Here's what we have for the week

Merger in Malaysia Banks, IMU sold for US$ 300 million, A new deal for Klang Valley Highway concession

Significant Event

  • Private equity firm TPG Capital Asia is nearing an agreement to buy IHH Healthcare Bhd’s medical education arm in a deal valued at about US$300 million
  • Bank Negara has given the green light for PNB and MBSB to commence negotiations with regard to the acquisition of MIDF.
  • LTKM Bhd has proposed to sell its existing chicken egg production business to become an electronic manufacturing services (EMS) provider via a series of corporate actions. Meanwhile, LTKM proposed to undertake a proposed special dividend cum capital repayment of RM1.11 per share


Real Estate Industry
 

  • Kah Motor Company Sdn Bhd recently acquired a small piece of land located at Kawasan Perusahaan Chan Sow Lin for RM 19.9 million. The transacted price per sqft is RM 501.70 despite the lease is expiring on 30 Jan 2046.
  • Jentayu Sustainable Group, formerly known as Ipmuda Berhad, is disposing of a leasehold industrial land located at Section 51, Petaling Jaya for RM 229 per sqft.


Infrastructure/Logistics

  • Companies operating 4 highways located in the Klang Valley have received offers from Amanat Lebuhraya Rakyat Bhd.


Cash Call/ Debt restructuring

  • Central Global Bhd had proposed the issuance of one-for-two free warrants paired with a private placement exercise of up to 39.24 million shares to raise between RM29.67 million and RM33.36 million from the cash call.


Company Expansion Plan/ Capex Plan

  • SATS Ltd, a Singapore airport service provider is spending S$ 150 million to build a good hub in Jurong Innovation District.
  • Samudera Shipping Line Ltd is expanding its fleet and presence via acquisitions.



Users can filter the companies' activities via industry or nature of activities via using our tool for Malaysia companies and Singapore companies via the link.
Users can get access all the major transactions of offices, lands, and factories in Malaysia via this tool.

Daily Insights

  • Malaysia Steel prices seem to have resumed their uptrend after consolidating for a few months. Is it time to look at Malaysia steel counter? (Read Full Story)
  • It's time to look at U.S.-listed Chinese equities on easing fears about potential delistings after Beijing moved toward meeting audit disclosure requirements. (Read Full Story)
  • Overview Malaysia Hospital Operators and valuation of recent transactions. (Read Full Story
  • Why is Malaysia not building a fully underground metro line? We think an outdated National Land Code (Underground Land) is the reason behind it. (Read Full Story)


News we are reading

  • Gotrade, a Malaysia-based investing app, has raised US$15.5 million. The company is rolling out its services in Indonesia, allowing users to invest as little as US$1 in US stocks on its commission-free platform. (Tech in Asia)
  • Britain's first permanent naval presence in the Indo-Pacific region since 1971 (The Star)
  • Taiwan will move away from a zero-COVID policy. The decision leaves China - and its financial hub Hong Kong - as the only major economy still sticking to the strategy. (CNA)
  • Warren Buffett's Berkshire Hathaway has taken up a double-digit stake in PC and print biz HP Inc. (Reuters)
  • Canada has proposed a two-year ban on some foreigners buying homes. Countries such as the UK or Australia could see their real estate market as a beneficiary of this move. (BBC)
  • African swine fever (ASF) has been detected in Perak, Pahang, and Negeri Sembilan.  Local poultry players could see an uptick in demand as consumers switch from pork to chicken. (The Star)
  • EU and Japan are banning coal imports from Russia. This could mean higher export from Indonesia and Australia coal producers. (Fortune)
  • Australian gas producer Woodside Petroleum Ltd's agreed merger with BHP Group's petroleum arm. (Reuters)




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