EcoWorld merger plan favours UEM Sunrise, says Kenanga

KUALA LUMPUR (Oct 6): The proposed merger between Eco World Development Group Bhd (EcoWorld) and UEM Sunrise Bhd favours the latter, according to Kenanga Investment Bank Bhd, given that EcoWorld’s key shareholders would lose their majority rights, listing status and potentially their brand.

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UOA Development to have weaker 2Q — Kenanga Research

KUALA LUMPUR (June 30): While UOA Development Bhd's first quarter ended March 31, 2020 (1QFY20) came in within expectations, Kenanga Research is of the view that developer will have a weaker 2QFY20 as it has to contend with the fallout of the Movement Control Order (MCO).

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