MAHB's share price fall further

PETALING JAYA: Malaysia Airports Holdings Bhd’s (MAHB) share price fell further this morning despite its clarification on market competition in the airport sector.
At midday, the stock was 0.86% or 8 sen lower at RM9.25 with 4.71 million shares traded, making it the eighth top loser in the morning session. Yesterday, it was the top loser on Bursa Malaysia, sliding 5.38% or 53 sen to RM9.33 with 12 million shares done.
Yesterday, MAHB said in a statement that more than 75% of its network of 39 airports in Malaysia are not commercially viable. The 39 airports comprise five international airports, 16 domestic airports and 18 short-takeoff and landing ports.
“These airports are managed on a cross-subsidisation model in order to provide Malaysians with the required connectivity among smaller towns and rural outposts. Maintaining this network of airports has involved a huge outlay of both capital and operational expenses,” said the airport operator.
It noted that airport operations and management in Malaysia are done in a highly regulated environment and all aeronautical charges are entirely determined by regulatory authorities.