MAHB falls 2.34% on being called to provide rebates on rental and landing charges

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KUALA LUMPUR (Feb 28): Shares in Malaysia Airports Holdings Bhd (MAHB) fell as much 2.34% this morning following the announcement of the 2020 Stimulus Package, which called for rebates on rental for premises at the airport as well as landing and parking charges.

At 9.48am, MAHB was down 2.04% or 14 sen to RM6.71, valuing it at RM11.13 billion.

In a strategy note Feb 27, CGS-CIMB Research said MAHB may see a negative impact as it has been called to provide rebates for shop rentals at its airports, as well as discounts on its landing and parking charges.