Tag: Bursa Malaysia
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Genting Malaysia Takeover Offer Deemed Not Fair by Kenanga IB and Independent Adviser
Overview: Independent Adviser Criticizes Genting Malaysia Takeover Bid The takeover proposal for Genting Malaysia Berhad (GENM) has drawn sharp criticism from industry observers afterKenanga Investment Bank (Kenanga IB) declared the bid by the Lim family-controlled operator of gaming and resorts as “not fair” and “not reasonable.” The independent adviser’s stance, disclosed in a circular filed…
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Pertama Digital Eyes Regularisation Plan as Shares Slump on Trading Suspension Warning
Background: Pertama Digital faces regulatory pressure Pertama Digital Bhd, a Kuala Lumpur-listed software and technology services company, found itself under renewed market scrutiny after warning investors of a potential trading suspension in connection with its ongoing financial regularisation process. The company has previously signaled that a comprehensive plan to fix its finances is underway, but…
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GLICs and KNM: The KLCI’s Backbone Faces Challenges
GLICs: The silent backbone of Bursa Malaysia Government-linked investment companies (GLICs) have long stood as the bedrock of the Malaysian equity market. By representing roughly a quarter of the market capitalisation on Bursa Malaysia, their influence extends far beyond annual investment statements. These state-linked institutions are tasked with safeguarding national economic interests, fostering growth in…
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KLCI component stocks aren’t the bluest of chips for GLICs + KNM’s last stand
Introduction: The GLICs at the Core of Bursa Malaysia Government-linked investment companies, or GLICs, form the bedrock of the Malaysian equity market. They account for roughly a quarter of the market capitalisation on Bursa Malaysia, guiding capital flows and signaling confidence—or concern—to other investors. While they are long-term backstops for growth, their influence also shapes…
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KLCI Component Stocks: The GLIC Backbone and KNM’s Last Stand
Glancing at the KLCI: What the GLICs Bring to Bursa Malaysia When investors think of the Malaysian equity market, the KLCI’s resilience often hinges on the big, government-linked investment companies (GLICs) that dominate a substantial portion of the index. Representing roughly a quarter of Bursa Malaysia’s market capitalisation, these state-linked investors act as the backbone…