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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.
PETALING JAYA: AirAsia X Bhd (AAX) says it is expected to remain on hibernation mode in the near term.
KUALA LUMPUR: AirAsia X Bhd will further reduce its payroll next month due to severe liquidity constraints after the long haul budget carrier stopped selling tickets for future travel dates amid the Covid-19 uncertainty.
PETALING JAYA: Like most airlines across the globe, AirAsia Group Bhd is going through a tough time navigating out of the economic turbulence brought about by the coronavirus (Covid-19) pandemic. It was nothing short of a nightmare when it had to ground 95% of its fleet at the peak of the pandemic
PETALING JAYA: AirAsia X Bhd (AAX) carried 2,291 passengers in the second quarter ended June 30, down 100% from 1.45 million passengers in the same quarter a year ago.
KUALA LUMPUR: AirAsia X Bhd (AAX) carried 2,291 passengers in the second quarter ended June 30, down 100% from 1.45 million passengers in the same quarter a year ago.
AIRASIA Group Bhd, Asia’s leading low cost carrier (LCC), has secured financing to the tune of RM1bil that will give it the much needed cash flow to survive the turbulent times of the industry.
KUALA LUMPUR: Financial assistance such as loans with easier terms to AirAsia Group is crucial in helping the struggling low-cost carrier to turn around as its recovery will bring about a huge spillover effect to the broader economy.
PETALING JAYA: The stock market kicked off August on the wrong footing with strong selling, as investors took on a pessimistic front following a global surge in coronavirus (Covid-19) cases which led to various economic concerns
KUALA LUMPUR: Bursa Malaysia started August on a cautious note on Monday, in line with the mixed Asian markets as the Covid-19 coronavirus pandemic continues and amid US-China tensions.