Bursa Malaysia’s outperformance may attract Singapore listcos seeking higher valuations

BURSA Malaysia has been one of the top-performing markets in the region, with numerous listings that have done well. The bourse is now drawing interest from Singapore-listed companies with a presence in Malaysia.

In the last three months, at least two companies listed here – semiconductor players UMS Holdings and Grand Venture Technology (GVT) – have said that they were eyeing a secondary listing in Malaysia.

UMS said that the listing could enable the company to tap a different equity market for future fundraising; GVT said it could list by introduction, without raising funds.