Capital markets news | Thu 3 Oct 2024
Equity and property markets
- Training services firm PEOPLElogy files for ACE Market IPO Edge Star
- Northeast valued at 59 sen by TA Edge
- Falling MGS yield makes REITs more enticing Star
- Independent CF advisers’ roles in Malaysian capital markets Edge
- Yinson to finalise plans for USD1-1.5b RCPS NST
- ANZ says China fears are massively overblown Edge
- Hong Kong brokers swamped by China stock frenzy Edge
- China’s defaulted developers soar 200% in speculative frenzy Edge
- Toyota raises investment in air taxi maker Joby to USD894m Edge
Debt and money markets
- IJM’s AA3, P1 sukuk ratings affirmed RAM
- Zamarad’s Tranche 2, 3, 5, 8 and 9 sukuk ratings affirmed RAM
- reNIKOLA’s green sukuk AA3 rating affirmed RAM
- Sabah Development Bank approves RM879m NPL settlement Edge
- Bank Islam issues RM250m from RM5b sukuk programme Edge Star
- Caladan opens over-the-counter crypto options desk Mail
- Nomura CEO apologises after bond market manipulation probe Edge
- Saudi Red Sea developer plans to raise USD3.7b Star
- HSBC, IFC set up fund targeting emerging-market bond issuers Edge
- JPMorgan picks partners to boost its reach in private credit Edge
Mergers and acquisitions
- Sunway buys Taman Taynton land for RM320m Edge NST Star
- KIP REIT shareholders approve RM320m DPulze acquisition Edge Star
- Sin-Kung buys Prima Air for RM20.7m Edge NST Star
- Sunzen Biotech expects to acquire another target next year Edge
- Sunsuria terminates purchase of 80% of Mayer Land Star
- KKR weighs takeover bid for HK-listed chip equipment maker ASMPT Edge
- Korea Zinc makes USD2b share tender offer to fend off takeover Edge Star
- Contact Energy says merger won’t lessen competition Star
- GIC to buy 25% of EQT-backed waste firm Reworld Edge
- Talos Energy moves to defend against Slim’s share-buying spree Star
- ECB will do anything to remove hurdles to bank mergers Edge
Projects and business
- Econpile bags RM33m piling and substructure jobs in KL Edge Star
- Samaiden bags RM39.17m Negeri Sembilan solar plant contract Edge NST Star
- Oracle to invest USD6.5b to set up cloud facilities in Malaysia Edge NST Star
- Dyson lays off staff in Singapore, gives union 1 day’s notice Edge
- Kingdom Holdings resumes work on world’s tallest tower Edge
- Aussie pension fund pivots back towards property Star
- Adnoc to ride out the energy transition Star
- Natgas producer EQT Corp to lay off 15% of workforce Edge
- UK’s coal plant closure a milestone towards climate goals Star
- German official slams Norway for abandoning hydrogen pipeline Star
Economy and market news
- HLIB keeps Malaysia’s GDP growth forecast at 5% NST
- Economists optimistic on Malaysia’s manufacturing sector Edge
- Malaysia to be Asia’s largest data centre hub ahead of Singapore NST
- Talent gap a critical threat to Philippine call centres amid AI Edge
- Inflation in Philippines likely down to 2% last month Star
- China pumped in over USD100b overseas in cleantech since 2023 Edge
- South Korea’s consumer inflation slows to 3-year low in Sep Star
- Japan’s carry trade worth USD4t begins to unwind Star
- Kiwi labour pool growing at slower pace Star
- US companies add more jobs than forecast Edge
- Anti-ESG backlash in US is overstated Star
- ECB’s Kazaks leans towards Oct rate cut but cautions markets Star
Legal and policies
- MMAG triggers GN3 criteria, to submit application for waiver Edge Star
- Thailand clamping down on nominees for businesses Star
- US imposes duties on solar panels from Southeast Asia Edge NST Star
- Australian court upholds AUD2.5b share issue ruling against ANZ Edge
- Apple accused by US labour board of imposing illegal workplace rules Edge NST
- EU moves to delay deforestation rule after huge pushback Edge
- EU support is enough to impose up to 45% Chinese EV tariffs Edge
- BMW urges Germany to vote against EU tariffs on Chinese-made EVs Edge
- EU seeks content algorithms from YouTube, Snapchat, TikTok Edge
