FDI is said to have increased due to the region reopening its doors, the restoration of tourism industry and booming domestic demand.
The audit and financial advisory firm said foreign direct investment has increased due to the region reopening its doors, the restoration of tourism industry and booming domestic demand.
Deloitte Malaysia Disruptive Events Advisory leader Wong Kar Choon revealed that the IPO of property developer Radium Development Bhd and electronics manufacturer Cape EMS Bhd in 1H23 were among the top 10 listings in South-East Asia, with a combined total of RM667.7mil proceeds raised. “The recent announcement by the Prime Minister on capital market competitiveness has provided substantial positive messages for stakeholders in the capital market, which include the reduction of stamp duty rates for the trading of listed shares on Bursa Malaysia and a re-look at policies to attract and widen the pool of investors,” Wong said.
The growth factor also resonates with Rakuten Trade head of equity sales Vincent Lau, who is of the opinion that the IPO vigour could be carried on for the rest of 2023, assuming the results of the six state elections tomorrow maintains a status quo. “A listing on the ACE Market is a different ball game compared with a listing on the Main Market of Bursa Malaysia.
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