Capital markets news | Tue 30 Jul 2024
Equity and property markets
- PMB proposes RM300m rights, seeks Koon brothers’ underwriting Edge Star
- Foreign funds snap 3-week buying spree, sold RM424m Edge NST Star
- Marine & General chairman exercises Jasa Merin call option Edge
- Singapore-based hedge fund Keystone assets grow to USD2.6b Edge
- China to stop publishing daily global stock flows in mid-Aug Edge
- Hedge funds post biggest retreat on bearish yen bets since 2011 Edge
- Global funding to financial services slowed down in past 5 quarters Edge
- Traders fret as banking spree hangs over markets Star
Debt and money markets
- KIP REIT’s RM240m Class A MTN assigned final AAA rating RAM
- Genting Plantations issued 10-year RM1.2b sukuk at 4.08% Edge NST Star
- BR Capital facilitates RM5m maiden issuance by City Coin Edge
- Hong Kong’s New World secures 12, 15-year CNY1.4b loans Edge
- Indian bond funds argue rates are going down Star
- Metro Bank sells residential mortgages to NatWest for USD3b Edge
- Bond traders bet large on big interest rate cuts Star
- Fed about to approve rate cut as job growth moderates Star
- US debt ceiling is haunting T-bill forecasters Star
Mergers and acquisitions
- Yong Tai selling Courtyard by Marriott Melaka for RM170m Edge
- Kelington buys remaining stake in 91%-owned industrial gas firm Edge Star
- Ekovest disposes of more land in KL via RPT Edge
- Paragon Globe buys more land in Plentong, Johor for RM35m Edge Star
- Sixth Street, Mnuchin buy insurer Enstar for USD5.1b Edge
- Vital Energy, Northern Oil and Gas buy Point Energy shale assets Star
- HP set for unconditional EU nod for USD14b Juniper deal Edge
- Climate financing needs USD3t annually Star
Projects and business
- US data centre firm Equinix invests RM23m to expand capacity Edge
- Dialog adds 150k cubic metres renewable fuel storage at Tg Langsat Edge Star
- Datasonic bags RM21m govt contract to rent out vending machines Edge
- LRT3 to be operational in 3Q2025 Edge
- China’s Cosco, Australia’s Fortescue to build green fuel supply chain Edge
- GSK, Flagship enter multibillion-dollar drug discovery deal Edge
- German antitrust body gives green light to VW-Rivian JV Edge
Economy and market news
- GDP growth to hit upper end of BNM’s forecast Edge
- Criteria to achieving a high-income nation Star
- Pet care sector up 25%, grab-and-go meals contribute RM15.6b Mail
- Establishments grew 2.5%, RM3.85t gross output Mail Star
- Malaysia’s producer price index up 1.6% in Jun Mail Star
- Sarawak records RM10.4b total approved investment in 1H2024 Mail
- China cannot be hero to economies in near term Edge
- China prepares for private sector growth Star
- US 30-year fixed-rate mortgage edges up to 6.78% Edge
- Tech jobs keep moving out of California – don’t panic yet Star
Legal and policies
- New shipping policy must reduce dependency on foreign vessels Star
- High Court overturns ruling, favours crypto platform Luno Edge
- High Court denies leave for SMI’s judicial review against SC Edge
- Bursa penalises Ong Kai Boon for manipulative trading in 11 counters Edge Mail NST Star
- Indonesia plans to revise palm oil domestic market rules Edge
- China unveils rules to strengthen supervision of payment platforms Star
- Country Garden liquidation hearing adjourned to Jan Edge
- US machine maker files bankruptcy, blames Chinese regulators Edge
