（Kuala Lumpur, 22nd - Citigroup analysts predict that Malaysia's corporate profits will increase by 9.7% in 2025, with gambling, construction materials, and telecommunications being the main drivers.
According to the report from Citigroup analysts, the forecast for next year's corporate profit growth is higher than this year's 6% forecast, mainly driven by opportunities from consumer wage increases and the potential decoupling of China and the United States.
The analyst emphasized that the gambling, building materials, and telecommunications industries will be the main driving forces of growth in 2025; while the construction, medical care, and technology industries will also encounter good development opportunities.
However, industries such as energy, finance, planting, and utilities may show relatively lagging performance.
The composite index is expected to reach 1716 points by the end of next year.
Citi estimates that by the end of 2025, the FTSE Long Composite Index target is 1716 points, still with a 7% upside potential from the current level; the estimated earnings per share growth is 9%.
On the investment recommendation side, analysts believe that attention should be paid to export-oriented enterprises, especially in the glove and technology industries, in order to hedge the risks brought about by the strengthening of the US dollar.
Citigroup's top stock pick in Malaysia:
Lianchang International ( $CIMB (1023.MY)$）
Industrial Bank ( $RHBBANK (1066.MY)$）
Jinwu Da ( $GAMUDA (5398.MY)$）
Mr.DIY( $MRDIY (5296.MY)$）
Ma Telecom( $TM (4863.MY)$）
Johor Medical Healthcare ( $KPJ (5878.MY)$） ...
According to the report from Citigroup analysts, the forecast for next year's corporate profit growth is higher than this year's 6% forecast, mainly driven by opportunities from consumer wage increases and the potential decoupling of China and the United States.
The analyst emphasized that the gambling, building materials, and telecommunications industries will be the main driving forces of growth in 2025; while the construction, medical care, and technology industries will also encounter good development opportunities.
However, industries such as energy, finance, planting, and utilities may show relatively lagging performance.
The composite index is expected to reach 1716 points by the end of next year.
Citi estimates that by the end of 2025, the FTSE Long Composite Index target is 1716 points, still with a 7% upside potential from the current level; the estimated earnings per share growth is 9%.
On the investment recommendation side, analysts believe that attention should be paid to export-oriented enterprises, especially in the glove and technology industries, in order to hedge the risks brought about by the strengthening of the US dollar.
Citigroup's top stock pick in Malaysia:
Lianchang International ( $CIMB (1023.MY)$）
Industrial Bank ( $RHBBANK (1066.MY)$）
Jinwu Da ( $GAMUDA (5398.MY)$）
Mr.DIY( $MRDIY (5296.MY)$）
Ma Telecom( $TM (4863.MY)$）
Johor Medical Healthcare ( $KPJ (5878.MY)$） ...
Translated
4
(Bangkok, 22nd - RSP Holdings ( $CAPITALA (5099.MY)$ ) is still considering various options for listing in the USA, including going public through an initial public offering (IPO) directly in the USA.
Dato' Sri Tony Fernandes, the Group CEO of RSP Holdings, stated to Bloomberg after attending an event in Bangkok that despite the group terminating a 1.15 billion USD (approximately 5.130 billion ringgit) Special Purpose Acquisition Company (SPAC) listing agreement previously, he has not given up on listing in the USA.
"We will explore other options, including a direct listing in the USA. We also do not rule out the possibility of resuming the USA listing plan through a SPAC once again."
In October of this year, Yunbi Investment Group decided to terminate the original agreement with Aetherium Acquisition Corp., a SPAC, as it was unable to meet the listing requirements of the Nasdaq Exchange.
AirAsia's ambition: to turn Kuala Lumpur and Bangkok into the low-cost airline version of Dubai.
In addition, Tony pointed out that Asia Aviation hopes to replicate the model of Dubai as a global aviation hub, transforming places like Kuala Lumpur and Bangkok into low-cost aviation versions of 'Dubai'.
"What I want to do, and what is also a world-first, is to create international aviation hubs in Kuala Lumpur and Bangkok like Dubai and Qatar. Bangkok has a similar hub, Singapore is already an international aviation hub, but these are all hubs for high-end airlines. Nobody in the world has yet created a true low-cost airline hub...
Dato' Sri Tony Fernandes, the Group CEO of RSP Holdings, stated to Bloomberg after attending an event in Bangkok that despite the group terminating a 1.15 billion USD (approximately 5.130 billion ringgit) Special Purpose Acquisition Company (SPAC) listing agreement previously, he has not given up on listing in the USA.
"We will explore other options, including a direct listing in the USA. We also do not rule out the possibility of resuming the USA listing plan through a SPAC once again."
In October of this year, Yunbi Investment Group decided to terminate the original agreement with Aetherium Acquisition Corp., a SPAC, as it was unable to meet the listing requirements of the Nasdaq Exchange.
AirAsia's ambition: to turn Kuala Lumpur and Bangkok into the low-cost airline version of Dubai.
In addition, Tony pointed out that Asia Aviation hopes to replicate the model of Dubai as a global aviation hub, transforming places like Kuala Lumpur and Bangkok into low-cost aviation versions of 'Dubai'.
"What I want to do, and what is also a world-first, is to create international aviation hubs in Kuala Lumpur and Bangkok like Dubai and Qatar. Bangkok has a similar hub, Singapore is already an international aviation hub, but these are all hubs for high-end airlines. Nobody in the world has yet created a true low-cost airline hub...
Translated
3
(Kuala Lumpur, 21st) Sunway City Industries $SIMEPROP (5288.MY)$ 's revenue and net profit for the first nine months of the 2024 fiscal year have both hit new highs, and the management is optimistic that the bullish trend can continue into the 2025 fiscal year.
Dato' Sri Azmi Ma'alek, Managing Director of Sunway City Industries, expressed during today's online performance briefing that the company currently has multiple projects waiting to be launched. Continuously diversifying industries by launching various projects such as industrial and residential projects to strengthen the business development.
Therefore, he is optimistic about the performance in the 2025 fiscal year and will continue to drive projects or acquire quality assets to increase recurring revenue.
Our goal is to transform from a company focused on industrial development to a comprehensive industrial company.
When asked about the slight decline in performance compared to the previous period, Azmi Mahathir said that the planned strategies are designed for the entire year, not just focusing on quarterly performance, hence there are no specific strategies per quarter.
He mentioned that currently there are indeed non-core assets ready for sale, including those away from the Klang Valley and Klang Valley area, but everything will still depend on market conditions and demand.
If the market conditions improve and the price is right, they will be sold. Everything is still subject to the team's exploration, but at this stage, there are no specific selling strategies.
Committed to solving the issue of water disasters.
On the other hand, due to over 10 residents in the Bukit Raja town of Klang frequently complaining about water disasters, Azmi Marikeni pointed out that as a responsible developer, they will discuss the issues with the relevant authorities, and this is also...
Dato' Sri Azmi Ma'alek, Managing Director of Sunway City Industries, expressed during today's online performance briefing that the company currently has multiple projects waiting to be launched. Continuously diversifying industries by launching various projects such as industrial and residential projects to strengthen the business development.
Therefore, he is optimistic about the performance in the 2025 fiscal year and will continue to drive projects or acquire quality assets to increase recurring revenue.
Our goal is to transform from a company focused on industrial development to a comprehensive industrial company.
When asked about the slight decline in performance compared to the previous period, Azmi Mahathir said that the planned strategies are designed for the entire year, not just focusing on quarterly performance, hence there are no specific strategies per quarter.
He mentioned that currently there are indeed non-core assets ready for sale, including those away from the Klang Valley and Klang Valley area, but everything will still depend on market conditions and demand.
If the market conditions improve and the price is right, they will be sold. Everything is still subject to the team's exploration, but at this stage, there are no specific selling strategies.
Committed to solving the issue of water disasters.
On the other hand, due to over 10 residents in the Bukit Raja town of Klang frequently complaining about water disasters, Azmi Marikeni pointed out that as a responsible developer, they will discuss the issues with the relevant authorities, and this is also...
Translated
19
1
(Kuala Lumpur, 21st) Despite the recent increase in palm oil prices to 5,000 ringgit per ton, analysts believe that if the international oil price continues to move opposite to it, it will affect Indonesia's biodiesel plan, and the upward trend in palm oil prices will also be difficult to sustain.
Research from a Malaysian bank's investment bank pointed out that although Indonesia plans to increase the biodiesel blending ratio from B35 to B40 in January 2025, the high palm oil prices combined with low crude oil prices will lead to a significant increase in subsidy pressures.
According to official data, the price difference between palm oil and diesel (POGO) in November is approximately 6,000 Indonesian rupiahs per liter, equivalent to 446 US dollars per ton (about 1,990 ringgit).
In other words, based on the estimated consumption of 16 million kiloliters of B40 biodiesel, the subsidy requirements in 2025 will reach 95.8 trillion Indonesian rupiahs (approximately 27 billion ringgit).
Analysts point out that this may lead to the palm oil fund that funds the country's biodiesel plan running out by the end of the first quarter of 2025, and the country will reduce its export taxes starting in September, further reducing income.
If crude oil prices do not rise significantly, it will be difficult to maintain the current palm oil price of 5000 ringgit per ton. It is estimated that under market pressure, the price may drop to around 4000 ringgit per ton early next year. The Indonesian government will also be forced to raise export taxes.
Indonesian government caught in a dilemma
To ensure the success of the B40 biodiesel policy, there needs to be a significant retreat in palm oil prices, and crude oil prices per barrel need to increase by more than 50...
Research from a Malaysian bank's investment bank pointed out that although Indonesia plans to increase the biodiesel blending ratio from B35 to B40 in January 2025, the high palm oil prices combined with low crude oil prices will lead to a significant increase in subsidy pressures.
According to official data, the price difference between palm oil and diesel (POGO) in November is approximately 6,000 Indonesian rupiahs per liter, equivalent to 446 US dollars per ton (about 1,990 ringgit).
In other words, based on the estimated consumption of 16 million kiloliters of B40 biodiesel, the subsidy requirements in 2025 will reach 95.8 trillion Indonesian rupiahs (approximately 27 billion ringgit).
Analysts point out that this may lead to the palm oil fund that funds the country's biodiesel plan running out by the end of the first quarter of 2025, and the country will reduce its export taxes starting in September, further reducing income.
If crude oil prices do not rise significantly, it will be difficult to maintain the current palm oil price of 5000 ringgit per ton. It is estimated that under market pressure, the price may drop to around 4000 ringgit per ton early next year. The Indonesian government will also be forced to raise export taxes.
Indonesian government caught in a dilemma
To ensure the success of the B40 biodiesel policy, there needs to be a significant retreat in palm oil prices, and crude oil prices per barrel need to increase by more than 50...
Translated
11
Southeast Asia saw its first initial public offerings (IPO) hit a 9-year low this year, but Malaysia surged ahead, completing 46 IPOs in the first 10 and a half months of this year. Not only setting a new six-year high, but also raising funds of $1.5 billion (approximately 6.7 billion ringgit), representing half of the total funds raised in Southeast Asia.
According to Deloitte, Malaysia leads in three key indicators compared to other Southeast Asian countries: the number of IPOs, total funds raised, and IPO market cap.
In contrast, while the number of IPOs in Southeast Asia remains stable, the total funds raised hit a 9-year low, falling far below last year's $5.8 billion (approximately 25.9 billion ringgit). In the first 10 and a half months, there were 122 IPOs raising approximately $3 billion (approximately 13.4 billion ringgit). Moreover, only one IPO raised over $0.5 billion, compared to four of such scale last year.
Ernest Wong, Partner at Deloitte Malaysia Transaction Services, stated that Malaysia's IPO market has shown strong performance, mainly due to bullish economic indicators, political stability, and active participation from investors, especially foreign investors.
He stated at a press conference today that due to the increasing interest from companies and investors in IPOs, as well as Malaysia's excellent valuation, the Malaysian exchange is expected to have huge potential to become a hub attracting regional companies to go public.
In a statement, Deloitte emphasized that Malaysia raised $1.5 billion through IPOs this year, reaching its highest level since 2017. At the same time, the market cap reached $6.6 billion (29.5 billion ringgit), surpassing the previous year...
According to Deloitte, Malaysia leads in three key indicators compared to other Southeast Asian countries: the number of IPOs, total funds raised, and IPO market cap.
In contrast, while the number of IPOs in Southeast Asia remains stable, the total funds raised hit a 9-year low, falling far below last year's $5.8 billion (approximately 25.9 billion ringgit). In the first 10 and a half months, there were 122 IPOs raising approximately $3 billion (approximately 13.4 billion ringgit). Moreover, only one IPO raised over $0.5 billion, compared to four of such scale last year.
Ernest Wong, Partner at Deloitte Malaysia Transaction Services, stated that Malaysia's IPO market has shown strong performance, mainly due to bullish economic indicators, political stability, and active participation from investors, especially foreign investors.
He stated at a press conference today that due to the increasing interest from companies and investors in IPOs, as well as Malaysia's excellent valuation, the Malaysian exchange is expected to have huge potential to become a hub attracting regional companies to go public.
In a statement, Deloitte emphasized that Malaysia raised $1.5 billion through IPOs this year, reaching its highest level since 2017. At the same time, the market cap reached $6.6 billion (29.5 billion ringgit), surpassing the previous year...
Translated
24
Petronas Petrochemicals $PCHEM (5183.MY)$ With a significant increase in forex losses, in the third quarter of the 2024 fiscal year (ending September), the company went from profit to loss, with a major loss of 0.789 billion ringgit, compared to a net profit of 0.424 billion ringgit in the same period last year.
This is also the first time Petronas Petrochemicals has incurred a quarterly loss since its listing.
Nevertheless, Petronas Chemicals Group recorded a revenue of 7.986 billion ringgit in the third quarter, a year-on-year increase of 17.72%.
In the first 9 months of the current financial year, Petronas Chemicals Group netted 0.656 billion ringgit, a drastic 58.59% year-on-year decline, while revenue increased by 8.20% year-on-year to 23.213 billion ringgit.
Petronas Chemicals Group stated that due to the weakening of the US dollar against the ringgit, the company incurred unrealized foreign exchange losses in revaluing accounts payable to its subsidiary, Pengerang Petrochemical Company (PPC), and in revaluing shareholder loans extended to PPC, becoming the main reason for the third quarter's profit turning into a loss.
PPC is a company operating in US dollars. The recent weakness of the US dollar against the ringgit has resulted in a forex loss of 0.536 billion ringgit when the accounts payable are reassessed, while the reassessment of shareholder loans has also caused a forex loss of 0.492 billion ringgit.
Forex losses amount to a total of 1.1 billion.
In addition to other business forex losses, Petrochemical Corporation faces a total forex loss of 1.1 billion ringgit in the third quarter.
Under the impact of the forex losses mentioned above, Petronas Chemicals Group's other expenses in the third quarter surged from 2 million ringgit in the same period last year to 11...
This is also the first time Petronas Petrochemicals has incurred a quarterly loss since its listing.
Nevertheless, Petronas Chemicals Group recorded a revenue of 7.986 billion ringgit in the third quarter, a year-on-year increase of 17.72%.
In the first 9 months of the current financial year, Petronas Chemicals Group netted 0.656 billion ringgit, a drastic 58.59% year-on-year decline, while revenue increased by 8.20% year-on-year to 23.213 billion ringgit.
Petronas Chemicals Group stated that due to the weakening of the US dollar against the ringgit, the company incurred unrealized foreign exchange losses in revaluing accounts payable to its subsidiary, Pengerang Petrochemical Company (PPC), and in revaluing shareholder loans extended to PPC, becoming the main reason for the third quarter's profit turning into a loss.
PPC is a company operating in US dollars. The recent weakness of the US dollar against the ringgit has resulted in a forex loss of 0.536 billion ringgit when the accounts payable are reassessed, while the reassessment of shareholder loans has also caused a forex loss of 0.492 billion ringgit.
Forex losses amount to a total of 1.1 billion.
In addition to other business forex losses, Petrochemical Corporation faces a total forex loss of 1.1 billion ringgit in the third quarter.
Under the impact of the forex losses mentioned above, Petronas Chemicals Group's other expenses in the third quarter surged from 2 million ringgit in the same period last year to 11...
Translated
23
6
Fodder costs continue to decline, poultry industry profit margins expand.
Analysts believe that the poultry industry may expand its profit margins due to the decrease in fodder and other input costs, which will to some extent alleviate the impact of the depreciation of the ringgit.
MIDF investment bank analyst pointed out that feed usually accounts for 65% to 75% of production costs, which is a major bullish factor for the poultry industry.
The decline in feed costs is expected to increase the overall profits of resources. $QL (7084.MY)$ Longhe International $LHI (6633.MY)$ And the main companies' profit margins.
"We maintain an optimistic attitude towards the low prices of csi commodity equity index in 2025, thanks to ample supply from major exporting countries."
"Full benefit resources and Longhe International have the ability to seize this trend, combined with government support, making the outlook of the industry even more bullish."
Since early 2024, the prices of corn and soybean meal, among other key raw materials, have steadily declined.
In October this year, the average price of soybeans (accounting for 19% to 32% of fodder costs) was $350 per ton, a year-on-year decrease of 18%, due to increased supply from Argentina, the USA, and China.
At the same time, the price of corn, which typically accounts for 55% to 69% of fodder formulas, also decreased by an average of 14% last month, to $0.01 million7319 per ton, benefiting from increased production in major regions such as the USA, China, the EU, and Ukraine.
Exchange rate fluctuations pose risks.
However, analysts also warn that exchange rate fluctuations pose risks to all poultry companies purchasing raw materials in US dollars. In October, the average exchange rate of the ringgit against the US dollar...
Analysts believe that the poultry industry may expand its profit margins due to the decrease in fodder and other input costs, which will to some extent alleviate the impact of the depreciation of the ringgit.
MIDF investment bank analyst pointed out that feed usually accounts for 65% to 75% of production costs, which is a major bullish factor for the poultry industry.
The decline in feed costs is expected to increase the overall profits of resources. $QL (7084.MY)$ Longhe International $LHI (6633.MY)$ And the main companies' profit margins.
"We maintain an optimistic attitude towards the low prices of csi commodity equity index in 2025, thanks to ample supply from major exporting countries."
"Full benefit resources and Longhe International have the ability to seize this trend, combined with government support, making the outlook of the industry even more bullish."
Since early 2024, the prices of corn and soybean meal, among other key raw materials, have steadily declined.
In October this year, the average price of soybeans (accounting for 19% to 32% of fodder costs) was $350 per ton, a year-on-year decrease of 18%, due to increased supply from Argentina, the USA, and China.
At the same time, the price of corn, which typically accounts for 55% to 69% of fodder formulas, also decreased by an average of 14% last month, to $0.01 million7319 per ton, benefiting from increased production in major regions such as the USA, China, the EU, and Ukraine.
Exchange rate fluctuations pose risks.
However, analysts also warn that exchange rate fluctuations pose risks to all poultry companies purchasing raw materials in US dollars. In October, the average exchange rate of the ringgit against the US dollar...
Translated
23
Why was the Genting Singapore casino license extended by two years instead of the usual three years?
Why was the gambling license for Genting Sing extended by two years instead of the usual three years?
genting sing $Genting Sing (G13.SG)$ The operation gambling license has been renewed for two years, effective from February next year.
The operation of Resorts World Sentosa (RWS) by Genting Sing, assessed by the Singapore Gambling Regulatory Authority (GRA) as "suitable for managing and operating a casino", was renewed for 2 years due to poor tourism performance instead of the usual 3 years.
According to the report from the Singapore news website CNA, the Singapore Gambling Regulatory Authority (GRA) has found that from January 1, 2021 to December 31, 2023, the tourism performance of Sentosa Integrated Resort in Singapore needs to "make rectifications and improvements in many aspects".
This conclusion is based on the investigation results of an independent evaluation team appointed by the Ministry of Trade and Industry (MTI) of Singapore.
The team assessed the ability of Sentosa Integrated Resort in Singapore to develop, maintain, and promote its integrated resort as a "tourist destination that attracts visitors, meets market demands, and industry standards".
The Singapore Gambling Regulatory Authority stated that when deciding to extend the casino license, they also took into account the opinions of the Ministry of Trade and Industry, the Singapore Tourism Board, and the Sentosa Development Corporation.
According to CNA's report, the new two-year gambling license will take effect on February 6, 2025. The next evaluation will take place in 2026.
A fine of 7.42 million ringgit
The Singapore Gambling Regulatory Authority stated that it will continue...
genting sing $Genting Sing (G13.SG)$ The operation gambling license has been renewed for two years, effective from February next year.
The operation of Resorts World Sentosa (RWS) by Genting Sing, assessed by the Singapore Gambling Regulatory Authority (GRA) as "suitable for managing and operating a casino", was renewed for 2 years due to poor tourism performance instead of the usual 3 years.
According to the report from the Singapore news website CNA, the Singapore Gambling Regulatory Authority (GRA) has found that from January 1, 2021 to December 31, 2023, the tourism performance of Sentosa Integrated Resort in Singapore needs to "make rectifications and improvements in many aspects".
This conclusion is based on the investigation results of an independent evaluation team appointed by the Ministry of Trade and Industry (MTI) of Singapore.
The team assessed the ability of Sentosa Integrated Resort in Singapore to develop, maintain, and promote its integrated resort as a "tourist destination that attracts visitors, meets market demands, and industry standards".
The Singapore Gambling Regulatory Authority stated that when deciding to extend the casino license, they also took into account the opinions of the Ministry of Trade and Industry, the Singapore Tourism Board, and the Sentosa Development Corporation.
According to CNA's report, the new two-year gambling license will take effect on February 6, 2025. The next evaluation will take place in 2026.
A fine of 7.42 million ringgit
The Singapore Gambling Regulatory Authority stated that it will continue...
Translated
23
1
Columns Banks are expected to face a downturn next year. Analysts suggest reducing shareholding of MAYBANK!
Due to limited expansion of return on equity (roe), coupled with possible interest rate cuts next year, local banks may face pressure on net interest margin. Analysts believe that the prospects of bank stocks are mediocre, especially for the leading Maybank. $MAYBANK (1155.MY)$ Cautioning investors, suggesting reducing holdings!
The latest analysis report from Malaysian investment banks suggests that the banking industry may cool down next year, with a sector rating of only 'neutral'. Maybank, with a high valuation, is likely to be the first to feel the impact, with the target price plummeting from the original 10.80 ringgit to 8.85 ringgit; the rating has also been downgraded to 'shareholding'.
The analyst stated that the reason for slashing the target price of the bank was not only due to the pressure on the return on equity, but also because the stock price of the bank was at a relatively high level compared to its book value.
In addition, the bank's operating income, compared to 6.9% in the 2024 fiscal year, is expected to drop significantly to 3% in the 2025 fiscal year, mainly due to a slowdown in funding and market income.
Therefore, in view of the various downside risks, analysts have lowered the target price and rating of Ma Bank.
Investing in banks with high roe is the strategy.
Overall, in the banking sector, analysts believe that banks with high return on equity and high liquidity will be one of the key investment focuses given the current situation.
Analysts pointed out that by the 2025 fiscal year, the return on equity (ROE) had only increased from 9.4% to 9.7%, mainly due to the core net profit of banks, expected to decrease from this year's 7% to 6....
The latest analysis report from Malaysian investment banks suggests that the banking industry may cool down next year, with a sector rating of only 'neutral'. Maybank, with a high valuation, is likely to be the first to feel the impact, with the target price plummeting from the original 10.80 ringgit to 8.85 ringgit; the rating has also been downgraded to 'shareholding'.
The analyst stated that the reason for slashing the target price of the bank was not only due to the pressure on the return on equity, but also because the stock price of the bank was at a relatively high level compared to its book value.
In addition, the bank's operating income, compared to 6.9% in the 2024 fiscal year, is expected to drop significantly to 3% in the 2025 fiscal year, mainly due to a slowdown in funding and market income.
Therefore, in view of the various downside risks, analysts have lowered the target price and rating of Ma Bank.
Investing in banks with high roe is the strategy.
Overall, in the banking sector, analysts believe that banks with high return on equity and high liquidity will be one of the key investment focuses given the current situation.
Analysts pointed out that by the 2025 fiscal year, the return on equity (ROE) had only increased from 9.4% to 9.7%, mainly due to the core net profit of banks, expected to decrease from this year's 7% to 6....
Translated
37
20
The consortium officially acquires at 11 Malaysian ringgit per share.
A consortium led by Khazanah and Employees Provident Fund (EPF) formally proposed to acquire at 11 Malaysian ringgit per share today. $AIRPORT (5014.MY)$。
Previously, this acquisition proposal has been approved by the relevant regulatory authorities.
Malaysia Airports was originally listed on the Malaysian stock market in 1999, at that time, it was the first airport operating company to be listed in Asia and the sixth in the world. This also means that 25 years after listing, Malaysia Airports is officially moving towards privatization.
According to the statement, after obtaining approval from domestic and foreign authorities and meeting the prerequisites of the acquisition proposal, the consortium officially announced its acquisition of the remaining shares of Malaysia Airports.
The acquisition offer is 11 ringgit per share, a 6% premium over the last trading price of Malaysia Airports on last Friday at 10.34 ringgit, equivalent to a 38 times price-to-earnings ratio.
The proposal still comes with conditions, requiring the consortium to hold at least 90% of the shares, including those already held, by the acquisition deadline.
Currently, the consortium and its affiliated companies hold 41.1% of Malaysia Airlines.
Malaysian members hold 70% of the shares.
Malaysia Airports is responsible for managing 39 airports nationwide, including 5 international airports and 17 small airports. Additionally, they also own an international airport in Istanbul, Turkey.
If this acquisition proposal, first announced in May 2024, is successful, Malaysian members in the consortium will hold 70% of the shares in Malaysia Airports, while foreign partners - Abu Dhabi Investment Authority (...
A consortium led by Khazanah and Employees Provident Fund (EPF) formally proposed to acquire at 11 Malaysian ringgit per share today. $AIRPORT (5014.MY)$。
Previously, this acquisition proposal has been approved by the relevant regulatory authorities.
Malaysia Airports was originally listed on the Malaysian stock market in 1999, at that time, it was the first airport operating company to be listed in Asia and the sixth in the world. This also means that 25 years after listing, Malaysia Airports is officially moving towards privatization.
According to the statement, after obtaining approval from domestic and foreign authorities and meeting the prerequisites of the acquisition proposal, the consortium officially announced its acquisition of the remaining shares of Malaysia Airports.
The acquisition offer is 11 ringgit per share, a 6% premium over the last trading price of Malaysia Airports on last Friday at 10.34 ringgit, equivalent to a 38 times price-to-earnings ratio.
The proposal still comes with conditions, requiring the consortium to hold at least 90% of the shares, including those already held, by the acquisition deadline.
Currently, the consortium and its affiliated companies hold 41.1% of Malaysia Airlines.
Malaysian members hold 70% of the shares.
Malaysia Airports is responsible for managing 39 airports nationwide, including 5 international airports and 17 small airports. Additionally, they also own an international airport in Istanbul, Turkey.
If this acquisition proposal, first announced in May 2024, is successful, Malaysian members in the consortium will hold 70% of the shares in Malaysia Airports, while foreign partners - Abu Dhabi Investment Authority (...
Translated
4
1
![[empty]](https://static.moomoo.com/node_futunn_nnq/assets/images/folder.5c37692712.png)
![[error]](https://static.moomoo.com/node_futunn_nnq/assets/images/no-network.991ae8055c.png)
![[loading]](data:image/svg+xml;base64,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)