Capital markets news | Tue 27 Feb 2024

Capital markets news | Tue 27 Feb 2024

Equity

• Bank Muamalat looking at listing Edge

• Capital A to list in mid-2024 at USD1.3b valuation Edge Star

• Foreign buying of Malaysian equities doubled to RM786.1m last week Edge Star

• Indonesia digital lending startup Julo working toward IPO Edge

• JBS expects US listing delay for more shareholders to vote Star

Debt

• Cahya Mata Sarawak’s AA3 rating affirmed RAM

• Italy to close tax loophole in retail government bonds Mail

• Deutsche Bank’s DWS sees opening in credit crunch for offices Edge

• Goldman and Morgan Stanley backstop CLO sub-debt Edge

• Goldman strikes USD1b private credit deal with Mubadala Edge Star

Mergers and acquisitions

• MCE sells Setia Alam land for RM44m cash Edge

• Chipmaker Broadcom sells remote-access unit to KKR in USD4b deal Edge

• Alcoa bids USD2.2b for Australian partner to control assets Edge Star

• CSR agrees to USD3b takeover by French rival Saint-Gobain Edge

• Ant outbids Citadel Securities for Credit Suisse’s China unit Edge

Projects and business

• Gentari and SEDC Energy in Bintulu hydrogen production JV NST Edge

• Maxis and Google to integrate GenAI into workflow and services Mail Edge

• Aviation in purple patch amid new plane crunch Edge

• Sarawak to finalise green hydrogen foray worth USD4.2b Edge

• Microsoft strikes deal with France’s Mistral Edge

• Micron starts memory chip mass production for Nvidia H200 GPU Edge

• Disney begins second round of layoffs Edge

• AI explodes data centre energy use Star

Economy and market news

• Palm struggles for direction as market digests poor export data NST

• JLL optimistic about Malaysia’s commercial market activity NST

• Short-term interbank rates close steady on BNM operations Mail

• Chips companies will be lucky to get half of subsidies sought Edge

• Nickel faces existential moment with half of mines unprofitable Edge

• Indonesia sees 2025 annual GDP growth at 5.3%-5.6% Edge

• Shutdown risk remains amid elusive deal Star

• A driving force for LNG market expansion Star

• China’s solar companies building factories in US Star

Legal and policies

• SC charges Pixelvest’s officers for unlicensed market activities NST Edge Edge Star

• SC and Bursa pledge to shorten IPO approval time NST Edge Star

• SC extends REIT annual report timeline to four months Edge Star

• WTO: the sick man of global trade? NST

• China expressed solemn concerns over US tariffs in Abu Dhabi Mail

• IMF urges G20 cooperation on climate and AI principles Mail

• WTO seeks modest outcomes in Abu Dhabi Mail

• Germany to allow carbon storage to pave way for lower emissions Edge

• EU adopts euro instant payments rules to take on Visa and Mastercard Edge