MAHB, Capital A corporate exercises dominate recovery in tourism

Kenanga Research projected inbound tourist numbers to hit 27 million this year for Malaysia as compared to 20 million last year.

PETALING JAYA: Corporate exercises involving Malaysia Airports Holdings Bhd (MAHB) and Capital A Bhd will upstage the recovery that is under way in the tourism sector, leading analysts to have a neutral view on the aviation sector.

Kenanga Research noted the proposed privatisation exercise of MAHB and Capital A’s regularisation plan to exit its PN17 status predominates the recovery within the tourism sector this year.