Last Price Today's Change   Day's Range   Trading Volume
6.43   -0.05 (0.77%)  6.41 - 6.50  635,000
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Market Cap: 5,204 Million
NOSH: 809 Million
Avg Volume (4 weeks):389,861
4 Weeks Range:6.41 - 6.72
4 Weeks Price Volatility (%):
52 Weeks Range:6.00 - 7.16
52 Weeks Price Volatility (%):
Average Price Target: 6.69
Price Target Upside/Downside: +0.26

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: 22.97  |  4.35%
T4Q DY | Payout %: 4.12%  |  94.66%
T4Q NAPS | P/NAPS: 0.97  |  6.63
T4Q NP Margin | ROE: 37.56%  |  28.86%


Date Subject
03-Mar-2023 Bursa, Maybank to Co-host Invest Malaysia 2023
10-Feb-2023 Bursa Malaysia enhances Islamic Securities Selling and Buying – Negotiated Transaction framework
03-Feb-2023 MQ Market Updates - 03 February 2023
03-Feb-2023 【行家论股】大马交易所 高营运费拖累财测
02-Feb-2023 MQ Market Updates - 02 February 2023
02-Feb-2023 Daily Market Report - 02 February 2023
02-Feb-2023 Bursa Malaysia - Expect Another Soft Year; NEUTRAL
02-Feb-2023 Bursa Malaysia Bhd - Investments for Earnings Longevity
02-Feb-2023 Bursa Malaysia - Subdued earnings in 4Q22 with improved operating income offset by higher expenses
02-Feb-2023 Bursa Malaysia - Finishing Inline
02-Feb-2023 Mplus Market Pulse - 2 Feb 2023
31-Jan-2023 证券交易降温 大马交易所末季少赚25%
31-Jan-2023 MQ Market Updates - 31 January 2023
31-Jan-2023 Bursa's 4Q Net Profit Drops 25% to RM49 Mil; Declares 11.5 Sen Dividend
30-Jan-2023 Bursa Malaysia to close on Federal Territory Day, Thaipusam
19-Jan-2023 Bursa Malaysia - Post GE15 Spike Has Played Out; Lacks ADV Boosting Catalysts Ahead
10-Jan-2023 大选刺激交投 交易所末季料赚6800万
10-Jan-2023 【行家论股】大马交易所 全年派息料达27仙
04-Jan-2023 Bursa Malaysia Targets 39 Listings in 2023 With Total Proceeds to Surpass RM3 Bil
03-Jan-2023 Bursa Malaysia amends rules to facilitate market operations on surprise holidays

Business Background

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.
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  9 people like this.
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 !
28/07/2022 3:22 PM
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.
28/07/2022 3:51 PM
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.
29/07/2022 10:18 AM
sasword Post removed. Why?
29/07/2022 1:04 PM
redhotpepper Nice, dividend of 0.15 sen.
29/07/2022 3:10 PM
efugor 谈Bursa https://www.youtube.com/watch?v=CqdI5zyLaqk
29/07/2022 6:01 PM
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 :)

29/07/2022 7:21 PM
yfchong lastly ada dividend
30/07/2022 7:15 AM
lionel messi He finally saw the darkness and came to his senses TreeTop.
30/07/2022 10:25 AM
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.
04/08/2022 12:35 PM
lionel messi Of course anything is possible in bolehland. Known to be shameless, flip flopping and changing goal post half way.
05/08/2022 2:44 PM
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.

09/08/2022 10:32 AM
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
10/08/2022 9:46 AM
unicornbird agree that the current price is unreasonable, given the rising interest environment and very poor daily transaction volume
10/08/2022 9:47 AM
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.
10/08/2022 11:18 AM
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.
10/08/2022 12:06 PM
yfchong DJI taken steroid today dose #1
10/08/2022 11:20 PM
lionel messi Is it an illusion? Higher DATV is returning to Bursa? Why?
17/08/2022 8:20 AM
yfchong Minday ada ong
20/08/2022 5:07 PM
James_Bond Darling, can I advice you something?! Cash out and stay away from stock market! Economic recession tsunami is around the corner!
06/09/2022 10:09 PM
yfchong Below 5.88
18/09/2022 10:49 PM
MaluNegaraKu Below 5
22/09/2022 2:43 PM
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.
05/10/2022 4:28 PM
yfchong Below Rm6 can make a pitch
05/10/2022 9:25 PM
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.
06/10/2022 10:14 AM
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.
07/10/2022 10:03 AM
yfchong Can get below 6.20?
09/10/2022 6:38 PM
yfchong What happed to bursa malaysia
20/10/2022 6:33 PM
Santiago Yeay! Got 10,000 at rm6 today. Tmrw will open straight at 6.10 at least.. easy money man!
20/10/2022 10:02 PM
Santiago SOLD 6.12... Thank you to whoever marked down to RM6 during yesterday's close.
21/10/2022 10:43 AM
sasword Post removed. Why?
21/10/2022 5:06 PM
yfchong U turn
21/10/2022 6:13 PM
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.
31/10/2022 4:28 PM
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
31/10/2022 10:19 PM
unicornbird I am waiting patiently for re-rating. Hopefully PE drop to 15X, after Fed raise rate this week
01/11/2022 9:26 AM
unicornbird Bursa is the best company you can own. It's a bigger & more stable casino than Genting
01/11/2022 9:27 AM
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
01/11/2022 1:02 PM
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.
01/11/2022 1:09 PM
unicornbird Hopefully Fed raise rate to 8% next year. Bursa will need to drop to 2.60, to generate a yield of 8%
01/11/2022 5:52 PM
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 :)
01/11/2022 7:44 PM
unicornbird We will hold hands & buy together.
02/11/2022 8:49 AM
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
03/11/2022 9:25 AM
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.
08/11/2022 12:45 PM
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.
08/11/2022 12:45 PM
nicholas99 red red.. follow nasdaq.. fomc dangerous.
31/01/2023 12:01 PM
brandon99 Soon for the first time in the history of Malaysian stock market, school year end long holiday falls in February-March. And also the budget is also in February.

Many will be heading to oversea for long holiday but since it is in February-March, the long holiday may not cool down the stock market.

We'll see. An interesting phenomenon to study more about the psychology of retail investors in Bursa.
14/02/2023 11:21 AM
yfchong Poor bursa.....
26/02/2023 3:51 PM
fruitcake https://www.theedgemarkets.com/node/658494 who is coming to invest?
10/03/2023 11:11 AM
fruitcake now everyone can fry
14/03/2023 4:26 PM
bisonbull Why after Div-Ex, GenM red and GenB Green?
21/03/2023 3:30 PM

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