KUALA LUMPUR (Oct 18): Malaysia Airports Holdings Bhd (MAHB) shares drop as investors fret about the introduction of a new regulatory asset-base framework to determine airport charges, but RHB Research reckons the worries are overdone. 

The uncertainty stems from the Malaysian Aviation Commission having yet to publish the final paper in which it will set the passenger-service charge and which it was slated to release on Oct 1. 

Yet, RHB points out that a lower passenger-service charge is likely to be offset by a drop in user fees payable to the government, meaning that the share-price drop is overdone. 

RHB keeps the stock at buy and cuts its target 5.3% to RM9 to reflect the retreat.