Capital markets news | Wed 3 Jul 2024
Equity
- UUE gains 189% on ACE Market debut, best IPO so far Edge NST
- Malacca Securities values Go Hub at 35 sen NST
- G Capital aborts RM113m rights issue of RCULS Edge
- Fund with 24% returns bets on long-term Malaysian stock rally Edge Mail Star
- Jentayu short selling suspended after share price falls 26% Edge NST Star
- Hyundai India eyes record USD3.5b IPO Edge
- Hindenburg made USD4m from USD153b Adani rout Edge
- BlackRock launches stock ETF with 100% downside hedge Edge
Debt
- AEON revised to stable, proposed sukuk assigned AA2, P1 ratings RAM Edge
- Exim Bank criticised for financing Toyo’s coal power plant in Vietnam Edge Star
- TA keeps loan growth forecast at 6.1% Star
- Affin Bank plans Islamic digital asset fund Star
- South Korean crypto exchanges dispel fears of delistings Edge
- Demand for Indian bonds brings spreads down Star
Mergers and acquisitions
- Will IHH, Sunway pay RM4b for Island Hospital? Edge
- Sunway sells Johor land to Singapore’s Equalbase for RM380m Edge NST Star
- KNM explores fresh options to sell Italian unit Edge Star
- Malton buys Genting Highlands land for RM65m Edge Star
- Pecca Group hungry for more acquisitions Edge
- Accrelist completes MClean stake acquisition NST Star
- Philippine’s Jollibee buys South Korea’s Compose Coffee Edge Mail Star
- JD.com among bidders for British parcel company Evri Edge
- Major Japanese insurers to sell USD3.1b of Honda shares Edge
Projects and business
- MNO for 2nd 5G network to be selected by year-end Edge NST
- Pertama wins online ID onboarding services contract from MyDigital Edge Star
- Cangyu Space, Angkasa-X in satellite tie-up Star
- PLN’s geothermal projects fail to attract investors due to low returns Star
- Huawei, Wuhan Xinxin to develop high-bandwidth memory chips Edge
- Rivian says no plans to produce vehicles with VW Edge
- US gives Moderna USD176m for bird flu vaccine clinical trials Edge
- Trump, Dar Global to build luxury tower in Jeddah Mail
- Zoom focuses on AI, away from video conferencing Star
Economy and market news
- TA maintains RM3.8k-4k CPO price forecasts Star
- Kenanga sees positive medium-term outlook for manufacturing Star
- Vietnam’s foreign fund outlay climbs to new high in 1H Star
- Rising Chinese aluminium output pressures alumina supply Star
- BNP, SMBC forecast Japan’s economy to shrink in 2024 Edge
- South Korean inflation slows to 2.4%, 11-month low Star
- Abu Dhabi’s hedge fund island is running out of office space Edge
- Knowledge economy gives way to relationship economy Star
Legal and policies
- Ministry to review windfall tax to reflects current palm oil cost NST
- EV battery management guidelines launched for industry self-regulation NST
- Singapore jails former fund manager for bond misconduct Edge
- Singapore aims to make it easier to prosecute money-laundering cases Edge NST
- Indonesia seeks to protect textile industry from Chinese goods Edge
- Hindenburg denies allegations on Adani short bet by SEBI Edge
- Biden revoked 8 licences for China’s Huawei in 2024 Edge
