Thin trades and thick promises
Of illiquidity and missed milestones.
Today’s midweek read looks at two Malaysian companies that sought fortunes abroad, and aren’t doing so well.
One rode the PR cycle, promised a deep-tech revolution and listed on Nasdaq, but has missed its own deadlines.
The other, a parenting media platform backed by Malaysian public funds, listed on Australia’s NSX and is now chasing a US IPO, leaving questions in its wake.
🚀 Also, Monday’s ICYMI:
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Before I get to the main story: how long can Retirement Fund Inc (KWAP) sustain Malaysia’s pensions burden?
I was doing a sweep of Budget 2026-related expenditure and this one stood out.
Civil servants’ pensions sit high on the money–power spectrum for obvious reasons: the bureaucratic machinery must run smoothly or the prime minister risks political and policy failure. Civil servants also form a crucial voter base.