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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 achieved a record low in the first IPO this year, but Malaysia stands out by completing 46 IPOs in the first 10 and a half months, marking a six-year high. The funds raised of 1.5 billion US dollars (approximately 6.7 billion ringgit) account for half of the total fundraising in Southeast Asia.
According to Deloitte, Malaysia leads Southeast Asian countries in three key indicators: 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 have fallen to a 9-year low, far below last year's 5.8 billion US dollars (approximately 25.9 billion ringgit). In the first 10 and a half months, there were 122 IPOs raising approximately 3 billion US dollars (approximately 13.4 billion ringgit). Moreover, only one IPO raised over 0.5 billion US dollars, whereas there were four of such scale compared to last year.
Deloitte Malaysia's trading accounting services partner, Wong Kah Chun, stated that Malaysia's IPO market has shown strong performance, mainly benefiting from bullish economic indicators, political stability, and active participation of investors, especially foreign investors.
He expressed today at a press conference that due to the increasing interest of 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 for listing.
In a statement, Deloitte emphasized that Malaysia raised $1.5 billion through IPOs this year, hitting the highest level since 2017. At the same time, the market cap reached $6.6 billion (29.5 billion ringgit), surpassing the previous year's...

After the US presidential election, the electric car giant Tesla (TESLA) stock prices went wild and even doubled compared to this year's low. America's wealthy investors are still optimistic that Tesla can rise several times more.
Investing in Regal RON BARON (RON BARON), he is also Tesla's main shareholder. He said that Tesla's market value can rise to 5 trillion US dollars within 10 years. Also, Tesla CEO Musk believes that Tesla's market value will be 30 trillion US dollars.
In response to Trump's election as the next president of the United States, and Musk played a big role in his election, Tesla's stock price recently surged by more than 25%, and the market capitalization has returned above 1 trillion dollars.
Barron was one of Tesla's early investors, and Baron Capital, which is in charge of it, invested 0.4 billion dollars in the company from 2014 to 2016.
He once revealed that investing in Tesla made him profit of 6 billion dollars. Tesla still accounts for 10% of Barron's stock investment.
In an interview with the financial channel CNBC on Friday, Barron believes that in response to the development of the robotic robot Optimus, Tesla could reach more than 3 trillion dollars, or even 4 trillion or 5 trillion dollars, within 10 years. Therefore, he will not sell his Tesla shares at this stage.
He also revealed that Musk believes Tesla's market capitalization is more likely to be worth 30 trillion dollars.
Tesla closed the market and rose $9.54 to $320.72 on Friday.
Source: 9Share

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This week was the first full trading week after the presidential election, and the market continued to respond positively to President-Elect Donald Trump and watched as the GOP won a majority in the Congressional House and Senat...