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Turkey's failed coup takes toll on Malaysia Airports Holdings

The operator of Istanbul's Sabiha Gokcen Airport is down 5% on expectation that tourist arrivals will fall further

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Published Mon, Jul 18, 2016 · 09:50 PM

    Kuala Lumpur

    ON the local bourse, Malaysia Airports Holdings Bhd (MAHB) took a beating from the failed coup attempt in Turkey last week, shedding 5 per cent on Monday on anticipation that tourist arrivals would fall further in a country already roiled by recent terror attacks.

    Shares of the airport operator which fully owns Istanbul's Sabiha Gokcen Airport (ISG) finished the day at RM6.11 as analysts warned of an earnings risk following the attempted military coup to overthrow President Recep Tayyip Erdogan.

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