By M. JAY SHEILA / Pic by MUHD AMIN NAHARUL

Malaysia Airports Holdings Bhd (MAHB) shares fell 2.8% to RM7.06 sen as at 12.20pm, with close to 38 million shares exchanging hands, making it one of the most actively traded counters today.

The stock was the worst performer among its peers, down 5% in the past five days and fell 1.1% in the past month, reported Bloomberg. The stock hit its 52-week high of RM7.44 on Monday (May 22).

For the full 52 weeks prior, the airport operator advanced 13% against the backdrop of a declining 8.7% full stock exchange loss.

The stock trades at 30 times its estimated earnings per share for the coming year while the company itself is priced at 1.8 times book value.

MAHB’s dividend yield is 0.6% on a trailing 12-month basis.

Analysts’ consensus had a price target of RM7.60 for MAHB, with 10 buy recommendations, eight hold and one sell.

In an exchange filing on May 22, the company announced the resignations of three board directors: Tan Sri Mohamad Salim Fateh Din, Datuk Azailiza Mohd Ahad and Datuk Johan Mahmood Merican.

Its top shareholders are Khazanah Nasional Bhd with a 33.02% stake, Employees Provident Fund Board (14.23%) and Kumpulan Wang Persaraan Diperbadankan (6%). It has a market capitalisation of RM11.8 billion.