Capital markets news | Fri 23 Feb 2024

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Capital markets news | Fri 23 Feb 2024

Equity

  • Pernas invests RM62m in Gloria Jean’s and 1901 Edge

  • Vitrox proposes bonus issue Edge

  • Reddit files to go public as ‘RDDT’ on NYSE Mail Edge

  • Seven Samurai to take on the Magnificent Seven Star

  • BlackRock-Temasek group invests USD150m in Antora Edge

Debt

  • Telekosang progressing in boosting transaction liquidity RAM

  • E&O talking to banks on RM1.5b for Andaman Island project Edge

  • HSBC sets CO2 limits for capital markets Star

Mergers and acquisitions

  • Ekovest sells land for RM66.8m Star Edge

  • Delivery Hero aborts sale of foodpanda NST Mail Edge

  • Nippon Steel’s China assets raise concerns over US deal Edge

Projects and business

  • Axiata to launch Boost Bank in 2Q2024 NST Mail

  • Axiata announces exit from Myanmar NST Star Edge

  • A321LR joins AirAsia’s airbus order book Mail NST Star Edge

  • AEON Bank opens registration of interest Mail

  • TNB to develop hybrid hydro-floating solar PV projects Edge

  • EV maker VinFast reports USD2b net loss in 2023 Mail Edge

  • Hydro-Quebec’s USD137b power plan is drawing attention Star

  • TotalEnergies eyes wider footprint in renewables Star

  • Singapore’s UOB revises down 2024 loan growth Star Edge

  • Intel to overtake TSMC in 2025 Edge

Economy and market news

  • BNM international reserves rise to USD115.4b NST Mail Star

  • Malaysia will play a key role in supplying feedstock for SAF NST

  • Special meeting on 28 Feb on Johor-Singapore SEZ NST

  • CPO to average RM3.7k-RM3.9k this year Mail NST Edge

  • S&P predicts ringgit up 9% by end 2024 Mail

  • Strong trade recovery likely in 2024 Star

  • Bond traders brace for another US sell-off Star

  • Fed concerned about cutting rates too soon Star

  • Multinationals pick Singapore over Hong Kong for Asian headquarters Edge

  • Japan’s manufacturing PMI falls to lowest since August 2020 Edge

Legal and policies

  • EVD’s suspended director prohibited from calling EGM Edge

  • More E&E support policies needed to move up value chain Edge

  • New US sanctions target Russian banks and weapons components Edge

  • Singapore arrest warrant for Man United bidder Edge

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