KUALA LUMPUR (Dec 13): Shares in Malaysia Airports Holdings Bhd (MAHB) rose 0.7% or six sen after the group announced improvements in passenger movements yesterday.
At 10.50am, MAHB's stock price stood at RM8.33, bringing its market capitalisation to RM13.82 billion. By then, some 1.27 million shares exchanged hands.
However, the highest it has reached so far this morning was RM8.43 at 10.07am.
The number of passengers recorded at the 39 airports handled by MAHB in Malaysia grew by 4.8% year-on-year (y-o-y) in November 2017. A total of 7.9 million people were recorded for November 2017 against 7.54 million a year earlier.
International traffic climbed 13.2% year-on-year to 4.09 million passengers, although domestic traffic dipped 3% y-o-y to 3.81 million passengers.
The Kuala Lumpur International Airport in Sepang handled 4.82 million passengers in November 2017, a rise of 7.8% from the 4.47 million passengers recorded a year ago.
Overall aircraft movements were up marginally by 0.9% y-o-y in November 2017, with international movements posting a growth of 12.6%, which was offset by a 5.9% decline in domestic movements.
Including its Istanbul operations in Turkey, MAHB handled 6.2% more passengers at 10.44 million in November 2017, compared with 9.83 million in November 2016.
From January to November this year, MAHB said passenger traffic at its Malaysian airports increased by 9.3% y-o-y to 87.51 million from 80.09 million, while Istanbul Sabiha Gokcen International Airport handled 4.8% more passengers at 28.74 million compared to 27.43 million in the previous year.