{
}
Mmc Port Holdings has engaged CIMB, Maybank, RHB, and UBS for a Malaysian IPO valued at over 6 billion ringgit (approximately $1.34 billion). UBS Group AG operates across four main sectors: wealth management, investment banking, retail and corporate banking, and asset management, managing USD 792 billion in deposits and USD 639.8 billion in loans by the end of 2023.
Deutsche Bank's chief investment office forecasts Asia as the global growth engine by 2025, driven by intra-regional trade despite challenges like property crises and trade tensions with the US. China's exports to the US have decreased, with a shift towards India and Southeast Asia, enhancing regional trade ties. India is expected to lead G20 GDP growth at 6.5%, supported by its innovative workforce and stable political environment, while Japan benefits from its diverse export economy catering to Asia's demands.
Sunway Healthcare Group has engaged banks, including CIMB and Malayan Banking Bhd, for a Malaysian IPO valued at over 3 billion ringgit ($675 million), potentially the largest since 2017. The offering could take place in the latter half of this year or in 2026, with a projected valuation exceeding 15 billion ringgit. Established in 1999, Sunway Healthcare operates three hospitals in Malaysia and aims to expand its capacity to over 3,000 beds by 2030.
Macau is enhancing its financial sector by developing its bond market, which has seen significant growth since 2018, with 332 bonds issued by mid-2024, 15% of which are ESG-related. The region is also strengthening its role in the Greater Bay Area, facilitating investments and cultural exchanges while maintaining a focus on tourism and leisure.
HSBC Holdings Plc is preparing for potential bonus cuts amid a significant restructuring aimed at reducing costs by at least $3 billion, representing a 10% cut in its expense bill. Employees in corporate and institutional banking have been warned of disappointing payouts, contrasting with rising bonuses at European peers like Barclays and Deutsche Bank. The restructuring, led by CEO Georges Elhedery, is expected to take until June 2025, with details on its financial impact to be revealed alongside the bank's full-year results next month.
Apple's iPhone shipments in China fell 25% in Q4 2024, with the company maintaining a 17% market share by shipping 13.1 million units. Huawei closely followed, capturing 17% of the market with 12.9 million units shipped, bolstered by a 24% increase in its shipments. As competition intensifies, Apple is enhancing its retail strategies and user retention efforts in the premium segment.
Nestlé (Malaysia) Berhad's stock has declined 36% over the past five years, with a 22% drop in the last year alone, shedding RM933 million in value recently. Despite a total shareholder return of -30% over five years, the company's earnings per share fell at a slower rate than its share price, indicating market overconfidence. Shareholders are facing a total loss of 5% per year, prompting concerns about the company's long-term performance.
Turkey is set to implement a new regulatory framework for digital assets in February, tightening anti-money laundering rules and requiring users to share identifying information for transactions over 15,000 Turkish liras. Meanwhile, Malaysia's Securities Commission has ordered Bybit to cease operations for failing to comply with local regulations and flagged Atomic Wallet as illegal, adding to a list of unlicensed operators in the country.
Nestle (Malaysia) Bhd emerged as the top gainer, adding 80 sen to close at RM97.80, while Malaysian Pacific Industries Bhd followed with a 54 sen increase to RM25.74. In contrast, United Plantations Bhd led the decliners, dropping RM1.60 to RM30.22. Other notable losses included Kuala Lumpur Kepong Bhd, down 20 sen to RM21.30, and Dutch Lady Milk Industries Bhd, which fell 30 sen to RM9.90.
The Federal Reserve's fewer rate cuts in 2025 and raised inflation forecasts signal diverging monetary policies in Asia, with countries like China and Indonesia easing while Japan and Malaysia may hike rates. Despite a strong 2024 for Asian stocks, uncertainties loom due to potential tariffs under Trump, China's economic stability, and geopolitical tensions, impacting growth prospects across the region. Taiwan's tech sector thrived, but South Korea faced challenges, highlighting the need for government reforms to stimulate demand.
Malaysian Ringgit
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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