Capital markets news | Mon 27 May 2024
Equity
- Johor Plantations signs up 4 underwriters for 3Q IPO Edge NST Star
- EPF’s external fund managers hit record total income in 2023 Edge Mail NST
- Revitalising the LEAP Market Edge
- Angel investors look out for integrity and knowledge Edge
- Malaysian startups ecosystem needs success stories Edge
- Startups should be selective with investors Edge
- Bursa launches API gateway for CDS account management Edge NST
- Musk’s xAI close to deal valuing startup at USD24b Edge
- SpaceX considers selling shares at USD200b valuation Edge
- Saudi Aramco share sale as soon as Jun Edge
- Australian pension with USD57b makes private equity push Edge
- Investors rush to grab piece of USD1.8t UK pensions pie Star
- Starwood’s USD10b REIT turns to survival mode as pain lingers Star
Debt
- AMMB Group AA2 and P1 ratings affirmed RAM
- Tune Protect’s A2 and P1 ratings affirmed RAM
- Islamic finance in need of more players Edge
- Alibaba’s USD4.5b 7-year convertible bonds oversubscribed Edge
- US SEC approves exchange applications to list spot ether ETFs Edge NST
- Bill Gross expects Trump win to disrupt bond markets Edge
- London Exchange loses half of ETF team ahead of crypto launch Edge
- Builder Vanke securitises some private debt to delay payments Edge
- Bets on risky CLOs are paying off with 20% gains Star
Projects and business
- Malakoff targets 15% biomass co-firing in Tanjung Bin by 2027 Edge Mail
- TRC bags RM142m subcontract for state legislative building Edge NST Star
- Favelle Favco to build 2 warehouses in Australia for AUD40m Edge
- Gamuda wins RM1.74b data centre contract from Sime Darby Edge NST Star
- Etiqa achieved zero insurance for new coal power plants in 2023 Edge
- Scientex buys Penang land for RM462.5m for future development Edge Star
- Silver Ridge gets RM169m contract for Melaka cruise terminal Edge NST Star
- Taiwan’s Siliconware breaks ground for RM6b facility in Penang Edge Mail NST
- EcoNiLi launches RM50m battery recycling plant in Perak Mail
- Aneka Jaringan bags RM22.5m subcontract from IJM NST Star
- Trafigura faces off with aluminium bulls over huge metal stash Edge Star
Economy and market news
- Malaysia 1Q economy grows faster than expected Star
- Headline inflation remains benign at 1.8% in Apr Star
- Govt targets 40% of primary energy mix from RE by 2035 Edge
- MIDF revises Malaysia’s 2024 inflation rate forecast down to 2.7% Mail
- Malaysia to meet increasing demands in semiconductor market Star
- Sarawak targets 10GW capacity by 2030, primarily green energy Star
- Energy-intensive companies in Sarawak to pay 1.5% SST Star
- US orders for business equipment bounces back, up 0.7% Edge
- US not past worry point for inflation NST
- Japan inflation slows to 2.2% in Apr Mail NST
- Japan yields at 12-year high aren’t a major issue Star
- Global minimum tax deal on multinationals set to fail Edge Mail NST
- Australia’s biggest coal plant to delay closure Star
Legal and policies
- JPMorgan to pay USD100m for failure to monitor client orders Edge
- US extends probe into Applied Materials over shipments to China Edge
- USTR extends some Chinese tariff exclusions, but many to fall away Mail
- France wants G7 to avoid trade war with China Mail Star
- Thailand to give market watchdog power to probe fraud Edge
