#Stocks to Watch* XOX, Naim, Tradewinds, Tradewinds Plantations, Bernas

  • SPAD suspends permits of 27 Transnasional express buses – Bernama
    SPAD suspends permits of 27 Transnasional express buses – Bernama

    The Land Public Transport Commission (SPAD) is suspending the permits of 27 Transnasional express buses plying the East-North Sector effective Wednesday following accidents involving buses of the company. SPAD chief executive officer Mohd Nur Ismal Mohamed Kamal in a statement today said the decision was taken after audits found the company... …

  • High Court upholds conviction, sentence of police sergeants – Bernama

    The Kuala Lumpur High Court today dismissed the appeal by two police sergeants to overturn their conviction for assaulting two detainees six years ago.  Judge Amelia Tee Hong Geok Abdullah also upheld the four-year jail sentence meted out on Sergeants Mohd Shafiee Abdul Halim, 51, and Mohd Diah Sulaiman, 51, from the Brickfields police... …

  • Meeting Obama would have been helpful, says Anwar
    Meeting Obama would have been helpful, says Anwar

    Opposition leader Datuk Seri Anwar Ibrahim (pic) said today a meeting with US President Barack Obama during a coming visit to Malaysia would have been "consistent with US democratic ideals", after Washington said there would be no such encounter. But Anwar, who was convicted of sodomy in March and whose opposition is engaged in a fierce... …

  • Families of MH370 passengers reject ‘high-level’ meeting, want technical experts – Bernama
    Families of MH370 passengers reject ‘high-level’ meeting, want technical experts – Bernama

    A high-level delegation, comprising government representatives and Malaysia Airlines management officials, is expected to arrive in Beijing to meet with the next of kin of passengers onboard the missing flight MH370, within the next 24 to 48 hours. "The team will meet the families face-to-face to discuss their plan to move forward on this... …

  • EC to hold meeting on Bukit Gelugor seat – Bernama
    EC to hold meeting on Bukit Gelugor seat – Bernama

    The Election Commission (EC) will hold a special meeting to discuss the Bukit Gelugor parliamentary seat in Penang this Thursday.     EC secretary Datuk Abdul Ghani Salleh said it received notification from the Speaker of Dewan Rakyat at 11am today on the vacant Bukit Gelugor seat following the death of its MP, Karpal Singh (pic).     The... …

  • Transfer not voluntary, Albukhary university gave us ultimatum, says student
    Transfer not voluntary, Albukhary university gave us ultimatum, says student

    The pending closure of Malaysian tycoon Tan Sri Syed Mokhtar Albukhary's full-scholarship university in Kedah has taken on another twist with a student refuting the university's claim that the transfer of students to other institutions was on a "voluntary" basis. He said the Albukhary International University (AIU) had not given students much... …

KUALA LUMPUR (Dec 24): The FBM KLCI could extend its gains on Boxing Day on Wednesday, on the back of some year-end window dressing activities that saw the local index test the all-time high of 1,675 on Monday.

World stock, commodity and currency markets were steady on Monday, as the holiday lull set in across markets and offset tensions over the US budget dispute, according to Reuters.

With only UK, French, Dutch and Spanish stock markets open in Europe and trading shortened ahead of Christmas celebrations, the FTSEurofirst300 opened almost flat at 1138.35 points to leave the MSCI index of global stocks virtually unchanged at 339.87, it said.

With limited corporate announcements lately, the stocks that could be in focus on Wednesday and later this week are XOX Bhd; Naim Holdings Bhd; and tycoon Tan Sri Syed Mokhtar Al-Bukhary-owned Tradewinds (M) Bhd, Tradewinds Plantations Bhd and Padiberas Nasional Bhd (Bernas), which will resume trading on Wednesday after having requested for a trading halt last Friday.

Mobile virtual network operator (MVNO) XOX was issued an unusual market activity (UMA) query by Bursa Securities on Monday, on the sharp rise in price and volume of the company's shares recently.

In this respect, the company is requested to make an announcement for public release after making enquiry with its directors and major shareholders seeking the cause of the unusual market activity in its shares.

In an exclusive interview with theedgemalaysia.com last Thursday, chief executive officer Ng Kok Heng denied a local newspaper report of XOX's takeover by local tycoon Syed Mokhtar.

RAM Ratings has reaffirmed the respective AA3 and P1 ratings of Naim's RM500 million Islamic medium-term notes programme and RM100 million Islamic commercial papers programme.

In a statement Monday, the credit rating agency said that the outlook on the long-term rating is maintained at negative.

"Naim's current businesses are still largely based in Sarawak, exposing it to geographical concentration risk. As such, any upside potential from its two main divisions is limited by the performance of the state's property and construction markets," said RAM in the statement.

Syed Mokhtar has offered minority shareholders RM9.30 for every share in Tradewinds he does not already own, while offering RM4.03 and RM3.25 per share each in Tradewinds Plantations and Bernas respectively.

In a notice to shareholders on Bursa Malaysia on Monday, his privately-owned vehicles Perspective Land Sdn Bhd, Kelana Ventures Sdn Bhd, Seaport Terminal (Johor) Sdn Bhd and Acara Kreatif Sdn Bhd (joint offerors) offered a conditional take-over to acquire all the remaining shares in Tradewinds not already owned by the joint offerors at RM9.30 per share.

Follow @YahooMalaysia on LINE for daily news updates.

Comments on Yahoo pages are subject to our link to Comments Guidelines. You are responsible for any content that you post. Yahoo is not responsible or liable in any way for comments posted by its users. Yahoo does not in any way endorse or support comments made by its users.

  • Education Backgrounds OF Those Who Have Been Devising The Education Policies Of Malaysia Easyuni.com
    Education Backgrounds OF Those Who Have Been Devising The Education Policies Of Malaysia

    Malaysia gained its independence in the year 1957 and since its early days laid stress on improving the quality of education at all levels. Throughout its five year plans, education has been an important development objective. Right in the first development plan itself the direct relationship between the rate of economic and social advancement on […] …

  • In funeral procession, thousands chant ‘Karpal Singh! Karpal Singh! Karpal Singh’ (VIDEO) The Malay Mail Online
    In funeral procession, thousands chant ‘Karpal Singh! Karpal Singh! Karpal Singh’ (VIDEO)

    GEORGE TOWN, April 20 — The streets of Penang’s historical city centre roared with the voices of thousands calling out the name of their state’s beloved son — Karpal Singh.  Elbows jostled with... …

  • Raja Bomoh spouting mumbo-jumbo again The Malaysian Insider
    Raja Bomoh spouting mumbo-jumbo again

    Bomoh (shaman) Ibrahim Mat Zin (pic, third left) is in the headlines for the wrong reasons again, this time for conducting a cleansing ritual along KM306.1 of the North-South Expressway. The area has been in the spotlight since last Thursday after Bukit Gelugor MP Karpal Singh died when his Toyota Alphard was involved in a collision with a... …