Trading ideas: AirAsia, TCS, Tex Cycle, Kossan

TheStar Wed, Aug 26, 2020 09:05am - 3 years View Original


For the second quarter ended June 30, the low-cost carrier posted losses of RM992.89mil compared with a profit of RM17.34mil a year ago.

KUALA LUMPUR: JF Apex Research expects AirAsia, TCS Group, Tex Cycle Technology and Kossan as the stocks which could see trading interest on Wednesday following their corporate announcements.

AirAsia which was badly hit by the coronavirus (Covid-19) pandemic, says it has sufficient cash flow to maintain operations for the rest of the year and 2021 in tandem with rising domestic demand.

For the second quarter ended June 30, the low-cost carrier posted losses of RM992.89mil compared with a profit of RM17.34mil a year ago.

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