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KUALA LUMPUR: Other IPOs are expected this year, but in terms of value, they would be well below 2017 given the challenges the stock market will face in 2018, according to Datuk, CEO of Bursa Malaysia Bhd. Seri Tajuddin Atan.
"We do not have a big pipeline at the moment, we hope to see bigger companies come in," Tajuddin said at a press conference today.
"There are some that are not ready yet and that could not be taken into account.I hope they will re-pack and make sure that they are ready to be listed, "he added.
As of June 30, Tajuddin said the stock market attracted 11 new listings for a total value of RM 2 billion, compared with 13 registrations for a value of 21 billion RM in the year 2017.
He said that these are issuers expected the results of the 14th general election, adding that geopolitical uncertainty, trade tensions and macroeconomic conditions had also influenced business investment activities.
On the outlook, Tajuddin said the performance of the securities market segment is expected to remain resilient, given the strong economic fundamentals and the strength of the market. Approach of the new u government to enhance transparency and accountability as well as sustained growth prospects.
He added that trading and hedging activities will continue to be influenced by the volatility of commodity prices and the underlying equity market.
Tajuddin also noted that the introduction of a futures contract on the refined, bleached and deodorized palm olein in US dollars is expected to attract new participants, enhance the opportunities of & 9 ol,,,,,,,,,, Arbitrage and help manage the refining margins of palm oil. On the Islamic capital market, Tajuddin said the exchange would continue to promote Shariah-compliant investment on the Bursa Malaysia-i platform through engagements with market players and activities. intensified promotions to private investors such as the Shariah Investing Fair.
"Bursa Suq Al Sila" on the other hand, will continue to expand its global reach in the regions of Africa and Central Asia in 2018. "
The net profit of Bursa Malaysia decreased by 2.2% to RM 58.2 million, and in the second quarter ended June 30, it was R $ 59.5 million in the previous quarter.
Business of the quarter fell by 1.48% to 141 million RM against 142.67 million RM in the same period a year ago.
For the semester, its net profit increases by 5 million to 122 million RM million the previous year, while the turnover rose 2.1% to RM 291.3 million previously RM285.4 million.
Net profit higher is mainly due to the increase in operating income of RM 279.1 million, an increase of 3.6% over the previous previous half year. [19659002] This is the highest semi-annual operating income of Bursa Malaysia since 2005. [19659002] The Exchange has approved a first interim dividend of 14 sen per share and a special dividend of 8 sen per share for the fiscal year ending December 31, for an amount of about RM 177.6 million payable August 16 and 29.
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