KUALA LUMPUR: Stocks to watch on Wednesday include GENTING BHD
, AIRASIA Group Bhd, CIMB GROUP HOLDINGS BHD, Tadmax Resources Bhd, HLT Global Bhd and DATAPREP HOLDINGS BHD, according to JF Apex Research.
Genting and its units are planning the first group-wide salary cut since its founding in 1965.
AirAsia has applied for leave for a judicial review of the Malaysian Aviation Commission’s (Mavcom) imposition of a RM2mil penalty on the airline for violating the Malaysian Aviation Consumer Protection Code 2016 (MACPC).
CIMB is believed to be the Malaysian bank that has significant exposure to troubled oil trader Hin Leong Trading, which owes almost US$4bil to more than 20 banks, including DBS Group Holdings Ltd, HSBC Holdings Plc and Standard Chartered Plc.
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