Capital markets news | Thu 24 Oct 2024
Equity and property markets
- TA values Main Market-bound Azam Jaya at RM1.54 Edge
- Axis REIT’s RM454.99m placement will give RM1b headroom Edge
- Capital A aborts USD1.15b brand business SPAC deal Edge Star
- Capital A to cut capital by RM6b to put finances in order NST Star
- Reservoir Link unit lists on Nasdaq raising USD4.875m NST
- Chery has picked banks for auto unit’s Hong Kong IPO Edge
- China Resources Beverage shares up 14% in Hong Kong debut Edge
- Tokyo Metro shares jumps 45% upon listing Edge Mail NST
- Goldman Sachs cuts Indian stocks to neutral on slowing growth Edge
Debt and money markets
- Keyfield’s proposed RM1b sukuk assigned AA3 rating RAM Edge NST Star
- West Coast Expressway’s sukuk AAA(bg) rating affirmed RAM
- Merchantrade’s RM200m CPs assigned MARC-1 rating MARC
- TDM launches RM1.5b sukuk programme Edge NST Star
- CapitaLand REIT’s green loans total RM752m to date NST Star
- China think tank urges USD281b bonds for market stabilisation fund Edge
- Top regulators call out valuation risks in private credit Edge
- World Bank will double annual agricultural commitments to USD9b Edge
- Rich nations must give more than USD100b annually for climate crisis Star
Digital assets market
- Crypto fund managers JellyC, Trovio merged to secure allocations Star
Mergers and acquisitions
- Master Tec completes Sediacom acquisition for RM3.74m NST Star
- Chinese battery maker swaps RM48m advances for 40% of ABM Fujiya Edge Star
- Singapore’s GIC, Macquarie mull USD2b Philippines’ EDC stake sale Edge
- Tupperware cancels auction, agrees to lender takeover Edge NST
- Investors buy and refurbish old buildings for subsequent sale Edge
Malaysian projects and business
- Protasco announces revision in public housing project Edge Star
- LFE gets RM81.71m construction contract Edge Star
- TAS Offshore gets RM49m shipbuilding contracts Edge Star
- MRT Corp, SRS Konsortium finalising Penang LRT negotiations Edge
- Kerjaya Prospek bags 2 contracts worth RM34.4m Edge NST Star
- TRX Mall fails to challenge Pavilion, KLCC Edge NST Star
Malaysian economy and market news
- JBIC interested in Malaysia’s renewable energy Edge
- Ministry faces gripes over high grid access fees for green energy Edge
- 3 companies qualify to export renewable energy to Singapore Edge NST
- Palm oil reaches highest since 2022, adding to food price risks Edge
- Buyers stocking up on CPO ahead of higher export duties Star
- Malaysia’s courier, express, parcel market to hit RM6.9b in 2025 Mail NST
- Kenanga maintains GDP forecast at 5% for 2024, 4.8% in 2025 Mail NST
- Malaysia’s older generations worry about AI job impact NST
- Audit can identify dormant, below par GLCs for sale or closure NST
- Competition drives down mobile telcos’ data yields Star
Foreign projects and business
- Singapore LNG, Mitsui OSK Lines sign deal for 2nd LNG terminal Edge
- Ambani’s Jio in talks with Allianz for insurance JVs in India Edge
- Xiaomi’s automobile plant expansion to be completed in mid-2025 Edge NST
- TSMC cuts off client after discovering chips diverted to Huawei Edge
- JPMorgan eyes physical LNG trading again after Dimon hails boon Edge
- Arm to cancel Qualcomm chip design licence in escalation of feud Edge Star
Foreign economy and market news
- Singapore Sep core inflation at 2.8% Star
- Singapore to grant 30-year licences for low-carbon power imports Edge
- Xi signals supercharged stimulus in the works Star
- Japan’s 40-year yield rises to highest since 2008 on BOJ outlook Edge
- India to retain investment restrictions on border nations Star
- Blackstone CEO says US to avoid recession regardless of election Edge
- UK begins sweeping review of scandal-ridden water utility sector Edge
- ECB policymakers increasingly worried about low inflation NST
- IMF forecasts slower global growth at 3.2% in 2024, 2025 Mail
Legal and policies
- Data centre sustainable guidelines condition for incentives Edge NST Star
- Bright Moon’s loan agreements allowed funneling funds out Edge
- SC bans auditor for 1 year, fines RM87,500 Edge NST Star
- Taiwan weighing financial inspection rule easing Edge
- WisdomTree agrees to settle USD4m in SEC fines Star
- EU antitrust chief nominee vows to intensify Big Tech crackdown Edge
- Deutsche Bank loses court fight with Postbank shareholders Edge
