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By Kuala Lumpur Newsroom
Nikkei Markets
KUALA LUMPUR (Dec 29) — Here’s a roundup of latest news from Malaysia so far on Friday:
*UPDATE: China Drives Asia’s Record International Bond Issuances For 2017 – Dealogic
Bond issuers in Asian countries outside of Japan raised a record $438.93 billion through notes issued in U.S. dollars, Japanese yen and euros this year, up nearly 40% from the year ago, according to markets data provider Dealogic.
*MARKET BUZZ: Malaysia’s Versatile Rebounds 3.1% On E-Concept Store Opening
Versatile Creative +3.1% at MYR0.66, rebounds from 20-month low yesterday, on opening of IRISPAY station E-Concept Stores.
*Malaysia’s Cahya Mata Sarawak Group MD Richard Alexander John Curtis Retires
Cahya Mata Sarawak, a Malaysian construction and building materials firm, said Friday its group managing director Richard Alexander John Curtis will retire, effective from December 31.
*C-Mer Eye Care Expects To Raise Up To $73 Million In Hong Kong IPO
C-Mer Eye Care Holdings said on Friday it expects to raise up to HK$571.3 million ($73 million) in gross proceeds from an initial public offering in Hong Kong.
*Rosedale Hotel To Buy Resort Property For CNY280 Million
Rosedale Hotel Holdings said Friday it has entered into an agreement to buy Guangdong Kangquan Eighteen International Eco-Health Travel Co., which owns a resort property in Guangdong Province, for 280 million yuan ($42.95 million).
*Malaysia’s Advancecon Holdings Gets MYR45.83 Mln Contract
Advancecon Holdings, a Malaysian construction company, said Friday its unit has received an earthworks and ancillary works contract worth 45.83 million ringgit ($11.30 million) from Worldwide Property Management.
*ASIA MARKETS: Hong Kong’s Hang Seng Index Nears 30,000 On Year’s Final Trading Day
Hong Kong shares advanced on Friday, with gains in mainland companies and casino operators propelling the city’s main gauge closer to the 30,000 mark.
*MARKET BUZZ: Casinos Help Hong Kong’s HSI Edge Higher
Hang Seng up 0.1% at 29,899.52 tracking overnight advance on Wall Street. Most Asian markets higher; Nikkei Asia300 Index of companies outside Japan adds 0.3%.
*MARKET BUZZ: Kenanga Starts Malaysia’s Sime Darby Plantation With MYR5.50 TP
Kenanga Investment Bank initiates coverage on Sime Darby Plantation with Market Perform call and target price of MYR5.50.
*China Aircraft Leasing To Buy 50 Airbus Planes For $5.42 Billion
China Aircraft Leasing Group Holdings said it will buy 50 Airbus A320neo series planes for a list price of $5.42 billion.
*Beijing Gas Blue Sky To Buy Stake In Gas Receiving Terminal For 1.01 Billion Yuan
Chinese natural gas distributor Beijing Gas Blue Sky Holdings said it agreed to buy Beijing Gas JingTang Co for 1.01 billion yuan in an all-stock deal.
*LHN Shares Surge In Hong Kong Trading Debut
Shares of real estate manager LHN jumped as much as 37.9% in early trade as they made their debut on Hong Kong’s main board after raising HK$79.8 million ($10.2 million) from an initial public offering.
*MARKET BUZZ: Malaysia KLCI Holds On To Gains; Faces 1793-1796 Hurdle
Malaysia’s benchmark KLCI steady in early trade, holds on to 0.1% gain at 1780.00, in line with most Asian shares, which are higher tracking overnight gains in U.S. stocks.
*MARKET BUZZ: TA Cuts Malaysia’s Luster To Sell On Earnings Prospect Doubts
TA Securities downgrades Luster Industries to Sell from Buy, cuts target price to MYR0.105 from MYR0.145 on doubt over ability to sustain earnings momentum in future and a proposed casino project.
*MARKET BUZZ: Malaysia’s KLCI Likely To Test Year’s High On Window Dressing -TA
KLCI likely to trade higher amid window dressing activities on last trading day of 2017; index ended up 0.4% at 1779.10 yesterday.
– By Kuala Lumpur Newsroom; kleditorial@nikkeinewsrise.com; +60320267363
– Edited by Ahana Sen Gupta
– Send Feedback to feedback@nikkeinewsrise.com
– Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.
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