Trading ideas: AirAsia, auto stocks, Toyo Ventures, Kim Loong, Duopharma
, automotive companies, Toyo Ventures, Kim Loong, Duopharma Biotech, MISC, Minho and Artroniq (formerly known as Plastrade Technology) are among the stocks to watch on Wednesday, JF Apex Research says. AirAsia sold 32.67% of the 49% stake it holds in AirAsia (India) Ltd to Tata Group for US$37.66mil or RM152.58mil. The low-cost carrier group said the disposal will reduce cash burn in the short term and allow the company to concentrate on recovery of its key Asean markets in Malaysia, Thailand, Indonesia and the Philippines in the long run. Automotive counters such as UMW, Tan Chong, DRB-Hico...
Source: thestar.com.my