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Betting on pandemic boom to propel listing
HONG KONG: Top Glove Corp Bhd is betting that pandemic-induced sales can provide enough fuel for its US$1.9bil Hong Kong listing to break through the headwind of US sanctions and the prospect of slower growth as vaccinations become widespread.
Top Glove bets on pandemic boom to propel ambitious US$1.9bil HK listing
HONG KONG/SINGAPORE/KUALA LUMPUR: Malaysia's Top Glove Corp Bhd is betting that pandemic-induced sales can provide enough fuel for its $1.9 billion Hong Kong listing to break through the headwind of U.S. sanctions and the prospect of slower growth as vaccinations become widespread.
China's CIC eyes US investment after fund with Goldman raised $2.5b
BEIJING: China's $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount.
ANALYSIS: Top Glove bets on pandemic boom to propel ambitious US$1.9bil HK listing
Kuala Lumpur: Analysts said the unknown pace of vaccination programmes mean the world's largest medical gloves maker could command a higher price for its stock by listing sooner rather than later, while the firm when announcing its plan on Friday talked up post-pandemic sales likely exceeding pre-pandemic levels.
Malaysia’s exports of rubber products jump to nearly RM41b in 2020
KUALA LUMPUR: Malaysia’s rubber products surged to a record of RM40.96bil in 2020 due to the spike in exports of latex goods mainly medical devices such as gloves and catheters due to the Covid-19 pandemic.
Bank Negara seen holding key rate tomorrow
KUALA LUMPUR: Bank Negara is expected to leave its key interest rate steady tomorrow, according to a Reuters poll, as a slowdown in new coronavirus infections and a recently launched vaccination drive boost confidence in the economic recovery.
Approved investments at RM164bil in 2020
KUALA LUMPUR: Malaysia recorded RM164bil in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020, with China as the top investor, according to the Malaysian Investment Development Authority’s (Mida) data.
Bank Negara seen holding key rate as infections slow, Covid-19 vaccination starts
KUALA LUMPUR: Malaysia's central bank is expected to leave its key interest rate steady on Thursday, according to a Reuters poll, as a slowdown in new coronavirus infections and a recently launched vaccination drive boost confidence in the economic recovery.
Foreign investors sell RM477.5mil local equities in final week of February
KUALA LUMPUR: Foreign investors disposed of RM477.5mil net of local equities during the final week of February 2021 compared to the RM466.4mil disposed of in the preceding week.
