Capital markets news | Tue 24 Sep 2024
Equity and property markets
- Fertiliser company Cropmate approved for ACE Market listing NST Star
- Mercury values ACE Market-bound Crest at 55 sen Edge
- Foreigners net buy RM271.5m Malaysian equities last week Edge Star
- Ancom Nylex to place 10% to Germany’s Helm NST Star
- Invest Malaysia to attract 500 delegates, RM56.7t AUM Star
- Singapore Exchange targets Dubai expansion to follow hedge funds Edge
- South Korea’s watchdog reviews Morgan Stanley’s SK Hynix sell order Edge
- Apollo offers to invest USD5b in Intel Edge NST Star
Debt and money markets
- Jimah East Power’s AA- rating affirmed MARC
- Masteel’s RM130m guaranteed sukuk rating withdrawn MARC
- Enhancing the bankability of green energy projects Star
- Tekun disbursed RM98.9m loans to Sabah micro-entrepreneurs NST
- BNM’s AES funding facility a win for SMEs Star
- Temasek sets aside USD77m for climate action initiatives Edge Star
- Meituan plans dollar bond after ratings upgrade Edge
Mergers and acquisitions
- Sarawak, LTAT to sign Affin Bank deal on Fri Edge NST Star
- Barakah close to selling pipe-laying vessel to Indonesian firm Edge
- Capital A’s EGM for airline business merger on 14 Oct Edge Mail Star
- EPB buys Penang Science Park land for RM22.49m NST Star
- Industronics sells 1,382 square metres of land for RM7m Star
- Mapletree Logistics completes divestment of Flexhub Edge
- Retailer Miniso buys 24% of China’s Yonghui for USD889m Edge Star
- Big UK investors poised to buy US property, except office Edge
- Rightmove to consider new GBP6.1b bid from REA Group Edge
- Everton FC agrees to takeover from AS Roma owner Friedkin Edge
- Siemens to carve out EV charging unit in bid to speed growth Edge
- BNP Paribas agrees to buy HSBC unit in German wealth push Edge
- Commerzbank warns UniCredit merger threatens German businesses Edge
Projects and business
- ITMAX gets 4th parking management contract in Johor Edge NST Star
- OMS allocates USD300m for cable systems, terrestrial infra Edge NST
- KJTS bags RM24m data centre job in Johor Edge Star
- Penang Port to exceed 1.5m TEUs Star
- Penang Port awaits government approval for RM2.2b expansion Edge
- Samsung invests USD1.8b in Vietnam OLED plant Edge Mail
- Biden, Modi announce plans for new chip plant in India Edge
- India’s Vodafone Idea inks USD3.6b deal with Nokia, Samsung Edge
- TSMC, Samsung mull building big chip factories in UAE Edge
Economy and market news
- Domestic air traffic recovery to hit 94% in 2024 Edge NST
- Malaysia’s inflation rate slows to 1.9% in Aug Mail Star
- Fiscal deficit target doable Star
- BNM international reserves up at USD117.6b Star
- Govt should improve national grid, substations for RE production Star
- Exports of rubber, related products to exceed RM30b Star
- Singapore’s prime office vacancies jump to highest since 2022 Edge
- Thai virtual bank race heats up as bidders outnumber permits Edge
- Thai exporters severely hurt by baht’s surge Edge
- Thailand emerging as major market for China EVs Star
- Vietnam targets 1 semiconductor fab plant, 10 packaging plants NST
- China steel mills facing wave of bankruptcies Edge
- China’s central bank injects CNY234.6b into banking system Mail NST Star
- Growth in US business activity moderates as prices accelerate Edge
- Federal Reserve presidents back more rate cuts Edge Edge Edge
- UK govt promises no austerity, no taxes hikes for workers Mail Star
- Eurozone’s top economies suffer fresh blow to business activity Edge
- EU bank profitability hits record just as ECB started rate cuts Edge
- Swiss voters shoot down state pension fund reform Star
- Rio Tinto chairman warns M&A deals won’t solve supply crisis Edge
Legal and policies
- EY replaces PwC as Pharmaniaga external auditor Edge Star
- Plantation ministry proposing initiatives for palm oil industry Edge NST Star
- SC outlines conditions for Forest City family office tax break Edge NST Star
- BNM explores broader collateral options for FIs during crisis Edge
- BNM governor calls for shariah compliance in Islamic banking recovery Edge Star
- National farmers’ association rejects fertiliser distribution cartel claims Mail
- California sues Exxon over global plastic pollution Edge
- Biden proposes banning Chinese vehicles from US roads Edge
