Latest news with #IdealCapital
The Star
05-05-2025
- Business
- The Star
FBM KLCI in the red; ringgit hits seven-month high
KUALA LUMPUR: Bursa Malaysia closed lower on Monday amid a broadly weaker market, while the ringgit climbed to a seven-month high The benchmark FBM KLCI slipped 2.95 points, or 0.19%, to close at 1,539.54, after moving between an intraday high of 1,548.95 and a low of 1,534.52. In today's session, 17 of the KLCI component stocks ended lower, while nine registered gains. On the broader market, losers thumped gainers 604 to 358 while 454 counters were unchanged. About 2.34 billion shares, valued at RM2.08bil, changed hands. Dealers said the upside may remain modest, as near-term sentiment, while supported by easing trade tensions, is unlikely to spark a strong rally. One dealer noted that the key index is expected to follow the gradual recovery seen in global markets, with upcoming corporate earnings being in focus. The ringgit staged a strong performance on the forex market, earlier surging 1.5% to its highest level since October 2024. It gained 1.08% against the US dollar to 4.2110 and strengthened 0.84% against the Singapore dollar to 3.2596. Among the decliners, Ideal Capital fell 36 sen to RM3.23, Kuala Lumpur Kepong lost 34 sen to RM19.52, PETRONAS Dagangan fell 26 sen to RM19.24 and MBM Resources declined 17 sen to RM5.58. Nestle rose 26 sen to RM86.50, Panasonic Manufacturing added 26 sen to RM14, Allianz gained 18 sen to RM18.74 and Malaysian Pacific Industries climbed 16 sen to RM19.66. ACE Market debutant West River dropped two sen, or 5.13%, to 37 sen. It was the most actively traded counter, with 65.97 million shares changing hands. Across the region, overall trading was muted due to public holidays in China, Japan and South Korea.
Zawya
27-03-2025
- Business
- Zawya
Andersen Global expands M&A and valuation capabilities in the UAE
Dubai, UAE: Andersen Global expands its presence in the Middle East through a Collaboration Agreement with Ideal Capital, a M&A and valuation firm, based in Dubai. Founded in 2011 by Ramesh Mahalingam, Ideal Capital has built a reputation serving over 100 clients, including leading corporations, government entities, and prominent family offices in the region. The firm provides management, valuation, transaction, and sustainability advisory services across industries such as banking, education, healthcare, real estate, manufacturing, construction, and oil and gas. 'Our approach remains deeply focused on creating meaningful value for our clients,' said Managing Director Ramesh Mahalingam. 'By collaborating with Andersen Global, we can now expand our reach across diverse industries. This collaboration enables us to provide clients with tailored advice and actionable insights that align closely with their strategic goals and evolving market conditions. By working with the member and collaborating firms of Andersen Global, we ensure that every engagement exemplifies excellence and delivers real, measurable outcomes.' 'Ideal Capital is a key addition and enhances our capabilities in the Middle East as Dubai serves as a major global economic hub,' said Global Chairman and CEO of Andersen Mark L. Vorsatz. 'Ramesh brings more than 35 years of experience in this space and leads a team of professionals with diverse backgrounds, including those with experience at the Big 4. Their focus on valuation and sell-side strategies aligns with our clients' growing demand for sophisticated, global, and seamless transaction advisory services.' About Andersen Global: Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals worldwide. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 19,000 professionals across over 500 locations worldwide through its member and collaborating firms. About Yardstick Marketing: Based in Dubai, Yardstick Marketing is a pioneering digital marketing agency that offers comprehensive public relations and marketing services to start-ups as well as established companies in the technology, retail, finance, energy, and education sectors. With over a decade of experience and a global presence in over 60 countries, the company specializes in offering tailored solutions to meet varied client needs and has successfully curated award-winning marketing campaigns for over 400 brands and numerous Fortune 500 companies. For more information, interviews, insights, and images please contact: Abhirami Vinod abhirami@ Dimple Menezes dimple@ Yardstick Marketing Management PO Box - 116125, Dubai, United Arab Emirates
Associated Press
26-03-2025
- Business
- Associated Press
Andersen Global Expands M&A and Valuation Capabilities in the UAE
Andersen Global expands its presence in the Middle East through a Collaboration Agreement with Ideal Capital, a M&A and valuation firm based in Dubai. Founded in 2011 by Ramesh Mahalingam, Ideal Capital has built a reputation serving over 100 clients, including leading corporations, government entities, and prominent family offices in the region. The firm provides management, valuation, transaction, and sustainability advisory services across industries such as banking, education, healthcare, real estate, manufacturing, construction, and oil and gas. 'Our approach remains deeply focused on creating meaningful value for our clients,' said Managing Director Ramesh Mahalingam. 'By collaborating with Andersen Global, we can now expand our reach across diverse industries. This collaboration enables us to provide clients with tailored advice and actionable insights that align closely with their strategic goals and evolving market conditions. By working with the member and collaborating firms of Andersen Global, we ensure that every engagement exemplifies excellence and delivers real, measurable outcomes.' 'Ideal Capital is a key addition and enhances our capabilities in the Middle East as Dubai serves as a major global economic hub,' said Andersen Global Chairman and CEO of Andersen Mark L. Vorsatz. 'Ramesh brings more than 35 years of experience in this space and leads a team of professionals with diverse backgrounds, including those with experience at the Big 4. Their focus on valuation and sell-side strategies aligns with our clients' growing demand for sophisticated, global, and seamless transaction advisory services.' Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals worldwide. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 19,000 professionals across over 500 locations worldwide through its member and collaborating firms. Andersen Global 415-764-2700 SOURCE: Andersen Global Copyright Business Wire 2025. PUB: 03/26/2025 09:30 AM/DISC: 03/26/2025 09:31 AM
