RHB Research released its Monthly Stock Watch Publication 2 days ago. It took quite a while to download as the file size was more than 13MB.
The research report is a summary of RHB Research’s views of the Bursa Malaysia stocks they cover. It’s quite an extensive list and I’m sure you’ll find some of your favorite Bursa stocks in there. Read the rest of this entry »
I’ve been holding Petronas Dagangan Bhd (PETDAG) shares for a few years now. PETDAG has been a stable performer in my portfolio. While it has not shot up as much as other Bursa Malaysia blue chip stocks over the last year, it also didn’t drop as much during the October 2008 market crash.
Seeing that it is going ex-dividend in early August, I decided to buy a few more shares. Much of Petronas Dagangan business is captive business. I believe it has a strong defensive “moat”, the type that Warren Buffett would be pleased with.
Sunway REIT finally made its debut on Bursa Malaysia today, taking its position as the largest REIT on the local bourse. At its closing price of 88.5 sen, it’s market cap stands at RM2.37 billion, eclipsing YTL’s Starhill REIT which held the top position previously. Here are the properties (and respective valuations) that have gone into SUNREIT:
Retail Properties
Sunway Pyramid Shopping Mall RM2.3 billion Read the rest of this entry »
Looks like another controversy for Genting Group.
Its cash cow Genting Malaysia Berhad (previously Resorts World) saw almost RM1 billion wiped off its market value today as it announced the proposed acquisition of Genting Singapore PLC’s UK casino businesses for RM340 million. When will all the inter company and related party type transactions ever end?
The Bursa Malaysia Finance Sector currently comprises many types of financial companies which include not just banks, but also insurance companies, stock broking companies and other finanial related companies.
To make the analysis purer, we have just created a table which shows the Malaysian banking stocks by themselves. You can view it here:
http://sharesmyway.com/blog/sector-summary-table/
As you can see, our banks have a total market value of around RM195 billion, equating to around 20 times current earnings which are not that cheap. But the analysis is distorted by heavyweights MAYBANK and CIMB which are on higher earnings. Also bank earnings are on a trajectory currently and the broader sector PE should be around 12-13x forward PE.
We have now compiled a listing of the largest companies listed on Bursa Malaysia.
Currently the market capitalization of the top Malaysian companies looks something like this:
The full list can be viewed here.
Tip: In the list, click on News to see the key financial data and latest news for each company 
In a landmark event for both the Malaysia and Bahrain financial sectors, a Memorandum of Understanding (MoU) was signed between Bursa Malaysia Berhad and Bahrain Financial Exchange (BFX). Amongst the items targeted with this agreement is the increase of awareness in terms of investment opportunities in the Islamic market today. Read the rest of this entry »
The recently concluded “Rethink Retail” forum that was conducted by Bursa Malaysia successfully brought together some of the nation’s key financial players, and highlighted several important statistics that need to be rectified in order to make the younger generation consider the stock market industry more seriously in the future.
Bursa Malaysia’s immediate attention lies in re-creating its image to cater for the future of the Malaysian stock market, which means for those below 25 years old (which encompasses 67% of the Malaysian population). Statistics clearly show that if the youth market is to be successfully tapped, the only way of doing it is through the Internet. Read the rest of this entry »
Efforts have been made by the Government to make our local stock market, Bursa Malaysia, more attractive to foreign investors.
The main initiative is by making more shares from government-linked companies (GLCs) available to foreigners. For starters, Khazanah Basional Bhd has announced to divest 32% stake in Pos Malaysia Bhd. In addition to this, Khazanah has sold down stakes in Tenaga Nasional Bhd, Malaysia Airports Holdings Bhd and PLUS Expressways Bhd in the last 9 months.
While Bursa Malaysia has been aggressive in pursuing foreign listings, the group’s chief executive officer Datuk Yusli Mohamed Yusoff insists that they will not compromise on the quality of companies, out of desperation. He said, “Our objective remains to have quality companies listed on our bourse and that is in our long-term interest.”
He stressed that the same standards of governance and disclosures applies to China. This was in response to the negative perception Malaysian investors had on China listings.