KUALA LUMPUR: Top Glove Corporation, AirAsia
Group, Wah Seong, MY EG Services and Inari Amertron are among the stocks which could see trading interest on Wednesday after the barrage of corporate news, according to TA Securities Research.
The world’s biggest glove maker, Top Glove estimates that its FY21 revenue will only drop by 3% following the temporary closures of its 28 factories in Klang due to the outbreak of Covid-19 in its worker dormitories.
As for low-cost carrier AirAsia Group, its net losses for the 3QFY20 narrowed to RM851.8mil from RM992.9mil in 2QFY20 on pent-up demand from local holidaymakers.
Impairments and provisions weighed on Wah Seong Corp as its net losses ballooned to RM255.8mil in 3QFY20 from RM29.6mil in 2QFY20, despite an improvement in revenue. The group recognised RM265.2mil worth of adjustments including impairments and provisions.
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