Capital markets news | Thu 7 Nov 2024

Equity and property markets

  • 3REN gains 41% on ACE Market debut Edge NST Star
  • Pharmaniaga excludes free warrants from RM654m fundraising Edge NST
  • Datasonic proposes 1-for-2 bonus warrants Edge
  • Speedhome launches pitchIN crowdfunding to raise RM10m NST
  • Top hedge fund’s surge in China threatened by US indictment Star
  • Grocer Lulu raises USD1.72b in UAE’s largest IPO this year Edge

Debt and money markets

  • Besraya’s AA2 sukuk rating affirmed RAM
  • Bakun Hydro’s AAA sukuk rating affirmed RAM
  • AmBank’s, AmBank Islamic’s debt assigned P1 ratings RAM Edge Star
  • Vietnam banks’ bad debt ratio up in 3Q Star
  • Shanghai DC-Science seeks USD700m loan for Malaysian data centre Edge
  • IILM reissues USD1.31b short-term sukuk, largest this year Edge

Digital assets market

  • Singapore’s LTA to pilot blockchain-based payments with OCBC Edge
  • JPMorgan to offer instant USD-EUR settlement via blockchain Edge
  • Bitcoin hits record high of USD75,397 as Trump wins Edge Mail NST Star

Mergers and acquisitions

  • Deleum buys additional 16% stake in Turboservices Edge Star
  • Xin Synergy buys developer Medini Marina for RM18.24m Star
  • SCIB buys plots of land in Sibu for RM18.4m NST Star
  • Korea Zinc’s USD1.8b share sale plan suspended Edge
  • Paramount gives up on Warner Bros merger Edge

Malaysian projects and business

  • U Mobile’s track record behind decision on 2nd 5G network Edge NST
  • TMC to complete Thomson Iskandar medical hub in Johor by 2030 Edge
  • EPF books RM24m provision for London’s Battersea project Edge NST
  • Petronas to use AI to boost exploration in Malay Basin NST Star
  • Haily bags RM89.9m contract from Mah Sing NST Star
  • Binasat wins RM13m civil works contract from Enertra Star
  • Parkson unit secures 2 major lease agreements in China Star

Malaysian economy and market news

  • Air Selangor calls for more private investments in water infrastructure Edge
  • Govt mulls independent installers to roll out battery storage Edge
  • BNM keeps OPR unchanged at 3% Mail NST Star
  • Services producer price index rises 0.3% in 3Q Star

Foreign projects and business

  • China’s belt and road initiative stands strong as a rock Star
  • StanChart sees China at centre of its business Star
  • TotalEnergies to supply Sinopec with 2m tonnes of LNG for 15 years Star
  • India’s NTPC approved USD9.5b 6,400MW coal-fired power projects Star
  • JPMorgan to produce financing, investment solutions for biodiversity Star
  • German utility Uniper to slow down USD8.7b hydrogen investment Star
  • Suez Canal area set for rapid expansion Star

Foreign economy and market news

  • Singapore retail sales up 2% in Sep due to motor vehicles Star
  • Underconsumption won’t last in Singapore Star
  • Thailand may see record tourist arrivals in 2025 Edge
  • Vietnam seafood exports top USD1b on rising demand Star
  • New Zealand jobless rate rises less than forecast Star
  • US 30-year mortgage rate up 0.08% to 6.81%, highest since Jul Edge
  • US shale drillers risk creating oil supply glut Star
  • Bank of Canada does not see need for interest rates to be restrictive Star
  • Brazil lifts coal imports to record high as hydropower hit lingers Star
  • UK housebuilding recovery stalled before budget Edge
  • Britons to skimp on food costs to offset higher water bills Star
  • Libya plans first oil exploration tender since 2011 civil war Star
  • World’s biggest cobalt miner is gloomy on EV metal’s future Edge

Legal and policies

  • JAKS to pay RM5m to Star under land deal dispute settlement Edge
  • Bestinet founder denies involvement in worker trafficking, money laundering Edge

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