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KLSE: BURSA       BURSA MALAYSIA BHD
Last Price Avg Target Price   Upside/Downside Price Call
6.80 7.85     +1.05 (15.44%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
29/04/2022 6.90 6.80 -0.10 (1.45%) HOLD RHB-OSK Price Target News
29/04/2022 6.90 7.05 +0.15 (2.17%) HOLD KENANGA Price Target News
29/04/2022 6.90 7.95 +1.05 (15.22%) BUY HLG Price Target News
29/04/2022 6.90 6.70 -0.20 (2.90%) HOLD AmInvest Price Target News
14/04/2022 6.98 7.95 +0.97 (13.90%) BUY HLG Price Target News
16/03/2022 6.42 7.27 +0.85 (13.24%) BUY HLG Price Target News
31/01/2022 6.21 5.85 -0.36 (5.80%) HOLD KENANGA Price Target News
31/01/2022 6.21 5.95 -0.26 (4.19%) HOLD HLG Price Target News
31/01/2022 6.21 6.50 +0.29 (4.67%) HOLD AmInvest Price Target News
26/01/2022 6.18 6.50 +0.32 (5.18%) HOLD AmInvest Price Target News
13/01/2022 6.40 5.95 -0.45 (7.03%) HOLD HLG Price Target News
09/12/2021 6.42 5.95 -0.47 (7.32%) HOLD HLG Price Target News
01/11/2021 7.45 7.60 +0.15 (2.01%) HOLD KENANGA Price Target News
01/11/2021 7.45 6.52 -0.93 (12.48%) SELL HLG Price Target News
01/11/2021 7.45 7.90 +0.45 (6.04%) HOLD AmInvest Price Target News
13/10/2021 7.79 8.93 +1.14 (14.63%) BUY HLG Price Target News
30/07/2021 7.78 9.10 +1.32 (16.97%) BUY MACQUARIE GROUP Price Target News
29/07/2021 7.67 8.20 +0.53 (6.91%) BUY KENANGA Price Target News
29/07/2021 7.67 9.91 +2.24 (29.20%) BUY HLG Price Target News
29/07/2021 7.67 9.40 +1.73 (22.56%) BUY AmInvest Price Target News
14/06/2021 8.10 11.82 +3.72 (45.93%) BUY HLG Price Target News
08/06/2021 8.19 11.82 +3.63 (44.32%) BUY HLG Price Target News


Price Target Research Article/News (past 6 months)
29/04/2022  RHB-OSK Bursa Malaysia - Hanging on Tightly
29/04/2022  KENANGA Bursa Malaysia Bhd - 1QFY22 Within Expectations
29/04/2022  HLG Bursa Malaysia - Starting Spot on
29/04/2022  AmInvest Bursa Malaysia - DATV for securities market tracking expectation closely
14/04/2022  HLG Bursa Malaysia - Sequentially Unexciting But There’s Upside Further Down the Road
16/03/2022  HLG Bursa Malaysia - Position for An Election Booster
31/01/2022  KENANGA Bursa Malaysia Bhd - 2021 Fell Short; Softer ADV in 2022
31/01/2022  HLG Bursa Malaysia - No Surprises at the Finish Line
31/01/2022  AmInvest Bursa Malaysia - Lower retail DATV for securities market
26/01/2022  AmInvest Bursa Malaysia - Securities market losing steam
13/01/2022  HLG Bursa Malaysia - Lacking the Spark
09/12/2021  HLG Bursa Malaysia - Not Pretty But It’s in the Price
01/11/2021  KENANGA Bursa Malaysia Bhd - Rocky Terrain
01/11/2021  HLG Bursa Malaysia - Results Beat But New Headwinds Emerge
01/11/2021  AmInvest Bursa Malaysia - DATV for retail trades expected to taper in FY22
13/10/2021  HLG Bursa Malaysia - Sequential Slowdown for Upcoming Results
30/07/2021  MACQUARIE GROUP Bursa Malaysia - Promising Indicators for 2Q21
29/07/2021  KENANGA Bursa Malaysia Bhd - Buy On Weakness
29/07/2021  HLG Bursa Malaysia - Slowing Down Before the Next Pick Up
29/07/2021  AmInvest Bursa Malaysia - Lower trading revenue for securities market in 2Q21
14/06/2021  HLG Traders Brief - FMCO extension to undermine sentiment
08/06/2021  HLG Traders Brief - Extended consolidation as investors gauge local Covid- 19 cases, vaccination progress, and US May CPI data



  9 people like this.
 
lionel messi I pun tak tau apa tu KWH. Mungkin Tenaga tau kot. Kalau QWH, guru TreeTop sudah bagi tuition kat Tenaga thread. Cheers bro or puss :)
21/03/2022 12:18 PM
Luckup KWH - Kilo watt hour
21/03/2022 7:55 PM
hcthey EPF is still in the market and is the main buyer of this counter, hopefully it will reach 7,20 to 7.35 for today.
22/03/2022 9:33 AM
masterus Washington’s ‘trigger-happy’ sanctions may push countries away from the dollar, says think tank
PUBLISHED MON, MAR 21 202210:25 PM EDT
Abigail Ng
@ABIGAILNGWY
WATCH LIVE
KEY POINTS
Central banks are starting to question whether reliance on the U.S. dollar is a good idea, said Gal Luft of the Institute for the Analysis of Global Security.
“The United States has extended itself, has been extremely trigger-happy when it comes to the use of sanctions and other economic punishments,” he said.
Separately, Luft said the energy market is facing “a heart attack on top of a heart attack” with Covid and the Russia-Ukraine war.
23/03/2022 11:04 AM
masterus Dilayan macam penjenayah di Jerman kerana vaksin Sinovac

SEPANG – Hasrat dua adik-beradik lelaki mahu menyambut Ramadan bersama-sama adik kandung mereka di Dusseldorf, Jerman bertukar menjadi mimpi ngeri.

Kegembiraan mereka yang ditemani ibu bapa dari Kuala Terengganu setelah menempuh perjalanan jauh itu berubah apabila diusir keluar dari negara tersebut.

Ia gara-gara menerima vaksin jenama Coronavac keluaran firma Sinovac Biotech dari China itu tidak diterima pihak berkuasa Jerman walaupun telah lengkap menerima dos penggalak Comirnaty (Pfizer).

Politik vaccine orang Barat.
24/03/2022 6:52 AM
lionel messi Bursa's income today is bad with market vol only at RM2.114 bil. Last few days was also poor at less than RM3 bil per day. Coming qtr financials will be miserable. How can it possibly justify current price level? So fakey.
24/03/2022 5:05 PM
unicornbird who is pushing up the share price?
25/03/2022 10:25 AM
Thirai Thiraviam LM - the current price of RM7.0 could be justified if Bursa returned a quarterly EPS of at least 7.25 cents. This number is lower than the last quarter's EPS, but higher than pre-pandemic levels. Given how excited the market is at the prospect of the BN regime returning to power, perhaps the heightened price is justified, no? (Before May 2018, Bursa's EPS was consistently well above 7.25 cents.)
25/03/2022 4:08 PM
TreeTopView Good morning @Thirai Thiraviam, if I could just pick you up on a few comments you made.

You said "(Before May 2018, Bursa's EPS was consistently well above 7.25 cents"

Your statement is correct, however, in April 2018 Bursa issued a 1:2 Bonus Rights Issue, hence the lower EPS from 2018 onwards.

You said...."Given how excited the market is at the prospect of the BN regime returning to power"

I have certainly not seen any signs of that. I also do not concur with your sentiment.

DATV has increased this month, however much of that was in the first two weeks of the month and I'd suggest that was caused by large daily volumes in crude oil and palm oil stocks, clearly due to the price rise of those commodities due to the Ukraine invasion. In the past week or so, daily DATV have been slipping back to as low as Rm2.1 levels since that early exuberance has waned.

For the current quarter, month on month DATV has increased, albeit from a very low base in January of just a touch over Rm2 billion. Month to date DATV is currently Rm3.2 billion, with four more trading days to go, so there shouldn't be too much of a change to that figure by month's end.

Keep in mind, Bursa required a DATV for March of Rm3 billion to merely match the last quarter's low DATV figures.

It would be fair to say that the market is not "booming" in total value transactions, in my opinion.
26/03/2022 10:22 AM
lionel messi Guru has spoken. Case rested.
26/03/2022 10:42 AM
TreeTopView lol @lionel messi, hardly a guru, just merely giving figures that are readily available for those who care to take the time to read and analyse them.

Nothing I can see indicates why a large cap company can rise 10%+ in three days of trading without any significant news. This is expected in the low capped end of the market but not a company with a Rm5.6 Billion market cap.

But the price doesn't lie, so if people are comfortable buying at these levels then so be it.
26/03/2022 11:13 AM
unicornbird Treetop what do you think is the reason for recent spike in share price?
26/03/2022 1:33 PM
TreeTopView @unicornbird, I can only give an opinion, so I'm definitely not saying that I am correct.

For the 4 days prior to the move upwards volume was very light, ranging from 292k to 594k. On the day prior to the move the volume was only 292k.
With no news released on the first day of the 3 day rise, the price went from 6.20 to 6.42 and volume increased almost ten fold to 2.74 million.
My personal thoughts are that it was orchestrated, planned by an IB or Fund(s)

Coincidently.......(cough.... cough) two IB's released positive reports on Bursa on day two of the rise, the price went from 6.42 to 6.90 with volume of 5.8 million.

My thoughts are that this was a well planned push to squeeze the shorts who had shorted between 6.20 and 6.80.
Short figures confirm that Bursa shorts have dropped from ~8 million to 5 million during this run, so a net covering of 3 million shorts. It appears that the plan worked........that's if there was a plan and I might be dreaming all of this :)

On the other side of the coin, if it was merely an oversold and value play, I am sure that Funds would be controlling the upward price so that they could accumulate the stock at various levels. Clearly that didn't happen.

Just my thoughts.
26/03/2022 2:06 PM
unicornbird Treetop well said. it's worth to understand every possible situation. the short covering theory could be valid, thanks for sharing it. The brokers use the story about election boost, to justify for the increase in price. but from the past, election only can push up transaction for 1 month. It's insufficient to bring much value

I have another question. If Funds want to buy & keep Bursa, they will slowly buy & not let the shares shoot up so much in short span of time? How do they prevent insider from leaking the info?
27/03/2022 12:46 PM
lionel messi The way and speed in which it went up in an environment of low DATV, am incline to suspect the work of insiders, not investors. There is a bigger picture at play. You hear it first here :)
27/03/2022 5:08 PM
lionel messi Half day market vol so pathetic today. Only RM805 mil. Lofty share price sustainable?
28/03/2022 2:28 PM
unicornbird if Fed raise rate again, the volume will drop further
29/03/2022 8:57 AM
alwin128 https://focusmalaysia.my/bursa-malaysias-biggest-border-re-opening-play-beneficiaries/?fbclid=IwAR0ZNzKEK2uDGxZnpZb3selIGoatJwgZnJIcpQFn1UgqwvNYfJmowq1mBXw
29/03/2022 2:12 PM
Asia88 What's the door gift for attending the AGM?
31/03/2022 9:59 AM
Thirai Thiraviam There were quite a number of questions on this yesterday. Nothing is the answer. A number of shareholders were unhappy that the board members, paid RM200k annually, also receive RM3,000 as meeting allowance.
31/03/2022 5:16 PM
lionel messi Never mind. Price going up. Shareholders happy. DATV so miserable. Retail interest almost non existent. Everything so fake.
01/04/2022 8:38 AM
lionel messi Management and govt still sleeping on fat gaji buta. So bodoh increase transaction cost for more revenue konon. DATV so low, where is the revenue? Guna la otak sikit. Don't make bodoh policies.
01/04/2022 8:48 AM
LossAversion Gaji buta = Gaji senang= Jadi BOD Bursa Malaysia
01/04/2022 8:51 AM
TreeTopView If it wasn't for the first 2 weeks of March having extra volume in crude oil and palm oil stocks due to the Ukraine conflict, the DATV for March would be dismal.

The average DATV for the last 9 trading days of March comes in at 2.33 billion.
01/04/2022 9:38 AM
unicornbird Treetop is there any chance Bursa add more commodities trading, like iron ore and oil? the reason I ask is that BHP and Aramco has recently invested in malaysia.
03/04/2022 4:42 PM
unicornbird Shenzhen and bursa link up may help also
https://exbulletin.com/business/1531190/
CHINA is undeniably a leading financial market for Malaysian investors, given the growth of its financial sector and the rapid expansion of business and financial investment globally.

This is particularly evident since China’s financial liberalization, where various policies to reform the country’s financial markets have been implemented – including on its stock exchanges.

At the same time, Chinese investors are also looking for investment opportunities beyond their national borders, especially in Asean countries.

Located in the heart of Asean, Malaysia is an important gateway to one of the fastest growing regions in the world.....
03/04/2022 5:24 PM
ivanlau ------- quote -----
Stock: [BURSA]: BURSA MALAYSIA BHD

Mar 12, 2022 9:17 PM | Report Abuse

If based on forward eps 32 x 21 pe, the most conservative fair value in 2022 will be at least rm 6.72, today closing 6.21, think about that...........
------- unquote -------
Today closing 7.15 !!!
05/04/2022 9:30 PM
lionel messi Today's DATV going to be beautifully low. Still recommending buy? Don't get conned. Obviously got vested interest or secret agenda. Keep on talking up the price. So fake.
15/04/2022 10:26 AM
TreeTopView Howdy LM, I hope all's well with you, buddy.
Yeah, agree with your comments and it appears that HLB is pushing this donkey with their comments over the past three months that are all over the place, like a mad woman's custard.

I'll detail what I mean tomorrow when I have a bit more free time. All the best.
15/04/2022 11:10 AM
lionel messi Hello guru. We shall await your masterclass presentation with bated breadth :)
15/04/2022 12:22 PM
TreeTopView LM.....for your eyes only.......lol

On January 13 this year HLB came out with a pre December Quarterly report on Bursa, stating that due to steadily lower DATV of Rm2.55 Billion, they reduced their valuation price down to 5.95. At the time I agreed with their assessment and valuation, mainly due to the DATV and the unknown effect of the new stamp duty charges commencing in January 2022.

Then on the 16th March they came out with another report stating a valuation of 7.27. This report coincidently coincided with a 3 day pump in the Bursa share price from 6.20 to 6.90's !!
Now the important part........the DATV for the March quarter only moved up from Rm2.55 Billion to the new DATV of Rm 2.60 Billion. So, a very small marginal change in DATV but a valuation increase of 22% !

Now, on the 14th April they have yet again came out with another valuation update of 7.95, a 33.6% increase from their January 13 report!
Although we are only half way into the first month of the new current quarter, the DATV is around 10% lower than the full March quarter DATV.

From what I have read from all of those 3 reports from HLB, the ONLY thing they are citing as a reason for their continued higher valuations is the "election season effect", although the actual REPORTED NUMBERS don't back up any of their valuations.

Good luck if you are buying Bursa on a possible election boom in the overall market.
16/04/2022 10:07 AM
lionel messi You never disappoint guru. Masterpiece backed by facts. One of the many dead horses to be flogged :)
16/04/2022 1:05 PM
TreeTopView Current April DATV are woeful. To date, most of the daily volumes and values for April are anaemic, however the past two trading days have really been taking a belting.

"Total turnover increased to 2.44 billion units worth RM1.57 billion from 2.15 billion units worth RM1.41 billion last Friday.". Pitifully low DATV.
https://www.theedgemarkets.com/article/bursa-malaysia-ends-intraday-low

19/04/2022 10:04 AM
unicornbird I like the negative news
20/04/2022 9:31 AM
lionel messi Hopeless results not even worth talking about. Worse yet to come.
28/04/2022 4:00 PM
TreeTopView Agree LM, although it's not as if it wasn't expected though.
The market needs to kick on over the next 2 months, otherwise if it remains as it is, then expect their next quarterly EPS of 7.X
28/04/2022 5:26 PM
unicornbird If Bursa makes 8 cents per quarter, 32 cents a year. It can pay about 4% dividend, seems reasonable amount for low risk company? Other exchanges are also paying about 3% dividend
28/04/2022 7:57 PM
lionel messi I would consider that a fair comment by Unicorn :)
29/04/2022 9:54 AM
TreeTopView Reality setting in as the shorts started to enter the building last week.
29/04/2022 11:09 AM
lionel messi HLIB flogging a dead horse again. Today's DATV going to be beautifully low. With so many holidays coming up, Bursa's income going to be badly affected.
29/04/2022 12:02 PM
yfchong Habis lah........ Bursa....... 1Q 8. 4 cts... Any investor can give per above 20 pun susah leh..
29/04/2022 12:09 PM
TreeTopView LM, have you been following the daily values for April? I'm a natural born pessimist but they are even worse than I had envisaged! :)
29/04/2022 12:11 PM
lionel messi Hehe TreeTop. I am a natural born chick magnet. I can smell a hot scent a mile away. Not here though. Pretty foul smell :)
29/04/2022 12:25 PM
TreeTopView lol :))
My magnet can do things that mere mortals can only dream of :)
29/04/2022 12:29 PM
TreeTopView HLB's Jeremy Goh seems to be totally out of sync with many other analysts...........who knows, he might be an undiscovered wealth of knowledge.
I remain bearish on this stock.

https://www.theedgemarkets.com/article/analysts-maintain-bursa-malaysia-earnings-forecasts-some-see-valuation-downgrade
29/04/2022 2:14 PM
TreeTopView yfchong, don't take any notice of what they say at Tg. Rambutan.
Did you notice the dodgy after market auction close? Closed at 6.86, then in the auction closed it at 6.99 on 170k shares.
29/04/2022 5:12 PM
masterus Oil prices are hitting all-time highs worldwide, creating long lines and panic buying. If that reads like an old story, consider this: we're not talking about fuel oil here. We're talking about food oil, and sunflower oil and palm oil in particular.

In the case of sunflower oil, it's because of a sharp decrease in supply due to the war in Ukraine. Russia and Ukraine together accounted for 75 percent of sunflower oil production before the war began, with Ukraine the world's largest exporter. With harvests in Ukraine stalled , and sanctions in place against Russian firms, production and exports have slumped: exports from Ukraine are down 95 percent since the invasion, and if the war grinds on, Ukrainian farmers risk missing their harvesting and planting windows.

The sunflower oil shortage has hit some Western countries particularly hard. Sunflower oil is one of the most popular cooking oils in Germany and the UK, both of which love their deep-fried foods and value (or valued) sunflower oil for its relatively low price point and comparatively high smoke point. The shortage has created runs on sunflower oil in both countries, with grocery stores rationing sales after shelves were cleared of all supplies, and some restaurants in Germany taking fries off the menu.
04/05/2022 6:51 AM
mansaham1972 Dah masuk harga 7 sen,tengok game esok.
10/05/2022 5:07 PM
yfchong Who is the lucky one to catch 6.70 today. This morning queue also cannot hit..
10/05/2022 6:52 PM
SmallCapAsia Analysts are bullish on this stock and 6 others as the country opens up.
Read more: https://www.smallcapasia.com/7-interesting-stock-ideas-for-may-my/
18/05/2022 10:04 AM

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