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Local IPO mart may see bigger deals in 2H
by hlk Wed 19 Feb 2014, 20:10
The second half of the year may see even bigger deals compared to 2012 in respect of Malaysia's initial public offering(IPO) market.
Steven R Clayton, chief executive officer and Senior Country Officer of J.P. Morgan for Malaysia said the IPO market is expected to see more activities in the second half of this year, after staying quiet in 2013.
"There were only a handful of large IPOs that dominated the Malaysian market.
"The deals that are forthcoming will be similar or larger in size compared to the big IPOs of 2012, such as the Felda Global Ventures," he told a media briefing in Kuala Lumpur today.
Clayton said there will be continued interest from foreigners, with investors looking to buy up stakes in Malaysian companies.
This, he added, is also in view of the positive foreign sentiment for the Malaysian market in the second half of the year on the back of a strong ratings outlook.
"This is premised on the government continuing its policies as
announced in the last Budget.
"If the government does what it announced in the last budget, such as the subsidy cuts implemented to date, that would be good for the ratings outlook," Clayton said.-- Bernama
Read more: Local IPO mart may see bigger deals in 2H [You must be registered and logged in to see this link.]
Steven R Clayton, chief executive officer and Senior Country Officer of J.P. Morgan for Malaysia said the IPO market is expected to see more activities in the second half of this year, after staying quiet in 2013.
"There were only a handful of large IPOs that dominated the Malaysian market.
"The deals that are forthcoming will be similar or larger in size compared to the big IPOs of 2012, such as the Felda Global Ventures," he told a media briefing in Kuala Lumpur today.
Clayton said there will be continued interest from foreigners, with investors looking to buy up stakes in Malaysian companies.
This, he added, is also in view of the positive foreign sentiment for the Malaysian market in the second half of the year on the back of a strong ratings outlook.
"This is premised on the government continuing its policies as
announced in the last Budget.
"If the government does what it announced in the last budget, such as the subsidy cuts implemented to date, that would be good for the ratings outlook," Clayton said.-- Bernama
Read more: Local IPO mart may see bigger deals in 2H [You must be registered and logged in to see this link.]
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