KUALA LUMPUR (Feb 7): The stocks of Malaysia Airports Holdings Bhd (MAHB) and IHH Healthcare Bhd dipped in Tuesday (Feb 7) morning trade, following news of a strong earthquake in southern Türkiye on Monday.

At the time of writing, MAHB had dropped 15 sen or 2.1% to RM7.03 a share, after 454,500 shares changed hands. It was down to as low as RM7 earlier.

IHH was trading 13 sen or 2.2% lower at RM5.90, after 1.31 million shares were traded. It earlier touched a low of RM5.86.

Both companies have business activities in Türkiye, which was struck by a pair of powerful earthquakes a day earlier that killed at least 4,000 people in the country and neighbouring Syria, while millions were left without power or heat throughout a snowy night.

MAHB owns and manages the Istanbul Sabiha Gökçen International Airport and its hotel in Istanbul. 

IHH, meanwhile, owns a 90% interest in Acibadem Holdings, a private healthcare provider in Türkiye that offers integrated healthcare services in Turkey, Macedonia, Bulgaria, the Netherlands and Serbia.

Last Thursday, IHH announced that Acibadem is buying Kent Health Group, which operates the largest private hospital in Türkiye's third largest city of Izmir. Izmir Kent Hospital will be Acibadem’s 19th hospital in Türkiye and 25th globally.

IHH, which closed eight sen higher at RM6.03 last Friday, opened at RM5.96, and has traded between RM5.86 and RM5.96 so far.

MAHB, on the other hand, opened at RM7.10 — down from its close at RM7.18 last Friday — and has traded between RM7 and RM7.15 so far, with little boost seen from Monday's news that the proposed Subang Airport Regeneration Plan prepared by the airport operator was approved by the Cabinet on Feb 2, which would pave the way for the airport to become a regional aviation hub, with a maximum capacity of eight million passengers annually.

Read also:
Quake toll hits 4,000 in Türkiye and Syria as rescue teams arrive
Subang Airport to become regional aviation hub — Anthony Loke