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

  • MH192’s number three main wheel burst during take off, says Hishammuddin – Bernama
    MH192’s number three main wheel burst during take off, says Hishammuddin – Bernama

    Preliminary investigation findings on the Malaysia Airlines (MAS) flight MH192 incident has revealed that the number three main wheel of the aircraft had burst during take off. Acting Transport Minister Datuk Seri Hishammuddin Hussein (pic) said the aircraft was currently grounded at the MAS Engineering facility in Kuala Lumpur International... …

  • Bible banned from Pahang hotel rooms – Bernama

    The Pahang Islamic and Malay Customs Council (MAIP) has prohibited hotel proprietors in the state from placing religious reading materials of other religions other than Islam in their rooms. According to MAIP deputy president, Datuk Seri Wan Abdul Wahid Wan Hassan, a letter of prohibition on the matter had been sent to 147 hotels across the... …

  • Pre-lim report to ICAO not public, yet

    Malaysia has yet to decide on whether the preliminary report on the MH370 incident submitted to the International Civil Aviation Organisation (ICAO) will be made public.   "We have issued the preliminary report. We've sent it to ICAO but we have not made a decision to release to media or the public," Department of Civil Aviation Chief Azharuddin Abdul Rahman said during a press conference in Kuala Lumpur.   Asked again on why it will not be released to public, although it is common practice, …

  • Take second job to tackle household debt, urges AKPK – Bernama
    Take second job to tackle household debt, urges AKPK – Bernama

    The Credit Counseling and Debt Management Agency (AKPK) has urged Malaysians to take a second job to help them tackle the high rate of household debt. Chief executive officer Koid Swee Lian (pic) said those in the teaching line, for example, could give extra classes to earn more money. "Teachers could earn more money by giving tuition to... …

  • International team probing MH370 to be finalised next week, Hishammuddin says
    International team probing MH370 to be finalised next week, Hishammuddin says

    KUALA LUMPUR, April 23 — Malaysia expects to finalise by next week the list of members on the independent team of experts commissioned by Putrajaya to carry out an extensive probe on the... …

  • Absolute power corrupts absolutely, Dr Mahathir reminds current leaders
    Absolute power corrupts absolutely, Dr Mahathir reminds current leaders

    Malaysian leaders have been reminded not to look down on the public’s capability to topple a corrupt government as what had happened in the Middle East during the Arab spring, warned Tun Dr Mahathir Mohamad (pic). In his latest blog posting today, the country’s longest serving prime minister said that monarchs and dictators in the Middle East... …

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.

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  • MH370 passenger’s partner tells of strange email from sacked Fox officer The Malaysian Insider
    MH370 passenger’s partner tells of strange email from sacked Fox officer

    The partner of an American passenger aboard the missing Malaysia Airlines flight MH370 has spoken about how a Fox executive who was recently sacked by the news station had contacted her offering to raise funds on her behalf. Sarah Bajc, whose partner Philip Wood is among the 239 people on board the missing plane, told the Sydney Morning Herald... …

  • Dr Ling’s son chose wine over woman, court hears The Malaysian Insider
    Dr Ling’s son chose wine over woman, court hears

    The son of former MCA president Tun Dr Ling Liong Sik today reached an out of court settlement with his ex-girlfriend in a breach of contract suit over seven properties registered under their joint names. Ling Hee Leong and businesswoman Teh Chee Yen agreed to settle out of court after he took the stand briefly and testified that he had chosen... …

  • MB: Only 29 days of water left in Selangor Malaysiakini

    Although heavy rain led to flash floods in parts of the Klang Valley yesterday, the Selangor government has said that taps will run completely dry in 29 days if rationing is not continued. "For now, we must continue with rationing as the level at the main dam, the Sungai Selangor dam, is below the critical level and can only last 29 days if rationing is not conducted," Menteri Besar Abdul Khalid Ibrahim said in a statement.   "We really hope the rakyat understands this situation and supports …