Capital markets news | Thu 10 Oct 2024
Equity and property markets
- Crest ends flat at 35 sen on ACE Market debut Edge Star
- ACE Market-bound 3REN to raise RM30.8m at 28 sen Edge Star
- MMC Port weighing biggest Malaysian IPO in over a decade Edge Star
- Leader Energy gets USD100m investment from China PE fund Edge Star
- Once loved, Southeast Asian unicorns fight waning interest Star
- Wall Street’s SPAC machine picks up despite odd lack of IPOs Edge
- KKR spars with DOJ over deal reviews in bad omen for PE firms Edge
- Greek stocks eyeing developed-market status by FTSE Russell Edge
Debt and money markets
- IGB REIT’s RM1.2b 2nd tranche MTN AAA rating affirmed RAM
- RCE’s Zamarad Tranche 10 sukuk assigned preliminary ratings RAM
- Gabungan AQRS sukuk programme A, MARC-1 ratings affirmed MARC
- Moody’s sees higher sukuk issuance in Malaysia in 2H Edge Star
- Government sukuk issuance to improve in 2H NST
- Labuan’s AIX launches digital asset platform Edge
- South Korea joins FTSE Russell index after bond market reforms Edge Star
- Blackstone provides USD600m private credit loan to Acuity Edge
- FTX creditors emerge as possible fillip for ailing crypto market Edge
- Ongoing strike puts Boeing at risk of junk rating by S&P Edge
- Thames Water bondholders sign NDAs amid firm’s debt talks Star
Mergers and acquisitions
- Public Bank could take over LPI Edge NST Star
- Tropicana sells Johor land to data centre operator for RM240m Edge Star
- Ecomate to acquire Muar factory for RM7m Edge
- Souqa Fintech mulls suing HeiTech over aborted stake buy Edge NST
- Guan Chong in talks to buy 25% of Ivory Coast cocoa firm Edge Star
- Couche-Tard suggested higher price of USD47b for Seven & I Edge Mail
- KKR-owned BMC to split into 2 private software companies Edge
- Rio Tinto buys Arcadium in all-cash deal at USD6.7b value Edge
Projects and business
- LBS Bina awards RM104m solar farm construction to Solarvest Edge NST Star
- ECRL project on schedule, 72.93% completed Edge
- Kitacon bags RM64m housing works project from SP Setia Edge NST Star
- OCBC to stop Russia-linked transactions to cut risk Edge
- Bank of Singapore sees rising non-dom flows from UK to Singapore Edge
- OpenAI starts hiring in Singapore for 2nd office in Asia Edge
- Higher biodiesel mandates in Indonesia to curb palm oil supplies NST
- Indonesia launches USD200m LFP cathode facility for EV batteries Edge
- Boeing halts talks, withdraws pay offer to union as strike drags on Edge
- Brazil’s Bioenergia invests USD83m in Brazil’s carbon capture project Star
Malaysian economy and market news
- Govt considers ending egg subsidy Edge Star
- Rise of fintech, AI require clear, strong governance framework Edge
- Positive trends in CEO confidence index Edge
- No new coal power plants in Malaysia Edge
- Powering the digital future with green energy Star
- Chip sector upcycle intact Star
- Tax incentives to attract more foreign investments Star
Foreign economy and market news
- State-owned Vietnamese banks struggle to increase capital Star
- Vietnam to start trial carbon credit market soon Star
- China disappoints with only USD28b stimulus in 2025 Edge
- China’s logistics performance index up 0.9pts to 52.4% in Sep Star
- South Korea’s financial sector spent KRW2.4t on entertainment Mail
- BOJ’s next hike likely in Jan Star
- RBNZ cuts official cash rate by 0.5% to 4.75% Star
- US Fed VC says inflation, employment balanced Star
- US crude production growth slower at 2.4% in 2025 Star
- Eurozone fears slower growth if Trump wins Star
- Bundesbank sees German economy contracting in 2024 Star
- Natural gas supply not keeping up with global demand Edge
- Emissions trend likely to reverse in 2025 Star
- Renewable energy to fall short of UN goal to triple by 2030 Star