Capital markets news | Mon 25 Mar 2024
Equity
- Alpha IVF ends flat at 32 sen on ACE Market debut Edge Star
- TA Securities values SBH Marine at P-E of 15 times Edge
- Didi Global’s revenue jumps ahead of Hong Kong IPO Edge Mail
- SPAC investors approve Trump’s USD6b social media deal Edge
- Dutch ramp up pressure on Unilever for EUR17b ice cream listing Edge
- Samsonite’s dual-listing plan prompts 12% slump in shares Edge
- Reddit soars 48% in debut as AI pitch gets warm reception Edge Mail
- Alibaba sells ADRs in streaming site Bilibili for USD357.8m Edge
- Financiers grab reins as new energy startups struggle Star
- Invesco fund offers ways to invest in water risks Star
Debt
- Visionary Insurance’s LECA rating affirmed RAM
- RP Hydro’s AA3 sukuk rating affirmed RAM
- Maybank and Doxa sign MOU for supply chain financing solutions Edge Star
- MNRB issues RM420m sukuk for refinancing and expansion Edge Star
- Alibaba-backed fintech Akulaku gets USD100m HSBC financing Edge
- Private credit eyes asset-based financing Star
- World Bank to share more data to attract private investors Mail
Mergers and acquisitions
- Maxim unit buys Bukit Chagar land from SP Setia for RM167m cash Edge Star
- CCK’s latest Indonesian acquisition bolsters business Star
- Vodafone-Three’s UK combination faces full-blown deal review Edge
- Danone receives go-ahead to sell Russian subsidiary Mail
Projects and business
- ADE to double revenue with new KLIA hangar facility Edge Star Mail
- Velesto gets USD265m 2-year extension from Petronas Carigali Edge Star NST
- Nestcon bags RM80m construction job in JB Edge Star NST
Economy and market news
- BNM international reserves fall to USD113.4b Star NST Mail
- High-flying bankers in Hong Kong are a lost generation Edge
- Expensive flights become new normal on USD5t green transition Edge
- BOJ’s Ueda signals drop in bond buying towards steady exit Edge
- Looming office real estate crash will be worse than Global Financial Crisis Edge
- Shippers turn to longer-term leases as tanker supply tightens Star
- Fitch affirmed UK’s AA credit rating with stable outlook Mail
- BoE says rate cuts in 2024 not unreasonable Mail
Legal and policies
- Quantum Metal Exchange issued cease and desist directive Edge Star NST Mail
- EcoFirst alleges conspiracy in award of contract to Kerjaya Prospek Edge NST
- High Court rules debt not crystalised in Kenanga’s claim against Impiana Edge
- China blocks use of Intel and AMD chips in govt computers Edge Mail
- SGX proposes cap refinement on clearing member liability for multiple defaults Edge
- Western banks warn of risks in EU plan to grab Russian assets Edge
- China scrutinises PwC’s role in USD78b Evergrande fraud case Edge
- Shipping to charge CO2 levy in 2027 Star
- China plans new rules on market access Mail
- IMF chief urges China to boost growth with pro-market reforms Mail
- China’s SMIC may have violated US export curbs to make Huawei chip Mail
