Stock Market & Investment News

KUALA LUMPUR: AirAsia X Bhd (AAX) has signed a partnership deal with French logistics firm Geodis, aiming to develop cargo capacity and generate revenue while passenger flights remain grounded due to coronavirus travel curbs, the airline said in a statement on Wednesday. Read full story

KUALA LUMPUR: Bursa Malaysia ended higher on Wednesday on bargain-hunting following yesterday’s sell-off. Read full story

KUALA LUMPUR: AWC Bhd has secured a contract worth RM7.12mil from Keretapi Tanah Melayu Bhd (KTMB) to upgrade and replace the new cushion pad passenger seat. Read full story

KUALA LUMPUR: Hong Seng Consolidated Bhd has proposed to acquire a 100% stake in Premiumway Development Sdn Bhd (PDSB) for RM1.09mil. Read full story

KUALA LUMPUR: IGB Real Estate Investment Trust’s (REIT) net profit rose to RM73.59 million in the fourth quarter (Q4) ended Dec 31, 2021, compared with RM72.1 million in the same quarter of the preceding year. Read full story

KUALA LUMPUR: RHB Bank Bhd’s group managing director/group chief executive officer Datuk Khairussaleh Ramli has tendered his resignation effective March 25, 2022. Read full story