MAHB: Flying High with Aero and Non-Aero Services

APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

Malaysia Airports Holdings / Equity Capital Markets

<p>Khazanah Nasional Berhad is selling 58.1m shares of <a href="https://www.smartkarma.com/entities/117" target="_blank" data-smartkarma-citation="entities:117:1">Malaysia Airports Hldgs Bhd (MAHB MK)</a> worth approximately US$112m. Post sale, Khazanah will still hold 33.2% of MAHB's total outstanding shares.</p><p>The deal scores marginally negative on our framework due to the company's poor track record. However, it was offset by a strong earnings momentum lately. MAHB has done decently in its 1H2017 results, narrowing losses in its Turkey operations (ISG &amp; LGM). However, we think that the earnings momentum has…</p>

Khazanah Nasional Berhad is selling 58.1m shares of Malaysia Airports Hldgs Bhd (MAHB MK) worth approximately US$112m. Post sale, Khazanah will still hold 33.2% of MAHB's total outstanding shares.The deal scores marginally negative on our framework due to the company's poor track record. However, it was offset by a strong earnings momentum lately. MAHB has done decently in its 1H2017 results, narrowing losses in its Turkey operations (ISG &amp; LGM). However, we think that the earnings momentum has…

Malaysia Airports Placement - Khazanah Sells a Small Stake