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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
