Capital markets news | Tue 1 Oct 2024
Equity and property markets
- Crest’s ACE Market IPO oversubscribed 74 times Edge Star
- Telecom infrastructure group OMS to revisit IPO Edge NST Star
- OCR raises RM47m from rights issue NST Star
- Foreign investors net sold RM527m equities Edge NST Star
- Top performing Malaysian fund switches to consumer stocks Edge Star
- Singapore’s IPO market looks to REITs for lifeline Edge
- Abu Dhabi hotel catering unit in IPO rush Star
- SoftBank to invest USD500m in OpenAI Edge
- The hedge fund betting Fed cuts can’t revive green bets Edge Star
Debt and money markets
- AME Elite’s sukuk programmes assigned AA3(s), P1(s) ratings RAM Edge
- SEP Resources fully redeems Islamic MTNs RAM
- Dar Al Arkan’s corporate ratings withdrawn RAM
- RHB Bank’s RM10b multi-currency programme assigned ratings RAM Edge
- Kuwait’s AAA sovereign credit rating affirmed MARC
- AmBank grants RM193m financing for Senibong Cove project Edge Star
- Hong Leong issues RM500m green senior MTNs Edge Star
- Zecon gets RM852m financing from BPMB for children’s hospital Edge
- Malaysia’s gross loan growth moderates to 5.3% in Aug Edge
- Malaysian banks’ NIM likely to do better in 2025 Edge
- Indonesia launches central counterparty clearing house Edge
- Apollo took over 50% of Deutsche Bank’s USD3b debt SRT Edge
Mergers and acquisitions
- 5 banks keen on KFH’s retail portfolio Edge
- Epicon acquires concrete firm for RM25m Star
- Solid Automotive buys Selangor land for RM18.91m Star
- Cross-border M&As recover in Asia as dealmakers look abroad Edge
- Hess CEO disqualified from Chevron board over Opec communication Edge
- Brookfield asked for more time for Grifols due diligence Edge
- REA gives up takeover of UK property portal Rightmove Edge
- Deutsche Bahn labour union to vote against Schenker sale Star
- Greece to sell 10% of National Bank for EUR727m Edge
Projects and business
- Jati Tinggi gets RM50.87m Cyberjaya underground cable installation Edge Star
- Samaiden gets RM52m Sungai Petani solar power plant contract Edge NST Star
- Critical wins RM82m contract from US-based multinational company Edge Star
- TCS gets RM117m construction contract from SP Setia Edge Star
- Aizo wins RM14.55m infrastructure job in Selangor NST Star
- Specialty glass maker Schott builds new factory in Kedah Edge
- Kawan Food to close China plant due to US tariff impact Edge
- Google to spend USD1b in Thailand on AI Edge
- Ford most at risk from China exposure among 250 American firms Edge
- ByteDance to develop AI model trained with Huawei chips Edge
Economy and market news
- Expansionary budget needed to bolster growth Edge
- BMI sees fiscal deficit below 4% in 2025 Star
- Need for skilled workforce to support high-tech goals Edge
- Malaysia at risk of missing govt revenue target this year Edge
- Malaysia’s official reserve assets at USD116.77b NST Star
- BNM likely to keep OPR at 3% until 2026 NST
- Johor to drive growth Star
- Foreign firms wary of more red tape from Jakarta Star
- Strong Thai baht hitting exporters and tourism Edge
- Economic rise makes China a key driver of global growth Star
- Chip hub Taiwan to see another power price hike from Oct Edge
- South Korea’s chip stockpiles shrink at fastest pace since 2009 Edge
- Australia’s records AUD15.8b fiscal surplus Star
Legal and policies
- National climate change policy for transition to low-carbon economy Edge
- Green bonds, tax rebates will help telco firms move into RE Edge
- Former Singapore oil mogul to pay liquidators, HSBC USD3.6b Edge
- US to unveil solar tariffs decisions on Southeast Asian nations Edge
- US East Coast port strike to start today Edge
- Epic Games accuses Samsung, Google of scheme to block app rivals Edge
- California governor vetoes contentious AI safety bill Edge
