(Oct 28): Anthropic PBC has tapped JPMorgan Chase & Co to lead US sales of shares to individual investors in its potentially record-setting initial public offering, people familiar with the matter said.

Anthropic said to pick JPMorgan to lead IPO’s US retail offering — Bloomberg

Impact Capital Holdings Bhd is aiming to maintain its profit after tax (PAT) margin above 6% over the next three to five years, supported by a healthy tender book and increasing recurring income.

ACE-Market bound Impact Capital eyes steady growth on strong pipeline and recurring income

KUALA LUMPUR (Oct 27): Impact Capital Holdings Bhd, a Sarawakian technology firm, has launched its ACE Market listing that will raise RM27.6 million for the company and its shareholders.

Sarawak tech firm Impact Capital launches ACE Market IPO at 22 sen per share

DIP Holding plc drew enough demand to cover its up to US$543 million initial public offering within minutes of opening books, signalling strong appetite for the United Arab Emirates’ first listing since the Iran war began.

Dubai firm’s US$543 mil IPO covered within minutes despite war

Anthropic PBC filed for an initial public offering (IPO), warning its technology carried existential risks even as it moved a step closer to being the first company focused primarily on developing the most advanced artificial intelligence (AI) models to go public.

Anthropic flags ‘existential risks’ in long-awaited IPO filing

ACE-Market bound MyDCD Bhd is optimistic there is demand for its core engineering services outside the Klang Valley amid a data centre boom across the country.

ACE-Market bound MyDCD looks beyond Klang Valley amid data centre building boom

MyDCD Bhd has launched its ACE Market listing that will raise RM268.8 million for the engineering services firm and its shareholders.

Engineering services firm MyDCD launches ACE Market IPO at 56 sen per share

Jio Platforms Ltd raised a record amount of funds for billionaire Mukesh Ambani’s digital and telecommunications giant but it proved to be far less lucrative for the bankers handling the deal.

Jio’s record India IPO falls short of record payday for bankers

KUALA LUMPUR (Oct 26): Public Investment Bank Bhd has assigned a fair value of 70 sen on SKA Capital Bhd, which translates into a 63% premium over its initial public offering (IPO) price of 43 sen.

PublicInvest values ACE Market-bound SKA Capital at 70 sen, 63% premium over IPO price

Bids for billionaire Mukesh Ambani's first IPO in 20 years topped US$77 billion (RM314.5 billion) on Friday, making Jio Platforms India's most subscribed stock offering as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.

Ambani's Jio becomes most subscribed Indian IPO with US$77b in bids

Bestari Food Bhd has received approval from the securities regulator for its proposed listing on the Main Market of Bursa Malaysia.

Bestari Food gets regulator’s nod, shariah status for Main Market listing

Property developer KEB Bhd has priced its shares at 35 sen apiece for its ACE Market listing.

Real estate developer KEB aims to raise nearly RM80 mil from ACE Market IPO

Appetite for the US$3.2 billion (RM13 billion) IPO of billionaire Mukesh Ambani's Jio Platforms kept building on Thursday, its second day of public bidding, with orders for shares more than four times the amount available and the retail portion fully subscribed.

Retail investors fully subscribe Ambani's Jio IPO on second day

DayOne Data Centers Ltd is weighing options for its US initial public offering (IPO), including a potential delay or size cut, as volatility around data centres increases, according to people familiar with the matter.

Singapore's DayOne said to weigh options for US IPO after data centre rout

LONDON (Oct 28): Heineken's CEO Rafael Oliveira said on Wednesday that the company needs more accountability across the business and a stronger performance culture to drive consistent growth, in his first statement since taking over the Dutch brewer this month.

Heineken has more to do to deliver growth, new CEO says

KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.

Bursa Malaysia grows 3Q net profit by nearly 10%, says on track with targets

Summary

•    Malaysian market players view Indonesia’s planned Icomex positively

•    Success of futures pr...

Indonesia’s new commodity exchange and palm oil product seen to complement Bursa’s FCPO

FRANKFURT (Oct 28): Deutsche Bank posted on Wednesday a rise of 2% in third-quarter profit, defying expectations for a drop, as strength at its retail and corporate divisions offset a revenue decline at the investment bank.

Deutsche Bank reports better-than-expected 2% increase in profit

ZURICH (Oct 28): UBS reported on Wednesday a third-quarter net profit roughly in line with expectations and accelerated its share buyback programme, even as the bank remained concerned about new Swiss capital requirements.

UBS posts US$2.7 bil profit, speeds up share buybacks

KUALA LUMPUR (Oct 28): Malaysia has called for stronger international cooperation to ensure stable global gas markets and reliable energy supplies, emphasising that energy security is fundamental to industrial competitiveness, investment confidence and sustainable economic growth.

Malaysia calls for stronger global cooperation to ensure gas supply security

KUALA LUMPUR (Oct 28): Chief Justice Tun Wan Ahmad Farid Wan Salleh has warned that while technology, specifically artificial intelligence (AI), could help accelerate the administration of justice, it should never replace human judgement and judicial discretion.

Chief Justice to issue new practice directions, warns that AI should never replace human judicial discretion

The dollar’s rebound is good news for shares in European exporters, just as companies enter the busiest stretch of the third-quarter reporting season.

Weaker euro boosts European exporters as earnings season peaks

JERUSALEM (Oct 28): Prime Minister Benjamin Netanyahu and rival Gadi Eisenkot offered competing claims to lead Israel after Tuesday's election, with Netanyahu calling for a right-wing government and Eisenkot saying voters had rejected the longtime Israeli leader, even as exit polls left their blocs deadlocked.

Netanyahu, Eisenkot stake rival claims to lead Israel after deadlocked vote

EXCLUSIVE: Resetting a GLC’s culture from the inside out

KUALA LUMPUR (Oct 27): Police have frozen and seized accounts involving RM409.21 million in an investigation into alleged corporate mafia activities as at Sept 25, Home Minister Datuk Seri Saifuddin Nasution Ismail said. 
 
The accounts comprise 70 share-trading accounts worth approxi...

Police freeze RM409m in share-trading, bank accounts in corporate mafia probe

PUTRAJAYA (Oct 28): The transportation costs to bring Datuk Seri Najib's from prison to Putrajaya for next month's civil appeal will be borne either by the former prime minister.

Najib agrees to cover transport costs for appeal hearing in Putrajaya, court told

KUALA LUMPUR (Oct 28): Eco-Shop Marketing Bhd (KL:ECOSHOP) hit a four-month low on Wednesday, after the company’s first quarter fell short of analysts' expectations.

Eco-Shop hits four-month low after 1Q miss; price revision looms

Magma Kiara Sdn Bhd, a subsidiary of Bursa Malaysia-listed Magma Group Bhd (KL:MAGMA), has signed a memorandum of collaboration (MOC) with interior fit-out specialist Jalex Sdn Bhd at the Wolo Experience Lounge in Bukit Bintang, to explore its proposed appointment as hotel interior adviser for Wolo Hotel &amp; Residences, Mont Kiara KL, according to a press statement issued on Oct 28.&nbsp;

Magma Kiara partners Jalex for hotel interior work at RM850 mil Wolo Mont Kiara KL

Oil prices climbed more than 1% on Wednesday after an attack on a refinery in Saudi Arabia renewed concerns around supply risks from the major exporter.

Oil rises over 1% after Saudi Arabian refinery attack reignites supply risk

For more than two months, Malaysia has been shrouded in cross-border haze that has grown increasingly severe. While haze is an annual occurrence in Indonesia, Malaysia, Singapore and Timor-Leste, this year’s episode has been described as the worst since 2015.

Choking fumes sweep across Malaysia

Asia stocks rallied on Wednesday as renewed AI enthusiasm buoyed sentiment ahead of earnings from industry bellwethers later in the US day, while the New Zealand dollar tumbled after the country's central bank unexpectedly held rates steady.

Asian stocks get AI lift, kiwi slides on central bank's surprise hold

Corruption and other scandals involving government-linked companies (GLCs) are, unfortunately, not new. Neither are analyses and commentaries that follow. We are never short on prescriptions for how to prevent these scandals. The latest, of course, is the scandal that engulfed Lembaga Tabung Haji...

My Say: Corruption scandals and GLCs: When accountants have more clout than lawyers (and what lawyers can do about it)

Indonesia's President Prabowo Subianto will meet Singapore’s top diplomat on Wednesday as ties between the two Southeast Asian nations come under strain.&nbsp;

Prabowo to meet Singapore envoy on mission to ease relations

AMMB Holdings Bhd (KL:AMBANK) will likely shrug off rising bond yields, and it may be time to start buying shares of the sixth-largest bank in Malaysia again, an analyst said.

AMMB on track with earnings, time to ‘buy’ again — analyst

A stronger-than-expected earnings report propelled Nestlé (Malaysia) Bhd (KL:NESTLE) higher on Wednesday, extending the stock's rally as analysts raised their target prices.

Nestlé Malaysia extends gain towards two-month high after 3Q beat, analysts raise target prices

SEOUL (Oct 28): South Korean chipmaker SK Hynix said on Wednesday that it would return about US$75 billion to shareholders this year, after reporting a more than seven-fold jump in quarterly profit as AI infrastructure demand continues to drive up memory chip prices.

SK Hynix unveils US$75 bil shareholder return plan after posting record profit

The official newspaper of China’s ruling Communist Party warned that global celebrities risk losing their commercial appeal in the country if they offend local audiences, as widening backlash against French football star Kylian Mbappe puts his brand partnerships under pressure.

China warns global celebrities as Mbappe backlash spreads

KUALA LUMPUR (Oct 28): The Energy Commission&nbsp;is developing a comprehensive framework and guidelines on self-generation facilities and the use of renewable energy for the data centre sector, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah: Energy Commission developing comprehensive guidelines for self-generation facilities in data centre sector

(Oct 28):&nbsp;What began as a banner year is turning into a reckoning for Adani Enterprises Ltd, the flagship arm of India’s richest man Gautam Adani, which needs to deliver on multiple infrastructure projects to fulfill its earnings promise.

Shares of Adani Enterprises have tumbled mo...

Adani flagship’s US$10 bil wipeout raises stake for earnings

KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.

(Oct 27): A spike in Treasury yields is forcing US banks to confront an uncomfortable question: ​sell bonds worth billions of dollars they own at a loss, or hold on to paper losses?

Both carry costs. Selling involves taking ‌an immediate financial hit, while waiting would pile on losses...

Hold or sell? High Treasury yields spur US banks to rethink bond portfolios

<div class="content-side-bar-box" style="background-color: lightblue; color: black;">
Summary

•&nbsp;&nbsp; &nbsp;While high-profile deals continue (such as the RM132 million sale of Menara Haw Par and other land acquisitions), buyer...

Menara Haw Par deal signals renewed interest in KL’s Golden Triangle

A rally in technology companies lifted stocks ahead of this week’s results from industry giants valued at more than US$10 trillion, with traders also bracing for the Federal Reserve rate decision.

Ipo

‌
‌

Ipo

‌‌

‌
‌