Capital markets news | Tue 7 May 2024
Equity
- Sin-Kung ACE Market IPO oversubscribed 26.5 times Edge Mail Star
- Niche plans RM18.7m private placement to fund mining business Edge
- Newly-launched Kenanga Trustees offers wealth planning solutions Edge
- Foreign buying of local equities surged to RM1.06b last week Edge NST Mail Star
- EPF is QL Resources major shareholder Star
- Agape ATP buoyed by Nasdaq listing NST
- JPMorgan sees USD8b gain from Visa exchange offer Edge
- Hedge funds’ options bets allow green investors to predict returns Edge Star
- Samsung fund invests in US gene therapy firm Star
Debt
- China Vanke says it has the money to pay upcoming bonds due Edge
Mergers and acquisitions
- Ho Hup’s Flex project suspended as Exsim buys land for RM110m Edge Mail Star
- Shell in talks to sell Malaysian fuel stations to Saudi Aramco Edge Star
- Sunzen to buy 70% of Eye Nation Medical Star
- Disney and Comcast seek adviser to resolve Hulu valuation Edge
- Sabadell’s board meets to consider BBVA’s USD13b offer Edge
- Atos gets buyout offers from Kretinsky, OnePoint Edge Mail Star
- EU clears Nippon buyout of US Steel opposed by Biden Mail
Projects and business
- Favelle Favco wins 4 contracts worth RM39.2m Edge Star
- KKB Engineering secures contracts worth RM37.9m Edge NST Star
- Proton’s sales up 17.1% to 11,025 units in Apr Edge NST Mail Star
- SPB’s crude palm oil production recovery on track Star
- Airbus to strengthen partnerships and invest more in Malaysia NST Mail
- Volvo Cars Apr sales rise on strong EV demand Mail
- CICC demotes staff, cuts pay to slash costs Star
- United, American agree on USD8.5b Chicago airport revamp Star
Economy and market news
- Malaysia to undertake new cocoa plantation, farm recovery projects NST Mail
- Johor now the largest data centre market in Malaysia NST
- 2 in 5 Malaysians might quit if required to work more in office NST
- Mid-market auto consumers most affected by subsidy rationalisation NST
- Banking sector’s 5.4% loan growth in line with 2024 expectation Mail Star
- Indonesia’s 5.11% 1Q growth boosted by election, holiday spending Mail Star
- Red Sea disruption cuts 2Q capacity by 15-20% Edge NST Mail Star
- EU ready to protect economy, bloc chief tells China Mail
- Euro zone PMI up to 51.7, highest since May 2023 Mail
- Europe’s auto suppliers reach the end of the road Mail
- Bulgaria in losing battle against EU Green Deal Star
- Eurozone chief points to inflation returning to its target range Star
- Australia’s RBA to maintain key rate to restrain price pressures Star
- China’s services PMI down from 52.7 in Mar to 52.5 in Apr Star
- Singapore banks say remittances to China are surging Star
- Fed’s Williams says 2% inflation target critical Star
- The role of central banks in a cashless world Star
Legal and policies
- Court of appeal reverses acquittal for insider trading Edge NST Star
- TF Value-Mart sues GCH Retail to force Giant Batu Caves vacated Edge NST
- Steward Health files Chapter 11 as it seeks landlord funding Edge
- Qantas agrees to USD66m penalty in flight cancellation case Edge NST Mail
- Trump Media’s accounting firm accused of fraud Star
