Malaysia Airports slides to Dec 18 low

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Malaysia Airports slides to Dec 18 low
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KUALA LUMPUR: Shares of Malaysia Airports Holdings Bhd (MAHB) fell to its Dec 18 low of RM7.40 on Tuesday as investors reacted to news about the changes in the top post.

Kenanga Investment Bank Research has an Outperform with a target price of RM9.90 and Macquarie TP of RM9. Nomura and TA Securities each have a buy at RM10.27 and RM8.57 TP. fell to its Dec 18 low of RM7.40 on Tuesday as investors reacted to news about the changes in the top post.The FBM KLCI rebounded 13.35 points or 0.84% to 1,611.11.

On Monday, MAHB said the board had appointed Datuk Mohd Shukrie Mohd Salleh as the acting new group chief executive officer with immediate effect following Raja Azmi Raja Nazuddin’s resignation.Kenanga Investment Bank Research has an Outperform with a target price of RM9.90 and Macquarie Research TP of RM9. Nomura and TA Securities each have a buy at RM10.27 and RM8.57 TP.

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