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Maybank Investment Bhd expect bullish capital market in 2017

Thursday, 9 February 2017

KUALA LUMPUR: Maybank Investment Bank Bhd expects the capital market to be bullish in 2017 with the issuances of local bonds expected to be between RM80 billion and RM85 billion.

Chief Executive Officer, Datuk John Chong, said 80% of these bonds, predominantly to fund infrastructure projects, were likely come from sukuk issuance.

“We are involved in major infrastructure projects with Sarawak Hidro and arranged rights issue of over RM2 billion for Sime Darby Bhd”.

Chong added that there was a healthy pipeline of initial public offerings and fund-raising exercises to fill the market throughout the year.

On the ASEAN-6 economies which comprised Malaysia, Singapore, Indonesia, the Philippines, Thailand and Vietnam, he said, they might grow by 4.8% in 2017 and 4.9% in 2018, picking up from the estimated 4.6% in 2016.

The investment bank’s data showed ASEAN-6 was to invest US$600 billion (US$1 = RM4.43) in infrastructure projects between 2016 and 2020, with some 92% of the projected infrastructure spending allotted for transportation, electricity and power.

Source by: Internet

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