Bursa Malaysia Stock Watch
Bursa slips on Kenanga Sell call
kltrader
Publish date: Wed, 07 Jul 2010, 12:42 PM
kltrader
0 20,414
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
KUALA LUMPUR: Bursa Malaysia Bhd share price fell on Wednesday, July 7 after Kenanga Investment Bank Bhd Research maintained its sell rating on the stock and price target of RM6.90.
At 10.25am, Bursa shares shed three sen to RM6.92 with 35,700 shares traded.
Kenanga Research said its sell rating was mainly due to FBM30 was trading at rich valuation of 15 times forward PER, suggesting that the market had limited upside from here.
?As a result, we see market has little excitement to further boost Bursa ADT (average daily trading) from here.
?Upside potential for the ADT appears limited now and the noise levels from the external front have the capability to drag the turnover lower than here,? it said.
At 10.25am, Bursa shares shed three sen to RM6.92 with 35,700 shares traded.
Kenanga Research said its sell rating was mainly due to FBM30 was trading at rich valuation of 15 times forward PER, suggesting that the market had limited upside from here.
?As a result, we see market has little excitement to further boost Bursa ADT (average daily trading) from here.
?Upside potential for the ADT appears limited now and the noise levels from the external front have the capability to drag the turnover lower than here,? it said.
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
Good Articles to Share
3
4
THE INVESTMENT APPROACH OF CALVIN TAN
5
BFM Podcast
7
TA Sector Research
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
