EVENING 5: Worst yet to come for AAX, analysts warn

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. AirAsia X tumbles as analysts warn that the worst is yet to come for the carrier after it posted its biggest-ever quarterly loss.

2. Former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi agrees that the fund's acquisition of an independent power producer was a sham deal.

3. Petronas and Sarawak withdraw lawsuits against each other over the RM2 billion in sales taxes imposed by the state.

4. Unisem (M) sees 2QFY20 earnings jump more than twofold, driven by higher sales volume and foreign exchange gains.

5. The government still has an outstanding RM4.763bil worth of deferred GST refunds, which it aims to pay off by the end of the year.