KUALA LUMPUR, Oct 27 — Malaysia Airports Holdings Bhd's (MAHB) shares increased 3.68 per cent, or 26 sen, at mid-day today as market players were upbeat on the airport operator's acquisition of the Istanbul Sabiha Gokcen Airport (ISG).
The stock stood at RM7.31 as at 12.29pm with 1.52 million shares traded.
RHB Research said MAHB expected more growth opportunities in the airport moving forward and funding options for ISG were expected to be finalised by year-end.
“We value ISG at €808.8 million (RM3.36 billion), which is 13.5 per cent higher than what MAHB is to pay for the 40 per cent stake from ISG consortium partner Limak,” the research house said in a note here today.
RHB Research maintained its "buy" call on the stock, with a RM8.51 target price. — Bernama
