Trading ideas: Genting, GenM, Pos Malaysia, KLK, Pharmaniaga, Guocoland

KUALA LUMPUR: Stocks to watch on Friday include Genting Bhd, Genting Malaysia Bhd (GenM), Pos Malaysia Bhd, Kuala Lumpur Kepong Bhd (KLK), Pharmaniaga Bhd and Guocoland (Malaysia) Bhd, according to JF Apex Research.

Genting and Genting Malaysia’s sister company Genting Hong Kong has suspended payments to creditors. Genting Hong Kong said it will use its available funds to maintain critical services for the company’s operations and asked creditors to form a steering committee to evaluate a planned restructuring proposal, according to a statement to the Hong Kong stock exchange on Wednesday