Kuala Lumpur, 25 January 2011

SC Scorecard: Strong performance sees more listings on Main Market

The Malaysian capital market concluded the year on a strong note with 29 new listings on Bursa Malaysia compared with 14 in 2009. The 29 new listings included two Real Estate Investment Trusts. For the year 2010, the Securities Commission Malaysia (SC) approved a total of 26 companies for listing on the Main Market compared with 12 in the previous year. Of those 26 companies, 14 have been listed on Bursa Malaysia.

Q4 approvals by the SC for listings on the Main Market (nine) were more than double those in Q3 ( four) and included the approval for Petronas Chemicals Group Berhad- which had successfully raised RM12.8 billion from its initial public offering (IPO) in November 2010.

The SC received 27 applications in Q4 2010, five of which were for IPOs with a total potential market capitalisation of approximately RM1.91 billion.

The SC also saw a 145 percent increase in the number of private debt securities (PDS) applications, from 11 in Q3 2010 to 27 in the Q4 of 2010. The total amount of funds approved to be raised from ringgit-denominated PDS issues increased by 71 percent, from RM16.2 billion in Q3 2010 to RM27.7 billion in Q4 2010.

The SC sustained its performance standards with 98 percent of corporate proposals and 99.75 percent of licensing applications processed within the time charters. A total of 1,345 applications were received for new licences and renewal of licences in Q4 2010.

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 fourth quarter of 2010 were also reported.

The full series of capital market statistics released by the SC available here.