Share
Foreign tourist arrivals at the Kingdom’s three international airports saw a significant 82.8 per cent drop in 2020, from 4,404,995 in 2019 to a mere 756,265. Heng Chivoan
Airport investor: 2 years of growth
Mon, 5 April 2021
Kuala Lumpur-listed Muhibbah Engineering (M) Bhd, which owns a 21 per cent stake in Cambodia Airports, expects two consecutive years of growth in 2021-2022 from its business in the Kingdom as Covid-19 vaccination campaigns gather pace globally.
MIDF Amanah Investment Bank Bhd Research (MIDF Research) noted that effective immunisation drives around the world would buoy the rate of recovery in airport traffic and potentially bring higher earnings visibility for the group from its concession business, online news portal Malaysia Reserve reported on April 1.