Capital markets news | Wed 2 Oct 2024
Equity and property markets
- Azam Jaya’s Main Market IPO underwritten by Inter-Pacific Edge Star
- Life Water’s Main Market IPO underwritten by MIDF Amanah Edge Star
- e-Trade app allows share trading via Touch ‘n Go eWallet Edge Star
- Bursa eyes value-boosting plans to lure stock traders Edge Star
- KLDX, AsiaNext in cross-border listing deal Star
- ThaiBev revives IPO plan, eyes potential partners Edge
- Super Typhoon Krathon forces Taiwan’s stock market to close Edge
- India clears steps to curb trading rush in stock derivatives Edge
- Cerebras files for IPO as it challenges Nvidia in AI chips Star
- Boeing weighs raising USD10b selling stock Edge
- Goldman cuts Gucci-owner Kering to sell over luxury rally doubts Edge
Debt and money markets
- Genting Group’s AA1, P1 ratings affirmed RAM
- Sarawak govt shareholding supports Affin Bank’s AA3 rating RAM
- Air Selangor’s RM10b sukuk AAA, P1 ratings affirmed RAM
- CIMB, CGC allocate RM1.5b more for SME financing Edge Star
- SC unveils regulatory sandbox to boost tokenisation innovation Edge NST Star
- pitchIN, Hata create one-stop centre for digital assets Edge
- Improved showing expected for Malaysian banks Star
- Berkshire plans new yen bond sale in boost to trading houses Edge
- Goldman Sachs trades GBP1b in Thames Water debt Edge
- BlackRock to be biggest shareholder in SellerX after debt deal Edge
- Borrowers smash global records to sell USD600b in debt Edge
Mergers and acquisitions
- Sunzen buys 70% of ophthalmic firm Eye Nation for RM6.37m Edge
- Aemulus buys balance 60% of loss-making Chinese subsidiary Edge Star
- LYC Healthcare sells 55% of Elite Dental for RM6.5m Star
- Central Global acquires Sabah office for RM19.5m Edge Star
- Qatar Airways buys 25% of Virgin Australia Edge Mail NST Star
- CVS conducting strategic review, considering breakup Edge Star
- Ergen needs creditors he spurned to seal Dish-DirecTV deal Edge
- Pfizer raises USD3.2b by selling part of stake in UK’s Haleon Edge
- Adnoc buys chemical producer Covestro for EUR12b Edge
- Germany’s USD100b deal surge leaves Europe trailing behind Edge
- TPG, Singapore’s GIC buy energy meter maker Techem for USD7.5b Edge
- UniCredit CEO says EU needs bigger banks Edge
- BlackRock’s CEO says Europe needs unified banking market Edge
Projects and business
- MISC inks contract for 2 LNG carriers for charter with Petronas Edge NST Star
- Petronas inks 5-year gas sales agreement with SESB Edge NST Star
- MHB bags RM43m MODU conversion subcontract from Uzma Edge NST Star
- Tanco gets approval from Marine Dept for Port Dickson container port Edge
- VinAI introduces 85% accurate drunk driving detection technology Mail
- Samsung to lay off thousands of workers worldwide Edge
- Equinix, Canada Pension, Singapore’s GIC form USD15b data centre JV Edge
- Barclays expects new dealmakers to take 18 months to ramp up Edge
Economy and market news
- MOGSC seeks RM3b allocation for O&G sector in Budget 2025 Edge
- Significant EPCC contracts for CGPP and LSS5 soon Edge
- Google’s Malaysia investments to add USD3.2b to GDP Edge NST Star
- Malaysian manufacturing sector remains muted in 3Q Mail Star
- Indonesian inflation at 1.84% in Sep, lowest since 2021 Star
- Saudi Arabia projects budget deficit through 2027 Mail
- Asia’s factory activity hit by global uncertainty, focus on China stimulus Star
- Market pricing in too many Fed rate cuts Edge
- US Fed chair Powell predicts slower rate cuts as inflation eases Mail
- Why interest rates not falling to pre-Covid levels Star
- US big oil reveal USD42b payments to foreign governments NST
- UK business optimism sinks to lowest since Truss fallout Star
- LNG traders pay Germany fees to send cargo to Asia Edge
- Oversupply of solar panels set to ease in 2025 Star
Legal and policies
- Malaysia plans national cloud policy, AI regulations Star
- Ho Hup unit gets restraining order against creditor Edge
- Malaysian planters gear up for EUDR compliance Edge
- BNM imposes penalty on Agrobank for non-compliance Edge NST Star
- PA Resources gets 0% US dumping rate for aluminium extrusion Edge NST Star
- Sembcorp accepts USD50.9m settlement from Lim Oon Kuin Edge
