Taking a ‘Leap’ of faith with SMEs -Bursa cuts regulatory burden to lower the entry barrier for smaller businesses
.
BIG is no longer beautiful.
.
A vast majority of large initial public offerings (IPOs) in recent years are now under water, with Lotte Chemical Titan Holdings Bhd being the latest flop.
.
In the meantime, the list of companies planning to float their shares on Bursa Malaysia has dwindled to a trickle.
.
New listings are rare and far between.
In the past 10 years, the number of public-listed companies has barely budged, stagnating at fewer than 1,000.
.
The proposed merger between RHB Bank Bhd and AMMB Holdings Bhd, if it goes through, will further reduce the shrinking list of quality companies in the market.
.
Even the recent entry of Lotte didn’t add to the numbers.
.
The company was taken private by its South Korean owner in 2011 and made its return earlier this week.
.
To reinvigorate the IPO market, Bursa is taking a leap of faith with the small- and medium-sized enterprises (SMEs).
.
Enter the Leading Entrepreneur Accelerator Platform, or Leap Market.
.
Bursa chief executive officer Datuk Seri Tajuddin Atan (pic) says the third board on the exchange, to be launched on July 25, is intended to broaden the funding options available to companies that are too small to list on the Main Market or Ace Market.
.
The Leap Market, he says, is positioned to fill the gap between the capital market and start-ups.
.
“It is a platform for entrepreneurs to showcase their companies,” he says, adding that the bourse has taken the Taipei Exchange’s SME market and Korea New Exchange as models for the market.
.
The South Korean market gets its inspiration from London’s Aim market.
.
There is a growing trend among stock exchanges around the world to provide a special market for SME fund-raising.
.
Bursa will be the first stock exchange in Asean to launch a dedicated platform for SMEs.
.
Its counterparts in Thailand and Indonesia have also announced plans to introduce a similar initiative.
.
At stake is the region’s fast-growing SME sector, which accounts for between 30% and 53% of Asean’s gross domestic product.
.
Bursa is hoping to attract the most promising of the small companies to list their shares.
.
As the start-ups and small businesses grow, some of them would eventually move up to the bigger boards on Bursa.
.
“This allows a better pipeline for us,” Tajuddin says
.
Source: The Star
.
#LeapMarket
#BursaMalaysia
#SMEs
90% SAHAM IPO YANG SENARAI PADA JAN-JULAI TAHUN 2017 'OVERSUBSCRIBE' & NAIK PADA HARI PERTAMA PENYENARAIAN
.
Ini adalah kelebihan melabur saham IPO dari 10 saham IPO yang tersenarai 9 daripadanya naik pada hari pertama penyenaraian.
.
Baru-baru ini saham Advancecon Holdings Berhad disenaraikan pada 10 Julai 2017 dengan kenaikan lebih dari 34% pada hari pertama penyenaraian.
.
Manakala saham Lotte Chemical Titan Holdings turun dan tutup lebih rendah dari harga tawaran pada hari pertama penyenaraian pada 11 Julai 2017.
.
Bagi yang tersangkut dengan saham IPO yang turun ini,jangan risau boleh tebus dengan saham-saham IPO yang lain.
Dijangkakan lepas ini banyak lagi IPO yang akan disenaraikan pada tahun 2017.
.
#IPO
#BursaMalaysia
LCT Tersenarai Di Bursa Malaysia
.
KUALA LUMPUR 11 Julai - Pengeluar olefins dan polyolefins bersepadu terbesar di Malaysia, Lotte Chemical Titan Holding Berhad (LCT) menjadi syarikat terbaharu tersenarai dalam Pasaran Utama Bursa Malaysia dengan harga pembukaan pada RM6.50, tidak berubah daripada harga tawaran awam permulaannya (IPO) yang ditetapkan sebelum ini.
Presiden dan Ketua Pegawai Eksekutif LCT, Dr. Lee Dong Woo berkata, LCT juga berjaya meraih kira-kira RM4 bilion menjadikannya IPO terbesar di Malaysia sejak 2012 dengan pemodalan pasaran kira-kira RM15 bilion.
“Kami gembira meraikan penyenaraian LCT dalam Pasaran Utama Bursa Malaysia dengan sokongan daripada pelabur Malaysia dan antarabangsa akan memastikan asas pemegang saham yang kukuh kepada syarikat.
“Sentimen positif dalam kalangan pelabur juga membuktikan keyakinan mereka kepada LCT dan negara ini sebagai destinasi pelaburan yang menarik,” katanya pada majlis penyenaraian LCT di Bursa Malaysia di sini hari ini.
Majlis tersebut disempurnakan oleh Presiden dan Ketua Unit Perniagaan Kimia, Lotte Group, Huh Soo Young dan Pengerusi LCT, Tan Sri Abdul Rahman Mamat dengan memukul gong sambil disaksikan oleh Dong Woo. -
Sumber; UTUSAN
Lotte Chemical Titan Slips On Debut In Malaysia’s Biggest IPO In Five Years
.
KUALA LUMPUR, July 11 — Shares of Lotte Chemical Titan Holding Bhd fell in their Malaysian stock market debut today due to soft investor appetite for the country's biggest initial public offering in five years.
Lotte Chemical Titan started trading on Bursa Malaysia at its IPO offer price of RM6.50 per share, but had drifted lower to RM6.44 by 0142 GMT.
The integrated petrochemical producer, part of South Korean conglomerate Lotte Group, raised RM3.77 billion in the IPO — the largest in Malaysia since 2012.
Last week, the company had to cut the size of its offering by a fifth to 580 million shares after its books were undersubscribed.
The IPO was priced at the lower end of the indicative price range of RM6.50-8.00 per share.
Maybank, the principal adviser on the deal, said on Friday that it might buy the over-allotment shares to stabilise the counter's price, if needed. Over-allotment shares represent 4.8 percent of the total amount of shares offered in the IPO.
Credit Suisse, JPMorgan and Maybank were joint global coordinators for the IPO. Bookrunners were CIMB, HSBC and Nomura.
“The proceeds raised from our IPO will be used to drive our expansion plan in the Asean region to further improve operations and capacity...” Lotte Chemical Titan CEO Lee Dong Woo said today.
The funds would be used to construct a polypropylene plant in the southern Malaysian state of Johor, develop an integrated petrochemical facility in Indonesia and upgrade the company's existing naphtha cracker, he said.
Lotte Chemical Titan had originally planned the IPO for last year but postponed it after South Korean authorities began investigating Lotte Group for alleged wrongdoing. — Reuters
Source: MalayMail
Advancecon most active, jumps 32% on Bursa debut
.
KUALA LUMPUR (July 10): The top actively-traded counter this morning was earthworks and civil engineering services provider Advancecon Holdings Bhd, whose shares jumped as much as 31.75% on its Bursa Malaysia debut this morning.
At midday break today, shares of Advancecon were traded at 83 sen, with some 103.71 million shares exchanging hands.
Earlier, the counter opened at 75 sen, a 12 sen or 19% premium over its issue price of 63 sen each.
The initial public offering (IPO) entails the public issue of 90 million new shares, representing 22.4% of its enlarged issue share capital, at an issue price of 63 sen per share.
On June 30, Advancecon said its orderbook as at May 19 amounted to RM572.5 million, which is expected to sustain the group for the next two years.
Raising RM56.7 million, the group plans to utilise the IPO proceeds to be spent on capital expenditure (CAPEX), working capital, repayment of bank borrowings and defraying of listing expenses.
Going forward, Advancecon is optimistic of a new phase of growth.
"We would focus on securing more jobs; we will not neglect enhancing efficiency, in order to generate better performance and improve the speed of delivery," its chief operating officer cum executive director Yeo An Thai said.
Source: The Edge
