KUALA LUMPUR: Stocks to watch on Wednesday include AirAsia X Bhd (AAX), Top Glove Corp Bhd, SCGM Bhd, Bintai Kinden Corp Bhd, Focus Dynamics Group Bhd and Oversea Enterprise Bhd, according to JF Apex Research.
AAX has proposed a debt restructuring to cut its massive debt from RM63.5bil to RM200mil and undertake share capital reduction to eliminate 90% of its accumulated losses. It also plans to consolidate its shares on the basis of 10 existing shares into one consolidated share.
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