Episode Summary:
In today’s episode of Malaysia Money Matters, we explore Malaysia’s thriving sectors like renewable energy, healthcare, and tourism while diving into corporate highlights such as IPOs, REIT expansions, and key industry shifts. On the global front, we discuss Trump’s trade policies, the US economic outlook, and the future of Malaysian data centers amidst evolving market dynamics.
Key Highlights:
1. Corporate News & IPOs:
* TechStore IPO:
* Going public on Bursa Malaysia’s ACE Market in February 2025.
* Aims to raise RM30 million to secure complex projects worth RM647.2 million, primarily in public land transportation.
* Heavy reliance on transportation (83.6% of 2024 revenue) signals high growth potential but significant risk.
* Northern Solar Holdings IPO:
* Oversubscribed by 73.2 times, reflecting strong investor confidence in renewable energy.
* Plans for expansion in Penang, Perak, Kedah, Perlis, Sabah, and Johor to capitalize on Malaysia’s green energy momentum.
* Power Root’s Legal Woes:
* Faces a lawsuit from EXIM Bank over a RM7.39 million loan default dating back to 2012.
2. REITs on the Rise:
* AME REIT:
* Reports higher net property income driven by the acquisition of i-Park@Indahpura and increased rental rates.
* Sunway REIT:
* Boosts portfolio with Aeon Mall Seri Manjung amid retail sector recovery.
* CapitaLand Malaysia Trust:
* Focused on industrial and logistics assets in key areas (Penang, Johor, Klang Valley).
3. Real Estate Updates:
* Mah Sing Group:
* Acquires prime Sentul land for RM32 million to develop affordable residences.
* This marks their third project in Sentul, signaling confidence in the area’s growth potential.
4. Sector Updates:
* Healthcare:
* Sunway Healthcare plans an IPO to fund expansions aiming for 3,000 beds by 2030, targeting Perak, Johor, and Kelantan.
* Renewable Energy:
* Northern Solar Holdings’ geographic diversification highlights robust sector growth.
* Jentayu Sustainables faces regulatory hurdles in acquiring three renewable energy firms.
5. Tourism Revival:
* Penang International Airport:
* Reports a surge in arrivals from India, boosted by direct flights from Chennai.
* Government Initiatives:
* Focused on infrastructure investment, streamlined visa processes, and new attractions to boost international and domestic tourism.
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