Bursa Forecasted To Record 11% Earnings In Q2 As ADV Soars
Bursa Forecasted To Record 11% Earnings In Q2 As ADV Soars
Bursa Malaysia's performance reflects a revaluation aligned with regional benchmarks following a robust performance in the second quarter of the Calendar Year (CY2024), as cited by Kenanga Investment Bank (Kenanga) in their report today (July 15, Monday).
股票交易所馬來西亞的表現反映了區域基準的重估，這是在通達投資銀行（通達）今日（7月15日，星期一）發佈的報告中指出的，第二季度日曆年（CY2024）表現強勁。
Kenanga gave Bursa Malaysia a MARKET PERFORM rating and raised its target price based on stronger-than-expected average daily value (ADV) metrics in 2QCY24, reaching RM3.61 billion, up by 23% quarter-on-quarter and 103% year-on-year, to an increased target price (TP) of RM9.90, up by 48%. This surge was bolstered by increased interest in large-cap stocks, supported by favourable investment themes and economic developments in Johor.
通達對馬來西亞股票交易所的股票市場表現給予了“市場表現”評級，並根據2QCY24的強勁日均交易值（ADV）指標將其目標價提高，達到了36.1億馬幣，環比增長23％，同比增長103％，目標價提高到了9.90馬幣，上漲了48％。這一漲勢得到了大市值股票投資主題以及柔佛經濟發展的支持。
The bank forecasts Bursa Malaysia's upcoming core earnings for 2nd Quarter Fiscal Year 2024 (2QFY24) to potentially range between RM80 million and RM85 million, marking an 11% quarter-on-quarter increase and a robust 70% year-on-year growth, driven by heightened ADV performance and market sentiment.
該銀行預計Bursa Malaysia在2024年財政年度第二季度（2QFY24）的核心盈利可能在8000萬至8500萬馬幣之間，環比增長11％，同比增長70％，這是由於ADV表現和市場情緒的增強所推動的。
In addition to the TP upgrade, Kenanga adjusted its forward price-to-earnings ratio (PER) for FY25F to 25x, aligning it with global financial exchange peers amidst heightened trading activities. The revision underscores positive sentiment and potential upside in Bursa Malaysia shares amid a favourable market cycle and lean cost structure advantageous in a market upswing.
除了目標價升級，通達還將FY25F的前瞻市盈率（PER）調整爲25倍，使其與全球金融交易所同行的水平保持一致，這是在交易活動增加的背景下。這一修訂強調了市場週期和瘦身成本結構有利於市場上漲的積極情緒和潛在上行空間。