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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  Malaysia Airports Holdings Berhad    MAHB   MYL5014OO005

MALAYSIA AIRPORTS HOLDINGS BERHAD

(MAHB)
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Malaysia Airports Berhad : gets ISO certification for anti-bribery management system

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05/18/2019 | 03:45am EDT

Malaysia Airports Holdings Bhd has achieved the ISO 37001:2016 certification for its Anti-Bribery Management System (ABMS), which is currently used for its procurement process.

The ISO 37001:2016 is an anti-bribery management system standard that is designed to help an organisation establish, implement, maintain and improve an anti-bribery compliance programme with a series of measures to detect, prevent and respond to any form of bribery in line with global anti-bribery good practices.

In a statement today, Malaysia Airports general manager of procurement Ibrahim Chang Boon Teck said there are fewer than 30 establishments in Malaysia that have obtained this certification.

"We are really proud to have joined the ranks of this group of multinational and government-linked companies that strongly believe in ensuring a corruption-free workplace," he said.

Chang said there is a vital need to place controls within organisations, at both human and process levels, to reduce incidences of bribery.

"This is not only beneficial to Malaysia Airports but will also go down the market place value chain to reach our vendors and business partners. This means that our vendors and business partners can have added assurance that they too can be corruption free when dealing with us," he said.

"With the successful ISO certification of the ABMS for our procurement process, we will be expanding the scope to other areas within the organisation such as commercial services, information technology and project management," Chang added.

Shares of Malaysia Airports closed 14 sen or 1.97% higher at RM7.23 with a market capitalisation of RM11.99 billion.

(c) 2019 Global Data Point. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (MYR)
Sales 2019 5 358 M
EBIT 2019 1 278 M
Net income 2019 508 M
Debt 2019 2 242 M
Yield 2019 2,81%
P/E ratio 2019 23,85
P/E ratio 2020 20,36
EV / Sales 2019 2,59x
EV / Sales 2020 2,33x
Capitalization 11 614 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 8,75  MYR
Spread / Average Target 25%
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Managers
NameTitle
Raja Azmi bin Raja Nazuddin Chief Executive Officer
Zainol Anwar ibni Putra Jamalullail Non-Independent Non-Executive Chairman
Radin Asrul Adza bin Radin Soenarno General Manager-Information Technology
Veelayudan Krishnan Nair General Manager-Research & Planning
Mohammed Izani bin Ghani Non-Independent Non-Executive Director
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