Capital markets news | Fri 23 Aug 2024
Equity and property markets
- Elridge Energy ends debut on ACE Market with 38% gain Edge Star
- Specialty chemicals firm Sumisaujana files for ACE Market IPO Edge
- TA values Main Market-bound 99 Speed Mart at RM1.71 Star
- WeRide’s US IPO delayed as deadline nears Edge
- India’s DMI Finance to raise funds from MUFG at USD3b valuation Edge
- BP investors spurn green shift Edge
- Investments surge for EU defence startups amid Trump return fears Mail
Debt and money markets
- reNIKOLA Solar II’s ASEAN Green SRI sukuk AA2 rating affirmed RAM
- HSBC Malaysia, HSBC Amanah AAA ratings affirmed RAM
- Malaysian bonds to gain most in EM Asia from treasury rally Edge Mail
- AEON Credit issues RM350m sukuk to fund financing Edge Star
- Capital A secures USD443m revenue bond for AirAsia Edge Star
- IILM issues 3 new sukuk worth USD490m Edge NST
- Japanese investors boost foreign bond buys as rate hike worries ease Star
- US convertible bond issuance falls as markets swing, rates uncertain Edge
- Kroger issues USD10.5b bonds to fund buyout Star
- Private credit braces for lower rates and returns Star
Mergers and acquisitions
- Temasek mulling exit from Indian JV with Schneider Electric Edge
- Seven & i buyout needs Japanese govt approval Edge
- Disney-Reliance offer concessions, but no cricket rights sale Edge
- Whitehaven Coal sells stake in Blackwater for USD1.1b Edge
- Bronfman raised offer for Paramount Global to USD6b Edge
- US coal producer Arch to merge with Consol in USD2.3b deal Star
- Chanel buys stake in independent Swiss watchmaker MB&F Edge
- Germany plans to take up majority stake in cruise ship builder Edge
Projects and business
- AWS to invest USD6.2b in Malaysia Edge Mail NST Star
- Port Klang is 11th busiest port out of top 100 worldwide NST
- China’s battery maker Gotion High-Tech mulls plant in Malaysia Edge Star
- VinFast delays Thai dealerships amid slowdown in global EV sales Edge
- EV maker BYD eyes state incentives for Mexico plant Star
Economy and market news
- Govt mulls 45 sen per kWh for RE plants to access national grid Edge
- Malaysia turns investment safe haven with Thailand, Indonesia political flux Mail Star
- Malaysia’s economic resilience is undeniable Star
- BRICS members supportive of Malaysia’s application Star
- Malaysia the right choice for BRICS membership NST
- Providing help for MSMEs seeking funding Star
- BNM’s international reserves up to USD115.9b Star
- Malaysia’s inflation remains at 2% in Jul Star
- Malaysia’s vehicle sales expected to be lower in 2H Star
- Data centre relocation to emerging markets to boost multiple sectors Star
- Indonesia’s 2Q current account deficit widens to 0.9% of GDP Star
- Chinese imports of chip gear hit record USD26b this year Edge
- Taiwan defence spending to outpace growth Star
- Bank of Korea opens door to rate cuts as growth risks rise Star
- Korean govt allocates USD4.1b for small businesses, EV buyers Star
- Korean exports pick up on resilient chip demand Star
- Ongoing Asian heatwave fuels strong gas demand Mail
- Fed confronts up to a million US jobs vanishing Star
- Fed steaming toward Sep rate cut Star
- It looks like rate cuts everywhere Mail
- Canada Railways lock out union workers, choking supply chain Edge Star
- UK firms see faster growth, cooler inflation in boon for BOE Edge
- Swiss National Bank says strong franc crucial to low inflation Star
- Big Oil likely the major winner on carbon credit expansion Star
Legal and policies
- High Court allows Felda to obtain classified reports as Semarak suit evidence Edge
- SC asks PLCs to hold physical, hybrid shareholder meetings Edge NST Star
- Kerjaya Prospek sues Yong Tai over unpaid RM105m Edge
- Cekap Urus discontinues challenge against govt vehicle fleet project Edge
- PwC China faces 6-month business ban, large fine over Evergrande audit Edge Star
- China firmly opposes move on EV tariffs Star
- Australia’s right to disconnect law set to come into force Edge
- Protectionism a lose-lose scenario Star
