KUALA LUMPUR (Oct 31): Based on corporate announcements and news flow today, companies that may be focus tomorrow (Nov 1) could include: AirAsia, AirAsia X, MAHB, Coastal Contracts, Kumpulan Perangsang Selangor, Ekovest, Sasbadi and Caring. The Malaysian Aviation Commission (MAVCOM) has revised the rates for passenger service charges (PSC) at Malaysian airports, effective Jan 1, 2017, which may impact the operations of AirAsia Bhd, its long-haul affiliate AirAsia X Bhd, and airports operator Malaysia Airports Holdings Bhd. Meanwhile, rates for international destinations, excluding Asean countries, will be raised to RM73 for KLIA and other airports, while PSC for klia2 will be RM50. Currently, the rates for KLIA, klia2 and other airports are RM65, RM32 and RM65 respectively. Revenue, meanwhile, grew 19.9% to RM110.94 million from RM92.55 million due mostly to higher sales generated from existing outlets.

Source: The Edge Markets October 31, 2016 15:59 UTC