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EVENING 5: Five things you need to know today

TheEdge Wed, May 27, 2020 09:51pm - 1 month ago


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

1. Axiata Group is reportedly looking at two 5G equipment suppliers in a move that could cut its reliance on long-term vendor Huawei Technologies Co.

2. IOI Corp’s 3QFY20 net profit plunges to RM100,000, hammered by foreign currency translation loss on borrowings and deposits.

3. Affin Hwang Capital Research is keeping its "sell" call on MAHB, and expects its loss to widen in 2QFY20.

4. CGS-CIMB Research expects Telekom Malaysia and QL Resources to be added as FBM KLCI constituents.

5. The Customs Department slaps Tan Chong Motor Holdings’ manufacturing unit with a RM180.11 million bill for excise duties.






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