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KLCI ends lower as glove makers stumble
KUALA LUMPUR: The FBM KLCI failed to hold on to its gains generated in early trade as market sentiment may remain cautious.
KLCI weighed down by gloves, banks
KUALA LUMPUR: The FBM KLCI fell into negative territory by the lunch break, dragged lower by glove and bank counters in the final week of the corporate earnings season.
AirAsia X assures recovery for lessors in new revamp plan
KUALA LUMPUR: Malaysian long-haul budget airline AirAsia X Bhd (AAX) has proposed a separate restructuring programme for its aircraft lessors that aims to tackle their concerns, citing chance to recover rental losses, a document seen by Reuters shows.
Vaccine buoys passenger recovery hope for MAHB
Covid-19 immunisation plan seen to help the stock
Trading ideas: Yong Tai, I-Bhd, MAHB, UMW, ARB
KUALA LUMPUR: Yong Tai, I-Bhd, Malaysia Airports (MAHB), UMW and ARB are among the stocks to watch on Tuesday following their corporate announcements, JF Apex Research says.
RHB upgrades MAHB to 'buy' on expected FY22 turnaround
KUALA LUMPUR: RHB Research has raised its FY22 earnings forecast on Malaysia Airports Holdings Bhd as it expects the end-February start of the National Covid-19 Immunisation Plan to signal the gradual improvement of air passenger volume.
MAHB passenger movement down 82.6%
KUALA LUMPUR: Passenger movements for Malaysia Airports Holdings Bhd’s (MAHB) network of airports contracted by 82.6% to 2.1 million in January 2021 from 11.89 million in the same month last year.
MAHB expects Covid-19 vaccine rollout to lift airport traffic
KUALA LUMPUR: Malaysia Airports Holdings Bhd sees a gradual recovery in domestic air travel over the next few months once daily Covid-19 cases are reduced, interstate travel restrictions are lifted and confidence of air travellers builds up with the increasing number of populations vaccinated.
No lift to aviation sector from Malaysia-Indonesia travel bubble
PETALING JAYA: The travel bubble between Malaysia and Indonesia would not have significant impact on the aviation sector as strict travel conditions may limit passenger traffic.
Summary of business news from Feb 1 to 7
EPF, Ant Group, Hong Leong Bank, Malaysia Airlines, gloves and Green Packet among top stories in week from Feb 1 to 7
