Capital markets news | Thu 2 Jan 2025
Equity
- Engineering firm Oxford Innotech plans ACE Market IPO Edge NST Star
- JS Solar files draft prospectus for ACE Market IPO Edge NST Star
- SGX-listed UMS applies for secondary listing on Bursa Edge Star
- Permaju proposes RM258m share capital reduction Edge Star
- Another good IPO run expected this year Star
- LYC Healthcare to list subs on Nasdaq to raise USD15m Edge NST Star
- Chery adds JPMorgan for USD1b Hong Kong listing Edge
- Chinese toy maker Bloks files for USD188m Hong Kong IPO Edge Star
- Hong Kong sees rush of IPO filings on last trading day of 2024 Edge Yahoo
- Abu Dhabi’s Mubadala overtakes Saudi Arabia’s PIF Edge Star Yahoo
- Football star Lionel Messi holds IPO for his real estate assets Edge Mail Star
Debt and money markets
- Press Metal’s RM5b sukuk programme upgraded to AA1 RAM
- Edra Energy’s AA3 sukuk rating affirmed RAM
- Edra Power’s ratings upgraded to AAA, P1 RAM
- TNB Global Captive assigned highest LECA rating of aaa RAM
- KLCCP upsizes programme to RM2b, issues RM600m sukuk Edge NST Star
- PTT Synergy establishes RM500m perpetual sukuk programme Star
- Malaysia’s private non-financial sector credit growth up 5.2% in Nov Star
- Foreign flows into India bonds expected to decline this year Star
- Riskiest bonds shine in lacklustre 2024 for emerging markets Star
- New York suburb to tap bond market Star
Digital assets
- China tightens crypto trade oversight with new forex rules Cointelegraph
- Switzerland to mandate bitcoin holdings by National Bank Yahoo Cointelegraph
- Bitcoin more than doubles in 2024 on spot ETF, Trump Edge NST
- Franklin Templeton predicts bitcoin reserves to expand globally Cointelegraph
- Tether shifts USD780m in bitcoin to reserve Cointelegraph
- Ether ETF net inflows hit USD2.6b in Dec Cointelegraph
- Ether seen outperforming bitcoin in 2025 Coindesk
- Crypto’s USD205b stablecoin market set to go mainstream Edge Star
- AlphaX supports USDT trading of memecoins Mail
M&A and property
- Hextar Retail aborts purchase of 51% of apparel company Redina Edge
- Binasat sells 51% of Borderless Connection for RM5.92m Star
- Hong Kong Cheng family to sell China toll roads for USD2b Edge Star
- Alibaba sells hypermart chain Sun Art to buyout firm DCP for USD1.6b Edge Yahoo
- US Steel jumps most in a year on Nippon Steel offer to Biden Edge Star
- Bill Ackman expects Trump to privatise Fannie Mae and Freddie Mac Edge Yahoo
- Mobvista weighs Mintegral sale amid Bain interest Yahoo
- World Wide Technology buys Softchoice for CAD1.8b, delist from TSX Edge
Malaysian financial market news
- Data centres: Malaysia’s next frontier Edge
- Malaysia implements MSPO 2.0 to boost sustainable palm oil standards Edge Star
- Steady GDP growth expected in 2025, flanked by external uncertainties Edge Star
- Roaring 20s: Malaysia in FDI upcycle Edge
- Bintulu Port gets 1-year extension to operate main LNG port in Sarawak Edge
- Carbon capture tech could attract USD10b capex into Malaysia by 2030 Edge
- BNM international reserves at USD118.35b Mail Star
- Automotive sector industry volume to grow marginally to 805k in 2025 NST
- Penang approved RM22.6b investments for 9M2024 NST Star
- Economist says BNM could cut OPR to 2.75% in 2025 NST
Asian financial market news
- Philippines energy dept eyes Landbank to curb geothermal risk Star
- China’s major minerals output hits new high Star
- China’s 1,116MW Huaneng hydropower plant begins operation Star
- China’s PMI slowed to 50.1 in Dec Star
- China’s Dec home sales stay flat in sign of stabilisation Edge Star
- China’s Xi calls for more proactive macroeconomic reforms Mail
- China prioritises NEVs in government procurement Star
- South Korea exports climb 8.2% in 2024, sets record Star
- The myth of the middle-income trap globally Star
Other financial market news
- Australian home prices finally cool as 2024 comes to an end Yahoo
- How high will US unemployment get in 2025? Yahoo
- What’s next for the Fed and Jerome Powell under Trump 2.0? Yahoo
- The biggest global risk that Americans are overlooking Yahoo
- A standoff between BlackRock and the FDIC is dragging into 2025 Yahoo
- US LNG gas demand hits record high on last day of the year Yahoo
- Citigroup says it’s leaving global climate-banking alliance Edge Star
- Sweden’s Intrum wins Chapter 11 plan in US Star
- Montenegro extradited Terraform Lab co-founder Do Kwon to the US Edge
- Brazil currency caps 21% rout despite intervention Star
- IMF to review Argentina loan in key step for new deal Star
- Russia reduces gas flow via Ukraine to Europe on last day of expiring deal Edge
- Austria’s Signa Development heads for bankruptcy proceedings Edge
- German air taxi start-up Volocopter files for insolvency Edge
- UBS boss warns against excessive banking regulation ahead of overhaul Edge
- ECB hopes to hit 2% inflation target in 2025 Yahoo
- Calls for EU to seek win-win tariff position Star
- The VUCA year of 2025 Star
- Ample supply, slow demand to temper oil price gains in 2025 Yahoo
