited Result: 31-Dec-2018
Announcement Date 30-Apr-2019
Next Audited Result: 31-Dec-2019
Est. Ann. Date: 30-Apr-2020
Est. Ann. Due Date: 28-Jun-2020

Latest Quarter:  30-Jun-2019 [#2]

Latest Quarter: 30-Jun-2019 [#2]
Announcement Date 30-Aug-2019
Next Quarter: 30-Sep-2019
Est. Ann. Date: 21-Nov-2019
Est. Ann. Due Date: 29-Nov-2019
QoQ | YoY   7.02%  |    85.89%

Annual (Unaudited) ( EPS: 39.89, P/E: 20.71 )

Revenue | NP to SH 4,851,702  |  727,303
RPS | P/RPS 266.11 Cent  |  3.10
EPS | P/E | EY 39.89 Cent  |  20.71  |  4.83%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 5.44  |  1.52
YoY   207.55%
NP Margin | ROE 14.99%  |  7.33%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019

T4Q Result ( EPS: 27.77, P/E: 29.75 )

Revenue | NP to SH 4,994,734  |  506,247
RPS | P/RPS 273.95 Cent  |  3.02
EPS | P/E | EY 27.77 Cent  |  29.75  |  3.36%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 5.58  |  1.48
QoQ | YoY   17.11%  |    -20.68%
NP Margin | ROE 10.14%  |  4.98%
F.Y. | Ann. Date 30-Jun-2019  |  30-Aug-2019

Annualized Result ( EPS: 33.97, P/E: 24.32 )

Revenue | NP to SH 5,027,036  |  619,318
RPS | P/RPS 275.72 Cent  |  3.00
EPS | P/E | EY 33.97 Cent  |  24.32  |  4.11%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   3.51%  |    -41.65%
NP Margin | ROE 12.32%  |  6.07%
F.Y. | Ann. Date 30-Jun-2019  |  30-Aug-2019


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2019 30-Aug-2019 30-Jun-2019 2 4,994,734 548,491 506,247 506,247 0 10,172,428 - % 10.14% 4.98% 1,823,211 273.95 273.95 27.77 27.77 0.00 0.00 5.5794 5.58   17.11%   -20.68% 28-Jun-2019 8.53 3.11 30.72 1.53 3.26% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2019 31-May-2019 31-Mar-2019 1 4,888,224 472,501 432,285 432,285 0 9,210,174 - % 8.84% 4.69% 1,659,191 294.61 268.11 26.05 23.71 0.00 0.00 5.5510 5.05   -40.56%   -30.17% 29-Mar-2019 7.24 2.46 27.79 1.30 3.60% 0.00% 31-May-2019 7.34 2.49 28.17 1.32 3.55% 0.00%
31-Dec-2018 28-Feb-2019 31-Dec-2018 4 4,851,702 780,592 727,303 727,303 0 9,140,653 - % 14.99% 7.96% 1,659,191 292.41 266.11 43.83 39.89 0.00 0.00 5.5091 5.01   0.03%   207.54% 31-Dec-2018 8.38 2.87 19.12 1.52 5.23% 0.00% 28-Feb-2019 8.17 2.79 18.64 1.48 5.37% 0.00%
31-Dec-2018 21-Nov-2018 30-Sep-2018 3 4,846,837 804,651 727,065 727,065 0 9,162,554 - % 15.00% 7.94% 1,659,191 292.12 265.84 43.82 39.88 0.00 0.00 5.5223 5.03   13.91%   200.50% 28-Sep-2018 8.90 3.05 20.31 1.61 4.92% 0.00% 21-Nov-2018 7.80 2.67 17.80 1.41 5.62% 0.00%
31-Dec-2018 28-Aug-2018 30-Jun-2018 2 4,829,248 740,578 638,264 638,264 0 9,025,505 - % 13.22% 7.07% 1,659,191 291.06 264.88 38.47 35.01 0.00 0.00 5.4397 4.95   3.10%   269.08% 29-Jun-2018 8.80 3.02 22.88 1.62 4.37% 0.00% 28-Aug-2018 9.30 3.20 24.18 1.71 4.14% 0.00%
31-Dec-2018 28-May-2018 31-Mar-2018 1 4,774,515 707,285 618,676 619,075 0 9,100,667 - % 12.96% 6.80% 1,659,191 287.76 261.87 37.31 33.96 0.00 0.00 5.4850 4.99   161.78%   426.16% 30-Mar-2018 8.85 3.08 23.72 1.61 4.22% 0.00% 28-May-2018 8.46 2.94 22.67 1.54 4.41% 0.00%
31-Dec-2017 21-Feb-2018 31-Dec-2017 4 4,652,338 334,487 237,100 236,488 0 9,011,402 - % 5.10% 2.62% 1,659,191 280.40 255.17 14.25 12.97 0.00 0.00 5.4312 4.94   -2.26%   235.98% 29-Dec-2017 8.79 3.13 61.67 1.62 1.62% 0.00% 21-Feb-2018 8.89 3.17 62.37 1.64 1.60% 0.00%
31-Dec-2017 24-Nov-2017 30-Sep-2017 3 4,485,566 367,588 246,371 241,952 0 8,803,339 - % 5.49% 2.75% 1,659,191 270.35 246.03 14.58 13.27 0.00 0.00 5.3058 4.83   39.91%   8,828.43% 29-Sep-2017 8.50 3.14 58.29 1.60 1.72% 0.00% 24-Nov-2017 8.24 3.05 56.51 1.55 1.77% 0.00%
31-Dec-2017 31-Jul-2017 30-Jun-2017 2 4,349,271 319,848 177,631 172,936 0 8,750,080 - % 4.08% 1.98% 1,659,191 262.13 238.55 10.42 9.49 0.00 0.00 5.2737 4.80   46.98%   214.11% 30-Jun-2017 8.56 3.27 82.13 1.62 1.22% 0.00% 31-Jul-2017 8.75 3.34 83.95 1.66 1.19% 0.00%
31-Dec-2017 28-Apr-2017 31-Mar-2017 1 4,246,646 248,032 121,967 117,658 0 8,295,959 - % 2.87% 1.42% 1,659,191 255.95 232.92 7.09 6.45 0.00 0.00 5.0000 4.55   67.16%   356.16% 31-Mar-2017 6.95 2.72 98.01 1.39 1.02% 0.00% 28-Apr-2017 7.60 2.97 107.17 1.52 0.93% 0.00%
31-Dec-2016 28-Feb-2017 31-Dec-2016 4 4,172,768 183,333 73,176 70,388 0 8,694,828 - % 1.75% 0.81% 1,659,191 251.49 228.87 4.24 3.86 0.00 0.00 5.2404 4.77   2,639.25%   70.19% 30-Dec-2016 6.06 2.41 142.85 1.16 0.70% 0.00% 28-Feb-2017 6.48 2.58 152.75 1.24 0.65% 0.00%
31-Dec-2016 27-Oct-2016 30-Sep-2016 3 4,128,876 44,886 -4,214 -2,772 0 8,619,667 - % -0.10% -0.03% 1,659,191 248.85 226.46 -0.17 -0.15 0.00 0.00 5.1951 4.73   -105.03%   -100.42% 30-Sep-2016 6.54 2.63 -3,914.54 1.26 -0.03% 0.00% 27-Oct-2016 6.50 2.61 -3,890.60 1.25 -0.03% 0.00%
31-Dec-2016 28-Jul-2016 30-Jun-2016 2 4,071,141 60,688 53,322 55,055 0 8,605,232 - % 1.31% 0.64% 1,659,191 245.37 223.30 3.32 3.02 0.00 0.00 5.1864 4.72   113.45%   -90.70% 30-Jun-2016 6.12 2.49 184.44 1.18 0.54% 0.00% 28-Jul-2016 5.85 2.38 176.30 1.13 0.57% 0.00%
31-Dec-2016 27-Apr-2016 31-Mar-2016 1 4,013,497 44,852 24,618 25,793 0 68,316,359 - % 0.61% 0.04% 13,086,923 30.67 220.13 0.20 1.41 0.00 0.00 5.2202 37.47   -37.63%   -95.45% 31-Mar-2016 6.80 22.17 3,450.20 1.30 0.03% 0.00% 27-Apr-2016 6.50 21.19 3,297.99 1.25 0.03% 0.00%
31-Dec-2015 17-Feb-2016 31-Dec-2015 4 3,870,207 45,939 40,112 41,358 0 8,476,650 - % 1.04% 0.49% 1,590,754 243.29 212.27 2.60 2.27 0.00 0.00 5.3287 4.65   -93.72%   -93.77% 31-Dec-2015 5.61 2.31 215.78 1.05 0.46% 0.00% 17-Feb-2016 6.18 2.54 237.70 1.16 0.42% 0.00%
31-Dec-2015 27-Oct-2015 30-Sep-2015 3 3,545,398 697,222 658,098 658,924 0 7,838,455 - % 18.56% 8.41% 1,567,691 226.15 194.46 42.03 36.14 0.00 0.00 5.0000 4.30   11.30%   437.73% 30-Sep-2015 5.25 2.32 12.49 1.05 8.01% 0.00% 27-Oct-2015 5.37 2.37 12.78 1.07 7.83% 0.00%
31-Dec-2015 30-Jul-2015 30-Jun-2015 2 3,203,232 649,052 591,190 592,027 0 7,971,906 - % 18.46% 7.43% 1,521,182 210.58 175.69 38.92 32.47 0.00 0.00 5.2406 4.37   4.37%   153.32% 30-Jun-2015 6.21 2.95 15.96 1.18 6.27% 0.00% 30-Jul-2015 6.05 2.87 15.55 1.15 6.43% 0.00%
31-Dec-2015 05-May-2015 31-Mar-2015 1 3,438,819 609,647 566,627 567,237 0 13,244,484 - % 16.48% 4.28% 2,545,156 135.11 188.61 22.29 31.11 0.00 0.00 5.2038 7.26   -14.49%   49.22% 31-Mar-2015 7.00 5.18 31.41 1.35 3.18% 0.00% 05-May-2015 6.82 5.05 30.60 1.31 3.27% 0.00%
31-Dec-2014 13-Feb-2015 31-Dec-2014 4 3,343,721 749,328 663,341 663,370 0 7,214,528 - % 19.84% 9.19% 1,351,161 247.47 183.40 49.10 36.38 0.00 0.00 5.3395 3.96   441.36%   75.73% 31-Dec-2014 6.80 2.75 13.85 1.27 7.22% 0.00% 13-Feb-2015 7.01 2.83 14.28 1.31 7.00% 0.00%
31-Dec-2014 03-Nov-2014 30-Sep-2014 3 3,753,155 235,791 122,029 122,537 0 5,642,779 - % 3.25% 2.17% 1,337,500 280.61 205.85 9.16 6.72 0.00 0.00 4.2189 3.10   -47.57%   -70.73% 30-Sep-2014 7.49 2.67 81.75 1.78 1.22% 0.00% 03-Nov-2014 7.23 2.58 78.92 1.71 1.27% 0.00%
31-Dec-2014 24-Jul-2014 30-Jun-2014 2 4,050,098 376,302 233,332 233,711 0 5,555,521 - % 5.76% 4.21% 1,317,817 307.33 222.14 17.73 12.82 0.00 0.00 4.2157 3.05   -38.52%   -44.20% 30-Jun-2014 7.98 2.60 45.00 1.89 2.22% 0.00% 24-Jul-2014 7.60 2.47 42.85 1.80 2.33% 0.00%
31-Dec-2014 24-Apr-2014 31-Mar-2014 1 3,852,653 546,086 379,998 380,137 0 5,336,012 - % 9.86% 7.12% 1,263,110 305.01 211.31 30.10 20.85 0.00 0.00 4.2245 2.93   0.70%   -9.01% 31-Mar-2014 8.00 2.62 26.58 1.89 3.76% 0.00% 24-Apr-2014 8.02 2.63 26.65 1.90 3.75% 0.00%
31-Dec-2013 27-Jan-2014 31-Dec-2013 4 4,098,759 553,171 377,550 377,486 0 3,693,350 - % 9.21% 10.22% 1,231,116 332.93 224.81 30.66 20.70 0.00 0.00 3.0000 2.03   -9.83%   -4.30% 31-Dec-2013 9.00 2.70 29.35 3.00 3.41% 0.00% 27-Jan-2014 8.68 2.61 28.31 2.89 3.53% 0.00%
31-Dec-2013 31-Oct-2013 30-Sep-2013 3 4,306,267 604,047 419,164 418,618 0 4,688,062 - % 9.73% 8.93% 1,224,516 351.67 236.19 34.19 22.96 0.00 0.00 3.8285 2.57   -0.05%   1.32% 30-Sep-2013 7.59 2.16 22.20 1.98 4.50% 0.00% 31-Oct-2013 8.41 2.39 24.60 2.20 4.06% 0.00%
31-Dec-2013 23-Jul-2013 30-Jun-2013 2 4,087,830 625,786 419,290 418,847 0 4,559,197 - % 10.26% 9.19% 1,220,047 335.05 224.21 34.33 22.97 0.00 0.00 3.7369 2.50   0.25%   0.36% 28-Jun-2013 6.31 1.88 18.38 1.69 5.44% 0.00% 23-Jul-2013 6.71 2.00 19.55 1.80 5.12% 0.00%
31-Dec-2013 26-Apr-2013 31-Mar-2013 1 3,917,544 635,150 417,992 417,789 0 4,420,123 - % 10.67% 9.45% 1,215,621 322.27 214.87 34.37 22.91 0.00 0.00 3.6361 2.42   5.91%   2.46% 29-Mar-2013 5.86 1.82 17.05 1.61 5.86% 0.00% 26-Apr-2013 6.00 1.86 17.46 1.65 5.73% 0.00%
31-Dec-2012 20-Feb-2013 31-Dec-2012 4 3,548,062 602,755 394,458 394,458 0 4,358,261 - % 11.12% 9.05% 1,209,720 293.30 194.61 32.61 21.64 0.00 0.00 3.6027 2.39   -4.53%   -1.66% 31-Dec-2012 5.21 1.78 15.98 1.45 6.26% 0.00% 20-Feb-2013 5.40 1.84 16.56 1.50 6.04% 0.00%
31-Dec-2012 23-Oct-2012 30-Sep-2012 3 3,032,989 603,810 413,184 413,184 0 4,347,057 - % 13.62% 9.50% 1,209,935 250.67 166.35 34.15 22.66 0.00 0.00 3.5928 2.38   -1.00%   -3.07% 28-Sep-2012 5.56 2.22 16.28 1.55 6.14% 0.00% 23-Oct-2012 5.87 2.34 17.19 1.63 5.82% 0.00%
31-Dec-2012 27-Jul-2012 30-Jun-2012 2 2,939,878 585,075 417,358 417,339 0 3,630,793 - % 14.20% 11.49% 1,210,264 242.91 161.25 34.48 22.89 0.00 0.00 3.0000 1.99   2.35%   12.42% 29-Jun-2012 5.56 2.29 16.12 1.85 6.20% 0.00% 27-Jul-2012 5.57 2.29 16.15 1.86 6.19% 0.00%
31-Dec-2012 26-Apr-2012 31-Mar-2012 1 2,794,761 586,984 407,659 407,755 0 3,919,634 - % 14.59% 10.40% 1,114,197 250.83 153.29 36.60 22.36 0.00 0.00 3.5179 2.15   1.66%   20.02% 30-Mar-2012 5.85 2.33 15.99 1.66 6.26% 0.00% 26-Apr-2012 5.75 2.29 15.71 1.63 6.36% 0.00%
31-Dec-2011 21-Feb-2012 31-Dec-2011 4 2,754,826 574,235 401,164 401,116 0 3,300,483 - % 14.56% 12.15% 1,100,161 250.40 151.10 36.46 22.00 0.00 0.00 3.0000 1.81   -5.90%   26.62% 30-Dec-2011 5.80 2.32 15.91 1.93 6.29% 0.00% 21-Feb-2012 5.78 2.31 15.85 1.93 6.31% 0.00%
31-Dec-2011 25-Oct-2011 30-Sep-2011 3 2,762,223 620,926 426,951 426,278 0 3,301,587 - % 15.46% 12.91% 1,100,529 250.99 151.50 38.73 23.38 0.00 0.00 3.0000 1.81   14.83%   26.93% 30-Sep-2011 5.29 2.11 13.66 1.76 7.32% 0.00% 25-Oct-2011 5.88 2.34 15.18 1.96 6.59% 0.00%
31-Dec-2011 28-Jul-2011 30-Jun-2011 2 2,724,846 558,481 371,865 371,231 0 3,298,953 - % 13.65% 11.25% 1,099,651 247.79 149.45 33.76 20.36 0.00 0.00 3.0000 1.81   9.27%   3.94% 30-Jun-2011 6.47 2.61 19.17 2.16 5.22% 0.00% 28-Jul-2011 6.49 2.62 19.22 2.16 5.20% 0.00%
31-Dec-2011 31-May-2011 31-Mar-2011 1 2,587,161 496,160 340,500 339,739 0 3,296,259 - % 13.16% 10.31% 1,098,753 235.46 141.90 30.92 18.63 0.00 0.00 3.0000 1.81   7.25%   -5.40% 31-Mar-2011 6.08 2.58 19.66 2.03 5.09% 0.00% 31-May-2011 6.37 2.71 20.60 2.12 4.85% 0.00%
31-Dec-2010 16-Feb-2011 31-Dec-2010 4 2,468,004 474,966 317,472 316,784 0 2,186,557 - % 12.86% 14.49% 1,093,278 225.74 135.37 28.98 17.38 0.00 0.00 2.0000 1.20   -5.67%   -16.18% 30-Dec-2010 6.28 2.78 21.67 3.14 4.61% 0.00% 16-Feb-2011 6.20 2.75 21.40 3.10 4.67% 0.00%
31-Dec-2010 29-Oct-2010 30-Sep-2010 3 2,124,248 450,445 336,354 335,842 87,717 3,328,211 26.12% 15.83% 10.09% 1,100,053 193.10 116.51 30.53 18.42 8.00 4.81 3.0255 1.83   -5.97%   14.16% 30-Sep-2010 5.75 2.98 18.83 1.90 5.31% 1.39% 29-Oct-2010 6.07 3.14 19.88 2.01 5.03% 1.32%
31-Dec-2010 17-Aug-2010 30-Jun-2010 2 1,877,830 470,004 357,758 357,158 87,717 3,266,726 24.56% 19.05% 10.93% 1,099,611 170.77 103.00 32.48 19.59 8.00 4.81 2.9708 1.79   -0.55%   18.73% 30-Jun-2010 5.00 2.93 15.39 1.68 6.50% 1.60% 17-Aug-2010 5.42 3.17 16.69 1.82 5.99% 1.48%
31-Dec-2010 17-May-2010 31-Mar-2010 1 1,745,677 474,556 359,706 359,126 87,717 3,328,606 24.43% 20.61% 10.79% 1,099,166 158.82 95.75 32.67 19.70 8.00 4.81 3.0283 1.83   -4.97%   17.43% 31-Mar-2010 4.82 3.03 14.75 1.59 6.78% 1.66% 17-May-2010 4.98 3.14 15.24 1.64 6.56% 1.61%
31-Dec-2009 24-Feb-2010 31-Dec-2009 4 1,637,093 480,098 378,578 377,922 87,717 3,358,036 23.21% 23.13% 11.25% 1,096,465 149.31 89.79 34.47 20.73 8.00 4.81 3.0626 1.84   28.46%   23.71% 31-Dec-2009 3.97 2.66 11.52 1.30 8.68% 2.02% 24-Feb-2010 4.95 3.32 14.36 1.62 6.96% 1.62%
31-Dec-2009 25-Nov-2009 30-Sep-2009 3 1,515,168 417,332 294,756 294,187 43,690 3,283,197 14.85% 19.45% 8.96% 1,099,235 137.84 83.10 26.76 16.14 4.00 2.40 2.9868 1.80   -2.20%   -16.95% 30-Sep-2009 3.45 2.50 12.89 1.16 7.76% 1.16% 25-Nov-2009 3.75 2.72 14.01 1.26 7.14% 1.07%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  4 people like this.
 
accurate will break 8.88 near term!
06/08/2019 4:08 PM
James Ng https://klse.i3investor.com/blogs/general/218947.jsp
[转贴] [MALAYSIA AIRPORTS HOLDINGS BHD:集团PBT较去年同期下降11.6%或2150万令吉,原因是支出增加,主要是由于2018年7月生效的关税增加以及期内维持的公用事业成本] - James的股票投资James Share Investing
09/08/2019 4:37 PM
apple168 https://www.thestar.com.my/news/nation/2019/08/24/klia-finds-order-amid-system-chaos
28/08/2019 7:48 AM
apple168 Be prepared for aviation companies and customers take legal actions against airport! Billion of ringgit going to drain!
28/08/2019 7:50 AM
AhSook AhKou I suspect it will drop further as their PI insurer is duly announcing the projected compensation reserves ............ could be more than RM100 m ish
29/08/2019 12:37 AM
AhSook AhKou OTW South as proposed claims coming thru , re KLIA saga !!! Likely to hit 7.50 in Sep !!!!!
30/08/2019 4:19 PM
apple168 TP <7.00
30/08/2019 6:00 PM
apple168 http://chinapress.com.my/?p=1721913
30/08/2019 6:03 PM
apple168 From 1 October 2019, airport cut PSC from RM73 to RM50, 30% discount! Will airport share price drop 30%?
30/08/2019 6:06 PM
freetospeak psc will eventually not equal ..the new airport framework already stated that klia n klia 2 wont hav equal psc from 2020 onwards...the gomen jus shifted earler 2 months. mahb invester are not informed me?
30/08/2019 6:29 PM
miker How come they dont have a working back up system?
30/08/2019 8:36 PM
flexibt https://www.theedgemarkets.com/article/psc-cut-not-good-reason-dump-mahb-shares
31/08/2019 1:13 AM
flexibt expects strong rebound
31/08/2019 1:20 AM
gsi723 react to fast to news is always not a very smart move..
31/08/2019 1:51 PM
James Ng https://klse.i3investor.com/blogs/general/222744.jsp
[转贴] [Facebook live video:浅谈Malaysia Airports holdings bhd (Airport)] - James的股票投资James Share Investing
01/09/2019 7:11 PM
beyond2288 runnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn
01/09/2019 7:17 PM
solcsy THE plan to break Malaysia Airports Holdings Bhd’s (MAHB) near monopoly and open up the airport sector to new players faces a delay as the government is still finalising details of the four new operating agreements (OAs) it entered into with the airport operator in April.

Two months have passed since the initial June deadline announced by Transport Minister Anthony Loke in April for his ministry and MAHB to finalise the OAs, which set the legal framework for the latter to run the 39 airports in the country.

“The new OAs have not been signed yet. The government and MAHB are still negotiating the terms,” the Ministry of Transport (MoT) tells The Edge via email.

Saying there is no delay, MoT attributes the slow-moving negotiations to both parties being “very careful” as they are responsible for protecting their respective interests.

The ministry now expects the OAs to be finalised by the end of the year.

An MAHB spokesman confirmed that the OAs had yet to be finalised, adding that management was unable to comment on the issues causing the delay in its talks with MoT.

“Until the new OAs have been signed off, private investors may want to hold off making formal commitments to invest in existing airports managed by MAHB,” a source familiar with the matter tells The Edge.

“Nevertheless, a delay is unlikely to affect MAHB’s financial performance as the airport operator can continue to operate under the present OA and be profitable.

“The only issue might be funding for airport expansion, which will be resolved with the implementation of the regulated asset base (RAB) framework by the Malaysian Aviation Commission (Mavcom),” the source says.

MAHB’s net profit growth has accelerated for four straight years since its financial year ended Dec 31, 2015 (FY2015). It saw its FY2018 net profit triple year on year to RM727.3 million, on the back of a 4.3% year-on-year increase in revenue to RM4.85 billion.

Mavcom, which is scheduled to announce new aeronautical charges based on the RAB framework by October, does not expect the setback in the new OA negotiations to derail the rollout of the new aeronautical charges nationwide come Jan 1.

“While the OAs provide input for the structuring of the RAB framework, the issue of structuring the OAs is separate from the issues of capital and operating expenses required for the airport network and the aeronautical charges for the airports,” a Mavcom spokesman tells The Edge.

Meanwhile, the deadline for feedback from the industry on proposals in Mavcom’s second consultation paper on the aeronautical charges framework closed on July 18.

“Following completion of the one-month consultation period, Mavcom is undertaking an in-depth analysis of the feedback gathered to determine the new aeronautical charges — including the passenger service charge (PSC), landing fee and aircraft parking fee — that will best serve consumers and the industry.

“Our consultation processes, including the most recent one, elicited 25 significant responses from airports, airlines, international industry associations, investors, financial institutions, rating agencies and other stakeholders on our development of the framework,” says the spokesman.

In the second consultation paper, which was released in June, Mavcom proposed three tariff structures: (i) according to the individual airport’s service levels and infrastructure; (ii) based on four clusters (geographical regions); and (iii) also based on four clusters, but the PSC for Asean is equalised with the international rates from the current RM35. The domestic PSC is also raised to RM14 from RM11 currently.

In April, the government announced four new OAs with MAHB — one each for the Kuala Lumpur International Airport (KLIA), designated airports in Peninsular Malaysia and airports in Sabah and Sarawak, which replaced two previous OAs signed in February 2009.

Loke was quoted as saying in April that the new OA framework would enable the private sector to collaborate with MAHB and invest in airport developments, thus reducing the government’s financial burden. The only other airport operator is MMC Corp Bhd, via its subsidiary Senai Airport Terminal Services Sdn Bhd, which manages the Senai International Airport in Johor and Kertih Airport in Terengganu.

The minister had also told The Edge in a May 13 interview that he had met with several European airport operators who were keen to invest in Malaysian airports.

Out of the 39 airports managed by MAHB, only seven are currently making a profit — KLIA, Penang, Langkawi, Kota Kinabalu, Kuching, Subang and Miri. The 18 short take-off and landing ports that connect rural areas are loss-making and are being cross-subsidised by MAHB’s profitable airports.

The new OA framework would also give the government and MAHB flexibility in provisioning airport development projects through several financing models, such as RAB, Airport Real Estate Investment Trust, Airport Development Fund or other mechanisms to be set
02/09/2019 9:52 PM
solcsy OMG !!
02/09/2019 9:56 PM
beyond2288 RUNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
02/09/2019 10:36 PM
solcsy This kind of bad news really kill MAHB !!
02/09/2019 10:43 PM
solcsy MAHB 祸不单行
02/09/2019 10:46 PM
pang72 continue to short
02/09/2019 10:55 PM
Vulture123 Fundamental still intact. Negative news will move it to the support level of 8 but positive news flow will propel it to 9-10 range although I must admit that I already took profit at 8.80 in mid July based on average investment cost of 6.65 in view of global economic/equities uncertainties :-)
03/09/2019 9:01 PM
DT8888 Bullish Malaysia's aviation sector in second half benefitting MAHB.
14/09/2019 10:23 PM
DT8888 The Turkish government is also in the midst of constructing a second runway at the airport which is due to complete by 2020 and is expected to double ISG’s airside capacity.

Istanbul Sabiha Gökçen International Airport (ISGIA), an international airport in Turkey which is wholly-owned and managed by Malaysia Airports.
14/09/2019 10:48 PM
DT8888 Possibly bonus issue by this year. Let wait and see. If’s true, RM10 is not a dream.
14/09/2019 10:56 PM
DT8888 Stay tuned!
16/09/2019 10:56 AM
accurate symmetrical triangle. Bullish appear 8.88 coming
17/09/2019 9:48 AM
AhSook AhKou Whats latest legal case with AirAsia ???
17/09/2019 8:17 PM
AhSook AhKou Not good sign EPF dispoing shares n why ???
18/09/2019 4:19 AM
AhSook AhKou Wow according to Utusan, something is cooking with Vinci & Gatwick !! And EPF was or is disposing ......... Mayb opportinty to buy some back ???
18/09/2019 5:52 AM
DT8888 Hit highest 8.86 :)
20/09/2019 10:02 AM
MohdIbrahim always strong counter. lol
26/09/2019 12:01 PM
ABSBOSS Doom!!!!!!!! C6 buyer cannot convert to mother.. Huhuhuhu
17/10/2019 5:42 PM
apple168 The BBC reported that Turkish President threw a letter from US president trump into the trash bin.

"Don’t want to be tough, don't be a tough man, don't be a fool, don't be a fool, don't be a fool."

Sources told the BBC that "completely refused to accept" the letter. On the day when the letter received the letter, turkey launched a cross-border attack.
17/10/2019 8:29 PM
apple168 See airport below 6.0
17/10/2019 8:30 PM
Vulture123 https://www.klsescreener.com/v2/news/view/591614
18/10/2019 8:43 AM
HuatAh8809 Kasir Jardin criticize Anthony Loke for commenting potential alternative plans

I think this Jardin is too overreact already , what if the comments make the share price go up, would that be an issue? What if the comments are spoken by Tun M, would that be an issue ?

It is just a general comments... Without much details..And it is not minister Job to ensure share price to go up or go down..Their job is to make sure they are doing something good for normal people n communicate with people on what is the their latest move..n get public opinion


I suspect the only possible explanation why he got upset is Kasir Jadin holds some airport share..As simple as that
22/10/2019 7:36 AM
utusminum Betul juga, Tun M made comment on India Kashmir..Hurt our palm oil stocks..

Why not criticise him.

Don't be so double standard, jardin, as we respect u as a man also
22/10/2019 9:15 AM
DreamKentut Post removed. Why?
22/10/2019 11:03 AM
flexibt 8.40 -9.00
22/10/2019 11:11 AM
elvin88 Really
22/10/2019 12:49 PM
stockmarket101 Anthony Loke should do what's good for consumers - period!
22/10/2019 5:59 PM
yoyo As policy maker, he is right to find way and set the direction to uplift Malaysia transportation sector. Any policy form sure will hit certain companies positively or negatively. As long as the policy is benefiting majority people then we should endure with minority loss
23/10/2019 11:45 AM
geraldt9 Agree with you, YoYo. Any which way, the behaviors of punters are rather predictable ...
23/10/2019 12:12 PM
yongch More BAD news going to announce soon!!!tp5.0!!!
23/10/2019 5:02 PM
flexibt Indonesia invites Malaysian investors to bid for new airport projects

https://www.thesundaily.my/local/indonesia-invites-malaysian-investors-to-bid-for-new-airport-projects-HN1539999
26/10/2019 7:24 PM
DreamKentut PILIHANRAYA TG. PIAI - UNDILAH CALUN GERAKAN!!!
29/10/2019 8:03 PM
flexibt https://www.theedgemarkets.com/article/different-psc-klia-klia2-major-hurdle-rab-implementation
01/11/2019 9:13 AM
zakaria444 The project aims to make KLIA the leading airport in South-East Asia, for innovative airport advertising solutions, which is also part of the Malaysia Airports Holdings Bhd (MAHB) commercial reset plan.

“By mid-2020, we will have completed all six phases and invested up to RM35 million to create one of the world’s most comprehensive airport advertising product portfolios.
06/11/2019 4:24 PM