<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 7): Hong Leong Investment Bank (HLIB) Research said it continues to like Malaysia Airports Holdings Bhd (MAHB) for being a beneficiary of the gradual reopening of borders worldwide.</p></div>

<div class=newsTextDataWrapInner><p>In a technical tracker on Friday (Oct 7), the research house said the easing of international travel protocols and relaxation of the entry procedures globally bodes well for air travel demand, benefitting MAHB via higher passenger movements.</p></div>

<div class=newsTextDataWrapInner><p>“Given the pent-up demand for air travel following Malaysia’s reopened international border in 2Q22, Malaysian-based airlines have been re-instating their capacity with increased frequency and new routes introductions.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Technically, MAHB is grossly oversold and with indicators on the mend. A successful breakout above RM5.80 will spur greater upside toward RM6.00-6.14-6.47. Cut lost at RM5.32.</p></div>

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KUALA LUMPUR (Oct 7): Hong Leong Investment Bank (HLIB) Research said it continues to like Malaysia Airports Holdings Bhd (MAHB) for being a beneficiary of the gradual reopening of borders worldwide.

In a technical tracker on Friday (Oct 7), the research house said the easing of interna...

MAHB grossly oversold, with indicators on the mend, says HLIB 

Malaysia's air passenger traffic saw a significant increase year-on-year (y-o-y) in the first quarter of 2024 (1Q2024), rising 16.1% to 22.6 million passengers, nearing pre-pandemic levels, according to the Malaysian Aviation Commission (Mavcom).

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<p>National Australia Bank Ltd (NAB) said it will buy back up to A$1.5 billion (US$1 billion or RM4.77 billion) of its own stock as profit at the lender came in line with expectations.</p>


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<p>The Federal Communications Commission (FCC) is moving to prevent Huawei, ZTE and other foreign companies deemed to pose US national security concerns from certifying wireless equipment, officials told <em>Reuters </em>on Wednesday.</p>


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<p>Chelsea's bid to make it five Women's Super League titles in a row suffered a huge setback on Wednesday as they lost a 4-3 thriller to Liverpool, seriously denting the possibility of the Blues giving manager Emma Hayes a winning send-off.</p>
