Kuala Lumpur, 21 April 2011

SC Q1 Scorecard: Sustained interest continued in 2011

Sustained interest in the market continued in the first quarter of 2011 with the Securities Commission Malaysia (SC) receiving a total of 35 substantive applications compared with 27 in the previous quarter.

Four out of the 35 applications were for initial public offerings (IPOs) with a total potential market capitalisation of approximately RM3.72 billion.

The SC approved an IPO application from a China-based company during the quarter with a potential market capitalisation of about RM1.10 billion. Higher interest was seen in the bond market where 17 debt securities proposals were approved in this quarter, more than double the eight approvals in the same period last year.

Compared with Q1 last year, the RM-denominated Sukuk market this quarter saw significant interest with the SC approving five sukuk issuances amounting to RM7.77 billion.  This is a stark contrast to the two approved during the same period last year, which amounted to only RM0.590 billion.

The SC maintained its high performance standards with 96 percent of corporate proposals and 99.84 percent of licensing applications processed within the time charters. A total of 1,390 licence applications were received in Q1 2011. The encouraging number of new entrants (206) into the market at the start of the year sets the stage for vibrant growth of the market, both in terms of quantity and quality of the players. 

Capital market statistics released by the SC cover information on processing, approvals and rejections of submissions, including timing and reasons. In addition to these scorecard indicators, the quarterly statistics of submissions approved by the SC for the first and the fourth quarters of 2010 were also reported.

Please click here to view the full series of capital market statistics released by the SC.