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AS the nation is fighting a tough battle against the raging Covid-19 pandemic, three particular news items have caught the attention of investors as it has brought to life the issues that have been bugging the country for a long time.
CTOS Digital Bhd closed its initial public offering (IPO) debut at RM1.62, which is 47% above its IPO price of RM 1.10. Considering the weak market sentiment amidst raging Covid-19 cases in the region and political uncertainty, I would say the IPO was a huge success.
The sell-off on Wall Street on the first day of the trading week sent shivers down the spines of equities traders as the combined impact of resurgent Covid-19 cases and inflation fears were taking precedence over the economic recovery theme.
BENGALURU: Food delivery firm Zomato Ltd shares on Friday nearly doubled in a stellar first listing of a local unicorn in India, setting the pace for a slew of such debuts by internet-based startups that are thriving during the COVID-19 pandemic.
IN 2017, Su Hua, the founder of a Chinese startup called Kuaishou Technology, was on the verge of closing the biggest deal of his career – the acquisition of a fledgling video service that would become TikTok. But arch-rival ByteDance Ltd swooped in with a better offer, and Su missed out on what has become a global sensation.Now, the 38-year-old entrepreneur is getting some payback
Growth in logistics backed by demand for space
KUALA LUMPUR: Shares in Axis Real Estate Investment Trust (Axis REIT) responded positively after its latest earnings came in within expectations.
KUALA LUMPUR: AmInvestment Research believes that Sapura Energy Bhd’s outstanding order book can increase by 10% to RM13bil based on the group’s bids of RM53bil currently.
NEW YORK: China and the United States are shipping goods to each other at the briskest pace in years, making the world’s largest bilateral trade relationship look as if the protracted tariff war and Covid-19 pandemic never happened.