BURSA MALAYSIA BHD

KLSE (MYR): BURSA (1818)

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Last Price

6.71

Today's Change

-0.07 (1.03%)

Day's Change

6.71 - 6.81

Trading Volume

972,400

Overview

Market Cap

5,430 Million

NOSH

809 Million

Avg Volume (4 weeks)

541,417

4 Weeks Range

6.64 - 6.85

4 Weeks Price Volatility (%)

97.96%

52 Weeks Range

6.00 - 7.16

52 Weeks Price Volatility (%)

93.72%

Previous Close

6.71

Open

6.78

Bid

6.71 x 36,700

Ask

6.74 x 2,900

Day's Range

6.71 - 6.81

Trading Volume

972,400

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2022 [#4] | 31-Jan-2023

Next QR | Est. Ann. Date

31-Mar-2023 | 28-Apr-2023

T4Q P/E | EY

23.97 | 4.17%

T4Q DY | Payout %

3.95% | 94.66%

T4Q NAPS | P/NAPS

0.97 | 6.92

T4Q NP Margin | ROE

37.56% | 28.86%

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 5,277 comments

TreeTopView

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

Everything down as expected.

2022-07-28 14:08

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 :)

2022-07-28 14:15

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.

2022-07-28 14:20

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 !

2022-07-28 15:22

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.

2022-07-28 15:51

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.

2022-07-29 10:18

sasword

Post removed.Why?

2022-07-29 13:04

redhotpepper

Nice, dividend of 0.15 sen.

2022-07-29 15:10

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

2022-07-29 19:21

yfchong

lastly ada dividend

2022-07-30 07:15

lionel messi

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

2022-07-30 10:25

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.

2022-08-04 12:35

lionel messi

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

2022-08-05 14:44

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.

2022-08-09 10:32

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

2022-08-10 09:46

unicornbird

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

2022-08-10 09:47

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.

2022-08-10 11:18

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.

2022-08-10 12:06

yfchong

DJI taken steroid today dose #1

2022-08-10 23:20

lionel messi

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

2022-08-17 08:20

yfchong

Minday ada ong

2022-08-20 17:07

James_Bond

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

2022-09-06 22:09

yfchong

Below 5.88

2022-09-18 22:49

MaluNegaraKu

Below 5

2022-09-22 14:43

TreeTopView

More gloom for Bursa Bhd.

"Bursa’s average daily trading volume (ADV) appears to be trailing at RM1.62 billion in the third quarter of 2022 (3Q22), compared to RM2.1 billion in 2Q22, and RM2.89 billion in 3Q21, said Kenanga Research. “This comes close to our expected ADV for the period at RM1.55 billion,” it said in a note on Wednesday (Oct 5)."

That's a 20% drop from the previous quarter, so it'll be interesting to see what the EPS is for the quarter to be reported late this month.

Going below Rm6 in becoming more of a reality, imo.

2022-10-05 16:28

yfchong

Below Rm6 can make a pitch

2022-10-05 21:25

TreeTopView

@yfchong, I agree that below Rm6 would be a far safer entry point.
The next question would be where, high,mid or low Rm5's?

The upcoming quarterly results could finally take the price below Rm6.............although I think it should be down there already :)

Good luck.

2022-10-06 10:14

masterus

OPEC: 2 millions barrel production cut.
US: Very angry. Don't laugh. I will use my NOPEC to sanction all of you. All OPEC members cannot use US Dollar for trading crude oil. A SWIFT ban against OPEC members who trading crude oil between each other. Almighty dollar.

OPEC: Another financial nuke.

2022-10-07 10:03

yfchong

Can get below 6.20?

2022-10-09 18:38

fruitcake

stock market no hope. beyond repair

2022-10-17 09:20

yfchong

What happed to bursa malaysia

2022-10-20 18:33

Santiago

Yeay! Got 10,000 at rm6 today. Tmrw will open straight at 6.10 at least.. easy money man!

2022-10-20 22:02

Santiago

SOLD 6.12... Thank you to whoever marked down to RM6 during yesterday's close.

2022-10-21 10:43

sasword

Post removed.Why?

2022-10-21 17:06

yfchong

U turn

2022-10-21 18:13

TreeTopView

Quarterly report out, profit down 15.7%.
EPS down to 6.2 cents.

It's beyond me how this is still trading above Rm6.

2022-10-31 16:28

observatory

Despite being in a small pond, Bursa is a monopoly which needs little capex and returns >90% of its earnings to shareholders. Its valuation is never cheap.

Historically Bursa's average forward PE is around 25 times. Current forward PE at "only" 22X has offered support.

The share price may tumble if analysts cut earnings, or it suffers a derating, for eaxmple due to
1. a general stock market crash
2. Malaysian economic recession
3. Government imposes capital gain tax for stock trading

2022-10-31 22:19

unicornbird

I am waiting patiently for re-rating. Hopefully PE drop to 15X, after Fed raise rate this week

2022-11-01 09:26

unicornbird

Bursa is the best company you can own. It's a bigger & more stable casino than Genting

2022-11-01 09:27

observatory

Affin has a Sell call. Its rationale:

The equity market, which turned bearish in 3Q22, will likely remain subdued in 4Q22 and 2023, as we anticipate more market turmoil and fund redemptions for both bond and equity markets. Our equity and derivatives market assumptions for 2022E/23E/24E as follows: i) equity market ADV at RM2.0bn; and ii) derivatives volume at 17.5m/12.4m/12.4m p.a.

Reieterate SELL, as we maintain our Price Target from RM6.74 to RM5.20, based on a P/E target of 22x (at 10-year mean) on revised 2023E EPS of 23.6 sen

2022-11-01 13:02

observatory

The 25X historical forward PE I mentioned earlier is based on 5 year record. It has been skewed upwards by 2020 bull run. The 10-year mean used by Affin is a better measure.

2022-11-01 13:09

unicornbird

Hopefully Fed raise rate to 8% next year. Bursa will need to drop to 2.60, to generate a yield of 8%

2022-11-01 17:52

observatory

If interest rate hits 8% the stock market will be decimated.. There will be many stocks selling at 3 times PE or above 10% dividend yields, yet most of us will be too terrified to buy :)

2022-11-01 19:44

unicornbird

We will hold hands & buy together.

2022-11-02 08:49

unicornbird

Anyone got news about any commodity trading coming to Bursa? they build such a huge building at TRX, mimicking new york world trade center. certainly there must be huge deals coming

2022-11-03 09:25

The1913Sun

Bursa Malaysia extended its rally at the opening bell following a positive performance on Wall Street and as speculation continued over a Chinese economic reopening.

At 9.05am, the FBM KLCI was up 2.14 points to 1,444.20.

There were 154 gainers compared with 91 decliners.

Trading volume was 157.66 million shares crossing hands for RM42.67mil.


The domestic market has been seeing a return of foreign funds with net inflows recorded for a second straight day yesterday.

2 months ago

The1913Sun

The energy and plantation sectors could remain its uptrend move on the back of firmer commodity prices," it added in its daily market outlook.

2 months ago

fruitcake

malaysian stock market... ha ha. just look at our neighbours

1 day ago

nicholas99

red red.. follow nasdaq.. fomc dangerous.

1 day ago

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