Capital markets news | Thu 23 May 2024
Equity
- Feytech ends maiden trading day up 37.5% on Main Market Edge NST Star
- KTI Landmark to raise RM48m from ACE Market IPO Edge NST
- SL Innovation appoints KAF for ACE Market listing transfer Edge
- Apollo’s public spread in compliance after Scoop sells 4% Edge
- Scale valued at nearly USD14b with funding from Amazon, AMD Edge
- Europe property funds lose EUR10b investments amid ECB concerns Edge
- Temasek backs OpenAI investor’s new USD250m tech fund Edge
- Big IPOs making a comeback in India as stock boom continues Edge Star
- Canada’s Hudbay Minerals to raise USD300m in equity offering Star
Debt
- Sunway Healthcare issued RM400m rated sustainable sukuk Mail Star
- Magma to issue RM100m redeemable convertible notes Edge Star
- Affin’s AA3 financial institution ratings affirmed RAM
- MAHB, UEM to be monitored following privatisation offer RAM
- Banks to compete for deposits, but not likely to lose sleep over it Edge
- Singapore starts green bond sale, adding to global deals record Edge
- SoftBank doubles bond sale to JPY80b on strong demand Edge
- Chinese developer Vanke gets new loan pushing total to USD1b Edge
- Fund says Indian bonds underpricing index move Star
- China’s ultra-long bonds surge 13% on Shanghai debut Star
- Private equity’s massive UK debt binge sparks warnings of danger Star
Mergers and acquisitions
- Telcos given 20 days to finalise DNB share subscription Edge
- Malaysia Airports shareholder doubtful of takeover Edge Mail Star
- Lagenda Properties buys 3 Kedah land parcels for RM148.98m Mail Star
- Petronas completes Engen stake disposal to Vivo Energy NST
- Pos Malaysia sells ship charterer PNSL to SWA Shipping for RM123.21m NST
- KKR, TPG weigh options for PropertyGuru including buyout Edge
- Warburg Pincus, Temasek buy insurance services firm SRG Edge
- ByteDance buys earbud maker Oladance for future hardware Edge
- US Steel accuses rival Cliffs of misinformation as deal awaits review Star
- Hard Rock among suitors for troubled SEG Star
Projects and business
- JF Tech to return to US after patent restriction over Edge
- Petronas, partners reach FID for Kaminho project off Angola Edge Mail
- Financing for Toyo Ventures’ Vietnam power plant under scrutiny Edge
- Advancecon gets RM25m Shah Alam infrastructure works contract Edge Star
- TNB gears up for Regulatory Period 4 with significant capex Star
- Vivo Energy to invest over USD550m in South Africa Edge
- Shell faces shareholder revolt over climate strategy Mail
- French, Russian, Chinese firms compete for Ghana’s 1st nuclear plant Mail
- Britain selects site in Wales for nuclear plant Star
Economy and market news
- Seda reviewing future rollout of subsidised green energy projects Edge
- Manufacturing industry capacity utilisation up to 81% in 1Q Edge Mail NST Star
- Kenanga maintains 9.4% export growth forecast for Malaysia Mail
- Vietnam asks Apple supplier Foxconn and others to cut power use Edge NST
- Bank Indonesia signals no further rate increases Star
- JPMorgan CEO is cautiously pessimistic on economy Edge Star
- Krugman says he’s fanatically confused on where rates are going Star
- US to sell off 1m barrels strategic gasoline reserves in northeast Mail Star
- US existing home sales slip in Apr on high mortgage rates Mail
- UK inflation rate falls by less-than-expected in Apr Mail Star
- Bank of England warns of big increase in securities repurchase Star
- IMF cautions on timing of UK rate cut Mail
- France open to Emirati investments in nuclear, AI Mail
- Russian wheat shortfall possible boon to US exporters of corn Star
- European chip industry must expand supplier, R&D strengths Mail
- EC official sees EUR100b private chip investment by 2030 Star
- Australia’s LNG sector is long-term bullish, but needs carbon price Star
- Shippers can’t resist the lure of China-Mexico trade Star
- China banks show support for govt housing rescue plan Star
- China boosts crude oil storage amid soft refinery processing Star
- Japan 10-year bond yield at 11-year high amid tightening Star
- Global public cloud end-user spending to hit USD675b in 2024 Edge
- AI-intensive sectors are showing a productivity surge Edge NST
- International tourism hit 97% of pre-covid levels in 1Q Mail
- Global carbon emissions pricing raised record USD104b in 2023 Mail
Legal and policies
- FIMM reprimands unit trust and private retirement scheme consultants Edge NST
- Yellen warns German banks to comply with Russia sanctions Edge Mail
- US, Europe must respond jointly to China’s industrial overcapacity Mail
- US gives details on higher China tariffs, some start on 1 Aug Mail Star
- Less advanced chips are missing from US chip policy Edge
- Fed’s Barr says regulators considering adjustments to liquidity rules NST
- US regulator investigates greenwashing in carbon markets Edge NST Star
- UK auditors fail to warn over ¾ of bankruptcies Mail
- Citi fined USD79m by UK regulators over trading failures Mail
- EU to take targeted approach on illegal China subsidies Mail
- Apple fights EUR1.8b antitrust fine for curbs on Spotify Edge Mail
- Kremlin says EU stealing revenue from frozen Russian assets Mail
- 16 top AI firms make new safety commitments at Seoul summit Mail
- Exiled Chinese businessman Guo Wengui goes on trial for fraud Mail
- Glen Point’s Phillips should get 2 years for forex manipulation Edge
- Libor scandal Ex-UBS trader denied UK Supreme Court chance Edge
