Malaysia Economic News

[weijian]

TRX (Tun Razak Exchange) just opened this year and now Merdeka 118 will be opening soon. So, 3 former Msian PMs will have a skyscraper to represent them - Petronas (Tun M), TRX (Tun Razak) and Merdeka 118 (Tunku Abdul Rahman). I wonder if Hussein Oon is next in the plans?

World’s second-tallest tower tests Malaysia’s appetite for more skyscrapers

According to Permodalan Nasional Bhd., the government-linked investment firm behind Merdeka 118, the building was meant to put the company on the world map and create a new national symbol. When Merdeka 118 was announced during the prime ministership of Najib Razak in 2010, some saw it as a way for the leader to one-up Mahathir.

https://www.businesstimes.com.sg/interna...kyscrapers

[weijian]

When I first started to look at Bursa Malaysia stocks, I was surprised to find many of them had Gov-Linked Capital in the Top20 shareholder list. Msian GLCs' ownership of local stocks were criticized (and rightfully so) to be at the extreme of too much local stocks ownership and too little foreign stocks.

In Spore context, Temasek holds all the listed stakes of SGX-listed companis from various "mission critical sectors" before they were privatized by the Gov. While they have invested in a few (eg. Nanofilm, AEM Holdings) outside of Gov control, but it is still generally rare.

So, Spore SWFs could probably learn a bit from Msia, and vice versa I suppose?

Malaysian bourse eyes value-boosting plans to lure stock traders

Bursa Malaysia Bhd is considering a formalised framework where companies may be given targets on metrics such as price-to-earnings ratio, return on equity and free float, its CEO, Muhamad Umar Swift, said in an interview.

Malaysia is among a growing number of countries in Asia – including Japan, South Korea and China – looking to drive shareholder returns through corporate reforms and lift depressed valuations in efforts to attract more foreigners.

Bursa Malaysia is targeting 50 initial public offerings in 2025 compared with 42 this year, Umar said. There is a healthy pipeline of listings going into next year, including some large ones in the healthcare and telecom sectors, he said.

https://www.freemalaysiatoday.com/catego...k-traders/