MAHB rises to all-time high after announcing improvement initiatives at KLIA

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KUALA LUMPUR (Feb 2): Shares in Malaysia Airports Holdings Bhd (MAHB) rose as much as 40 sen or 4.4% today to hit its all-time intra-day high of RM9.45, after its managing director announced a series of rapid improvements will be executed at the KL International Airport (KLIA) this year.

As at 2.57pm, the counter pared some gains and was trading at RM9.19, still up 14 sen or 1.55%, after 2.44 million shares were traded, giving it a market capitalisation of RM15.25 billion.

The airport operator started the year by operating more common counters during peak periods to reduce queueing time, while implementing strict measures to reduce traffic congestion at pick-up and drop-off lanes, and providing a 30-minute free parking facility at its 5,000-bay Long-Term Car Park (LTCP).

Next up would be a new self-baggage drop facility at klia2, which would be available in two weeks, according to MAHB managing director Datuk Badlisham Ghazali.

"The whole year will see a slew of improvement initiatives, both big and small, being executed," said Badlisham in a press statement released earlier this afternoon.

"We will share our progress updates periodically on long-term projects such as the overhaul and upgrade of the aerotrains, runway assessment and maintenance and expansion works at our other airports, so that the public are more informed on the developments," he added.