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Free Malaysia Today
9 hours ago
- Business
- Free Malaysia Today
Strong investor interest, but Penang land take-up modest, says Chow
Chief minister Chow Kon Yeow launching the Penang Industrial Master Plan 2030. (Bernama pic) GEORGE TOWN : Penang chief minister Chow Kon Yeow said despite the state continuing to attract investors amid a global semiconductor boom, demand for new industrial land remains modest, with just about 100 acres (40ha) taken up each year. The state government, however, has over 2,000 acres (800ha) of industrial land earmarked for development, including sites under acquisition, reclamation or request-for-proposal stages, to ensure long-term availability for future growth. Chow was responding to a question on the availability of industrial land in the state to cater to future investors. 'At 100 acres a year, 2,000 acres will last us for decades. For example, one of our industrial parks, which spans over 1,000 acres, took more than 15 years to complete since it was initiated in 2008,' he told reporters here today. Chow said not all investors want land, adding that Chinese investors, for example, are content with taking up idle factories so they have a quick turnaround. He said these Chinese investors would rather purchase or lease existing factory sites and repurpose them instead of waiting for new land to be made available. 'They want to start quickly, so they look for idle or underutilised factories. Sometimes, these are leased or bought from companies with excess capacity,' he said. He also said there are factories with enough land to expand within their compounds, and they build new facilities there. 'These count as fresh investments, too,' he said. He said Penang recorded RM13 billion in approved investments recently, but this figure covers various areas, including brownfield sites, digital economy initiatives and existing infrastructure. Earlier, Chow launched the Penang Industrial Master Plan 2030, which will help expand and improve industrial land supply, infrastructure, and human capital, with a total of 44 projects estimated to cost RM41.2 billion. The plan covers both physical and non-physical industrial development, including zoning of new greenfield sites, upgrading existing greyfield and bluefield industrial areas, and rehabilitating brownfield sites. Greenfield areas are untouched land meant for brand-new industrial parks, while greyfield zones are older, underused sites that can be upgraded. Bluefield areas combine new development with the revitalisation of existing spaces, and brownfield sites are former industrial areas that may be polluted or abandoned, targeted for clean-up and reuse. Penang currently has 54 industrial parks and more than 8,900 manufacturing-related establishments, the majority located in Seberang Perai. Key industries include machinery and equipment, electrical and electronics, basic and fabricated metal products, and food processing technology. The plan forecasts a total of 5,310ha of industrial land available by 2030, with new zones identified for future development in Batu Kawan, Bertam, and Penang South Island (reclaimed island).
Irish Times
10-06-2025
- Business
- Irish Times
You never forget your first time investing, study finds
It seems you never forget your first stock. A new study, Love at First Trade, finds people form a surprisingly strong attachment to their debut stock – even when it doesn't love them back. Researchers analysed trading records of Chinese retail investors from 2013 to 2016 and found a persistent 'first stock bias'. Investors kept buying their first stock again and again – more often, and with more money, than any other. This held true whether it had made or lost them money. Some investors even chase stocks in the same industry, hoping lightning will strike twice. It rarely does: returns from rebuying the first stock tend to underperform. READ MORE Men are especially prone, particularly if their first trade was a winner. Experience is no cure: seasoned investors were more biased, not less. The primacy effect is well known in psychology. This study shows how stubbornly it shapes portfolios. 'First love is often beautiful, yet blind – and sometimes painful,' the authors conclude. The same, it seems, goes for that first trade.
South China Morning Post
03-06-2025
- Business
- South China Morning Post
Ray Dalio's Bridgewater taps rich Chinese investors for Asia fund
Bridgewater Associates is tapping rich Chinese investors seeking exposure to overseas assets, with plans to raise an Asia-strategy fund as the region's policymakers look to stimulate local economies following US President Donald Trump's global tariffs. Advertisement The US giant's Shanghai-based China private fund management arm is looking to raise money for an onshore product for local clients this month before investing into its offshore Asia ex-China Total Return Fund, according to people familiar with the matter. The fund has generated a 20.7 per cent annualised return since its inception in October 2023, the people said, asking not to be named as the matter is private. Bridgewater declined to comment in an email. The firm, founded by Ray Dalio, is building on its momentum among Chinese clients after boosting onshore assets under management by around 40 per cent to more than 55 billion yuan (US$7.6 billion) last year, on the back of its multi-asset strategy fund outperforming many local rivals. Bridgewater Associates' founder Ray Dalio pictured in May 2024. Diversification across Asian markets now promises to benefit investors as higher tariffs will drag down growth and also likely suppress inflation in the region, giving its policymakers room to stimulate domestic demand, according to the company. Advertisement
Bloomberg
03-06-2025
- Business
- Bloomberg
Bridgewater Taps China's Wealthy With a 21% Return Asia Strategy
Bridgewater Associates is tapping rich Chinese investors seeking exposure to overseas assets, with plans to raise an Asia-strategy fund as the region's policymakers look to stimulate local economies following President Donald Trump's global tariffs. The US giant's Shanghai-based China private fund management arm is looking to raise money for an onshore product for local clients this month before investing into its offshore Asia ex-China Total Return Fund, according to people familiar with the matter. The fund has generated a 20.7% annualized return since its inception in October 2023, the people said, asking not to be named as the matter is private.
