Growth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad

Asset-Backed Securitization (ABS) was introduced in Malaysia in 2001. This timely study overviews the structure of ABS in the Malaysian capital market, examines the securitization mechanism, and measures the growth and performance over the period from 2001 to 2005. The results reveal a robust gr...

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Main Authors: Norazlina Ripain, Roslan Ali, Antoaneta Serguieva, Shafinar Ismail
Format: Article
Language:English
Published: Universiti Sains Islam Malaysia 2012
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Online Access:http://ddms.usim.edu.my/handle/123456789/5308
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spelling my.usim-53082015-03-02T02:33:43Z Growth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad Norazlina Ripain Roslan Ali Antoaneta Serguieva Shafinar Ismail Securitisation mechanism Securitisation structure Conventional and Islamic ABS Debt Earnings Asset-Backed Securitization (ABS) was introduced in Malaysia in 2001. This timely study overviews the structure of ABS in the Malaysian capital market, examines the securitization mechanism, and measures the growth and performance over the period from 2001 to 2005. The results reveal a robust growth in overall, with a significant increase of 200?'0 in 2003. Furthermore, Islamic ABS was introduced in 2003, and their issuance size in 2005 was worth RM5.2 billion, thus surpassing the Conventional ABS with an issuance value of RM4.2 billion. We also consider company performance, specifically on the originator perspective, and focus on the cormmercial property sector. The results reveal that after securitizing their assets, the originators manage a reduction in debt obligations and an enhancement in earning capacities. The study concludes with the benefits that a transfer of knowledge on ABS can bring to organizational performance and to investors' portfolios. The authors believe that ABS shall become a premier altenative debt financing to companies and a portfolio diversification tool to investors in the Malaysian capital market. 2012-02-17T08:31:01Z 2012-02-17T08:31:01Z 2006 Article 1823075X http://ddms.usim.edu.my/handle/123456789/5308 en vol.3 no.1 2006; Universiti Sains Islam Malaysia
institution Universiti Sains Islam Malaysia
building USIM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universit Sains Islam i Malaysia
content_source USIM Institutional Repository
url_provider http://ddms.usim.edu.my/
language English
topic Securitisation mechanism
Securitisation structure
Conventional and Islamic ABS
Debt
Earnings
spellingShingle Securitisation mechanism
Securitisation structure
Conventional and Islamic ABS
Debt
Earnings
Norazlina Ripain
Roslan Ali
Antoaneta Serguieva
Shafinar Ismail
Growth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad
description Asset-Backed Securitization (ABS) was introduced in Malaysia in 2001. This timely study overviews the structure of ABS in the Malaysian capital market, examines the securitization mechanism, and measures the growth and performance over the period from 2001 to 2005. The results reveal a robust growth in overall, with a significant increase of 200?'0 in 2003. Furthermore, Islamic ABS was introduced in 2003, and their issuance size in 2005 was worth RM5.2 billion, thus surpassing the Conventional ABS with an issuance value of RM4.2 billion. We also consider company performance, specifically on the originator perspective, and focus on the cormmercial property sector. The results reveal that after securitizing their assets, the originators manage a reduction in debt obligations and an enhancement in earning capacities. The study concludes with the benefits that a transfer of knowledge on ABS can bring to organizational performance and to investors' portfolios. The authors believe that ABS shall become a premier altenative debt financing to companies and a portfolio diversification tool to investors in the Malaysian capital market.
format Article
author Norazlina Ripain
Roslan Ali
Antoaneta Serguieva
Shafinar Ismail
author_facet Norazlina Ripain
Roslan Ali
Antoaneta Serguieva
Shafinar Ismail
author_sort Norazlina Ripain
title Growth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad
title_short Growth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad
title_full Growth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad
title_fullStr Growth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad
title_full_unstemmed Growth and Outlook of Asset-Backed Securitization in The Malaysian Capital Market: The Case Study of Sunway City Berhad
title_sort growth and outlook of asset-backed securitization in the malaysian capital market: the case study of sunway city berhad
publisher Universiti Sains Islam Malaysia
publishDate 2012
url http://ddms.usim.edu.my/handle/123456789/5308
_version_ 1645151640254152704
score 13.209306