The ASEAN Exchanges, a collaboration of the stock exchanges in Southeast Asia, said investors in the region continue to exercise caution given macroeconomic uncertainties, geopolitical tensions and high interest rates.
As a result, it said that the IPO markets in the region had a subdued performance in the first half where the markets raised around $1.4 billion, down from the $5.8 billion recorded in the same period last year.
Except for Singapore, the group of exchanges said that all other countries saw a decline in proceeds raised during the semester where Indonesia had the biggest decline.
However, it said that ASEAN remains a hotbed for high-growth stocks moving forward given the expected positive economic growth in the coming years which will create a favorable environment for IPOs.
The organization also sees the availability of quality startups in the region as a factor contributing to the positive IPO market outlook.
It added that several positive capital market initiatives aimed at enhancing market efficiency and attractiveness are being implemented across the region.
Denne historien er fra September 18, 2024-utgaven av The Philippine Star.
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Denne historien er fra September 18, 2024-utgaven av The Philippine Star.
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