14/10/2025

BIZ & FINANCE TUESDAY | OCT 14, 2025

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Malaysia wraps up Osaka expo on high note

Cloudpoint completes

listing transfer to Main Market KUALA LUMPUR: Cloudpoint Technology Bhd, an information technology (IT) solutions provider in enterprise & data centre (DC) networking, cabling, cybersecurity, digital applications & cloud services, and IT services, has transfered its listing from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd. In a statement yesterday, the company said the transfer reflects their strong financial track record, sound corporate governance, and readiness to accelerate its growth trajectory as a Main Market-listed company. Cloudpoint was listed on the ACE Market on May 29, 2023 and has since demonstrated a growth trajectory, achieving a compounded annual growth rate (CAGR) of 25% in profit after tax from FY2020 to FY2024. The move is also expected to provide the group with greater access to the broader capital market and attract a wider base of institutional investors. Executive director and CEO Datuk Wira Choong Wai Hoong said: “Our transfer to the Main Market is befitting for our expanding business, and we are excited to embark on this new chapter of growth. “This milestone reflects Cloudpoint’s financial performance, solid fundamentals, and our commitment to delivering long-term value to our shareholders. “We have been an integral part of the digitalisation journey of our financial services industry clients, and the advent of artificial intelligence (AI) has opened new opportunities for us with rising demand for AI-driven IT infrastructure, platforms and software. “With Malaysia’s increasing focus on AI, digital transformation, and cybersecurity, Cloudpoint is well-positioned to support enterprises in building future ready digital infrastructure.” Looking ahead, he added they remain optimistic about their growth prospects and are poised to capture emerging opportunities by leveraging their strong clientele base, growing reputation, and solid market position. “The Main Market platform will further enhance our visibility among investors and broaden our access to capital as we pursue our strategic priorities,” he said.

Malaysia Pavilion received a record-breaking 3.51 million visitors, far exceeding the initial target of 1.5 million. “Based on our analysis of the Malaysia Pavilion’s impact via various channels, including mainstream media interviews, social media engagements and on-ground data analytics tools, out of 5,327 respondents, 84% expressed interest in visiting Malaysia in the future,” he said. “Perhaps there is already traction – as of July 2025, Malaysia recorded 219,389 Japanese visitors, a 16.2% increase from 2024. He expressed confidence that the positive momentum would continue, with Japanese tourists contributing significantly to Visit Malaysia’s 2026’s target of 47 million visitors. Expo 2025 Osaka, Japan, was held over six months from April 13 to Oct 13, 2025. The Malaysia Pavilion, spanning 2,654.52 square metres across three floors and themed “Weaving a Future in Harmony,” showcased Malaysia’s commitment to a sustainable, inclusive, and forward-looking future. – Bernama

Pavilion’s closing ceremony in Osaka yesterday. Hairil Yahri said the agreements mainly focused on high-impact sectors such as semiconductors, renewable energy and green technology, environmental sustainability, agriculture, as well as education and training. “The signing of MoUs with Japanese counterparts, including the exchange between the Malaysian Investment Development Authority and the Japan External Trade Organisation (Jetro) , as well as the Malaysia External Trade Development Corporation-Jetro MoC signed yesterday, demonstrates that the expo has directly facilitated stronger institutional linkages and future-oriented projects,” he said. Overall, he said, sectors such as green technology, construction and professional services, chemicals and chemical products, information and communication technology and related services, as well as halal products and services, contributed significantly to the total potential trade performance. On visitor arrivals, Hairil Yahri said the

o RM24.45 billion in potential trade and investments secured: Miti PETALING JAYA: Malaysia wrapped up its six-month participation at Expo 2025 Osaka on a high note, securing RM24.45 billion in potential trade and investments. The achievement surpassed its original target of RM13 billion by a whopping 188%, said Investment, Trade and Industry Ministry (Miti) secretary-general Datuk Hairil Yahri Yaacob. He said the RM24.45 billion comprised RM5.62 billion in potential exports and RM12.79 billion in potential investments generated from 1,555 business meetings. “It also includes RM6.04 billion from more than 70 memoranda of understanding, agreements and cooperation (MoUs, MoAs, MoCs) signed,” he said at the Malaysia

Foreign investors extend net inflows across Asia KUALA LUMPUR: Foreign investors extended their net buying streak for the second consecutive week across Asian markets last week, recording net purchases of US$904.8 million (RM3.8 billion), which was 4.12 times lower than the previous week’s inflow of US$3.73 billion. MBSB Investment Bank Bhd’s Fund Flow Report for the week ended Oct 10 showed that among the markets tracked, only Vietnam, Thailand and the Philippines recorded net foreign outflows, while the rest saw net buying activity led by South Korea, which posted the largest regional inflow.

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange building in Mumbai. – REUTERSPIC

“South Korea extended their streak of net buying activity to two consecutive weeks, recording the region’s largest net foreign inflow at US$913.2 million, although 3.48 times lower than the previous week’s inflow of US$3.18 billion,” it said. MBSB IB said Taiwan extended its net foreign buying streak to two consecutive weeks, registering US$209.6 million in net inflows. Meanwhile, India turned net buyers last week, ending a two-week losing streak with a net inflow of US$197.4 million, as the report showed that although growth in its services sector cooled in September 2025 due to weaker overseas orders, it remained strong, while business optimism improved.

Investment, Trade and Industry (Miti). “There is also an offer for sale of 72 million offer shares, of which 16 million offer shares will be made available for application by eligible directors and employees of the Teamstar group, as well as persons who have contributed to the success of the Teamstar group. It said 48 million offer shares will be allocated for private placement to selected investors, and the remaining eight million offer shares will be made available by way of private placement to identified Bumiputera investors approved by the Miti. Meanwhile, Teamstar’s executive vice-chairman and group CEO Tan Lee Kueng, Local institutions reverted to net buying activity, ending their single-week streak of net outflows, with purchases totalling RM1.49 billion – the highest single-week net inflow recorded since April 2025 – while local retailers extended their net selling streak to five consecutive weeks, posting a more modest net outflow of RM50.6 million. “The average daily trading volume experienced a broad-based decline last week. Local retailers and foreign investors recorded modest decreases of 3.9% and 1.6% respectively, while local institutions saw an increase of 6.3%,” MBSB IB added. – Bernama

MBSB IB said foreign investors were net sellers on every trading day last week, with Friday seeing the highest net selling activity at RM327 million. “This was followed by Wednesday (-RM307.8 million), Monday (-RM288.7 million) and Tuesday (-RM281.7 million). The smallest outflow occurred on Thursday, which saw withdrawals amounting to RM237.9 million,” it said.

Back home, foreign investors turned net sellers last week, reversing a single-week streak of inflows, posting a withdrawal of RM1.44 billion, the largest single-week outflow since end of August 2025. Teamstar receives Bursa approval for ACE Market listing The bank note that the only sector which recorded net foreign inflows last week was technology (RM85.7 million), while the top three sectors that saw net foreign outflows were financial services (– RM491.7 million), healthcare (– RM171.2 million) and property (– RM145.5 million).

KUALA LUMPUR: Bursa Malaysia Securities Bhd has approved Teamstar Bhd for listing on the ACE Market. In a statement yesterday, Teamstar said the listing is expected to take place by the first quarter of 2026 with an enlarged issued share capital of 800 million ordinary shares. Teamstar is principally an investment holding firm, and its subsidiaries are primarily involved in the retail sale of furniture fittings and general hardware, as well as kitchen and home appliances, the trading of furniture fittings, and the provision of value added services such as slitting edge banding jumbo rolls and mixing and selling coatings and solvents.

said the company plans to utilise part of the IPO proceeds to partially cover the cost of setting up 10 new retail outlets nationwide, aiming to increase brand visibility and customer base. “We plan to utilise the remaining IPO proceeds to purchase and renovate a new warehouse, renovate another new warehouse, and allocate as working capital to finance Teamstar Group’s day-to-day operations,” he said in the same statement. Teamstar stated that TA Securities Holdings Bhd would be the principal adviser, sponsor, sole underwriter and sole placement agent for the IPO. – Bernama

“Teamstar’s initial public offering (IPO) entails the public offering of 204 million ordinary shares comprising a public issue of 132 million new shares (issue shares) and an offer for sale of 72 million existing shares (offer shares), which collectively represent 25.5% of the Teamstar Group’s enlarged issued share capital of 800 million ordinary shares,” it said. The company said that out of 132 million issue shares, 40 million will be made available for application by the Malaysian public, while 92 million issue shares will be made available by way of private placement to Bumiputera investors approved by the Ministry of