Bank Islam is BIMB
PETALING JAYA: Shares in BIMB Holdings Bhd
declined, leading losses among banking stocks on fresh worries about financial firms’ exposure to troubled oil and gas (O&G) companies with debt problems.
A market observer said the recent missed payments by Perisai Petroleum Teknologi Bhd and Alam Maritim Resources Bhd may have sparked fears that Practice Note 17 company TH Heavy Engineering Bhd (THHE) could soon follow suit.
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