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.
Bu hikaye The Philippine Star dergisinin September 18, 2024 sayısından alınmıştır.
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Bu hikaye The Philippine Star dergisinin September 18, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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