Capital markets news | Mon 29 Jul 2024
Equity and property markets
- Kucingko shares more than double in ACE Market debut Edge NST Star
- 99 Speed Mart inks underwriting deal, seeks 3Q listing Edge NST Star
- MGRC plans RM4.98m private placement Edge
- ViTrox founders, Southern Capital launch RM150m Cambrian Fund Edge Star
- No short selling of Cape EMS after share price hit lowest NST
- Temasek-backed EvolutionX shifts fund focus to India from China Edge
- World-lagging Thai stocks force investors into regional rivals Edge Mail
- China weighs tenfold fee increase on high-frequency traders Edge
- Korea’s plan to cut inheritance tax will help stocks Edge
- JPMorgan gives staff AI-powered research analyst chatbot Edge
Debt and money markets
- Exsim’s Tranche 2 sukuk upgraded to AAA RAM
- Sukuk issuance to slow in 3Q before picking up pace in 4Q Star
- HSBC, StanChart, Singapore banks face low loan growth Edge
- Can Hong Kong make stablecoins safer? Star
- China’s big banks cut deposit rates to strengthen sector stability Star
- Deutsche Bank’s US commercial property loans drag profits Edge
Mergers and acquisitions
- Sarawak expects to sign Affin Bank deal in a month Edge
- Ekovest agrees to 6-month extension for Knusford merger Edge
- AirAsia X takes over Capital A’s aviation business without NewCo Edge
- Apollo buys IGT’s gaming, Everi in USD6.3b deal Edge
- Ray-Ban maker EssilorLuxottica says Meta interested in stake Edge
Projects and business
- Petronas, partners reach FID for RM6b Pengerang biorefinery Edge NST Star
- Petronas given 3 months to finalise Sarawak gas distribution Edge Mail NST
- Petronas awards 3 PSCs for discovered clusters Edge NST
- Hibiscus awarded 65% interest in PSC by Petronas Edge NST Star
- DNeX gets PSC rights for 3 fields from Petronas NST Star
- Petros invites MNCs to bid for CCUS projects Star
- Proton begins RM253m expansion in Tanjung Malim Edge Mail NST Star
- Cyberview signs 3 MOUs to make Cyberjaya global tech hub Edge NST Star
- Penang Port acquires Kalmar container handling equipment Edge NST
- Kitacon bags RM54.5m job to build houses in Rawang Edge NST Star
- Plexus to invest RM1b in Malaysia over next 3 years Edge
- Southern Acids to spend RM43.8m in FY2025 on planting, equipment Edge
- DXN allocates RM125mil for capex to boost manufacturing capacity Star
- Datasonic gets RM30m Indonesian smart card supply contract Edge NST
- World Peace, MTIEL ink deal for energy, halal food hubs Mail
- Samsung teases 9-minute charging, 20-year EV battery Edge
- Toyota to build EV battery plant for Lexus cars Edge
- Amkor wins USD600m in US grants, loans for chip packaging Edge
Economy and market news
- MSMEs’ contribution up 5% in 2023, 39% of GDP Star
- Digital Penang, Thailand in cross-border startup collaboration Edge
- Singapore central bank keeps policy unchanged Edge Star
- Thailand offers investment incentives for hybrid vehicle makers Edge
- Thailand’s auto production down 20% in Jun as domestic sales slow Mail
- Indonesia launches industrial park to lure investors away from China Mail
- China defends manufacturing push, says world needs more EVs Edge
- China to resort to consumer stimulus Star
- US CEOs get warm welcome in China, but unsure if they are wanted Edge
- Taiwan shuts 2nd-to-last nuclear plant in controversial shift Edge
- Fed may be 2 meetings away from policy mistake Star
- Hungary will face fuel shortages from Sep without Lukoil supplies Edge
Legal and policies
- Possible carbon tax for steel and iron sectors Star
- Alam Maritim submits regularisation plan to exit PN17 Edge
- Apex court rules 2019 housing decision is applicable prospectively Edge
- Companies paralyzed as Australia prepares tough climate rules Edge
- US DOJ asks court to reject TikTok challenge to crackdown law Edge
- US charges Citron’s Andrew Left over fraud Edge
- WTO members signal progress on draft e-commerce deal Edge
- G20 agrees to tackle taxation of the super-rich Edge Mail NST
- Keep global tax negotiations at OECD, not UN Edge
