AFTER a slowdown in 2020 because of the Covid-19 pandemic, the initial public offering (IPO) market in Malaysia recovered to pre-pandemic levels, registering 30 new listings this year from 19 last year. Bursa Malaysia statistics show that the number of IPOs was 58% more than in 2020, with total funds raised through fresh issuance of shares and offer-for-sale of equity shares by existing shareholders increasing by 30% to RM2.59 billion from RM2 billion last year.
Kenanga Research said an increasing number of value stocks have emerged as evidenced by the negative returns in many sectors following the broad sell-off in 2021.
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