Bursa Malaysia Expects To List 60 IPOs In 2025, With RM40.2 Bln Market Capitalisation

KUALA LUMPUR, Jan 27 (Bernama) -- Bursa Malaysia Bhd is expecting to list 60 initial public offerings (IPOs) in 2025, with a total market capitalisation of RM40.2 billion.

Bursa Malaysia chief executive officer Datuk Muhamad Umar Swift said the local exchange cemented its position as ASEAN's leading stock exchange for IPOs in 2024, recording 55 new listings that raised RM7.4 billion and contributing to a total market capitalisation of RM31.4 billion.

"We can do better than 60 IPOs this year. The companies will come from sectors such as health, energy, construction and trading. It is a diverse group," he said.

Muhamad Umar also highlighted the planned relisting of MMC Ports, describing it as a significant addition to the bourse’s infrastructure segment.

"We look forward to welcoming MMC Ports back to the exchange," he said at Bursa Malaysia's Financial Year Results media briefing, here today.  

Meanwhile, Bursa Malaysia chairman Tan Sri Abdul Wahid Omar said Malaysia’s strong economic fundamentals suggest that the capital market is likely to experience another resilient year.

“This favourable outlook is anticipated to sustain investor confidence, stimulate investments, and increase market activity,” he said. 

Abdul Wahid highlighted that two companies have been approved for the Main market and will be listed starting in March.

Additionally, 15 companies have been approved for listing in the ACE market, and there are a few more pending approval.

“In terms of average market value, last year it was around RM620 million per company, and this year we are targeting RM670 million per company, including both small and large companies,” he said.  

Muhamad Umar said the robust economic performance in 2024, bolstered by the nation's key strengths in export sectors, resilient domestic consumption, and growing prominence in investments, is expected to foster a conducive investment environment in 2025.

“Additionally, the leadership of the ASEAN chair will further augment these positive conditions,” he noted.

Muhamad Umar also said that being one of the top-performing markets in ASEAN last year, Bursa Malaysia is cautiously optimistic that growth momentum in the domestic market should continue to prevail on the back of successful policy progress and steady global economic growth.

However, he acknowledged external challenges that could influence this trajectory, including United States trade policies under the newly elected president, interest rate directions by major central banks, and China's economic recovery. 

-- BERNAMA