Capital markets news | Wed 6 Nov 2024
Equity and property markets
- Ann Joo’s rights issue sees 31% oversubscription Edge
- CapitaLand raises SGD261m for Southeast Asia, India funds Edge
- Hong Kong fund Zeal closes after 15 years, return USD1.6b to clients Edge
- CVC’s FineToday to pick banks for year-end Tokyo IPO Edge
- Record foreign exodus casts a pall over India’s stock market Edge
- Goldman strategists see little chance of post-poll bear market Edge
Debt and money markets
- MTS Fibromat’s RM10m investment notes assigned R3 rating RAM
- SD Guthrie ratings affirmed MARC
- MMC’s RM2.5b sukuk programme AA- rating affirmed MARC
- Promotion of Islamic finance innovation with RM100mil budget allocation NST Star
- Singapore, Indonesia central banks extend bilateral arrangement Edge
- Sunac China debt plan to halve its USD2b local bonds Edge
- China’s local govt debt swap programme comes under review Star
- Uniper takes first steps to repay Germany for bailout Edge
Mergers and acquisitions
- HE Group’s major shareholders sell 4.54% to Bumiputera investors Edge
- Gagasan Nadi Cergas buys student hostel concession for RM185m Edge NST Star
- Paragon Union seeks shareholder nod for Metahub buy Edge
- IHH completes acquisition of Penang Island Hospital for RM3.9b Edge
- Chinese builder Kaisa puts Hong Kong HQ up for sale Edge
- Chevron weighing sale of Hong Kong gas stations business Edge
- UK regulator says USD19b Vodafone-Three tie-up likely to proceed Edge
Malaysian projects and business
- T7 wins pan-Malaysia contract from ExxonMobil Edge NST Star
- IOI allocates land in Johor for solar power plant Edge
- TCS gets RM86m construction contract from Sime Darby Edge NST Star
- Aneka Jaringan gets RM39m construction contract in Kuala Lumpur Edge NST Star
- Proton sales up 13.6% in Oct, TIV exceeds 70k units again Edge Star
- Xin Hwa’s goods vehicle operator licence suspended by APAD Edge NST Star
- Estonia-based e-hailing app Bolt to launch services in KL Mail
Malaysian economy and market news
- Malaysia’s rubber glove exports to hit new record high Edge
- Plastic manufacturers exports to rise Star
- Palm oil prices set to rally 6.3% in 2025 Edge NST
- France is Malaysia’s third largest EU trading partner NST Star
- Malaysia to adopt nuclear power as energy source NST Star
- Malaysia the fifth most connected country in Asean in 1H Edge
- Family office scheme to attract RM1.2b AUM Star
- Home purchase limits likely to hurt housing sector Star
Foreign projects and business
- Chinese group accused of hacking Singtel in telecom attacks Edge
- OpenAI in talks with regulators to become for-profit company Edge Star
- Boeing strike ends as workers accept new contract Edge Mail NST
- KPMG to lay off 4% of US audit workforce Edge
- Apollo’s assets hit USD733b with boost from wealth clients Edge
- TGI Friday’s franchises worry about USD50m in gift cards Star
- Schroders shares plunge after GBP10b outflow warning Edge French supermarket group Auchan to cut 2k jobs Edge
Foreign economy and market news
- Pivotal economic challenges for the Prabowo administration Star
- Indonesia’s 3Q GDP up 4.95% Star
- Thailand to pursue gas field talks with Cambodia Edge
- Philippines to be cautious in policy easing cycle Star
- Southeast Asia’s digital economy moderates on spending cuts Star
- China plans larger stimulus plan if Trump wins Mail
- China’s services PMI up to 52.0 in Oct from 50.3 in Sep Star
- Shanghai’s low-carbon bunkering to grow to 1m tonnes a year Star
- Taiwanese suppliers move manufacturing abroad after SpaceX’s requests Edge
- Bank of Korea welcomes slowest inflation pace since 2021 Star
- Indian economy at risk of retail small-loan defaults Star
- India’s diesel market flashes warning sign as growth softens Star
- Reserve Bank of Australia kept rates at 12-year high of 4.35% Star
- US Federal Reserve expected to cut interest rates again this week Mail
- US rejects plan for nuclear power supply for data centre Star
- Low prices, weather headline US crop producers’ concerns for 2025 Star
- UK can meet 2030 clean power target with less wind than promised Star
- UK consumer spending slows on uncertainty before budget Star
- Global GDP seen taking much bigger climate hit than first feared Edge
- Methane emissions still rising despite promises Star
Legal and policies
- LEAP Market-listed Smile-Link, MCOM to be suspended Edge
- Automotive trader to pay RM516k to Perodua over fake lubricants Edge
- Bangladesh seeks arrest of Bestinet founder in worker trafficking probe Edge
- Former Sinopec gas executive jailed for taking bribes Edge
- South Korea fines Meta USD15m over collection of user data Edge
- Super Micro faces delisting, S&P 500 removal amid auditor woes Edge
- Universal Music sues Believe over copyright infringement claims Edge
- Tax fraud investigators search Netflix offices in Paris and Amsterdam Edge
- CVC offices searched in French football deal corruption probe Edge
