Malaysia’s political upheavals will continue to cast a long shadow over its equity markets during 2019. This could leave companies struggling to achieve their pricing targets in the face of softening valuations.
Bankers and analysts believe that 2019 is shaping up to be a repeat of 2018, which has been a pitiful year for equity capital markets fundraising thanks to the electoral revolution, which swept former prime minister, Mahathir Mohamad back into power through the Pakatan Harapan coalition in May.
Dealogic figures show that companies in Malaysia have...
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