Muhibbah seen winning RM600m projects in FY17
Maintain buy with an unchanged target price (TP) of RM3.34: Muhibbah Engineering (M) Bhd hosted a group of analysts and fund managers to Cambodia for the 20th anniversary of Cambodia Airports, a joint venture it has with Vinci SA. The visit also coincided with the completion of airport extensions, which saw Cambodia Airports doubling its passenger capacity to 12 million passengers per annum. Cambodia Airports charted a double-digit growth in its financial year 2015 (FY15) passenger traffic, marking its sixth consecutive year of such growth.
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