KUALA LUMPUR: Stocks to watch on Thursday include Dagang Nexchange Bhd
, TSH Resources Bhd, Berjaya Corp Bhd, Salcon, AirAsia X Bhd (AAX) and AMMB Holdings Bhd, according to JF Apex Research.
DNeX has backtracked from its plan to dispose of its 30% stake in Ping Petroleum Ltd, and instead wants to buy up the remaining 70% stake in the oil and gas (O&G) exploration and production (E&P) outfit via a combination of cash and new DNeX shares.
TSH Resources is disposing of its 90% stakes in two Indonesian subsidiaries to Kuala Lumpur Kepong, realising cash proceeds of RM517.62mil.
TSH said in a statement that the money will be used mainly to repay its bank borrowings, which amount to RM513.12mil.
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