Capital markets executive summary | Wed 3 May 2023

Capital markets executive summary | Wed 3 May 2023 Mulpha’s Australian unit secures AUD160m green construction facility Mulpha Norwest Quarter Development Pty Ltd accepted the syndicated facility from Australia and New Zealand Banking Group Ltd and Clean Energy Finance Corporation. The facility will be used to finance the construction of Stage 1 of Norwest Quarter…

Capital markets executive summary | Tue 2 May 2023

Capital markets executive summary | Tue 2 May 2023 PGF Capital net profit up 700% The insulation products manufacturer recorded net profit of RM16.4m in the financial year ended 28 Feb 2023 compared to RM1.9m the prior year. This included a RM10.7m reversal of impairment on development properties offset by RM3m elimination of unrealised profit…

Capital markets executive summary | Fri 28 Apr 2023

Capital markets executive summary | Fri 28 Apr 2023 Boost considers up to USD100m fundraising round Boost Holdings Sdn Bhd – a unit of Axiata Group Berhad, Malaysia’s biggest wireless firm by revenue – has engaged a financial adviser. The fundraising is expected to raise USD50m-USD100m (RM223m-RM446m) thereby giving the start-up a valuation of several…

Capital markets executive summary | Wed 26 Apr 2023

Capital markets executive summary | Wed 26 Apr 2023 Tokio Marine plans USD1b sale of Southeast Asian business The Tokyo-listed insurer was founded in 1879 and now offers life and non-life insurance in 47 countries. Its international business contributes 54% to profits. In Asia, it runs 8 property and casualty insurance companies and 5 life…

Capital markets executive summary | Tue 25 Apr 2023

Capital markets executive summary | Tue 25 Apr 2023 MKH Oil Palm to offer 250.7m shares in IPO PT Maju Kalimantan Hadapan (PT MKH) and PT Sawit Prima Sakti (PT SPS) – subsidiaries of MKH Oil Palm (East Kalimantan) Bhd (MKH Oil Palm) own 18,205 hectares in Kutai Kartanegara, East Kalimantan, Indonesia. The shares represent…

Capital markets executive summary | Thu 20 Apr 2023

Capital markets executive summary | Thu 20 Apr 2023 Cahya Mata Sarawak’s outlook revised to positive While RAM Ratings affirmed the company’s AA3 and P1 corporate credit ratings, the outlook was raised from stable to positive due to improving business and financial profiles. In particular, the new phosphates manufacturing division started commissioning production and would…

Capital markets executive summary | Tue 18 Apr 2023

Capital markets executive summary | Tue 18 Apr 2023 CIMB, Maybank and RHB underwrite DXN IPO Health and wellness product supplier DXN Holdings Berhad will be re-listed in 2Q2023. It signed an underwriting agreement with the banks for the retail offering of 160m shares or 3.2% of the enlarged shares. 60m shares are reserved for…

Executive summary for capital markets news | Mon 17 Apr 2023

Executive Summary for Capital Markets News | Mon 17 Apr 2023 Fajarbaru in logging agreement with Yayasan Pahang for 8,821 acres The group’s logging and timber trading segment is one of its most profitable. It contributed profit before tax of RM19m in the last 4 quarters compared to the group’s RM14m, even though it accounted…