Malaysia IPO pipeline will keep flowing

There is strong interest by firms wanting to be listed on the local bourse, says Bursa Malaysia Bhd  chief executive Datuk Tajuddin Atan. "There's no drying up in the IPO space. The IPO pipeline is strong, I think you will see a lot of interests. I believe it is an issue of timing now, everybody is watching what's happening in Europe and so forth. "If the timing is right, and the market starts stabilising,  the  interest  will  be  there,"  Tajuddin  said  on  the  sidelines  of  the  5th  International Islamic Capital Market Forum. This year, there were 26 companies which made its debut on the local stock exchange. Last year, there were 29 IPOs.

 

 

THERE is strong interest by firms wanting to be listed on the local bourse, says Bursa Malaysia Bhd chief executive Datuk Tajuddin Atan.

"There's no drying up in the initial public offer (IPO) space. The IPO pipeline is strong, I think you will see a lot of interests. I believe it is an issue of timing now, everybody is watching what's happening in Europe and so forth.

"If the timing is right, and the market starts stabilising, the interest will be there," Tajuddin said on the sidelines of the 5th International Islamic Capital Market Forum yesterday. This year, there were 26 companies which made its debut on the local stock exchange. Last year, there were 29 IPOs.

Tajuddin also welcomes the listing of Felda Global as it will improve the stock market's portfolio quality.


"This would augur well for the capital market to attract investors from local and foreign. They (foreign investors) look at big firms as a benchmark for them to come in (the local stock market)," he said.

Securities Commission chairman Tan Sri Zarinah Anwar made a keynote address at the forum. She stressed the importance for the Islamic finance industry to start moving into the risk-sharing concept.

"For Islamic finance to flourish further and sustain its long-term growth, it must be able to offer a more distinctive value proposition that is universal and all-encompassing.
"In this regard, risk-sharing is one of the cornerstones of the syariah. Risk-sharing contributes to fairness and collaboration, both of which are universal values," Zarinah said.

From Businesstimes

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