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    AIRPORT   MYL5014OO005

MALAYSIA AIRPORTS HOLDINGS BERHAD

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Malaysia Airports : Safety First As Malaysia Airports Replaces 17 Fire Vehicles Nationwide

05/05/2021 | 09:16am EST

SEPANG - Safety remains a top priority for Malaysia Airports with the replacement of 17 aging fire vehicles, which are reaching their maximum lifespan, at 13 airports nationwide. The new fire vehicles are to serve the Airport Fire and Rescue Service (AFRS) and will be delivered in four phases by year 2023. This replacement exercise of fire vehicles is in accordance with the safety compliance guidelines by the International Civil Aviation Organisation (ICAO) in operating an airport. The new vehicles with 750 horsepower engines will enable the AFRS team to meet the standards of reaching the incident site within three minutes after initial call from the air traffic control tower. They are also fitted with the latest state-of-the-art technology including robust surveillance cameras that will provide surrounding views to avoid possible obstructions and detect the source of heat more accurately through thermographic imaging sensors. This will result in enhancing the efficiency of the team while attending to emergencies.

According to the group chief executive officer (Group CEO) of Malaysia Airports, Dato' Mohd Shukrie Mohd Salleh, 'Airport safety remains paramount, and we continue to enhance our readiness through our top line first responder unit, the AFRS, who specialises in firefighting and rescue services within the aerodrome areas. Although we are diligently exercising measures of cost containment within the organisation considering the current COVID-19 pandemic, we continue to prioritise on our important asset replacement projects to ensure that our service standards are not compromised as we anticipate the recovery of air travel. The replacement of the fire vehicles is one example of the priorities to ensure we can respond efficiently to emergencies and protect the users at our airports.'

Another highlight of the new fleet is the online centralised management system to check the state of the vehicles across the airports in real time. The system enables automatic detection of any technical vehicle faults which will then alert both the AFRS team and the manufacturer to take immediate corrective actions. This further elevates the assurance of safe vehicle governance and optimum performance throughout its lifespan.

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The fire vehicle named Lion 6x6 Volkan weighs a massive 37.8-ton and is equipped with the standard 12,000 litre water tank and 1,500 litre foam tank. So far, six units of the fire vehicle have reached Malaysia with Melaka Airport being the first recipient whereas the five other units will be delivered to Kota Bharu Airport (KBR), Limbang Airport (LMN), Ipoh Airport (IPH) and Terengganu Airport (TGG) respectively. Eight other airports that will be receiving the fire vehicles include Mulu Airport (MZV), Miri Airport (MYY), Sandakan Airport (SDK), Bintulu Airport (BTU), Tawau Airport (TWU), Sibu Airport (SBW), Lahad Datu Airport (LDU), and Alor Star Airport (AOR).

(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 -10,9x
Yield 2021 0,01%
Capitalization 9 491 M 2 243 M 2 244 M
EV / Sales 2021 7,71x
EV / Sales 2022 3,72x
Nbr of Employees 9 693
Free-Float 76,7%
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Number of Analysts 19
Last Close Price 5,72 MYR
Average target price 6,67 MYR
Spread / Average Target 16,7%
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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