Capital markets news | Tue 10 Sep 2024
Equity and property markets
- 99 Speed Mart rises 14% on Bursa debut Edge Mail NST Star
- Steel Hawk’s LEAP to ACE transfer on Thu Edge
- KK Mart revisits IPO plan Edge
- OCR’s rights issue rewards shareholders with 60% margin NST
- Foreign investors net buy RM798.3m Malaysian equities Edge Mail NST Star
- Midea starts taking investor orders for USD3.5b Hong Kong IPO Edge
- Hedge funds flock to Japan as market heats up Edge NST
- Risk-on momentum in US stocks gives way to growth worries Edge Star
- Equity traders more leery of US job figures Star
- Turkiye’s IPOs add concerns about demand Star
Mergers and acquisitions
- JAKS sells Penang oil palm land for RM77.7m Edge
- Radiant Globaltech buys 80% of HR IT solutions provider Rymnet Edge Star
- Couche-Tard asks Seven & i for talks after USD38.5b offer rejected Edge NST
- Seven & i reply shows new M&A era has arrived Star
- The past’s dead hand weighs on US Steel buyout Star
- Nippon Steel’s US setback a wake-up for Japan Inc’s foreign forays Star
Projects and business
- Eversendai wins RM1.1b jobs in India, Singapore and Saudi Arabia Edge NST Star
- Jati Tinggi bags 2 contracts worth RM36m to lay underground cables Edge NST Star
- Kelington gets RM413m new contracts in past 2 months Edge Star
- Binastra gets RM574m construction job from Exsim Jalil Edge NST Star
- Kelington adds RM413m of jobs since Jul NST
- Nova MSC bags RM7.13m Brunei diabetic retinopathy screening contract Star
- Dialog talking to offtakers for Pengerang deepwater terminals phase 3 NST
- Suria Capital, DP World jointly operate Sapangar Bay container port Edge
- Proton starts CKD in Egypt as North African export hub Edge Star
- Panasonic prepares for high-capacity EV battery production Edge
- Amazon’s Audible to start generating AI voice replicas Edge
- HSBC mulls combining commercial, investment bank to cut costs Edge
- Mol reaches Russia crude supply deal after Ukraine’s Lukoil halt Edge
- Petrobras considers USD800m investment in fertiliser Star
- Rio Tinto, China firms keen on Guinea iron ore assets Star
Economy and market news
- Wholesale, retail trade sales up 6.7% to RM149b in Jul Star
- Selangor PPP projects contribute RM71b private investment Edge
- Govt targets RM78b private investment by 2030 from PPP projects Edge Star
- Malaysia is stepping up its game in semiconductor industry Star
- Malaysia’s property sales up 23.8% to RM105b in 1H Edge NST
- Short-term rates remain stable on BNM operations Mail
- Labour force size up 0.1% in Jul NST
- China’s inflation rate peaks at 6-month high in Aug Mail NST Star
- Energy transition drags China’s oil demand growth Star
- China’s LNG imports may suffer as caverns are filled to the brim Star
- Japan’s companies sour on China after years of brushing off risk Edge
- India better off inside trade deals than out Star
- No red lights flashing as US makes soft landing Star
- BOE peers over gilt-market chasm pivotal for Reeves’ UK budget Star
- Trafigura says oil set for USD60 Edge NST
