Trading ideas: UEM Sunrise, Straits Inter Logistics, Perisai, Eco World Development
KUALA LUMPUR: JF Apex Research expects UEM Sunrise Bhd , Straits Inter Logistics Bhd , Perisai Petroleum Teknologi Bhd and Eco World Development Group Bhd to be among the stocks to watch on Monday.
UEM Sunrise is to downsize its Desaru, Johor, residential and beach development to 228 acres, from 680 acres in order to conserve cash and limit exposure.
Straits Inter Logistics’s unit is to acquire a 14-year-old oil tanker for US$4.7mil (RM19.56mil).
Perisai Petroleum’s 51%-owned unit Perisai Offshore Sdn Bhd won a US$20mil (RM83.87mil) deal from Petronas Carigali Sdn Bhd.
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