Malaysia's new listings hit record US$7.3b
Malaysia's 2012 initial public offering (IPO) tally so far rose to about US$7.3 billion (RM22.3 billion), accounting for nearly one-quarter of all new listings in the Asia-Pacific.
It was also a record for the country's stock exchange in raising fresh money for new share sale, surpassing the US$6.9 billion (RM21.07 billion) raised in 2010.
Bursa Malaysia is now ranked fourth globally behind Nasdaq, the New York Stock Exchange and Tokyo First Section, by proceeds raised, according to data compiled by the Thomson Reuters Investment Banking Scorecard.
The Thomson report added that CIMB Group Sdn Bhd leads the IPO underwriting ranking here with proceeds of US$1.4 billion (RM4.3 billion) or a 20.1 per cent share of the underwriting market.
This was followed by Deutsche Bank and Maybank Bhd, each with 12.2 per cent share of the market this year.
This is also the first time in decades that Malaysia has brushed aside Hong Kong and Singapore as the choice destination for IPOs.
The Malaysian stock market, which in the mid-1990s had a market capitalisation of US$200 billion (RM610.8 billion), was the third largest stock market in the Asia-Pacific region after those in Tokyo and Hong Kong.
Over the past couple of years, it seems to have lost its way, but Malaysia is now fast regaining its position as one of the Asian tigers.
Just this week, Anthony Cragg, the managing director and senior portfolio manager of Wells Capital Management, said Malaysia with its political stability, economic resilience and well-rounded progress, is very much one of the Asian tigers.
So fierce was the Malaysian tiger that in the 2000 Asian Development Bank's Asian Development Review, it was reported that in the mid-1990s there were days when the turnover here was higher than that in New York.
With Astro Malaysia's relisting, Malaysia's prospects seem to be shining once again.
Astro's listing will be the third mega IPO in Malaysia this year, following the successful listing of Felda Global Ventures Holdings Bhd (FGV) in June, and that of IHH Healthcare Bhd a month latter.
FGV's IPO, the world's second largest IPO this year, raised some US$3.3 billion (RM10.1 billion), while IHH raised slightly over US$2 billion (RM6.1 billion) from its IPO.
Despite investors' muted response to global IPOs such as Facebook Inc's US$16 billion (RM48.9 billion) share sale, Malaysian listings are seen as prized assets.
The rush for Malaysian IPOs are not expected to end anytime soon, with more billion-ringgit deals said to be on the way.
The notable deals said to be on the table are that of Westports Malaysia Sdn Bhd, which plans to raise US$1 billion (RM3.1 billion) this year, and independent power producer Malakoff Corp Bhd, which is expected to hit the IPO trail next year, with a planned US$1 billion share sale.
It was also a record for the country's stock exchange in raising fresh money for new share sale, surpassing the US$6.9 billion (RM21.07 billion) raised in 2010.
Bursa Malaysia is now ranked fourth globally behind Nasdaq, the New York Stock Exchange and Tokyo First Section, by proceeds raised, according to data compiled by the Thomson Reuters Investment Banking Scorecard.
The Thomson report added that CIMB Group Sdn Bhd leads the IPO underwriting ranking here with proceeds of US$1.4 billion (RM4.3 billion) or a 20.1 per cent share of the underwriting market.
This was followed by Deutsche Bank and Maybank Bhd, each with 12.2 per cent share of the market this year.
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The Malaysian stock market, which in the mid-1990s had a market capitalisation of US$200 billion (RM610.8 billion), was the third largest stock market in the Asia-Pacific region after those in Tokyo and Hong Kong.
Over the past couple of years, it seems to have lost its way, but Malaysia is now fast regaining its position as one of the Asian tigers.
Just this week, Anthony Cragg, the managing director and senior portfolio manager of Wells Capital Management, said Malaysia with its political stability, economic resilience and well-rounded progress, is very much one of the Asian tigers.
So fierce was the Malaysian tiger that in the 2000 Asian Development Bank's Asian Development Review, it was reported that in the mid-1990s there were days when the turnover here was higher than that in New York.
With Astro Malaysia's relisting, Malaysia's prospects seem to be shining once again.
Astro's listing will be the third mega IPO in Malaysia this year, following the successful listing of Felda Global Ventures Holdings Bhd (FGV) in June, and that of IHH Healthcare Bhd a month latter.
FGV's IPO, the world's second largest IPO this year, raised some US$3.3 billion (RM10.1 billion), while IHH raised slightly over US$2 billion (RM6.1 billion) from its IPO.
Despite investors' muted response to global IPOs such as Facebook Inc's US$16 billion (RM48.9 billion) share sale, Malaysian listings are seen as prized assets.
The rush for Malaysian IPOs are not expected to end anytime soon, with more billion-ringgit deals said to be on the way.
The notable deals said to be on the table are that of Westports Malaysia Sdn Bhd, which plans to raise US$1 billion (RM3.1 billion) this year, and independent power producer Malakoff Corp Bhd, which is expected to hit the IPO trail next year, with a planned US$1 billion share sale.
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