Significant Event
·
The
Malaysian government is looking at the possibility of introducing carbon
pricing solely for the iron and steel sector.
·
IHH Healthcare,
Malaysia's largest private hospital operator, is exploring the feasibility of
outcome-based payment models.
·
The
yield on Malaysia's 30-year bond is sinking to a 1-year low at 4.141%, while
the yield on Malaysia's 1-year bond has risen to a 1-year high at 3.3%.
Usually, rising short-term bond yields coupled with falling long-term bond
yields can serve as a warning signal of potential economic difficulties ahead.
Real Estate Industry
- Paragon Globe Bhd is selling more land located in Plentong, Johor
Bahru, to Bridge Data Centres Malaysia IV Sdn Bhd.
Cash Call/ Debt
restructuring/Restructuring/Proposed Listing
·
PMB
Technology Bhd, a company with an annual capacity of 108,000 MT of silicon, is
undertaking a rights issue of up to 266.78 million new ordinary shares on the
basis of six rights shares for every one existing ordinary share held to raise
around RM300 million.
· WCT Holdings Bhd, the operator of KLIA 2 and Paradigm Mall, is raising up to RM163.06 million via a private placement of shares to third-party independent investors.
Company Expansion Plan/ Capex Plan
·
Dialog
Group, the operator of Pengerang Deepwater Terminals, is adding 150,000 cubic
metres of storage for renewable and petroleum products at its Terminal Langsat
3 (DTL3) in Tanjung Langsat, Johor.
News we are reading
Malaysia's recent removal of subsidies has
significantly increased costs for construction companies due to the higher
expenses associated with operating heavy machinery. Now, the government is
proposing a carbon tax on steel, which will further escalate construction
costs. Consequently, construction expenses are expected to rise, leading to
higher real estate prices.