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[公司专区] 5014 AIRPORT 大馬機場

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发表于 2011-8-17 21:22 | 显示全部楼层
本帖最后由 qweter 于 2011-8-17 21:24 编辑

收費調高大馬機場贏家‧馬航亞航料轉嫁消費者

(吉隆坡17日訊)大馬機場(AIRPORT,5014,主板貿服組)獲准調高乘客機場稅、客機停泊費及降落費,分析員普遍認為,大馬機場將是最大贏家,而馬航(MAS,3786,主板貿服組)及亞洲航空(AIRASIA,5099,主板貿服組)則因調高客機停泊費及降落費中需承擔額外開支,不過,預料航空公司將額外收費轉嫁給消費者以減緩影響程度。

達證券表示,隨著3項收費調高,預料大馬機場2012及2013財政年的淨利預測,分別調高4.6%及6.1%,至4億8千260萬及5億2千零30萬令吉。


馬航亞航財測下調


由於乘客機場稅是乘客繳付,所以對馬航亞航沒影響,至於調高客機停泊費與降落費,預料使馬航及亞航2012財政年淨利預測削減22%及4%。


隨著上述利好,大馬機場股價走高,全天起8仙至6令吉50仙;而馬航全天跌4仙至1令吉81仙,亞航則落2仙至3令吉73仙。


調整收費後,大馬乘客機場稅、停泊費及降落費仍是區域最便宜,所以預料前來大馬旅客人數不會受影響。


馬航亞航每年額外開支增加900萬


豐隆研究表示,大馬機場將是新措施的最大受惠者。而馬航及亞航則為輸家,預料未來3年裡,每年額外開支將因此增加約900萬令吉。


馬航及亞航預料會將上述額外收費轉嫁給消費者,額外收費為每名乘客分別為64仙及45仙。


整體來說,造成的額外收費介於7令吉50仙至14令吉50仙間,料不足以影響旅客人數。


豐隆將大馬機場2011財政年的淨利預測調高1.4%,2012年及2013年則分別調高9.3%及15.3%。惟對馬航及亞航的財測則保持不變。


肯納格研究預料大馬機場2011及2012財政年淨利預測分別增加5%及8%。


興業研究將大馬機場的2011至2013財政年淨利預測,分別調高1.4%、8.3%及10.1%,分別至3億8千280萬,4億4千960萬以及4億6千110萬令吉。而調整後收費仍然是區域市場最便宜的。


僑豐研究表示,大馬機場向國際乘客額外征收機場稅14令吉,預料不會影響盈利及營收,因為這筆收費之前早由政府津貼,而現在是轉由乘客繳付。


至於客機停泊費及降落費,預料將使大馬機場2012及2013年的營業額推高3%及2%,以及淨利增加11%及7%,分別至4億3千850萬及4億8千810萬令吉。而2011年淨利預測為4億1千零90萬令吉。(星洲日報/財經)


http://biz.sinchew-i.com/node/50719

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发表于 2011-8-17 23:14 | 显示全部楼层
马来西亚版每日头条 – 15/08/11

大马机场物色了占地183亩的土地来扩充大马国际宇航中心
大马机场(M’sia Airports Hldgs)计划收购占地约183亩的土地来扩充大马国际宇航中心(MIAC)。该幅地皮毗邻梳邦机场,产业估价师的估值是介于8亿至12亿令吉之间。收购土地是为解决MIAC目前所面对的空间不足问题,因为越来越多海内外投资者纷纷在MIAC设立业务。MIAC成立于2005年8月,它是大马机场的全资子公司。

启示:MIAC是大马政府为在2015年之前成为一个环球宇航中心而作出的重大举措。扩充MIAC将有助发展MIAC的设施,并吸引更多宇航业者前来设立业务。

http://www.sharesinv.com/zh/articles/25358/

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发表于 2011-9-12 23:08 | 显示全部楼层
漲價遭暫緩 機場控股先跌後升
財經12/09/2011 21:25

(吉隆坡12日訊)大馬機場控股(AIRPORT,5014,主要板貿易)原訂本月15日落實新的國際乘客服務費(PSC),卻在上週五(9日)接獲政府暫緩通知,券商下修該股估值,該股今日作價先跌后升。

 僑豐投資研究已調低該股合理價,從8.10令吉減至7.36令吉,但仍維持“買進”評級。

 “基于政府暫緩國際乘客服務費調高決定,我們也取消上修未來3年盈利預估,繼而調低合理價。政府暫緩調升國際乘客服務費並不意外,畢竟早前才遊說亞洲航空(AIRASIA,5099,主要板貿易)與馬航(MAS,3786,主要板貿易)達至合作。”

表現良好

 不過,該行透露,大馬機場控股仍是高防禦性股項,無論經濟好壞,都能取得良好表現。

 ““這都得歸功航空業強勁需求,加上廣大廉價航空乘客,推動業務成長。”

 根據2009年簽署的營運協議,國際乘客服務費的調升,每5年將透過通貨膨脹成本轉嫁機制取得決定。

 “只要實質的國際乘客服務費仍處于水平收費線下,大馬機場控股都可獲政府補貼,舉例非廉價航空機場水平收費為每個人65令吉,政府補貼14令吉。”

 大馬機場控股今日交投稀薄,直至下午3時16分才完成首宗交易,報6.20令吉,跌9仙,惟1小時后反跌為升,閉市時收在6.30令吉,起1仙。

http://www.chinapress.com.my/node/250640

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发表于 2011-9-13 20:16 | 显示全部楼层
MAHB: The airline lobby trumps the airport lobby      
  
Malaysia Airports Holdings Bhd
(Sept 12, RM6.30)
Maintain outperform at RM6.29 with revised target price of RM7.80: MAHB announced last Friday that it has been advised by the Ministry of Transport to put on hold the approved increases on the passenger service charge (PSC) as well as the aircraft landing and parking charges until further review by the government.

To recap, MAHB announced last month an increase in the international PSC from RM51 to RM65 per person (+RM14) for all airports and from RM25 to RM32 per person (+RM7) for the low-cost carrier terminal from Sept 15. It also announced a 30% increase in landing charges and a 64% rise in parking charges to be implemented in stages in 2012 to 2014.

This is an unwelcome surprise to us as last month’s aeronautical charge hikes were officially announced by Transport Minister Datuk Seri Kong Cho Ha, following which we raised our earnings forecasts for MAHB.

After last Friday’s announcement, MAHB may have to continue with the current arrangement indefinitely, wherein all international departing passengers from all non-LCCT airports will be charged the existing RM51 per person PSC and the government compensates MAHB for RM14 per person, thereby allowing MAHB to earn RM65 per person PSC for these international departures. For international departing passengers originating from the LCCT airports, MAHB will not be able to implement the RM7 per person hike, which means that the existing RM25 per person PSC remains in force beyond Sept 15.

In addition, the current landing and parking charges will be unchanged and the proposed staggered 30% hike in landing charges and 64% rise in parking charges may be abandoned.

The government will continue to pay MAHB RM14 per person compensation for each international passenger departing from the non-LCCT airports. However, we are unclear if  it will compensate MAHB for the proposed RM7 per person hike for each international departure from LCCT airports. We note that the 2009 restructuring agreement had allowed for a PSC hike only in 2014, rather than in 2011, and we are uncertain if MAHB will receive any compensation for the RM7 per person PSC hike deferment.

For the landing and parking charges, MAHB is entitled under the 2009 restructuring agreement to increase the charges up to the lowest of the four regional peers, which is currently Indonesia. However, even back in 2009 when MAHB had the opportunity to increase these charges by 30%, it did not do so as air travel was expected to be weak in the wake of the global financial crisis. Given that landing and parking charges are not covered by the marginal cost support mechanism, the odds are MAHB will not get any compensation for the deferred parking and landing fee hikes.

This U-turn shows the strength of the airline lobby at the moment, with both MAS and AirAsia under the stewardship of Tan Sri Tony Fernandes. The hikes came at a time when MAS is racking up huge losses, which may have made the lobbying easier. MAS needs every bit of help it can get and aeronautical charge hikes fly in the face of the government’s priority of turning MAS’ fortunes around. MAHB is currently earning decent profit with the existing tariffs. Furthermore, MAHB cannot discriminate between the airlines by charging different fees.

We have reflected the tariff hike deferrals by removing them from our earnings model. We now reduce our earnings per share forecasts by 6.6% for FY12 and 7.9% for FY13. This would have reduced our end-2011 target price from RM8 to RM7.50 but we are taking the opportunity to roll forward the time horizon of our target price from end-2011 to end-2012. Our new discounted cash flow-derived target price is RM7.80.

We emphasise that MAHB has not been asked to reduce its charges, but merely to give up its proposed rate increases. Its business model remains robust.

We continue to rate MAHB an “outperform” and recommend investors accumulate on weakness. We believe this tourism play will piggyback on AirAsia’s strong growth without the excess baggage of oil price volatility. We view it as a consumer play through rising retail spending within its outlets, especially with the upcoming KLIA2 and joint-venture mall. The strong passenger traffic growth of 12.7% year-to-date will support earnings. MAS’ oneworld alliance membership could bring new airlines into KLIA —British Airways and Qantas. Their return to KLIA after more than a decade’s absence would be positive for MAHB and for the development of KLIA. — CIMB Research, Sept 12

http://www.theedgemalaysia.com/i ... -airport-lobby.html

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发表于 2011-9-20 21:22 | 显示全部楼层
MAHB enters JV to manage airport in China      
  
KUALA LUMPUR: Malaysia Airports Holdings Bhd has entered into a joint venture agreement with Nagamas Enterprise (HK) Ltd to manage the Yongzhou LingLing Airport in China.

It said on Tuesday, Sept 20  that its subsidiary Malaysia Airports Consultancy Services Sdn Bhd (MACS) would set up a joint venture company (JV) with Nagamas for the joint provision of airport operation, management and technical consultancy services for the Yongzhou Lingling Airport, as we as other airports in China to be mutually agreed by the companies.

MAHB said the JV would have a registered capital of RMB100,000 divided into 100,000 shares of RMB1 each.

It said MACS would subscribe for 60,000 shares, whilst Nagamas will have the remaining 40,000 shares.

MAHB said the JV was not expected to have any material effect to its earnings for the financial year ending Dec 31, 2011 but would contribute positively to its future earnings.

http://www.theedgemalaysia.com/b ... port-in-china-.html

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发表于 2011-9-22 19:21 | 显示全部楼层
MAHB privatises RM530m KLIA2 complex to WCT JV     
  
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is privatising the CONSTRUCTION [] and financing of the integrated complex at KLIA2 under a 25-year concession period to Segi Astana Sdn Bhd – joint venture between WCT BHD [] and MAHB. The construction cost is RM530.3 million.

WCT said on Thursday, Sept 22 it had signed a concession agreement with MAHB and Segi Astana for the privatisation of the construction, development and financing of the complex on a build-operate-transfer model.

WCT said Segi Astana was currently a unit of WCT Land Bhd, which in turn was a wholly-owned subsidiary of WCT.

Segi Astana’s authorised share capital will be increased to RM150 million from RM100,000 while its paid up would be RM106.06 million from RM2 when the commercial operation of the complex starts.

Under the agreement, WCT Land will hold 70% or RM74.24 million of Segi Astana’s paid-up and MAHB 30% or RM31.818 million.

MAHB granted WCT the sole and exclusive right and authority during the concession period to build and manage the complex and also arrange for any necessary financing.

The complex comprises of a transportation hub for the Express Rail Link, buses, taxis, car rental services and private transport. It would have a commercial complex consisting of a shopping mall with net lettable area of approximately 350,000 sq ft; and car parks with 6,000 parking bays.

The construction cost of the project is about RM530.3 million to be funded through external borrowings by Segi Astana and the balance by shareholders equity.

“The concession shall be for a period of up to 25 years and may be extended for a further period of 10 years at the option of the concession company.  The commencement date of the concession is Aug 1,  2011.

“Upon the expiry of the concession period, Segi Astana shall transfer the integrated complex including the building, fittings and relevant documents at no cost to MAHB,” WCT said.

WCT said in consideration of MAHB granting the concession to WCT, Segi Astana would pay MAHB a lease rental of RM31.818 million.

The lease rental shall be net off against the subscription price payable by MAHB in respect of their 30% equity holding in Segi Astana.  MAHB may also be entitled to royalty payments.

“As KLIA2 will be a dedicated international terminal for low-cost carriers and in view of the expected increase in demand for low cost air travel, the prospects of the concession company are expected to be positive. The revenue from the project will further broaden and strengthen WCT group’s future recurring income base,” it said.

http://www.theedgemalaysia.com/b ... plex-to-wct-jv.html

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发表于 2011-9-22 21:16 | 显示全部楼层
Nagamas-MAHB JV to provide services in China      
  
PETALING JAYA: Nagamas International Bhd’s wholly-owned subsidiary Nagamas Enterprise HK Ltd (NEHK) has signed a joint venture agreement with Malaysia Airports Consultancy Sdn Bhd (MACS), a unit of Malaysia Airports Holdings Bhd (MAHB), to establish a joint venture company (JVC) for the joint provision of airport operations, management and technical consultancy services for airport development projects in China.

In a filing with Bursa Malaysia yesterday, Nagamas said NEHK will own 40% of the JVC’s initial working capital of 100,000 yuan (RM49,150) and MACS the balance.

Nagamas said the venture is expected to contribute positively to the group’s future earnings.

In a separate statement, MAHB said the JV agreement is expected to contribute positively to future net assets and earnings for the group.

It added that the agreement will not have any effects on the issued and paid-up share capital and substantial shareholders’ shareholdings of Nagamas, and will not have any material effect on the net assets of the company for the financial year ending Dec 31, 2011.

In a separate statement, MAHB said the JV agreement is expected to contribute positively to the future net assets and earnings the group.

NEHK and MACS had on Feb 22 entered into a joint cooperation agreement for the joint provision of airport operation, management and technical consultancy services to the Yongzhou Lingling Airport and other airports in China.

http://www.theedgemalaysia.com/i ... vices-in-china.html

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发表于 2011-9-29 23:03 | 显示全部楼层
機場控股營業額 放眼2014年達30億
財經 29/09/2011 17:29

 (吉隆坡29日訊)大馬機場控股(AIRPORT,5014,主要板貿易)放眼強化航空及商業服務等收費業務,2014年營業額有望達30億令吉。

 該公司商業服務部高級總經理法依查在推介首個電視廣告及iPhone手機應用程式后指出,屆時非航空業務貢獻至營業額比重,將從現有51%提高至67%。

 她指出,公司希望商業服務部門能成為未來盈利增長的主要動力,提升各部門貢獻比重有助達成長目標。

 “公司將在機場商業模式(ACM)下發展,旗下39個機場將分為生活化、休閒、社區及企業責任等4種類。”

 公司希望這項發計劃下,公司能夠從單一的航空中心角色,轉型為多功能的機場城市,與時迸進、跟上潮流提供更多樂趣

 法依查指出,大馬機場控股從去年開始,即已開始為旗下機場轉型,今年推出新的廣告行銷,就是希望能夠強化這項計劃。

 公司將根據每個機場的特質,決定分配予的角色。

http://www.chinapress.com.my/node/255455

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发表于 2011-10-2 17:07 | 显示全部楼层
Things are still okay at Malaysia Airports      
  
Malaysia Airports Holdings Bhd
(Sept 29, RM5.33)
Maintain buy at 5.35 with target price of RM7.55: MAHB’s July 2011 traffic statistics revealed a respectable 13.4% year-on-year (y-o-y)  passenger growth (7M 2011: +12.7% y-o-y). This is way ahead of regional and global growth rates which underpins our positive stance for MAHB. Cargo volumes saw signs of a recovery with volume growth of 2% y-o-y (7M 2011: -1.8% y-o-y).

Maintain “buy”; no change to our earnings forecasts and RM7.55 per share discounted cash flow-based target price. KLIA is a formidable Southeast Asian hub. KLIA continues to surprise positively by delivering an impressive 12.7% y-o-y passenger growth (7M 2011: +13.3% y-o-y). If KLIA can maintain this growth momentum for the remainder of the year, it will probably register traffic of 38 million to 39 million passengers; thus making it the 25th to 27th busiest airport in the world — up from 31st in 2010.   

MAHB’s passenger traffic growth of 13.4% in July significantly outpaced the Asia-Pacific’s average growth of 5.5% and world’s average growth of  5%. Its cargo shipment  has also fared better with 2% growth as opposed to a contraction of 1.8% in Asia-Pacific and a 5.6% decline for world average.

The strong traffic statistics suggested that AirAsia, MAS and Firefly will report a strong traffic growth running up to 3Q. But the yield environment will be challenging as the industry grapples with excess capacity and customers are disinclined to pay higher fares. We expect MASKargo to show improved performance compared with 1H.     

Share price collapse presents attractive value. MAHB’s share price has plunged by 17.5% since our post 2Q results commentary dated July 29 due to the intense volatility of global equity markets. We think this presents an excellent entry point as the company’s fundamentals remain solid with continued strong passenger growth, high utilisation rate of primary asset (KLIA is ±85%),  and it is  trading at 10.8 times 2012 PER and 9.1 times 2012 EV/Ebitda — cheap against its historical average. — Maybank IB Research, Sept 29

http://www.theedgemalaysia.com/i ... aysia-airports.html

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发表于 2011-10-17 20:07 | 显示全部楼层
大馬機場維持“跑贏大市”評級
大馬財經
  2011-10-17 15:49

(吉隆坡17日訊)大馬機場(AIRPORT,5014,主板貿服組)與WCT公司(WCT,9679,主板建筑組)合作發展與廉航終站(KLIA2)連接的綜合性廣場。

分析員對此表示正面,雖然短期內對盈利無法帶來顯著影響,不過大馬機場在聯營合作上可謂“零成本”,不須祭出任何資本開銷。聯昌研究維持大馬機場“跑贏大市”評級,目標價訂在7令吉80仙。(星洲互動)

http://www.sinchew-i.com/node/246922?tid=5

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发表于 2011-10-21 22:59 | 显示全部楼层
“零成本”聯營綜合廣場
大馬機場前景向好

業績評論  2011-10-21 19:05

(吉隆坡21日訊)大馬機場(AIRPORT,5014,主板貿服組)與WCT公司(WCT,9679,主板建筑組)合作發展與廉航終站(KLIA2)連接的綜合性廣場,分析員對此表示正面,雖然短期內對盈利無法帶來顯著影響,不過大馬機場在聯營合作上可謂“零成本”,不須祭出任何資本開銷。

管理層認為,地庫發展計劃對2013及2014年的影響中和,因需要耗上一段時間,相信直到2015年才可預見顯著盈利貢獻。大馬機場將持有上述計劃的30%股權,並注入地庫以作為資本投資,料在2012年杪完成。

每年可獲3780萬租金

聯昌指出,以每平方呎10令吉及90%出租率計,綜合性廣場計劃每年可捎來3千780萬令吉租金收益,而大馬機場的30%持股權相等於1千130萬令吉,不過在扣除營運及折舊開銷後,初步階段對其盈利影響不大。

“相信到了2015年,綜合性廣場及其發展計劃可推高9至13%淨利。”

除了成為公共交通據點,該廣場也將包含購物商場,淨可出租面積達35萬平方呎。聯昌認為,商場的面積適中,不會過大或過小,因過大將難以尋求足夠的租戶,而太小又欠缺魅力。

“而且,每平方呎10令吉出租費非常具吸引力,相信不難尋求租戶。”

2013年收益料增長35%

聯昌說,商業發展將成為未來的成長要素,預計到了2013年,租金及零售收益將增長35%,商業收益從2008年的5億9千700萬令吉,增長23%至2010年的7億3千300萬令吉,且料今年進一步增至8億4千700萬令吉。

為此,大馬機場已為KLIA地帶的發展計劃進行更多招標活動,相信會在未來幾個月內敲定,或包括3星酒店、工廠、汽車展銷廳及市集等,料在2013年杪或2014年初完成。

至於KLIA2的整體零售面積則為48萬平方呎,比LCCT超越近5倍。管理層透露,KLIA2所提供的服務及產品與LCCT相似,不過選擇會更多,且專注在餐飲業及中檔產品,也鎖定非搭客群,因此或包含電影院及霸市等。

同時,大馬機場會將旗下員工及其他企業員工視為消費目標,預計KLIA附近的上班族達4萬5千人。若20%的上班族在當地享有午餐,每年將錄得330萬人次。

聯昌指出,大馬機場也正說服其他企業如馬航(MAS,3786,主板貿服組)將營運搬遷至KLIA,而貨運業者如DHL會在明年1月從梳邦遷入KLIA。

在發展大藍圖計劃下,KLIA附近的2萬2千公頃的地庫中,有2千730公頃獲鑑定為商業發展。

雖然這些地庫是由政府持有,不過在營運協議下,大馬機場獲得機場的25年營運權,並可另延長25年。至於商業發展地帶,營運執照則長達60年。

將KLIA地帶轉化為“機場城”

該發展大藍圖旨在將KLIA地帶轉化為“機場城”,將循序漸進執行,料長達5至10年。

由於機場週遭方圓20公里欠缺購物廣場,因此相信可吸引來自芙蓉、布城、賽城及汝來的市民及大專生。若每個月有25%市民到訪,每年則錄得170萬人次。

該公司面對的潛在風險包括經濟下滑衝擊航空業及無法維持過往的90至95%出租率,不過催化劑則包括政府針對降陸及停泊費提高而作出賠償,加上昆士達及英國航空重新飛往吉隆坡。

聯昌維持大馬機場“跑贏大市”評級,目標價訂在7令吉80仙。(星洲日報/財經)

http://biz.sinchew-i.com/node/53040

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发表于 2011-10-25 15:58 | 显示全部楼层
1:02PM AIRPORT   Nine-month net profit 278.228 million (increased 42.78%)
5014    AIRPORT    MALAYSIA AIRPORT HOLDINGS BHD Quarterly rpt on consolidated results for the financial period ended 30/9/2011
Quarter:3rd Quarter
Financial Year End:31/12/2011
Report Status:Unaudited
Submitted By:Sabarina Laila Mohd Hashim
Current Year QuarterPreceding Year Corresponding QuarterCurrent Year to DatePreceding Year Corresponding Period
30/09/201130/09/201030/09/201130/09/2010
RM '000RM '000RM '000RM '000
1Revenue652,828623,7781,917,4491,647,405
2Profit/Loss Before Tax145,14591,681412,237292,412
3Profit/Loss After Tax and Minority Interest108,20162,096278,276194,932
4Net Profit/Loss For The Period108,18262,116278,228194,869
5Basic Earnings/Loss Per Shares (sen)9.835.6525.2917.72
6Dividend Per Share (sen)0.000.000.000.00
As At End of Current QuarterAs At Preceding Financial Year End
7Net Assets Per Share (RM) 3.18013.0163
Remarks:
N/A

25/10/2011   01:02 PM

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发表于 2011-10-25 22:10 | 显示全部楼层
MAHB 3Q earnings up 74% to RM108m      

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) earnings rose 74.1% to RM108.18 million in the third quarter ended Sept 30, 2011 from RM62.11 million a year ago, boosted by higher contributions to airport operations and higher passenger movements.

In a statement on Tuesday, Oct 25,  MAHB said revenue rose 4.6% to RM652.83 million from RM623.78 million a year ago.  Earnings per share improved to 9.83 sen for 3Q11 from 5.65 sen a year ago.

"The improved revenue was mainly attributed to the effects of adopting IC 12 which resulted in recognition of CONSTRUCTION [] revenue in relation to the construction of KLIA2 and expansion of Penang International Airport in the current quarter and financial period-to-date of RM169.1 million and RM506.2 million respectively as compared to the amount recognised in the same period previous year of RM177.5 million and RM328.9 million respectively," it said.

Once construction revenue was stripped out, the improvement in revenue for the current quarter under review was due to a 7.4% growth in airport operations, driven by an increase in non-aeronautical revenue of 15.6%, mostly derived from the group's retail business.

However, MAHB said its airport operations revenue was impacted by airline incentives accrued in the financial period to date. It said RM90.0 million wouldl be given out in the current financial year compared to RM27.7 million a year ago.

"The airline incentives were granted to eligible airlines under the Airlines Recovery Program (ARP) announced on Nov 18, ember 2009 and effective for three years ending Dec 31, 2011," it added.

Passenger movements for the quarter was 10.8% higher compared to a year ago, in which the international and domestic passenger movements increased by 9.8% and 11.6% respectively.

Year-to-date, the group's profits rose 42.7% to RM278.23 million from RM194.87 million. Revenue rose 16.4% on-year from RM1.65 billion to RM1.92 billion.

MAHB said was it optimistic that overall passenger traffic at its airports would remain positive in 2011. "The expected future GDP growth as well as increases in tourism and consumer spending in these markets will provide positive support to the group's operational and growth objectives," it added.

However, MAHB pointed out that the International Air Transport Association (IATA) has recently estimated a 5.9% world passenger traffic growth for 2011, an upward revision from an earlier forecast of 4.4% in June.

However, MAHB said the temporary improvement in passenger demand was unexpected and may not be expected to continue beyond the short term due to the growing likelihood of a protracted period of slow growth in the developed economies.

IATA had also forecast cargo growth at 1.4 % from the earlier 5.5 %. On this, MAHB said the significant reduction in cargo growth revision reflected a slowing worldwide economy.

“Nevertheless, to date the overall impact of these factors to MAHB have been relatively low and at this juncture MAHB is optimistic that the overall passenger traffic performance at the airports operated by the group will remain positive in 2011,” it said.

http://www.theedgemalaysia.com/b ... p-74-to-rm108m.html

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发表于 2011-10-25 23:42 | 显示全部楼层
淨利增74% 大馬機場股價急漲

(吉隆坡25日訊)在零售業務收入增長帶動機場營運的情況下,大馬機場(AIRPORT,5014,主板貿服股)2011財政年(截至12月31日)第三季淨利按年暴增74.25%,至1億零818萬2000令吉,去年同期淨利僅為6211萬6000令吉。

大馬機場第三季營業額按年微增4.66%,至6億5282萬8000令吉。在首三個季度,該公司的營業額按年增長16.39%,至19億1744萬9000令吉,淨利則按年劇增42.76%,至2億7827萬6000令吉。

該公司在公佈亮眼的業績後,該股價尾盤急漲,最終以全日最高水平5.88令吉掛收,全天上漲33仙,是今日漲幅最大的股項,有820萬6000股成交。

採用「IC 12」新會計準則

大馬機場這次業績採用了「IC 12」新會計準則,把吉隆坡第二國際機場和檳州機場擴建工程建築營收計算在內。

若沒採用「IC 12」新會計準則,大馬機場第三季營業額將是4億8374萬5000令吉,按年增長8.39%;若沒有採用「IC 12」會計準則,淨利的增長率稍微提高至75.07%,這是因為作為比較基準的去年同期淨利將是6180萬4000令吉。

由零售業務收入支撐的非航空服務營業額增長15.6%,帶動其機場營運收入增長7.4%,一併推動公司營業額成長。

對比上一財政年首9個月,該公司營業額結構出現轉變,其機場營運的非航空服務佔營業額比例,從去年同期的18%轉變成43%,而航空服務佔營業額比例則從去年的59%,縮減成33%。

此外,該公司第三季乘客量按年攀漲10.8%,其中國際和國內乘客分別增長9.8%和11.6%。但每位乘客總營業額卻從去年同期30.37令吉,萎縮3.6%,至29.28令吉。

大馬機場首三個季度酒店營業額按年攀漲18.1%,或820萬令吉,主要是由分別按年增長68.6%和67.8%的飲食服務和房間入住率貢獻。大馬機場在2010年清償短期貸款,使現財政年貸款利息減少。該公司從投資項目中獲得更高股息收入,及成本節省方面的努力,亦對盈利成長有所貢獻。

http://www2.orientaldaily.com.my ... m9t1s6c03GB23aK6SaC

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发表于 2011-10-27 13:23 | 显示全部楼层
机场贡献增 客流量扩大 大马机场净利扬74% 2011-10-26 18:56
http://www.nanyang.com/node/393184?tid=462




(吉隆坡26日讯)机场业务贡献增加,加上客流量扩大,大马机场(Airport,5014,主板贸服股)截至今年9月30日第三季,净利跃升74.16%至1亿818万2000令吉,上财年同期为6211万6000令吉。

第三季营业额也从上财年同期的6亿2377万8000令吉,增长4.66%至6亿5282万8000令吉。

截至今年9月30日首9个月,大马机场录得2亿7822万8000令吉净利,比上财年同期的1亿9486万9000令吉增加了42.78%;同期营业额也按年扬升16.39%至19亿1744万9000令吉,上财年同期为16亿4740万5000令吉。

现财年第三季和首9个月的每股盈利分别为9.83仙和25.29仙,上财年同期分别是5.65仙和17.72仙。

KLIA客增10%

据大马机场,现财年第三季内,吉隆坡国际机场(KLIA)的搭客流量增加了10.4%至954万人次,上财年同期为864万人次;总搭客流量当中,有669万人次为国际搭客,285万人次为本地搭客。

此外,公司旗下其他机场在第三季的搭客流量,也从上财年同期的593万人次增加11.3%至660万人次。

空运流量方面,吉隆坡国际机场的空运量从上财年同期的1亿7194万公斤,滑落0.6%至1亿7084万公斤;这机场的飞机流量也按年增加10.7%至6万8040架次,上财年同期为6万1461架次。

其他机场的飞机流量则增加8.1%至9万1152架次,上财年同期为8万4307架次。




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发表于 2011-10-27 18:42 | 显示全部楼层
OSK Research reaffirms Buy on MAHB      

KUALA LUMPUR: OSK Research is reaffirming its Buy call on Malaysia Airports Holdings Bhd (MAHB) with a discounted cashflow (DCF)derived target price of RM7.36.

It said on Thursday, Oct 27 MAHB reported commendable earnings, with its cumulative core net profit coming in line with its estimates but ahead of consensus.

OSK Research said topline growth was fuelled by higher passenger spending while its bottom-line got a boost from a higher utilisation rate and economies of scale.

“MAHB is likely to see a reduction in User Fees paid to the Government given the freeze on the airport operator’s proposed tariff hike, as the Government will pay compensation for the potential revenue loss,” it said.

The research house said in the pipeline are two more JV initiatives and a 50-acre development of a factory outlet.

“With its 9MFY11 earnings in line, we make no changes to our earnings at this juncture. We re-affirm our BUY call, with a DCF-derived target price of RM7.36, based on 9% WACC,” it said.

http://www.theedgemalaysia.com/b ... ms-buy-on-mahb.html

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发表于 2011-10-27 20:35 | 显示全部楼层
機場控股 首3季賺4億
財經26/10/2011 17:55
http://www.chinapress.com.my/node/262943

 (雪邦26日訊)乘客人數提高、聯號公司虧損收窄及更好的成本管理,帶動大馬機場控股(AIRPORT,5014,主要板貿易)首3季稅前盈利按年激增41%至4億1220萬令吉。

 該公司總財務長法依沙曼蘇說,全國39個機場在首9月共錄得4740萬乘客人次,增加12%;歐元走軟令歐洲旅遊市場比預料中理想,預計全年乘客人次可達6200萬。

 “國際和本地乘客人次分別成長12.2%及11.7%。”

 他于25日在業績匯報會上指出,落實新會計標準IC Intrepretation 12 后,反映第二吉隆坡國際機場(KLIA2)(5億620萬令吉)和檳城國際機場(3億2890萬令吉)的建築營業額和相關成本在營業額項目上,首3季營業額因而達到19億2000萬令吉,增16.4%。

 法依沙說,若除去IC 12的效益,營業額為13億令吉,較去年提高6.1%。

  大馬機場控股的零售業務增長16.3%至3億4310萬令吉。

 詢及馬航(MAS,3786,主要板貿易)與亞洲航空(AIRASIA,5099,主要板貿易)合作一事,他指出,任何好意的合作都有利大馬機場控股,這2家航空公司是該公司最大和最強的夥伴。

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发表于 2011-10-27 21:34 | 显示全部楼层
泰国的机场差不多要进水了,我们机场应该受益很多。。。

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发表于 2011-10-28 20:55 | 显示全部楼层
MAHB shares climb on imposition of charges at airports      

KUALA LUMPUR: Shares of Malaysia Airports Holdings Bhd (MAHB)climbed in early trade on Friday, Oct 28 after it received the government approval to raise international passenger service charge (PSC) and aircraft landing and parking charges.

At 9.27am, MAHB share price was up 17 sen to RM6.05.

The FBM KLCI was up 11.46 points to 1,482.39. Turnover was 427.22 million shares valued at RM279.17 million.

Hwang DBS Vickers Research (HDBSVR) is maintaining a Buy on MAHB and raised the sum-of-parts based target price to RM8.10 from RM7.60 after an earnings upgrade.

“We continue to like MAHB for its long-term earnings potential from its cash-rich airport concession, land development, as well as overseas investments,” it said.

MAHB had received approval from the Ministry of Transport to raise the international passenger service charge (PSC) and aircraft landing and parking charges.

Effective Nov 15, International PSC for KLIA will increase from RM51 to RM65, while rates for LCCT KLIA and Terminal 2 Kota Kinabalu will increase from RM25 to RM32.

MAHB will increase aircraft landing and parking charges by 9% and 18% per annum, respectively, on Jan 2012, Jan 2013 and Jan 2014.

“This is positive as we expect minimal incremental costs for MAHB,” it said.

http://www.theedgemalaysia.com/b ... es-at-airports.html

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发表于 2011-10-28 20:57 | 显示全部楼层
HDBSVR maintains buy on MAHB, ups TP to RM8.10      

KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) is maintaining a Buy on Malaysia Airports Holdings Bhd (MAHB) and raised the sum-of-parts based target price to RM8.10 from RM7.60 after an earnings upgrade.

It said on Friday, Oct 28 that at the current share price, this implies 38% upside.

“We continue to like MAHB for its long-term earnings potential from its cash-rich airport concession, land development, as well as overseas investments,” it said.

MAHB had received approval from the Ministry of Transport to raise the international passenger service charge (PSC) and aircraft landing and parking charges.

Effective Nov 15, International PSC for KLIA will increase from RM51 to RM65, while rates for LCCT KLIA and Terminal 2 Kota Kinabalu will increase from RM25 to RM32. And it will increase aircraft landing and parking charges by 9% and 18% per annum, respectively, on Jan 2012, Jan 2013 and Jan 2014. This is positive as we expect minimal incremental costs for MAHB.

“After imputing the resulting changes to airport rates and lower growth rates for passenger and aircraft movements, we nudged up FY11F-FY13F earnings by 1%-8%.

“Besides that, MAHB also signed an agreement with Tenaga Nasional (TNB) for the latter to supply cooling energy to KLIA2 for 20-years. Apart from securing operational requirement for KLIA2, MAHB will also receive royalties from the structured agreement,” it said.

http://www.theedgemalaysia.com/b ... ps-tp-to-rm810.html

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