Trading ideas: AAX, Gamuda, ACO Group, Inari and MyEG

TheStar Wed, Oct 20, 2021 08:54am - 2 years View Original


KUALA LUMPUR: AirAsia X, Gamuda, ACO Group, Inari Amertron and MyEG Services are among the stocks to watch on Wednesday after their corporate news, JF Apex Research said.

AAX is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure RM33.65bil (US$8.1bil) of liabilities based on a news report.

JF Apex Research also noted that Gamuda’s wholly-owned sub-subsidiary in Vietnam, Gamuda Land HCMC Joint Stock Company, has acquired 5.6 hectares of land in Binh Duong New City, Vietnam for US$53.88mil.

ACO Group is teaming up with electric vehicle (EV) charging specialist EV Connection Sdn Bhd to install a direct current fast-charging station at ACO Group’s new headquarters in Johor Baru, as part of its initiatives to tap into the green technology sector.

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Related Stocks

AAX 1.330
ACO 0.230
APEX 1.020
BNASTRA 1.710
CAPITALA 0.710
GAMUDA 5.270
INARI 3.230
MYEG 0.790
STRAITS 0.125
TENAGA 11.380

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