Capital markets news | Tue 26 Mar 2024
Equity
- Prolintas Infra debuts flat at 95 sen Edge NST Star
- Foreign selling of Malaysian equities down 24% to RM313.8m Edge NST Mail Star
- Apex Securities sets target price 25 sen for SBH Marine Edge
- Total alternative fundraising avenues grew 27.8% to RM3.8b in 2023 NST
- Foreign holdings of equities below 20% for first time in 5 years NST
- 18 equity applications including seven IPOs approved by SC in 2023 NST
- Malaysia’s top 5 fund managers account for over half of total AUM NST
Debt
- Subdued activity in Malaysia’s digital asset market NST
- Central banks tightening cycle pause benefits Malaysian bond market NST
- Bursa Malaysia says no to cryptocurrency on multi-asset exchange NST
- Islamic capital market up 4.5% to RM2.43t at end-2023 Mail
- Total funds raised down 29% last year Star
- Sweden’s SBB to buy back debt at 60% discount Edge Star
- Bond markets resume rate cutting trades Star
Mergers and acquisitions
- LTAT has no plans to sell Boustead Plantation Edge
- Chin Teck Plantations may be up for privatisation Edge
- BPlant sells 1,200 acre land to Kulim Technology Park for RM400m Edge
- TotalEnergies and Mubadala front runners for SapuraOMV stake Edge
- SC cleared 10 offers of takeover and mergers worth RM5.53b in 2023 Star
Projects and business
- TCS bags RM140.27m buildings works projects in Selangor Edge Star
- 3 consortia shortlisted for KL-Singapore HSR project Edge
- Reservoir Link forms JV for solar PV project in Kedah Edge Star
- China’s DeepGlint teams up with Malaysia’s DeepCore on AI NST
- CATL working with Tesla on fast-charging cells Edge
- Xiaomi CEO teases price on upcoming car Edge
- DBS targets Asia’s mass affluent with digital financial planning Star
- Pilbara and Ganfeng agree to study for lithium plant Star
Economy and market news
- Penang Development Corp sets aside RM5b for 15 projects Edge
- Malaysian investment funds are resilient to liquidity shock Edge
- Malaysia’s inflation was 1.8% in Feb Mail Star
- 75% of Malaysia’s exports to EU affected by carbon border Star
- US announces USD6b to clean up heavy manufacturing Edge
- Japan sees more global interest in financial hub ambitions Edge
- Goldman says commodities to benefit as central banks cut rates Edge
- Vietnam proposes market upgrade for foreign institutional investors Star
- Singapore Feb core inflation accelerates to 7-month high of 3.6% Star
- India halts Russian oil shipments on Sovcomflot tankers Star
Legal and policies
- MDEC to introduce new tax incentive for Malaysia Digital status companies Edge
- Regulatory framework for family offices in this year’s budget Edge
- SC in talks with government to review fee structure Edge NST Mail Star
- SC probing firms offering cash trusts on possible law breaches Edge NST
- Malaysian banks set to implement Basel capital in Jan 2025 Star
- Apple, Google, Meta probed by EU in test of new digital law Edge
