Capital markets news | Tue 22 Oct 2024
Equity and property markets
- TA Securities sees 14% upside for 3REN IPO Edge
- Main Market-bound Mega Fortris to raise RM198m Edge NST
- Foreign investors net bought RM404m equities last week Edge NST Star
- Singapore to relook listing rules if good firms fail requirements Edge
- China’s listed companies tap PBOC funding for share purchases NST
- India’s HDFC Bank to raise USD1.5b in IPO Star
- Supermarket chain Lulu to offer 25% stake in Abu Dhabi listing NST
- Fomo and Tina drive up US equity Star
- AI startup Perplexity in fundraising talks at USD9b valuation Edge
- Thames Water starts process to raise fresh equity Edge
- Tendam sees too much market uncertainty for Spain IPO NST
Debt and money markets
- Sepangar’s AA1 rating placed on negative rating watch RAM
- ORIX Leasing, ORIX Credit AA2, P1 issue ratings affirmed RAM
- Kenanga’s rating outlook revised from stable to positive MARC
- Govt should open bond market to retail investors Edge
- Petronas asked banks for dollar bond proposals Edge
- Malaysia and Singapore’s credit bureaux support lending Star
- Syngenta seeking USD3b ESG loan, Asia’s biggest this year Edge
- TGI Friday’s seeks financing for possible bankruptcy Star
- World’s USD100t fiscal timebomb ticking Star
Mergers and acquisitions
- Teh family’s Public Bank shares offering deters mergers Edge
- CITIC to sell stake in McDonald’s China, HK for USD430.3m NST
- MetLife in talks to buy PineBridge assets outside of China Edge
- JAB to buy Mondelez’s stake in JDE Peet’s for EUR2.16b Edge
- CD&R nears Sanofi OTC deal after signing with French govt Edge NST
- UBS sells its 50% stake in Swisscard to American Express NST
Malaysian projects and business
- PTT Synergy to build and lease automated warehouse for RM399.7m Edge Star
- AWC bags RM30.51m housekeeping services job in JB Sentral Edge Star
- PUC’s unit Presto bags RM10m contract from NGO NST Star
- Khee San shareholders approve regularisation plan to exit PN17 Edge NST Star
- Petronas to dish out up to RM10b worth of jobs Edge
- Petronas CCS project awards engineering design to Japanese firms Edge
- Yinson’s FPSO Maria Quitéria achieves first oil Edge Star
Malaysian economy and market news
- Govt to restructure data centre incentives with scorecard Edge
- Demand for air transport to increase 4.3% on average Edge
- 300k jobs lost due to automation and AI since 2020 Edge
- Freeze on foreign worker employment quota to continue Edge
- Malaysia’s economy likely grew 5.3% in 3Q, above forecast Edge Star
- Malaysia’s exports to remain modest in coming months NST
- Global minimum tax will lead to shake up in tax incentive landscape NST
Foreign economy and market news
- Singapore’s DBS sees only half of banks making tech progress Star
- Vietnam’s interest rate forecast remains unchanged Star
- Hong Kong summit draws world’s top bankers as city seeks revival Edge
- China is overtaking Europe as top market for Russia’s pipeline gas Edge
- Chinese banks slash lending rates to bolster ailing economy Edge Star
- Taiwan ready to embrace nuclear power amid surging AI demand Edge
- India seeks critical mineral agreement with United States Star
- Qatar LNG sales to key Asian markets confronted by US, UAE rivalry Edge
- Egypt’s IMF deal comes up against cost pressures Star
- T Rowe Price sees 10-year US Treasury hitting 5% in 6 months Edge
- Reeves to boost UK health service funding Star
- Cash-strapped UK squeezes troubled companies Star
- German carmakers should not be afraid of Chinese competition Edge
- IMF, World Bank meetings clouded by US election Mail
- Nature piracy, funding to dominate UN summit Star
- Global health funders look to Gulf states as Europe pulls back Star
Legal and policies
- FMM wants govt to delay foreign workers mandatory EPF coverage Edge NST
- Miti’s new investment incentive framework as early as 1Q2025 Edge NST
- Thai police arrest 18 over pyramid scheme losses of USD50m Edge
- China boosts export controls on dual use products Star
- BHP faces USD47b UK lawsuit over Brazilian dam collapse Edge Mail NST
- Volkswagen Financial Services fined GBP5.4m for mistreating borrowers Edge
