Capital markets news | Fri 3 May 2024
Equity
- Feytech’s Main Market IPO to raise over RM201m Edge Star
- M&A Securities underwrites Agricore’s ACE Market IPO Edge Star
- Smart Asia Chemical takes orders for ACE Market IPO Edge Star
- Apex Securities values ACE Market-bound Farm Price at 42 sen Edge
- Public values Farm Price at 30 sen NST
- France wants TotalEnergies to maintain Paris main listing Edge
- Credit Suisse face USD36m fine over South Korea short-selling Edge
- Segantii, founder charged with insider dealing in Hong Kong Edge
- Bank of America warns about options-ETF as day traders plunge in Edge
- Actively managed ESG funds bleed client cash Star
- Vidio to double subscribers ahead of IPO Star
- Luxury cruise operator Viking IPO raises USD1.54b Star
Debt
- Kuala Lumpur Kepong’s credit and sustainability ratings intact RAM
- Solar Management’s AA3 rating affirmed RAM
- Rating watch for Telekosang Hydro One lifted, ratings affirmed RAM
- Luno launches 2 new digital assets Edge NST
- Strong loan growth to buoy Malaysian banking sector Star
- CIMB Niaga looks to adopt stricter loan pricing discipline Star
- Yinson gets USD1.3b term loan for Agogo FPSO Edge NST Star
- Bill Gross’ total return strategy is dead Edge
- Wells Fargo, RBC meet Texas AG on O&G boycott Star
- Sunnova Energy huddles with adviser on balance sheet Star
- South Korean developer Taeyoung gets creditor support Star
Projects and business
- BHIC wins RM43m contract for navy submarine in-service support Edge Mail Star
- JAKS partners CALB for Southeast Asia battery energy storage systems Edge
- Pasukhas gets RM57m Selangor data centre contract from US company Edge Star
- ExecuJet opens largest business aviation MRO centre in Malaysia Edge NST
- Microsoft to invest USD2.2b in Malaysia over next 4 years Edge Mail Star
- TikTok Shop invests USD400m to protect IP rights and user safety Edge
- Nvidia supplier SK Hynix says HBM chips almost sold out for 2025 Edge
- Barclays cuts a few hundred investment bank underperformers Edge
- Microsoft makes renewable energy deal with Canada’s Brookfield Mail
- Unilever holders back ESG rowback due to protests Star
- Lockheed-Boeing venture told to up satellite launches Star
Economy and market news
- Short-term interbank rates end stable on BNM operations Mail
- PMI shows continued downtrend among Malaysian manufacturers Mail NST Star
- Malaysian OSV providers to see higher rates in FY2025 NST
- Malaysia’s air passenger traffic up 16% to 22.6m in 1Q NST
- US weekly jobless claims unchanged, layoffs decline in Apr Edge
- OECD lifts 2024 growth forecasts, driven by US Mail
- Yen jump sparks talk of 2nd intervention Mail Star
- South Korea’s inflation slows more than expected in Apr Star
- Taiwan’s PMI up to 50.2 in Apr, 1st time in 2 years Star
- Vietnam’s foreign investment disbursement hits record high Star
- Hong Kong central bank keeps key rate unchanged Star
- New Zealand’s 1Q jobless figure hits 3-year high Star
Legal and policies
- Ageson’s independent review of audit issues in final stages Edge
- Annum fails to issue annual report, hit with Bursa show-cause notice Edge
- Sarawak Cable gets another time extension to submit PN17 exit plan Edge
- Epicon, formerly Konsortium Transnasional, exits PN17 status Edge
- Capital A formulating regularisation plan to address PN17 status Mail Star
- Ex-SocGen trader was fired after bank failed to detect bets Edge
- Uber hit with GBP250m suit from London’s black cab drivers Edge
- US bars Huawei, Chinese telecoms from certifying wireless equipment Edge
- Canadian bank takes USD450m hit in money-laundering probe Star
