BURSA MALAYSIA BHD

KLSE (MYR): BURSA (1818)

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Last Price

6.21

Today's Change

0.00 (0.00%)

Day's Change

6.20 - 6.28

Trading Volume

481,800

Overview

Market Cap

5,026 Million

NOSH

809 Million

Avg Volume (4 weeks)

276,726

4 Weeks Range

6.20 - 6.50

4 Weeks Price Volatility (%)

3.33%

52 Weeks Range

6.15 - 7.84

52 Weeks Price Volatility (%)

3.55%

Previous Close

6.21

Open

6.21

Bid

6.21 x 154,400

Ask

6.27 x 200

Day's Range

6.20 - 6.28

Trading Volume

481,800

Financial Highlight

Latest Quarter | Ann. Date

30-Jun-2022 [#2] | 28-Jul-2022

Next QR | Est. Ann. Date

30-Sep-2022 | 29-Oct-2022

T4Q P/E | EY

18.45 | 5.42%

T4Q DY | Payout %

5.15% | 95.10%

T4Q NAPS | P/NAPS

1.00 | 6.21

T4Q NP Margin | ROE

41.49% | 33.65%

Company Profile

Sector: FINANCIAL SERVICES

Sector: FINANCIAL SERVICES

Subsector: OTHER FINANCIALS

Subsector: OTHER FINANCIALS

Description:

Bursa Malaysia operates a fully integrated exchange that offers a comprehensive range of products, mostly to the Association of Southeast Asian Nations. These include equities, derivatives, offshore, and Islamic products. The company also provides exchange-related services, including trading, clearing, and settling, as well as depository services. It is home to hundreds of companies listed either on the main market or ACE market, depending on size. The company's strategy emphasizes facilitating a more conducive trading environment, the availability of tradeable alternatives, and developing a regional marketplace with global access through collaborations and alliances, among other initiatives. Its primary source of revenue is securities trading, followed by derivatives trading.

Discussions
9 people like this. Showing 50 of 5,256 comments

TreeTopView

"Total turnover declined to 1.49 billion units valued at RM1.15 billion versus 2.26 billion units worth RM1.97 billion on Thursday."

Starting the quarter with an unbelievingly low transaction value!!

https://www.theedgemarkets.com/article/bursa-ends-week-mixed-note-klci-closes-552-points

2022-07-01 19:03

lionel messi

Wow, look at today's midday market vol. Ridiculously low. Might as well close shop Bursa

2022-07-04 12:18

remus

how much is Busa cash level ? if can sustain the 41c dividend payment for 1~2 years, then can collect div while wait for market recovery market

2 months ago

keithtrade

It's cash level amazingly higher than its market capitalisation

2 months ago

Value Investor Coo1eo

@keithtrade - where did you get that? Cash > MarketCap ???

2 months ago

yfchong

pai sieh BNM OPR oredi increase ?

2 months ago

yfchong

lets see 28 July announcement ada good kah

2 months ago

TreeTopView

yfchong, unless they find some uncashed cheques that may have fallen behind the filing cabinets or under the sofa cushions, I'd expect their EPS to be lower than the last two quarters low level earnings.

2 months ago

MarcusBioTech

I have been to Satay Restaurant packed with customers with RM50,000 in revenue PER DAY. That is superb Tier 1 Business

Now, we have a Monopoly of stock exchange trade with RM1.2 Billion to RM2.5 Billion PER DAY , yes repeat with a “B”illion every single trading day

This is MOAT competitive advantage that is very difficult to break (Warren Buffett, 1994)

You want to invest in Bursa stocks with

1] 44% ROE
2] 16 times PER
3] >5% dividend yield

This is opportunity to lock in at low prices. I have no idea what the share price will be tomorrow or next week but I do know it will rise over next 3-5 years.

Thanks to more companies going for listing as Malaysia economy has continuous growth since 1957 except for 4 recessionary years.

Disclosure:I am not paid or represent any company, thus, please research before buying the shares.I am long in BURSA Berhad - wonderful business.

2 months ago

yfchong

Let's see anither interest rate hike will be the entry point?

2 months ago

yfchong

Time line after september 22

2 months ago

lionel messi

Half day market vol only RM491 mil?? You are a dead duck Bursa. Your share price should be less than RM5. So fake.

2 months ago

TreeTopView

It looks like this upcoming quarterly report will have DATV of around RM2.1 Billion, compared to the previous quarter of around RM2.6 Billion. Perhaps around an 18% drop.

Adding to the gloom is the current quarter's daily figures.

Surely has to be heading to the Rm6.20 price point I mentioned. How far below that is the next major question to deal with.

2 months ago

TreeTopView

"Adding to the gloom is the current quarter's daily figures. "
On;y Rm1.06 Billion for Friday 15th July.

2 months ago

yfchong

Below 6 ada chance

2 months ago

getingreal

Thursday 28th July the dividend announcement is due. I guess we will see the damage the politician's have done with the 50% increase in stamp duties. I suspects its a case of higher tax so lose business and maybe as a result less taxes collected. We will see the real damage in the Dividend next week hopefully wise heads have cost cut to manage the business to cope with the drop in revenue.

2 months ago

TreeTopView

Im expecting a lacklustre quarterly report next Thursday, with an EPS lower than the last two quarters. Anything other than that would be a surprise to me.
Having said that, what I am curious about is the "bounce" from 6.21 to currently 6.40 (intraday high 6.47) over the past few days.
The cynical side of me is thinking it might be a push up so that it can be shorted from a higher starting point. There has been no new short positions taken over the last three days.

Let's see what next week brings.

2 months ago

getingreal

With EPF buying Bursa I think it would take a very brave person to short Bersa. Another thought is maybe EPF has had a heads up on whats intended for Bursa such as the mad 50% increase in stamp duty being removed so that Bersa can be regionally competitive again. EPF would stand to do quite well on its shares. But of course this is Malaysia and a nod and a wink between the MOF and EPF would never happen. Right?

2 months ago

TreeTopView

Hi @getingreal, you stated...."With EPF buying Bursa I think it would take a very brave person to short Bersa."

First point, EPF have not bought Bursa since the 14th June, although I see no relevance in that.
More importantly regarding your statement, if you look back to mid last year, EPF were regular buyers of the stock in June and July with daily purchases of 200K to 300K daily. At the same time the stock was beginning to be shorted with the short sales increasing in big numbers from August. Over that period the short position increased dramatically from just under 2 million shares to over 5 million shares. EPF had been buying at 8.15+ and the share price plunged to eventually stop at around 6.15.

2 months ago

fruitcake

hahaha...volume

2 months ago

getingreal

Hi Treetop. I'm suitably bruised.

2 months ago

TreeTopView

Hi getingreal, I just wanted to highlight the facts as I was following it very closely back then. No malice or bruising intended :)

2 months ago

yfchong

Any dividend announcement.

2 months ago

TreeTopView

yfchong, there should be a dividend attached to the upcoming quarterly today. I would expect it to be lower than the last one, 17 cents.

2 months ago

lionel messi

Price going up before a likely poor announcement? Strange. Insider or blur?

2 months ago

TreeTopView

Quarterly out, EPS of 7.3 cents, compared to 8.4 cents last quarter.
15 cents dividend.

Everything down as expected.

2 months ago

lionel messi

Beat or miss TreeTop? Probably it's the former, that's why price is up. Probably not as bad as feared. All belakang mari, that's how I like it :)

2 months ago

TreeTopView

LM, marginally lower than I thought, I was targetting EPS of around 7.5 cents. Dividend inline with expectations.
The concern now is this current quarter, as daily transaction values have been WAY LOWER than the quarter just reported.
I know it's only one month out of three but the values have been very low, to date.

2 months ago

NatsukoMishima

Many people fed up with so many rubbish stocks and ipo in bursa and shift capital to us market already , better take profit while it is still rm 6.xx , it will drop to rm 3.xx later !

2 months ago

investmalaysia618

indeed, most people will only invest a small portion of their portfolio in klse. too many scam counters in bursa d. even blue chips drop alot and never went back up to previous high.

2 months ago

InvestorX

Im no master but Probably the price jumped due to dividend announcement hype. Earnings now normalising to pre pandemic period (plus minus growth)
Past two years were just an anomaly.

2 months ago

sasword

Post removed.Why?

2 months ago

redhotpepper

Nice, dividend of 0.15 sen.

2 months ago

TreeTopView

Since yesterday's quarterly release the IB's have been coming out with their new predictions. The one I was hoping to see was from Jeremy Goh from HLB, as I totally disagreed with his bullish views earlier this year. Not to be disappointed, he released his new opinion :)

A complete turnaround from his earlier predictions of Rm7.95, now downgraded to Rn5.65!
That's even lower than my previous Fibonacci target of 5.80.. :)

Although seemingly coincidental, it was his bullish targets and reporting earlier this year that took Bursa from 6.20 to 6.80 within a few days, the rise happening at the same time as his report. The whole play was very, very odd.

I somehow feel vindicated now :)

https://klse.i3investor.com/web/staticfile/view/468317

2 months ago

yfchong

lastly ada dividend

2 months ago

lionel messi

He finally saw the darkness and came to his senses TreeTop.

2 months ago

getingreal

Don't completely discount that the ill conceived 50% stamp duty increase may be shelved once the impact is clear. The Minister of Finance made his view known that he thinks the increase was undesirable. Sure there is no certainty, however should the Minister have his way it will be abolished or substantially reduced (maybe in the next budget) and if it is then the positive impact on Bersa share price will be dramatic and immediate as the impact was very negative and immediate when the tax was imposed. I agree the value add put on Bersa shares due to the possibility of the change of heart is hard to put a number on, but to my mind its not zero.

1 month ago

lionel messi

Of course anything is possible in bolehland. Known to be shameless, flip flopping and changing goal post half way.

1 month ago

TreeTopView

To me, the share price still seems to be defying gravity. Whether that will change once it goes ex dividend on Thursday (11th) is yet to be seen.
I still think the logical scenario is for the price to drop, and I retain the targets of 6.35 and 6.20 as important price points.

I keep going back to the data and the low daily transaction values and scratch my head as to why this hasn't dropped, even before the upcoming ex dividend date.

1 month ago

unicornbird

Treetop i guess Razak's exchange completion might bring more commodity trading in. probably oil and iron ore
those will boost bursa's earning

1 month ago

unicornbird

agree that the current price is unreasonable, given the rising interest environment and very poor daily transaction volume

1 month ago

TreeTopView

Hi unicornbird.......I would doubt that by adding new products to their list would make that much of a difference to the bottom line.
What needs to change is the pool of money that is being invested in all the Bursa products, with obviously the Main market volumes and values requiring a major cash input. This is something we are currently not seeing, in fact the opposite is occurring.

Last quarter's volume and value was poor and although only 6 weeks into the new quarter, the numbers are currently drastically lower than the previous quarter.

I don't see anything changing to the upside until the pool of local and foreign money increases drastically. Certainly no sign of that yet, which points to yet again a lower net profit and EPS for this current quarter.

1 month ago

unicornbird

TT you're right. for now, I also feel the price is too high. I rather buy banks with better yield.
for the new products, please don't underestimate the power. 1 deal of oil is enough to change the game, as China trades insane amount of oil in this region.

1 month ago

yfchong

DJI taken steroid today dose #1

1 month ago

lionel messi

Is it an illusion? Higher DATV is returning to Bursa? Why?

1 month ago

yfchong

Minday ada ong

1 month ago

James_Bond

Darling, can I advice you something?! Cash out and stay away from stock market! Economic recession tsunami is around the corner!

3 weeks ago

yfchong

Below 5.88

1 week ago

MaluNegaraKu

Below 5

1 week ago

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