Capital markets news | Tue 15 Oct 2024
Equity and property markets
- Sorento valued by TA Securities at 14% above IPO price Edge Star
- Cropmate’s ACE Market IPO underwritten by Hong Leong Edge Star
- Melaka-based SPB Development files for Main Market IPO Edge NST
- Sarawak tower firm Reach Ten files for Main Market IPO Edge NST
- Fibromat files for IPO under listing transfer to ACE Market Edge
- Foreign investors net sold RM 45.7m equities, 3rd straight week Edge NST Star
- Hyundai India starts USD3.3b IPO in largest-ever share sale Edge Star
- Tokyo Metro’s IPO to raise USD2.3b in Japan’s biggest in 6 years Edge
- Possible IPO for Virgin Australia Edge
Debt and money markets
- Brighton LECA1 rating affirmed RAM
- JB Cocoa’s A+ rating affirmed, negative outlook maintained MARC
- Pengerang petrochemical plant gets USD690m US Exim bank loan Edge
- Teraju allocates RM100m Islamic working capital financing NST
- UOB pledges RM1b financing for Petronas suppliers Star
- OCBC offers energy calculation tool for green loans Star
- Global executives seek protection from election-fuelled FX swings Edge
- 26 poorest countries more in debt than since 2006 Mail NST
Mergers and acquisitions
- BCB buys 54.7ac Kluang land for RM31m Edge Star
- BRDB buys Selangor Properties’ prime Jalan Semantan land Edge
- Fajarbaru buys 95.4ha Batu Kawan land from PDC for RM111m Edge NST Star
- Capital A shareholders approve aviation disposal to AirAsia X Edge NST Star
- Federal govt incurred RM112.5m loss on Astronautic share disposal Edge
- Kuchai turns cash company after disposal to Sungei Bagan Edge
- Hibiscus completes USD259m acquisition of 37.5% of Brunei gas field Edge
- Singapore blocks USD1.7b Allianz-Income Insurance deal Edge NST Star
- TPG Telecom agrees to sell assets to Vocus Star
- European regulators signal backing for Commerzbank deal Edge
- France considering stake in Sanofi unit being sold to CD&R Edge
Projects and business
- EA Technique tenders for Nautika Tembikai FSO Edge NST Star
- Pan Malaysia gets RM47m office development job Edge Star
- Critical bags RM62.5m contract from IJM Edge Star
- Tanco, Negri Sembilan to develop 574.73ac industrial park Edge NST
- TSMC plans more chip plants in Europe, Taiwan Edge Star
- Algeria plans USD5.4b desalination plant investment Star
Malaysian economy and market news
- Malaysia’s healthcare market set to hit USD48.41b by 2028 Mail
- Malaysia in FTA talks with EU, to boost intra-Asean trade NST Star
- Wider scope for SST, 2 new taxes likely in Budget 2025 NST
- Implementation of global minimum tax in Budget 2025 Edge
- Govt needs to increase revenue Star
- 63.5% of Malaysian youths face skill-related underemployment NST
- Malaysia’s economy will grow more than 4-5% NST
Foreign economy and market news
- Singapore GDP grows 4.1% in 3Q NST Star
- Singapore keeps monetary policy unchanged Star
- Goldman Sachs raises China’s GDP forecast to 4.9% in 2024 Star
- China’s export growth slows to 2.4% in Sep Mail NST
- Hong Kong retail slump claims supermarket chain Uselect Mail
- South Korea tech exports slow for 2nd month in risk to growth Edge
- Indian conglomerates to spend USD800b in 10 years Edge
- UK pledges regulatory overhaul in bid to lure wary investors Edge
- UK to ease bank ring-fencing rules soon Edge
- UK considering tax hikes on gaming industry Edge
- Opec cuts global oil demand growth for 3rd straight month Edge
