Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 28 Jan 2014
Malaysia Airports; Hold; RM8.68
Price target: RM8.00 (Prev RM7.60) ; MAHB:MK
Ends on a weak note
FY13 earnings missed estimate despite record passenger growth. KLIA2 on track; positive outlook for 2014. Maintain HOLD; raised TP to RM8.00 after imputing investment tax allowance (ITA) for KLIA2 capex.
Source: HwangDBS Research - 28 Jan 2014
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