Bursa Malaysia Sees Strong IPO Momentum on Liquidity Support
- Market support for share sales ‘has been very good:’ Bursa CEO
- Malaysian share market’s P/E ratio is attractive, CEO says
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The pipeline for Malaysia’s initial public offerings is likely to remain strong for the rest of the year as excess cash buoys demand, the chief of the stock exchange operator said Monday.
“Our lead stream is strong, we have pent-up availability, the market support for IPOs this year has been very good,” Bursa Malaysia Bhd. chief executive officer Muhamad Umar Swift said in a Bloomberg TV interview. “There is still a lot of liquidity in the Malaysian market chasing new offerings.”