Budget 2027 revenue measures fall short as oil prices weigh on fiscal plans
RAM Ratings expects tax reliefs to reduce collections by RM2.96 billion, while MARC says the lower deficit target represents a reduction of just RM1 billion.
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RAM Ratings expects tax reliefs to reduce collections by RM2.96 billion, while MARC says the lower deficit target represents a reduction of just RM1 billion.
PKB and Maybank Investment Bank describe the issuance as Malaysia's first social sukuk from a state agency.
The IPO is priced at 20 sen per share and is expected to raise approximately RM28.6 million through new shares.
The initial assessment is expected to take about five months, while implementation and data migration remain uncontracted.
The Malaysian Cooperative Commission project runs for 24 months, with development and implementation followed by a subscription phase.
Private placement shares were allocated to 16 identified investors, none of whom would become a substantial shareholder through the IPO.
The award brings contracts and purchase orders from the customer for the project to about RM544 million, with completion expected by April 2028.
The counter recovered to RM1.31 by the midday break, with more than five million shares traded.
The FBM KLCI was down 0.96 points at 11 am, with turnover reaching RM998.32 million.
Early trading saw 293 counters decline and 125 advance, with turnover valued at RM130.24 million.