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Tong's Portfolio
Stock markets work only if they are a ‘growth enabler’, not a cashing-out machine
it’s simple — investors participate only if they can make money.
April 24, 2025
IPO
Q&M to seek secondary listing on Bursa Malaysia’s Main Market
The listing is currently at a preliminary stage and will involve “extensive preparatory work” that make take an “uncertain length of time”.
April 18, 2025
Company in the news
Growing S’pore border demand boosts Malaysian bus firm IPO
Malaysian bus operator HI Mobility is betting on increased traffic at the Singapore border to drive growth as the company readies to start trading in Malaysia today.
March 28, 2025
Malaysia
Malaysia stocks record longest outflow streak since June 2018
The benchmark FTSE Bursa Malaysia KLCI equity gauge is down 6.8% so far this year.
March 27, 2025
IPO
UMS, Grand Venture Tech receive approval from Securities Commission Malaysia for secondary listing
The approval was subject to few conditions, including appointing two directors with residence in Malaysia. The listing still remains subject to approvals from other authorities.
March 25, 2025
Malaysia
Sunway Healthcare picks banks for what could be biggest Malaysia IPO in years
Malaysia’s IPO market raised about US$1.6 billion in 2024, followed by more than US$50 million so far this year.
January 22, 2025
Broker's Calls
CGSI raises Bursa Malaysia’s target price after 55 IPOs in 2024 mark 19-year high
Bursa Malaysia now sees 60 potential IPOs in 2025, and CGS International (CGSI) analyst Winson Ng is projecting “healthy” 7.1% net profit growth for 2025.
January 11, 2025
Tong's Portfolio
Secular fall in global supply of CPO implies more upside for Malaysian plantation stocks
CPO is now trading at a premium to soybean oil, which is contrary to historical norms.
January 09, 2025
IPO
UMS Holdings applies for secondary listing on Main Market of Bursa Malaysia
The company will seek shareholders’ approval at an extraordinary general meeting after receiving all relevant regulatory approvals.
December 31, 2024
Semiconductor
Global AI boom surges, but local semiconductor players face delayed recovery
The semiconductor industry faces a delayed recovery, with risks from US-China tensions. China is probing Nvidia, citing anti-monopoly concerns over its Mellanox acquisition.
December 27, 2024