KUALA LUMPUR: Stocks to watch on Monday include UEM Sunrise Bhd, Eco World Development Group Bhd, Gagasan Nadi Cergas Bhd, Pelangi Publishing Group Bhd, Sunsuria Bhd and Icon Offshore Bhd, according to JF Apex Research.
UEM Sunrise and Eco World Development will be engaged in merger talk to create the largest property company in the country that will be controlled by Khazanah Nasional Bhd.
Construction companies having business exposures in Middle East are under investors’ radar after Burj Khalifa builder Arabtec Holding to close down and file for liquidation.
Earlier, few UAE companies have sought to extend debt maturities or reach agreements with their creditors in an out-of-court process amid sluggish crude oil prices and real estate crisis.
Pelangi Publishing’s executive chairman and managing director Datuk Sum Kown Cheek, wife Datin Lai See Chiung, Sum’s brother Datuk Sam Yuen and spouse are seeking to take