PETALING JAYA, 21 FEBRUARY, 2012: Maybank
Investment Bank Bhd is talking with several prospective companies to float
their shares on the local bourse, its chief executive officer Tengku Zafrul
Tengku Aziz said today.
He said the investment bank was involved in
the upcoming initial public offering (IPO) exercise for Felda Global Ventures
Holdings, Gas Malaysia and Integrated Healthcare Holdings.
"Another three to five companies are in
the pipeline. These are big companies," he told reporters after the launch
of the investment bank's mobile trading application.
Last year, Maybank Investment Bank arranged
for four big IPOs involving MSM Malaysia Holdings, Eversendai Corp, Bumi Armada
and Pavilion REIT.
"We are quite bullish about the market's
outlook (regionally) even though the past few months have been quite
challenging. We expect the market to gain its momentum in the next three to six
months," Tengku Zafrul said.
Meanwhile, Wong Chew Hann, Director, Head of
Research, Equity Markets, said the local bourse and its regional peers are
experiencing liquidity-driven rally, but not the start of a bull-run,
especially with lots of funds flowing into the Asian region.
However, the bank was maintaining its modest
year-end target for FBM KLCI at 1,500 points, she said.
Tengku Zafrul concurred, saying the growth
stories are still in Asia.
"We are bullish on Thailand, Indonesia
and the Philippines but we are neutral on Malaysia," he said.
On its first mobile trading application for
iPhone and iPad, Tengku Zafrul said the application features a simple
navigation system which offers important information on market summaries,
indices and top 10 lists of performing and non-performing stocks.
"We are bullish on the prospects for this
new application as about 20 to 30 per cent of our stockbroking clients are
already trading via the internet," he added.
Bernama
Business & Investment Opportunities
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