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Reuters
28-05-2025
- Business
- Reuters
Asian bonds draw largest foreign inflow in eight months in April
May 28 (Reuters) - Investors from outside Asia piled into bonds from the region in April, especially in the second half of the month, seeking to diversify from the United States in their quest for markets with stable, high yields and appreciating currencies. These investors bought bonds worth $8.92 billion, on a net basis, in April, the highest for any month since last August, according to data from regulatory authorities and bond market associations in South Korea, India, Indonesia, Thailand and Malaysia. Interest rate cuts in the region -- in India, Thailand and the Philippines last month and in Indonesia earlier this month -- also enticed investors as bond prices rose in tandem. The highest inflows were into South Korea, where foreign investors bought $7.91 billion in bonds, the most since May 2023, although they pulled $6.97 billion from the equity market. Investors also added $2.37 billion in Malaysian bonds and $1.6 billion in Thai bonds. In contrast, Indonesia recorded net outflows of $1.4 billion due to concerns over potential fiscal slippages and sluggish growth. Despite a rate cut, India recorded outflows of $1.55 billion, which analysts said was mainly due to nerves following the country's short-lived military conflict with Pakistan. U.S. President Donald Trump's announcement of reciprocal tariffs early in April sparked turmoil across financial markets globally, but he announced a 90-day pause for most countries later in the month, which calmed investors and drew them back to markets, including the bond market, analysts said. Market sentiment improved further this month after the U.S. and China agreed to a 90-day trade negotiation period during which the duo would lower import tariffs on one another. However, bond markets remain under pressure. Long-dated U.S. Treasury yields are soaring, with bonds weighed by concerns over a worsening fiscal outlook and Moody's recent downgrade of the U.S. credit rating. "The global bond market has experienced extraordinary volatility amid heightened trade tensions and worries about public debt. Asian government bonds may not be immune to the sell-off, but the impact is expected to be manageable," said Samuel Tse, an investment strategist at DBS Bank. He said there is still room for the yield gap between emerging Asian government bonds and U.S. Treasuries to narrow, which makes Asian bonds appealing for investors looking at overall returns in local currency terms.
Bloomberg
27-05-2025
- Business
- Bloomberg
Sell Your Crypto on the Stock Exchange
Last Tuesday, SharpLink Gaming Inc. was an online marketing company for sports betting with a stock price of about $2.91 per share and an equity market capitalization of about $2 million. It was listed on the Nasdaq, but only barely; a few weeks ago it had to do a reverse stock split to stay above Nasdaq's $1 minimum stock price, and it also didn't meet Nasdaq's minimum $2.5 million shareholders' equity requirement. So on Tuesday it announced a stock offering, raising $4.5 million at $2.94 per share, with a use of proceeds of 'regaining compliance with Nasdaq's minimum requirement for total stockholders' equity.' Though it added: 'We may elect to use a portion of the proceeds to acquire crypto currencies in connection with execution of the potential treasury strategy we currently have under consideration.' And why wouldn't it? SharpLink was only in the very most technical sense a US public company: It had a public listing, but with a $2 million market capitalization it did not really meet the requirements for a public listing, and its business — with revenue in the mid seven figures — did not really justify the expense and complexity of being a public company. In the past, that would be bad.
Free Malaysia Today
23-05-2025
- Business
- Free Malaysia Today
Bursa extends losses amid risk-off sentiment
KUALA LUMPUR : The FTSE Bursa Malaysia KLCI (FBM KLCI) has extended its decline for a fourth consecutive session today, underscoring a deepening risk-off sentiment across Malaysia's equity market, said an analyst. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Sedek Jantan noted that foreign investors remained net sellers on both Monday and Tuesday, amplifying the sell-off as external macroeconomic and geopolitical headwinds continue to dominate investor positioning. 'Market sentiment remains fragile as global investors weigh persistent political and fiscal uncertainty in the US,' he told Bernama. Despite resilient domestic fundamentals, evidenced by strong export figures released, the local market performance remains largely dictated by exogenous variables. 'Until greater clarity emerges on the US fiscal path and monetary policy trajectory, market volatility is likely to persist, warranting a cautious but opportunistic approach,' he added. At 5pm, the FBM KLCI fell 4.07 points, or 0.26%, to 1,544.80 from yesterday's close of 1,548.87. The benchmark index opened 4.07 points higher at 1,552.94 and fluctuated between 1,542.47 and 1,553.84 throughout the trading session. In the broader market, losers thumped gainers 649 to 342, while 464 counters were unchanged, 963 untraded, and seven suspended. Turnover increased to 3.27 billion units worth RM2.16 billion against 2.61 billion units worth RM1.98 billion yesterday. Among heavyweights, IHH Healthcare added one sen to RM6.96, CelcomDigi rose two sen to RM3.90, Hong Leong Bank advanced 10 sen to RM20, Press Metal Aluminium climbed nine sen to RM5.05, MISC was flat at RM7.66, while Maybank, Tenaga Nasional and CIMB all fell four sen to RM10, RM14.10 and RM7, respectively. For active stocks, Harvest Miracle and MyEG perked up 0.5 sen each to 18.5 sen and 90 sen, respectively. Tanco increased one sen to 96.5 sen, Sarawak Cable shed five sen to three sen, Inari Amertron slipped 15 sen to RM1.87, and NationGate went down four sen to RM1.57. On the index board, the FBM Emas Index shed 41.23 points to 11,525.68, the FBMT 100 Index slid 34.20 points to 11,282.77, the FBM Emas Shariah Index went down 17.23 points to 11,445.65, the FBM 70 Index lost 67.47 points to 16,345.90, and the FBM ACE Index shaved off 27.49 points to 4,626.05. Across sectors, the financial services index tumbled 100.05 points to 18,215.87, the industrial products and services index eased 1.41 points to 155.05, the energy index slipped 1.81 points to 712.96, while the plantation index rose by 48.85 points to 7,329.78. The Main Market volume expanded to 1.33 billion units valued at RM1.87 billion from yesterday's 1.17 billion units valued at RM1.75 billion. Warrants turnover advanced to 1.62 billion units worth RM191.45 million from 1.07 billion units worth RM128.67 million yesterday. The ACE Market volume declined to 327.86 million units worth RM96.64 million from 363.69 million units worth RM102.09 million previously. Consumer products and services counters accounted for 208.40 million shares traded on the Main Market, industrial products and services (281.74 million), construction (110.26 million), technology (190.91 million), SPAC (nil), financial services (69.37 million), property (146.26 million), plantation (17.55 million), REITs (9.50 million), closed/fund (nil), energy (139.13 million), healthcare (37.16 million), telecommunications and media (35.97 million), transportation and logistics (26.06million), utilities (5383 million), and business trusts (300).
Yahoo
23-05-2025
- Business
- Yahoo
Undiscovered Gems In The United Kingdom May 2025
The United Kingdom's equity market has recently faced challenges, with the FTSE 100 and FTSE 250 indices experiencing declines due to weak trade data from China, highlighting the interconnectedness of global economies and the impact on UK-based companies. In such a volatile environment, identifying undiscovered gems within the market requires an eye for stocks that demonstrate resilience and potential for growth despite broader economic pressures. Name Debt To Equity Revenue Growth Earnings Growth Health Rating BioPharma Credit NA 7.22% 7.91% ★★★★★★ Livermore Investments Group NA 9.92% 13.65% ★★★★★★ B.P. Marsh & Partners NA 29.42% 31.34% ★★★★★★ MS INTERNATIONAL NA 13.42% 56.55% ★★★★★★ Rights and Issues Investment Trust NA -7.87% -8.41% ★★★★★★ Andrews Sykes Group NA 2.08% 5.03% ★★★★★★ FW Thorpe 2.95% 11.79% 13.49% ★★★★★☆ Goodwin 37.02% 9.75% 15.68% ★★★★★☆ AltynGold 73.21% 26.90% 31.85% ★★★★☆☆ Law Debenture 17.80% 11.81% 7.59% ★★★★☆☆ Click here to see the full list of 58 stocks from our UK Undiscovered Gems With Strong Fundamentals screener. Let's uncover some gems from our specialized screener. Simply Wall St Value Rating: ★★★★★★ Overview: Fonix Plc specializes in mobile payments and messaging services, along with managed services for sectors such as media, charity, gaming, and e-mobility in the United Kingdom, with a market cap of £212.52 million. Operations: Revenue from facilitating mobile payments and messaging stands at £75.18 million. Fonix, a nimble player in the UK market, showcases robust financial health with no debt over the past five years and high-quality earnings. Despite a slight dip in sales to £38.75 million for the half year ending December 2024, net income rose to £6.06 million from £5.69 million previously, reflecting strong operational efficiency. Earnings have grown at an impressive 14.8% annually over five years, although future earnings are expected to see a minor average decline of 0.2% per year over three years while revenue is anticipated to grow by 10%. The company also declared an increased interim dividend of 2.9p per share as part of its progressive policy. Click to explore a detailed breakdown of our findings in Fonix's health report. Evaluate Fonix's historical performance by accessing our past performance report. Simply Wall St Value Rating: ★★★★★☆ Overview: Goodwin PLC, with a market cap of £509.15 million, operates in mechanical and refractory engineering solutions across the United Kingdom, Europe, the United States, the Pacific Basin, and other international markets. Operations: Goodwin PLC generates revenue primarily from its mechanical segment (£168.02 million) and refractory segment (£75.58 million). Goodwin's financial health reflects its potential, with earnings surging by 23% last year, outpacing the machinery industry's -7.7%. Its debt to equity ratio has climbed from 27.2% to 37% over five years, yet interest payments are comfortably covered at 8.4 times by EBIT. Trading at a significant discount of about 58% below estimated fair value suggests room for appreciation. The net debt to equity ratio stands at a satisfactory 25%, indicating prudent financial management. Recent events include a dividend payout and participation in industry conferences, reinforcing its commitment to shareholder value and industry engagement. Dive into the specifics of Goodwin here with our thorough health report. Learn about Goodwin's historical performance. Simply Wall St Value Rating: ★★★★★☆ Overview: Pollen Street Group, founded in 2015 and headquartered in London, is a financial services company with a market cap of £472.04 million. Operations: Pollen Street Group generates revenue primarily from its Asset Manager segment (£66.80 million) and Investment Company segment (£60.38 million), while the Central segment incurs a negative contribution of £8.73 million. Pollen Street Group, a notable player in the UK financial sector, is seeing significant growth with earnings up 24.2% over the past year, outpacing industry averages. Their price-to-earnings ratio of 9.5x suggests good value compared to the broader UK market's 16.4x, while their debt-to-equity ratio has improved from 51.7% to 32.5% over five years, indicating prudent financial management. Recent strategic moves include ongoing discussions for acquiring Hipoges Iberia and a completed share buyback of £22.9 million (5.08%). With dividends set at no less than £0.55 per share in 2025, Pollen Street's robust performance and shareholder-friendly actions highlight its potential as an attractive investment opportunity within its sector. Pollen Street Group's Private Equity Fund V surpasses targets, driving revenue and margin growth; click here to explore the full narrative on their strategic expansion. Delve into our full catalog of 58 UK Undiscovered Gems With Strong Fundamentals here. Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:FNX LSE:GDWN and LSE:POLN. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Zawya
19-05-2025
- Business
- Zawya
ECM welcomes India-Pak ceasefire: IFR
India's equity capital market welcomed the ceasefire between the country and Pakistan with seven follow-on share offerings totalling Rs201bn (US$2.35bn). The truce, coupled with a de-escalation in trade hostilities between the US and China, raised investor spirits and sent the Sensex index up 3.7% on May 12. "That shift in tone has supported a spate of block offerings this week, all of which have traded well. It's a strong signal that the market is open and constructive, and that bodes well for the pipeline of upcoming deals," said Kailash Soni, head of India ECM at Goldman Sachs. India conducted strikes against Pakistan on May 7, two weeks after 26 civilians were killed in a terrorist attack in the Indian state of Jammu and Kashmir. After four days of shelling and aerial incursions, a ceasefire was announced on May 10. The unexpectedly early truce encouraged bankers to rush deals to the market. Singapore Telecommunications raised Rs128.8bn (US$1.51bn) through an upsized block in telecoms company Bharti Airtel at Rs1,814.07, a 2.8% discount to Thursday's close of Rs1,867.20. The deal was increased in size to 71m shares or 1.2% of the capital from 47.6m shares (0.8%). JP Morgan was sole bookrunner. Controlling shareholder Sajjan Jindal Family Trust raised Rs12bn through a block in private port operator JSW Infrastructure at Rs288.10, a 3% discount to the pre-deal close of Rs297.05 on Thursday. Around 42m shares or 2% of the capital were sold. Jefferies wa s the sole bookrunner. Chinese fintech Ant Group has raised Rs21bn through the sale of 25.5m shares in payment company Paytm, officially called One 97 Communications, at Rs823.10 each, a 5% discount to Monday's close of Rs866.05 and above the floor price of Rs809.75. Citigroup and Goldman Sachs were the bookrunners. Around 40 accounts participated with the majority being overseas. The top 10 were allocated 75% of the deal. General Atlantic Singapore Fund raised Rs17.9bn through an upsized block in technology services provider KFin Technologies at Rs1,040, a 7% discount to Monday's close of Rs1,117.90 and above the floor price of Rs1,025. The transaction was upsized to 17.2m shares from 11.8m. Around 30 accounts participated, including Copthall Mauritius, Kotak Mahindra Mutual Fund and Societe Generale. IIFL Capital and Investec Capital were bookrunners. The end of the IPO lockup in food delivery company Swiggy on May 12 prompted an undisclosed vendor to raise Rs10.7bn through a club deal sold in a Rs300–Rs310 range on Tuesday and at a 3.2%–6.3% discount to the pre-deal close of Rs320.30 on Monday. A handful of investors participated in the club deal, which was crossed on the local stock exchange at multiple prices. HSBC is understood to have been involved in the transaction. SoftBank-backed Indian food delivery company Swiggy completed a Rs113bn IPO in November at Rs390. Controlling shareholder Purnima Ashwin Desai raised Rs6.5bn from an 8.97m-share offer for sale in Aether Industries at Rs725, a 10% discount to Monday's close of Rs805.90 and above the floor price of Rs700. DAM Capital, JM Financial and UBS worked on the transaction. German machine tools maker Wendt launched a Rs3.9bn share sale in Wendt India at a floor price of Rs6,500, a 38% discount to the pre-deal close of Rs10,460. The transaction comprises a base deal of 600,000 shares or 30% of the capital. There is an upsize option of 150,000 shares (7.5%). Wendt will exit the company if all the shares are sold. The institutional tranche opened for one day on Thursday and was subscribed 4.35 times, while the retail tranche was open for one day on Friday. HSBC is the sole bank on the transaction. Above water Foreign investors showed interest in all the transactions, bankers said, and the positive performances have been encouraging. "India has historically traded at higher valuations to regional markets, and while valuations are still at a premium, that's not proving to be a deterrent. Global investors are still actively looking to allocate to India, particularly given its structural growth story and relative stability," Goldman's Soni said. KFin shares ended at Rs1,041 on Thursday, above the issue price, Paytm at Rs857.20, Swiggy at Rs316.25, Aether at Rs756.60 and Wendt at Rs8,702.50. Soni expects block activity to continue across sectors. "We're also seeing companies look to raise capital through primary issuance. IPOs may take longer to materialise as they require a more drawn-out process, but we expect them to make a meaningful return in the second half of the year." Bankers said IPO issuers need to adjust their valuation expectations significantly to attract investors. Automotive component maker Belrise Industries has taken the lead and launched a Rs21.5bn IPO with anchor books opening on May 20. Solar pump manufacturer Oswal Pumps (Rs20bn) Anthem Biosciences (Rs34bn) and Schloss Bangalore (Rs50bn) are among the companies planning IPOs in the next couple of months.
