MAHB shares fall after passenger growth misses target

January 11, 2019 editor MAHB, Stock On The Move

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is one of the top losers in early trade Friday after missing its passenger volume target for 2018.

The airport operator shed 1.46%, or 12 sen to RM8.08 in early trade.

MAHB saw 2.5% more passengers passing through the 39 airports in the country it operates last year, to reach 99.03 million from 96.64 million in 2017.

MAHB had expected passenger volume to grow 6.5% in 2018.

Last year, international passenger traffic at the 39 Malaysian airports climbed 4.5% year-on-year (y-o-y) to 51.66 million, while domestic traffic only rose by a marginal 0.4% y-o-y to 47.37 million passengers.

For 2019, MAHB has set a lower passenger growth target of 4.9%, with international and domestic passenger traffic growing at 2.4% and 7.6% respectively.

Source: TheStar