Shares of Malaysia’s Sunway Healthcare Bhd. jumped nearly 32% in their debut after the company raised 2.86 billion ringgit ($731 million) in the country’s largest initial public offering in nine years. The shares climbed to as high as 1.91 ringgit on Wednesday from an IPO price of 1.45 ringgit, valuing the company at around 22 billion ringgit. The healthcare provider will use the proceeds for capi...
Shares of Malaysia’s Sunway Healthcare Bhd. jumped nearly 32% in their debut after the company raised 2.86 billion ringgit ($731 million) in the country’s largest initial public offering in nine years. The shares climbed to as high as 1.91 ringgit on Wednesday from an IPO price of 1.45 ringgit, valuing the company at around 22 billion ringgit. The healthcare provider will use the proceeds for capital expenditure, including expanding existing hospitals, building a new facility and redeeming Islamic medium-term notes. The listing points to a pickup in Malaysia’s IPO market, where proceeds fell 14% last year, as the country is emerging as a haven of political stability in Southeast Asia. The MSCI Malaysia Index has risen 11.1% over the past year, lagging a 29% gain in the MSCI Asia-Pacific Index . Read More: Global Funds Look to Malaysia as Iran War Shakes Up Asian Assets The share sale also highlights investor appetite for private healthcare assets. Other Asian companies in the industry planning share sales include Aier Eye Hospital Group Co. , China’s biggest chain of eye hospitals and India’s General Atlantic-backed ASG Hospital Pvt. Medline Inc., which manufactures and distributes medical supplies last year raised $6.26 billion in an upsized deal in the US. Sunway Healthcare runs five private hospitals, along with ambulatory care centers and support facilities across Malaysia, according to its website . It plans to add as many as five more hospitals in the coming years, with three already under construction. The healthcare listing is conglomerate Sunway Bhd. ’s third division to go public on the Malaysian stock exchange, after its construction arm Sunway Construction Group Bhd. and Sunway Real Estate Investment Trust . The conglomerate, founded by tycoon Jeffrey Cheah , spans industries from education and retail to quarries, and has moved into data centers.
But these days, the singer has her sights set on something altogether more grand. The B-52s are heading to the UK in June, as part of their ever-extending farewell tour, and Pierson is using the trip as an excuse to indulge her fascination with British heraldry.
But these days, the singer has her sights set on something altogether more grand. The B-52s are heading to the UK in June, as part of their ever-extending farewell tour, and Pierson is using the trip as an excuse to indulge her fascination with British heraldry.
Invesco's David Chao says "on average it takes around four to five months" for oil prices and stock markets to return back to pre-supply side shock levels. He also tells Bloomberg Television that "we will be watching very closely for any kind of inflationary impulse that developments in the Middle East will have on headline inflation." (Source: Bloomberg)
Invesco's David Chao says "on average it takes around four to five months" for oil prices and stock markets to return back to pre-supply side shock levels. He also tells Bloomberg Television that "we will be watching very closely for any kind of inflationary impulse that developments in the Middle East will have on headline inflation." (Source: Bloomberg)
SEOUL, March 18 (Reuters) - Samsung Electronics said on Wednesday that it expects to start volume production of Tesla's chips at Samsung's factory in Texas in the second half of next year. The comments were made by Han Jin-man, Samsung Electronics President and Head of Foundry Business, at a shareholders' meeting. (Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Himani ...
SEOUL, March 18 (Reuters) - Samsung Electronics said on Wednesday that it expects to start volume production of Tesla's chips at Samsung's factory in Texas in the second half of next year. The comments were made by Han Jin-man, Samsung Electronics President and Head of Foundry Business, at a shareholders' meeting. (Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Himani Sarkar)
Tanapon Kongbunrak/iStock via Getty Images Introduction The last time I covered Darling Ingredients ( DAR ), I called them "A Circular Economy Leader Mispriced By Cyclical Pressures," highlighting their undervaluation, representing an opportunity amid temporary margin compressions and regulatory uncertainty. With the stock jumping roughly 50% since rating them a Buy back in January compared to a -...
Tanapon Kongbunrak/iStock via Getty Images Introduction The last time I covered Darling Ingredients ( DAR ), I called them "A Circular Economy Leader Mispriced By Cyclical Pressures," highlighting their undervaluation, representing an opportunity amid temporary margin compressions and regulatory uncertainty. With the stock jumping roughly 50% since rating them a Buy back in January compared to a -3% performance from the S&P 500 thanks to several factors, I believe DAR is now a Hold, as the valuation reflects the "over $50" levels I expected in a more optimistic case, although the ongoing macro developments can bite them back. Internal Developments Darling Ingredients IR DAR reported a solid Q4 and 2025 as a whole, with EPS in line with the market's expectations despite a solid beat on revenue, with a ~4.9% decrease in EBITDA YoY despite a 16.1% improvement in Q4, while their leverage ratio fell significantly, while the FCF reached a solid $351 million in 2025, including their DGD (Diamond Green Diesel) joint venture, which is not bad given the macro pressure seen during this time. As a note regarding the RVO (Renewable Volume Obligations) policy, we saw the EPA announcing that the finalized Set 2 for 2026 and 2027 has been submitted to the White House for final review, with a response scheduled (right on the day of writing this) for March 27, potentially offering a solid catalyst that can support their valuation, as it implies a ~32% increase in RINs in 2026 and ~5.33% in 2027, prioritizing "domestic first" feedstock, which can help DAR significantly. Alongside a solid report, several analyst upgrades, signs of a rebound at DGD, and the ongoing macro situation, this is likely a major factor behind the market's reaction, realizing how mispriced this stock has been in the past while they started proving their potential. They also announced a guidance (going forward, excluding the Diamond Green Diesel venture) for Q1 2026, expecting an Adjusted EBITDA between $240 mill...
Daniel Biss wins Democratic primary for closely-watched Illinois House seat toggle caption Jamie Kelter Davis for NPR Daniel Biss, the mayor of Evanston, Ill., has won the Democratic primary for the state's 9th congressional district, according to a race call by The Associated Press, topping a crowded field in the race for a Chicago-area seat that has not been open for nearly three decades. His vi...
Daniel Biss wins Democratic primary for closely-watched Illinois House seat toggle caption Jamie Kelter Davis for NPR Daniel Biss, the mayor of Evanston, Ill., has won the Democratic primary for the state's 9th congressional district, according to a race call by The Associated Press, topping a crowded field in the race for a Chicago-area seat that has not been open for nearly three decades. His victory in the safe blue district ends a highly contested primary of more than a dozen Democrats running to succeed retiring Democratic Rep. Jan Schakowsky, 81, who first took office in 1999. With endorsements from Schakowsky and other national leaders such as Sen. Elizabeth Warren, D-Mass., Biss was seen as the frontrunner heading into the race. On the campaign trail, he sought to differentiate himself by emphasizing both his background in elected office and his willingness to push for progressive causes and against President Trump's agenda. Sponsor Message "I just don't think we can afford to compromise on either of those two things," he told NPR in an interview ahead of the primary. Tuesday's results serve as an early indication of what Democratic voters are looking for from the next generation of party leaders, and how much change they feel is needed in this moment when the party is shut out of power in Washington, D.C. Political newcomer Kat Abughazaleh finished second to Biss by four percentage points with more than 90 percent of the votes counted, according to the AP. The 26-year-old progressive researcher and commentator ran on an anti-establishment message, arguing that Democrats have failed to deliver tangible results for voters back home and need to scrap longtime party norms. "Bipartisanship is negotiating different approaches to a similar goal. I think that goal should be: everyone can afford housing, groceries and health care with money left over to save and spend. I think that is the true center," she told NPR during a campaign event leading up to Tuesday's pri...