Stocks to watch: - Jetson, NSTP, Maybank, OilCorp

Stocks to watch on Friday include Kumpulan Jetson, New Straits Times Press (NSTP), Maybank and OilCorp.

The non-interested directors of KUMPULAN JETSON BHD [] (KJB) have advised shareholders to reject the conditional takeover offer by Superior Pavillion Sdn Bhd (SPSB) and Odyssey Wealth Sdn Bhd (OWSB) for the group's securities.

For more read, The Edge FinancialDaily.

However, the question now for the shareholders is whether they should take profit, based on their entry level, or should they await for a possible higher offer. Perhaps, the challenge for SPSB and Odyssey Wealth Sdn Bhd is how will they create more value for the company.

Media-related stocks could continue to be in focus, after NSTP hit a 26-month high following Macquarie Research upgrading the stock to outperform.

The research house had also said that MEDIA PRIMA BHD [] would be a key beneficiary of rising advertising spending (adex), while NSTP was expected to benefit from the shift in readership from English to Malay newspapers as advertisers increasingly take advantage of this trend.

Moody's Investors Service has revised the outlooks to stable from negative on Maybank's Bank Financial Strength Rating (BFSR), A1 long-term global local currency deposit (GLC) rating, and A3 foreign currency Tier 1 capital securities.

Maybank's P-1 local and foreign currency short-term deposit ratings, A3 foreign currency long-term deposit rating, and A3 foreign currency subordinated debt rating remain unaffected with stable outlooks.

The outlook change on Maybank's BFSR reflects the replenished state of its capital level, its improved NPL provision coverage and its dominant local franchise.
Stocks to watch: - Jetson, NSTP, Maybank, OilCorp