Trading ideas: UEM Sunrise, AME Elite, XOX, AirAsia, AirAsia X

TheStar Mon, Oct 12, 2020 09:06am - 3 years View Original


KUALA LUMPUR: UEM Sunrise, AME Elite, XOX, AirAsia and AirAsia X are among the stocks to watch on Monday, says JF Apex Research.

In its research note, it pointed out UEM Sunrise is selling 169.8 acres of land in Johor to AME Elite Consortium for RM434.3mil.

After market close, UEM Sunrise managing director Anwar Syarin Abdul Ajib, who is also the chief executive officer, tendered his resignation after leading the group for six years.

Coincidently, his resignation is at the time when UEM Sunrise’s board is expected to deliberate the proposal made by its controlling shareholder, UEM Group Bhd, to merge with Eco World Development Bhd.

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