Malaysia’s corporate landscape saw a mix of fundraising activities, renewable energy expansion, IPO enthusiasm and balance sheet restructuring dominate headlines, reflecting continued investor appetite for growth and defensive sectors despite broader market caution. Tenaga Advances Renewable Energy Push KL: TENAGA strengthened its renewable energy ambitions after its subsidiary issued RM1.05 billion in Asean Green SRI Sukuk to finance a 500MW solar photovoltaic project in Kedah . The issuance highlights increasing institutional support for green financing and reinforces Tenaga’s long-term transition towards cleaner energy infrastructure. Investors may view the move positively as ESG-linked investments continue gaining traction across regional markets. Mr DIY Expands Funding Flexibility KL: MRDIY raised RM540 million via its maiden bond issuance , with proceeds earmarked for refinancing, working capital and expansion plans. The ...
KUALA LUMPUR (Aug 3): The FBM KLCI ended 1.96 points or 0.11% higher on bargain hunting and as investors evaluated changes in corporate Malaysia amid heightened US-China trade war concerns.
At 5pm, the KLCI closed at 1,780.09 points after falling to its intraday low at 1,773.89 points as the US-China trade war intensified. Reuters reported that investors also remain cautious ahead of the July US jobs report due later on Friday, which will give a reading on the health of the world's largest economy and possible clues about the pace of Federal Reserve interest rate rises.
In Malaysia, a senior fund manager with a foreign investment bank told theedgemarkets.com: “Investors are looking for clues as they absorb the latest changes in the local corporate scene.”
The fund manager might be referring to Malaysia corporate news including Khazanah Nasional Bhd's announcement today on the appointment of Datuk Shahril Ridza Ridzuan as managing director. Khazanah said Shahril is scheduled to report for duty as managing director on Aug 20, 2018.
Across Bursa Malaysia today, 1.85 billion shares worth RM1.58 billion changed hands. Top gainers included United Plantations Bhd and Malaysia Airports Holdings Bhd.
Leading decliners included Telekom Malaysia Bhd and Yong Tai Bhd.
Source: The Edge

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