Cfm9566

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Joined Jul 2021

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chang fok ming replied to comment on MUHIBAH.
Last year concession division (mainly airport) contribute > 100m profit !

This year the airport traffic expect to growth further 20%.

With the confirmation of 15 years operating rights at new airport (higher capacity somemore) ~ so ridiculous the share price trading at current level !!
23 hours · translate
chang fok ming commented on MUHIBAH.
Key take-way from Annual Report

1. SCA (associate company) has secured the operating rights of new Techo International Airport for 15 years + compensation of USD 140m

2. Favco has secured crane orders from Saudi’s Jeddah Tower (upcoming world tallest building)

3. dividend : 3 cent
Yesterday · translate
chang fok ming commented on MUHIBAH.
Cambodia airport traffic 25Q1:

By passengers (in millions): 1.442m (+22% y-y)
24Q1: 1.181m
24Q2: 1.136m
24Q3: 1.194m
24Q4: 1.328m

By number of commercial flights: 12,711 (+22% y-y)
24Q1: 10,391
24Q2: 10,544
24Q3: 10,724
24Q4: 11,438
2 weeks · translate
chang fok ming replied to comment on MUHIBAH.
RM 1.5mil can make price down 13%!
If the 50mil apply share buy back can limit up few round eh !!
3 weeks · translate
chang fok ming replied to comment on MUHIBAH.
Dividend yield > 5% alrdy
+ airport concessions recurring income cum defensive

With the current market cap, airport’s net profit x 4 years alrdy cover it !
3 weeks · translate
chang fok ming replied to comment on MUHIBAH.
Pros: Muhibah’s profit will increase slightly after this acquisition

Cons: bought at high price and there are plenty of better option in the market now
1 month · translate
chang fok ming commented on MUHIBAH.
钱多就作怪…
50mil use for share buy back can terus limit up !
But management opt for increase stake in Master
1 month · translate
chang fok ming replied to comment on MUHIBAH.
By Passengers numbers
2025 Feb: + 24% y-y
By Commercial movements
2025 Feb: + 21% y-y
1 month · translate
chang fok ming replied to comment on MUHIBAH.
柬埔寨航空业客运量今年预计达750万人次
https://www.jianhuadaily.com/20250313/283249
1 month · translate
chang fok ming commented on MUHIBAH.
今年1月份，通过航空入境柬埔寨的游客达24.5万人次，同比增长18.8%。其中，从金边机场入境的游客为15.7万人次，同比增长18%；暹粒机场为8.3万人次，同比增长16%；西港机场为4294人次，同比猛增267%。

https://cc-times.com/posts/27640
1 month · translate
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