Closing at RM1.20 last Wednesday, AirAsia’s share price has slumped nearly 50 sen or 30% year to date. The most bearish target price was RM1, below consensus of RM1.46, with 10 “sell”, 10 “hold” and two “buy” calls at the time of writing. Closing at RM2.17 last Wednesday, CMS’ share price had eased 10 sen or 4.4% year to date. The share price of Sabah-based oil palm planter TSH Resources Bhd was down 9.09% year to date, following its close at RM1.40 last Wednesday. Tunas Lestari had pared its holding to 5.166% or 71.3 million shares after selling 14.2 million shares on Dec 23 last year.

Source: The Edge Markets February 25, 2020 06:00 UTC