Bursa sees 19 new listings with market cap of RM11.9b in 2020

BURSA Malaysia saw 19 new listings with a total market capitalisation of RM11.9 billion in 2020, said Securities Commission Malaysia.

The capital market regulator said of the 19 new listings last year, two were on the Main Market, 10 were on the ACE Market and the remaining seven were on the LEAP Market.

“Despite the unprecedented challenges faced due to the Covid-19 pandemic, the Malaysian capital market saw the entry of Mr D.I.Y. Group (M) Bhd (Mr DIY), with a market capitalisation of RM10.04 billion and a total of RM1.51 billion raised.

“Mr DIY’s market capitalisation is the largest since the listing of Lotte Chemical Titan Holding Bhd on the Main Market in 2017,” it said.

It said about RM2 billion was raised from the 19 new listings on Bursa Malaysia.

The SC said it also registered 38 equity prospectuses in 2020, comprising 11 initial public offering (IPO) prospectuses and 27 abridged prospectuses. 

On the corporate bonds and sukuk market, the regulator said total issuances in 2020 amounted to RM104.58 billion in 2020, a 21.26 per cent decrease from RM132.82 billion in 2019.

“In 2020, SC received 64 lodgements under the Lodge and Launch Framework (LOLA) for issuances of corporate bonds and sukuk, as compared to 77 lodgements in the previous year.

“Ringgit-denominated corporate bonds and sukuk issues continued to form the majority of the proposals lodged with the SC, with a total nominal value of RM124.79 billion, of which 79.33 per cent or RM99 billion were sukuk,” it said.

According to the SC, there was an overall decline in the maturity profile of ringgit-denominated corporate bonds and sukuk lodged in 2020.

“The number of ringgit-denominated corporate bonds and sukuk with tenures of one to seven years, and eight to 15 years decreased 9.09 per cent 52.63 per cent respectively.

“Ringgit-denominated corporate bonds and sukuk with tenures of above 15 years have remained the same,” it said.

It said a total of 40 ratings were assigned in 2020 by credit rating agencies to ringgit-denominated corporate bonds and sukuk issues lodged with it.

“The number of unrated issues has decreased 41.86 per cent as compared to 2019,” the SC said, adding that four foreign currency-denominated corporate bonds and sukuk lodged with it in 2020, comprising two corporate bonds and two sukuk.