Based on corporate announcements and news flow on Thursday (Jan 13), companies that will be in focus on Friday (Jan 14) may include AirAsia Group Bhd, Jerasia Capital Bhd, Asia Poly Holdings Bhd, Scomi Group Bhd, Pestech International Bhd, Boustead Holdings Bhd, Pegasus Heights Bhd, Heng Huat Resources Group Bhd, and Tomei Consolidated Bhd.
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Malaysia’s Budget 2022 brings a ray of hope for Bursa-listed companies that were affected by the Covid-19 pandemic as viable candidates may receive financial support from the government in the form of equity injection. Finance Minister Tengku Datuk Seri Zafrul Aziz said in his 2022 Budget speech last Friday that a government-owned special purpose vehicle (SPV) will be set up to support companies through equity injection or other related instruments.
AirAsia Group Bhd has partnered with more than 20 airlines as it builds up its Super App into an online travel agency that also sells flights by competitors, the Malaysian budget airline said on Thursday.