Capital markets news | Fri 8 Nov 2024
Equity and property markets
- TMK Chemical Main Market IPO underwritten by Maybank Edge NST Star
- Metro Healthcare’s IPO oversubscribed 38 times Edge Star
- Farm Price proposes 1-for-2 bonus issue of warrants Edge
- Issuers proceed with IPOs as investors unfazed by weak debuts Edge
- Trump policies could divert foreign funds in China, HK to Malaysia NST
- China’s CICC eyes investments in Malaysian emerging, high-tech sectors Edge
- Trump’s China threat has investors favouring India, Japan stocks Edge
- IPO market holdouts look to 2025 as Trump retakes White House Edge Star
- US bull market is just starting Edge
Mergers and acquisitions
- Ekovest’s Lim weighing sale of toll-road assets for RM5b Edge Mail Star
- EcoWorld buys Semenyih land from Boustead for RM742m Edge Mail NST Star
- Mah Sing buys 5.24-acre Old Klang Road land for RM112.97m Edge Mail NST Star
- Southern Steel to transfer steel plant to Italy’s Danieli for EUR42m Edge
- Jollibee buys Hong Kong’s Tim Ho Wan dim sum chain for RM66m Mail
- Nippon Steel to close US Steel deal before Trump takes office Edge
- Trump’s win set to boost M&A with new policies Star
Malaysian projects and business
- Petronas lifts gas supply force majeure to Malaysia LNG Dua Edge NST
- IOI Properties withdraws Shenton House proposal at shareholders meeting Edge
- Ultimate Print, Türkiye’s Darphane partner in high-security printing Edge NST Star
- KKB bags RM93m jobs from Petros, other firms Edge NST Star
- Microlink bags RM84m Immigration Dept contract Edge NST Star
- Ramssol’s unit bags RM36m healthcare project in Thailand Edge
- BMI sees challenges for Malaysia’s dual 5G networks Edge Mail
- Sabah MP alleges Ali Baba contract in Pan Borneo Highway project Edge
- Bolt enters Malaysia’s ride-hailing market Mail
- Malaysian ops not affected by KPMG’s lay-offs in US NST
- Gamuda JV appointed for AUD1.8b 900MW Australian hydropower project Star
Malaysian economy and market news
- Wholesale, retail trade sales up 3.8% to RM148.2b in Sep Edge Mail Star
- Services sector revenue up 5.9% to RM618.5b in 3Q Edge Mail
- Malaysia keen to collaborate with Barcelona Supercomputing Center Edge
- BNM likely to keep OPR at 3% through 2025 NST Star
- BNM international reserves fall to USD117.6b Star
- Fast-lane initiative successfully speeds up foreign projects in Johor Star
- Malaysia secures potential exports to China worth RM3.2b Star
- Trump presidency to enhance Malaysia’s export potential, FDI inflows Star
Foreign projects and business
Foreign economy and market news
- Singapore’s unified QR code rolled out Edge
- China told banks to cut interbank deposit rates to boost growth Edge
- China’s exports up 12.7%, imports down 2.3% in Oct Mail Star
- China’s Oct trade surplus with US widens to USD33.5b Star
- China ranked 38th on openness among 129 economies in 2023 Star
- Bulgari CEO sees Chinese luxury market recovering in 2 years Edge
- Trump victory pressures Bank of Japan to raise rates Star
- Americans prefer to rent with market beyond reach of homebuyers Edge
- Trump vows sweeping tariffs on USD3t of imports Mail
- Trump policy may benefit oil industry but risks oversupply pressures Mail Star
- Trump return likely to slow clean-energy boom Star
- Bank of England cuts rates by 0.25% despite higher inflation outlook Edge Star
- 40% of Germany’s EUR650b net capital outflow since Scholz in power Edge
- Global wellness industry now worth USD6.3t Edge
Legal and policies
- Lawyers dispute govt’s claim on Duta Enclave land Edge
- Jetson not party to disputed contract related to OCR’s RM88m suit Edge
- FGV’s unit sued over breach of supply agreement Edge
- MACC spots suspicious transactions in FashionValet probe Edge
- MACC freezes bank accounts of FashionValet founders Edge
- India raids offices of sellers using Amazon, Flipkart platforms Edge
- TikTok ordered to close Canadian unit on national security risk Edge Mail
- EU probes Visa, Mastercard fees on retailers Star
