KUALA LUMPUR: Stocks to watch today include AirAsia Group Bhd, Mulpha International Bhd
, Zecon Bhd, Sersol Bhd, Xin Synergy Group Bhd, OGX Group Bhd, MNRB Holdings Bhd, KJTS Group Bhd and Zetrix AI Bhd.
AirAsia is seeking up to US$1bil in international debt financing and RM700mil in local credit facilities to refinance existing debt, lower interest costs and strengthen its balance sheet.
The group also announced a codeshare partnership with Pegasus Airlines and plans to increase Kuala Lumpur–Istanbul flights to daily by February 2027, targeting higher load factors.
Mulpha International has invested US$7mil (RM28.28mil) in SHK Latitude Alpha Fund, a multi-manager hedge fund, to enhance risk-adjusted returns and deploy surplus funds.
Zecon’s unit has proposed a 30-year RM54.36mil sublease of 302 acres in Kuching to develop a 100MW solar photovoltaic farm under its power purchase agreement with SESCO.
Peh Lon Pah has emerged as Sersol’s substantial shareholder after acquiring a 12.43% stake, while executive director Datuk Mohamed Suffian Awang and two other directors resigned citing personal commitments.
Xin Synergy has lodged a second police report against three former directors over alleged irregularities in moneylending activities, including loans approved in breach of procedures and regulations.
OGX Group’s subsidiary has been appointed as an authorised distributor for Axtraction AI’s enterprise AI solutions in Malaysia, expanding its technology portfolio beyond IT infrastructure and cybersecurity.
MNRB has established a seven-year RM500mil commercial paper programme to fund working capital, investments, capex and other corporate purposes.
KJTS Group has secured four 20-year contracts in Thailand worth RM47.8mil in fixed fees to retrofit, operate and maintain cooling systems and supply chilled water to four hotels.
Zetrix AI is acquiring a 60%-owned stake in MYEG Philippines for RM130mil in cash and shares, aiming to expand its blockchain and AI services and strengthen its presence in the Philippine market.
