Which companies have political ties and how are their stocks performing?

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Companies with Political Ties and Their Stock Performance Post-Election

Following the unexpected election outcome in Malaysia, a number of companies with direct political ties experienced significant stock market fluctuations. These movements largely reflected market sentiment towards the new administration and its policy implications.
Companies Linked to the New Administration Saw Gains

Several companies associated with the new Pakatan Harapan coalition, led by Prime Minister Tun Dr Mahathir Mohamad, saw their stock values increase. Opcom Holdings Bhd., whose CEO Mokhzani Mahathir is the Prime Minister's son, rallied by 50 per cent. Additionally, Thriven Global Bhd more than doubled in value, and Eden Inc Bhd. surged by 88 per cent. These gains are notable given the broader market volatility.
Companies Tied to the Former Ruling Coalition Faced Declines

Conversely, companies with links to the former ruling Barisan Nasional coalition generally experienced stock price drops. CIMB Bank Bhd, chaired by Najib Razak's brother Datuk Seri Nazir Razak, slid as much as 13 per cent. Media companies such as Utusan Melayu (M) Bhd, Media Prima Bhd, and Star Media Group Bhd all slid in value. Furthermore, government service providers like My EG Services Bhd plunged 30 per cent, and Datasonic Group Bhd slid as much as 14 per cent.
Infrastructure and Government-Linked Companies Experienced Selloffs

Companies involved in infrastructure projects or those considered government-linked also saw their share prices fall. Gamuda Bhd, Malaysia's largest construction company, fell as much as 19 per cent following the new government's announcement to review projects by the previous administration. DRB-Hicom Bhd fell 7 per cent, and Destini Bhd tumbled as much as 38 per cent. KUB Malaysia Bhd dropped 29 per cent.
Aviation Sector Shares Showed Initial Weakness

The aviation sector was not immune to the market shifts. AirAsia Group Bhd fell as much as 13 per cent, though it later narrowed its losses to 5.1 per cent. This initial decline was reportedly linked to the founder's public support for the previous administration.

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Which companies have political ties and how are their stocks performing?

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