Capital markets news | Mon 21 Oct 2024
Equity and property markets
- Sorento’s IPO oversubscribed 39 times Edge Star
- OB’s IPO oversubscribed 109 times Edge Star
- Main market-bound Azam Jaya to raise RM61.5m from IPO Edge NST Star
- Malaysia invites Chinese companies to list on Bursa Mail
- China rolls out USD112b funding to bolster stock market NST
- Hong Kong pledges to shrink IPO vetting to 100 days Edge
- Korea’s K Bank postpones IPO to 2025 Edge
- Clients stop trades with Nomura after market manipulation scandal Edge
- Asian IPOs set for blockbuster week as animal spirits return Edge
Debt and money markets
- Swirl Assets’ senior ABS AAA rating affirmed RAM
- Starbright Capital’s ABS AAA rating affirmed RAM
- Glacier Assets’ senior ABS AAA rating affirmed RAM
- Cellco’s Issue 2 assigned AA rating MARC
- SCIB unit gets RM48m facilities from Affin Islamic Edge NST
- Govt total debt and liabilities hit RM1.6t Star
- Slower federal govt debt growth at 6% in 2025, within 64% of GDP Edge Star
- Federal govt’s committed guarantees rise to RM231.4b at end-Jun Edge Star
- Role of PPP, PFI on govt financial obligations Star
- BPMB sets aside RM6.4b targeted financing under Budget 2025 NST
- Govt proposes full stamp duty exemption on MSME financing Star
- US SEC approves listing of 11 ETFs to list, trade bitcoin options Edge
- US high-grade credit spreads fall to lowest level since 2005 Edge
Mergers and acquisitions
- Tokio Marine pauses sale of life insurance business due to dispute Edge
- Mitsubishi buys into top Philippine fintech for USD319m Edge
- StanChart sells India personal loan business to Kotak Mahindra Bank Edge
- Fuji Soft sticks with KKR despite higher takeover offer from Bain Edge
- Boeing exploring asset sales to boost finances Edge
Malaysian economy and market news
- Govt revenue to grow by 5.5% to RM339.7b Star
- Winners and losers of Budget 2025’s spending plan Edge
- Budget 2025 measures fit into fiscal consolidation goal Edge
- 2025 GDP growth forecast of 4.5%-5.5% is reasonable Edge NST Star
- Malaysia to introduce carbon tax for select industries by 2026 Edge NST Star
- Govt introduces 2% tax on dividend income above RM100k Edge NST Star
- Govt to roll out RM1b strategic fund to cultivate E&E talents Edge Star
- Sugary drink tax to be raised from 50 sen to 90 sen per litre Edge
- Govt to expand SST scope to include fee-based financial services Edge NST
- Johor-Singapore SEZ to cover Iskandar Malaysia, Pengerang Edge
- Export duty rates for CPO revised to ensure domestic supply Star
- CPO windfall profit levy threshold raised by RM150 per tonne Edge Star
- CPO up 3.1% to RM4,005 in first 8 months of 2024 NST
- Palm oil prices to moderate next year as production rises Edge
- Malaysia targets RM30b spending by Chinese tourists by 2025 Mail
- Malaysian labour market projected to remain stable in 2025 Star
- Household spending may return to pre-Covid levels in 2025 Mail Star
- Household debt-to-GDP ratio remains stable Star
- Malaysia needs RM85.7b R&D investment by 2030 Mail
- Malaysia’s trade jumps 10.2% to RM2.14t NST Star
- Exports fell 0.3% unexpectedly in Sep Star
- Govt allocates RM300m for solar, hydrogen initiatives Star
Foreign projects and business
Foreign economy and market news
- Indonesia controls nickel ore supply to balance weak demand Edge
- US struggles with waning economic influence in Asean Star
- China’s economy grows 4.6% in 3Q, keeping stimulus calls alive Star
- Japan’s core inflation up 2.4% in Sep from 2.8% in Aug NST
- India regulator cracks down on shadow banks to cut risks Edge
- India central bank governor says rate cut now is very risky Edge
- UK proposes easing banker bonus rules to boost competitive edge Edge
- BRICS will generate most of global economic growth NST
