The Bank of Russia unexpectedly maintained its key interest rate at a record-high 21% , defying analysts’ expectations of another significant hike as inflation remains stubbornly elevated. The decision marks a shift toward a more measured approach in balancing economic growth and price stability. Key Details Inflation Concerns: Annual inflation climbed to 8.9% in November, well above the central bank’s 4% target , with inflation expectations reaching 13.9% in December. Policy Rationale: The central bank cited the significant tightening of monetary conditions after October’s 200-basis point hike as sufficient to resume disinflationary processes. Governor Elvira Nabiullina emphasized avoiding both economic overheating and severe slowdowns. Economic Overheating: Elevated government spending on the war in Ukraine and social programs, coupled with labor shortages and rising wages, have fueled strong domestic demand, exacerbating price pressures...
As 2024 concludes, Malaysia’s IPO market has experienced its most vibrant year in over a decade. With 55 companies going public, marking a 71% increase compared to 2023, Bursa Malaysia has cemented itself as a top destination for investors seeking high returns.
Key Highlights from 2024 IPOs
1. Record Number of Listings
- Total IPOs: 55, the highest since 2009.
- ACE Market Dominance: 40 IPOs, the most since the market's inception.
- Main and ACE Market Combined: 51 IPOs, with 46 companies posting gains on their first trading day, resulting in a 90% success rate for investors.
2. Top Performers
- UUE Holdings Bhd ($UUE 0310.MY$):
- First-day gain: +189.6% (largest IPO surge of the year).
- Sector: Underground utility construction and pipeline solutions.
- Ocean Fresh Berhad ($OFB 0312.MY$):
- First-day gain: +170% (frozen seafood processor, exporter, wholesaler, and retailer).
- Go Hub Capital Bhd ($GOHUB 0311.MY$):
- First-day gain: +170% (specializing in corporate IT solutions, particularly for the railway sector).
3. Post-IPO Performance Leaders
- Go Hub Capital Bhd:
- Year-to-date gain: +282.9%.
- UUE Holdings Bhd:
- Year-to-date gain: +243.8%.
- MTEC ($MTEC 0295.MY$):
- Year-to-date gain: +215.4% (focused on power cable manufacturing and sales).
Why 2024 Was a Breakout Year for IPOs
- Positive Economic Momentum:
- Political stability and robust economic growth attracted foreign investors.
- High Oversubscriptions:
- Strong foreign interest boosted valuations and listing performance.
- Sector Diversity:
- From utility solutions to frozen seafood, the IPOs showcased diverse industries with strong market demand.
Comments
Post a Comment