As 2024 comes to a close, Malaysia has reported a third-quarter GDP growth of 5.3%, demonstrating strong economic resilience. Robust investment and financing activities have been a key support factor, with 46 companies completing Initial Public Offerings (IPO) this year, marking the highest level in nearly five years.
According to Bursa data, there have been 11 companies listed in the fourth quarter to date, raising a total of 798 million ringg...

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...

Electric vehicle giant Tesla (TESLA), after the U.S. presidential election, saw a surge in stock price, even doubling compared to the lowest point this year. American investment tycoons still bullish on Tesla's potential to rise several times.
Investment tycoon Baron (RON BARON), who is also a major shareholder of Tesla, stated that Tesla's market cap could rise to $5 trillion within 10 years. Tesla's CEO Musk also believes that Tesla's market cap could reach $30 trillion.
In response to Trump's election as the next U.S. president, Musk's support played a significant role. Recently, Tesla's stock price surged by over 25%, with its market cap surpassing $1 trillion again.
Barron was one of the early investors in Tesla, and Baron Capital, managed by him, invested 0.4 billion USD in the company between 2014 and 2016.
He once disclosed that his investment in Tesla brought him a profit of 6 billion USD. Tesla currently accounts for one-tenth of Barron's stock investment.
Barron, when interviewed by CNBC on Friday, believes that due to the development of humanoid robot Optimus, Tesla could reach over 3 trillion USD in the next 10 years, even 4 trillion or 5 trillion USD. Therefore, he will not sell his Tesla stocks at the current stage.
He also revealed that Musk believes that Tesla's market cap is more likely to reach 30 trillion dollars.
Tesla closed 9.54 dollars higher on Friday at 320.72 dollars.
source: 9Share

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