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    AIRPORT   MYL5014OO005

MALAYSIA AIRPORTS HOLDINGS BERHAD

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Malaysia Airports : 1,000 Bigger, Brighter And Safer Car Park Bays For Subang Airport

05/17/2021 | 08:52am EST

SUBANG - Subang Airport (SZB) will be upgraded with 1,000 car park bays that are to bigger, brighter and safer, for the convenience and safety of the passengers and airport community. The project that is expected to complete by 3Q this year includes adding 200 extra parking bays to the current 800 available bays, improving lightings with heavy duty spotlights and enhancing directional signage for easy navigation. More importantly, we will be installing the latest state-of-the-art video surveillance cameras (CCTV) to ensure the continued safety of users. The total car park space is 34,484 square meters for the 1,000 bays.

According to the group chief executive officer (Group CEO) of Malaysia Airports, Dato' Mohd Shukrie Mohd Salleh, 'In the Subang Airport Regeneration plan, we envision to provide optimum growth potential for commercial aviation and aerospace segments at SZB in line with the national plans and ambitions. We are boosting the total user experience of Subang Airport from all angles. Refurbishing the car parks is one of the initiatives we have undertaken as part of providing important infrastructure for a seamless experience.

The two car parks that will be refurbished are located at the terminal and MRO & Helicopter Center; and they serve the public and the airport staff working with the various operators. With SZB poised as the region's preferred one stop aerospace hub, Malaysia Airports is anticipating the growth and development of its tenants in the five-year Subang Airport Regeneration plan. The plan encompasses the provision of end-to-end services to support the operators with complete infrastructures including developing leasable facilities, namely hangars, aircraft component repair workshops and aero-structure manufacturing facilities for third party operators.

'By paying attention to even the slightest details, we hope to maintain the trust and confidence that we have gained from our passengers and business partners all these years. We will continue to forge ahead with our Subang Airport Regeneration initiative so as to ensure the continuity and synergy of the aviation and aerospace sectors at SZB as a matured and holistic ecosystem,' Dato' Mohd Shukrie added further.

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 1 760 M 416 M 416 M
Net income 2021 -891 M -211 M -211 M
Net Debt 2021 4 083 M 965 M 965 M
P/E ratio 2021 -11,0x
Yield 2021 0,01%
Capitalization 9 557 M 2 258 M 2 259 M
EV / Sales 2021 7,75x
EV / Sales 2022 3,74x
Nbr of Employees 9 693
Free-Float 76,7%
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Number of Analysts 19
Last Close Price 5,76 MYR
Average target price 6,67 MYR
Spread / Average Target 15,9%
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Managers and Directors
Mohammad Shukrie bin Mohammad Salleh Group Chief Executive Officer
Mohamed bin Rastam Shahrom Group Chief Financial Officer
Zambry Abd Kadir Non-Independent Non-Executive Chairman
Yiang Ming Lee Chief Information Officer
Nor Azlina Binti Mohammad Isa Head-Technical Services