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RHB lowers MAHB to 'market perform' (5014)
by hlk Mon 30 Jul 2012, 13:20
RHB Research downgraded shares of Malaysia Airports Holdings Bhd (MAHB) to 'market perform' from 'outperform', and cut its fair value to RM5.84 from RM6.41 after the airports operator's first-half earnings missed its expectations.
The research house lowered MAHB's financial year ending Dec 31, 2012 (FY2012) to FY2014 net profit forecasts by 2.3 per cent, 1.1 per cent and 1.8 per cent, citing the company's inability to contain rising operating costs.
By 9.39 am (0139 GMT), MAHB shares fell 0.18 per cent to RM5.56, underperforming the Malaysia's benchmark stock index's 0.04 per cent rise. -- Reuters
The research house lowered MAHB's financial year ending Dec 31, 2012 (FY2012) to FY2014 net profit forecasts by 2.3 per cent, 1.1 per cent and 1.8 per cent, citing the company's inability to contain rising operating costs.
By 9.39 am (0139 GMT), MAHB shares fell 0.18 per cent to RM5.56, underperforming the Malaysia's benchmark stock index's 0.04 per cent rise. -- Reuters
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