Capital markets news | Fri 12 Jul 2024
Equity
- Electrical services firm CBH Engineering files for ACE Market IPO Edge NST Star
- Sabah steel manufacturer Colform files for ACE Market IPO Edge NST Star
- BWYS’ IPO oversubscribed 49 times Edge Star
- JP Morgan raises KLCI target base case to 1,650 Edge Star
- BM Greentech proposes 1-for-4 bonus issue of warrants Edge
- Lights out for Scomi Energy after 31 Jul NST
- Hedge funds turn to South Korea for next wave in AI Edge
- Tencent-backed game maker Shift Up gains 33% in South Korea debut Edge
- UK overhauls listing rules to lure more IPOs to London Edge
Debt
- Frasers Hospitality Trust notes Series 2024-A assigned final ratings RAM
- Pelaburan Hartanah’s sukuk programmes assigned AAA, P1 ratings RAM
- BNM keeps OPR at 3% as widely expected Edge Mail Star
- Sustainable sukuk poised for further growth Edge
- Singapore’s Keppel buys Tokyo data centre for USD145m Star
- Saudi Aramco’s USD6b bonds oversubscribed 5 times Star
- Turkiye to issue benchmark size 8-year US dollar bonds Star
Mergers and acquisitions
- Pesona Metro buys 51% of property developer for diversification Edge
- Asia Poly buys 50% of IT engineering firm Darwell Edge Star
- Shin Yang buys Ling family’s East Malaysia car business for RM144.5m Edge Star
- Hektar REIT completes KYSM acquisition Star
- BMG Greentech buys Plus Xnergy for RM110m Star
- Grab’s purchase of Trans-cab could reduce competition Edge NST
- Cheap valuations make UK the hotbed for Europe M&A Edge
- Alphabet aborts HubSpot acquisition Star
Projects and business
- Keyfield delivers vessel to Helms Geomarine on 3+2 year charter Edge Star
- Port Klang ready to handle backlog diverted from Singapore Edge
- Transport Ministry has presented KL-SG HSR proposals to PM NST
- Hextar bags RM97m UMK student hostel supply contract NST Star
- Subang Airport jet operations to start in Aug with 5 airlines NST
- G3 wins 30-year migrant worker dorm concession in Maldives Edge Star
- Aneka Jaringan bags RM53m sub-contract in Selangor Edge NST Star
- Shell Malaysia unveils world’s 1st synthetic wax NST
- KLK expands oleochemicals processing capacity in China Edge
- US govt to award USD1.1b to Stellantis, GM for EV production Edge
- Microsoft agrees to buy 500k tonnes of carbon credits from Occidental Star
- Canada’s Strathcona plans USD1.5b oil-sands carbon capture Star
Economy and market news
- Sustained business optimism in 2Q 2024 RAM
- Overwhelming interest in J-S SEZ among Singapore businesses Edge
- SC seeks fintech startups for Fikra Ace accelerator programme Edge NST Star
- Healthcare to contribute USD4.19b to Malaysia’s economy Mail
- Malaysia’s wholesale, retail trade up 7.1% to RM147.9b in May Mail Star
- GenAI could unlock USD113.4b productive capacity NST
- Southeast Asian retailers increase social commerce investments Edge
- China is building 2/3 of new wind and solar globally Edge Mail NST
- China in green steel shift as EU levies loom Star
- Japan’s core machinery orders down 3.2%, 2nd straight month Star
- India’s palm oil imports at 6-month peak Edge
- Australia weighs nuclear power pivot Star
- US consumer prices unexpectedly fall in Jun Star
- UK economy grew 0.4% in May, more than expected Star
