Latest news with #BursaMalaysiaBhd
New Straits Times
5 days ago
- Business
- New Straits Times
Bursa Malaysia appoints Bank Islam's Azizan Abd Aziz as new CFO
KUALA LUMPUR: Bursa Malaysia Bhd has appointed Azizan Abd Aziz as its new Chief Financial Officer (CFO), effective Aug 1, 2025, following the resignation of Rosidah Baharom last month. Azizan joins the exchange from Bank Islam Malaysia Bhd, where he has served as CFO since May 2019 and was later promoted to Group CFO following the Islamic bank's listing in October 2021. In a filing to Bursa Malaysia today, Bank Islam confirmed that Azizan has stepped down to pursue other career opportunities, with his last working day set for July 31. Bursa Malaysia announced Azizan's appointment in a separate filing, highlighting his more than 20 years of experience in accounting, finance and advisory, including previous roles at Deloitte Malaysia and KPMG United Kingdom. "Azizan's extensive expertise in both conventional and Islamic finance makes him well-suited to steer Bursa Malaysia's financial strategy and governance," the exchange said. Azizan's entry into Bursa Malaysia follows the departure of Rosidah, who officially stepped down on May 17 to pursue personal interests, prompting a search for her replacement. During the interim, group finance and corporate services executive vice president Rasmona Abdul Rahman was appointed acting CFO to ensure continuity. Azizan is a fellow of the Association of Chartered Certified Accountants, a member of the Malaysian Institute of Accountants and holds a chartered professional qualification in Islamic Finance. He earned his degree in accounting and finance from the University of Plymouth in the UK.
The Star
22-05-2025
- Business
- The Star
Bursa Malaysia launches Shares2U to boost retail investor participation
KUALA LUMPUR: Bursa Malaysia Bhd has launched Shares2U, a securities transfer scheme that enables participating organisations (POs) to reward retail investors with eligible Bursa Malaysia-listed shares as part of their marketing campaigns. In a statement today, the exchange said Shares2U is designed to drive engagement across a broad range of investor profiles, encouraging new investors to begin their investment journey, motivating existing investors to reactivate dormant accounts, and rewarding active investor participation. "For brokers, it encourages a digital-enabled approach to customer interaction, enabling dynamic, value-driven campaigns beyond traditional marketing. "Through Shares2U, POs can reward investors with selected shares when they perform specific actions, such as opening a central depository system account, depositing funds, or executing trades -thereby boosting investor acquisition and retention," it said. As a start, seven POs, including AmInvestment Bank Bhd, CGS International Securities Malaysia Sdn Bhd, Hong Leong Investment Bank, Kenanga Investment Bank Bhd , Malacca Securities Sdn Bhd, Maybank Investment Bank Bhd, and Moomoo Securities Malaysia Sdn Bhd, will leverage Shares2U in their upcoming marketing campaigns. Bursa Malaysia chief executive officer Datuk Fad'l Mohamed said the launch of Shares2U aligns with the exchange's goal to enhance inclusivity and retail investor participation, a key driver of capital market vibrancy. "Today's investors, particularly younger, digitally native generations, expect more than just access. They want value, personalisation, and engaging experiences. "Shares2U empowers participating organisations to meet these expectations while fostering broader retail participation,' he said. Bursa Malaysia also stated that it would work closely with the Securities Commission Malaysia to ensure the initiative is rolled out with appropriate safeguards to protect investors. It noted that comprehensive industry consultation had been conducted with the POs to ensure that the framework is operationally feasible and aligned with market needs. - Bernama
New Straits Times
07-05-2025
- Business
- New Straits Times
Bursa Malaysia closed on May 12 for Wesak Day
KUALA LUMPUR: Bursa Malaysia Bhd and its subsidiaries will be closed on Monday, May 12, in observance of the Wesak Day public holiday. In a statement today, the exchange said operations will resume on Tuesday, May 13. "Nonetheless, Bursa Gold Dinar primary marketplace and Bursa Suq Al-Sila' will remain open for trading on the public holiday," it added.
New Straits Times
01-05-2025
- Business
- New Straits Times
Bursa maintains FY25 targets, despite market headwinds
KUALA LUMPUR: Bursa Malaysia Bhd has reaffirmed its financial year 2025 (FY25) key performance indicators (KPIs), maintaining its pre-tax profit target of RM369 million to RM408 million and aiming for 60 new listings with a combined market capitalisation of RM40.2 billion, despite facing ongoing market headwinds. CIMB Securities reported that Bursa's management shared these updates during a recent analyst briefing. However, the research house noted that a review of these KPIs could take place, with any revisions likely to be announced in the second quarter of 2025 (2Q25). Adopting a more cautious approach, Bursa has also confirmed plans to reduce its annual capital expenditure (capex) from the earlier range of RM50 million–RM60 million, as it prioritises key investments and considers deferring non-critical initiatives amid an increasingly challenging external environment. CIMB said the regulator is actively managing operating expenses to offset softer revenue performance, with particular focus on marketing, professional fees, development spending, and variable staff costs. In the first quarter of 2025 (1Q25), Bursa's operating expenses rose 6.7 per cent year-on-year (YoY) but fell 7.2 per cent quarter-on-quarter (QoQ), resulting in a cost-to-income (CTI) ratio of 50.4 per cent—higher than 46.5 per cent in 1Q24 but lower than 53.8 per cent in 4Q24. Bursa aims to bring its CTI ratio back below 50 per cent through continued cost containment efforts. Following adjustments to its forecasts, CIMB now expects Bursa's FY25 earnings per share (EPS) to decline by 14.5 per cent YoY, with modest growth of 0.5 per cent and 0.8 per cent YoY anticipated in FY26 and FY27, respectively. CIMB reiterated a 'Hold' call on Bursa Malaysia, lowering its discounted cash flow (DCF)-based target price to RM7.40 (from RM8.15), reflecting a forecast FY25 price-to-earnings (P/E) multiple of 22.6 times. Bursa is currently trading at an FY25F P/E of 23.2 times, which is one standard deviation above its 10-year historical average of 18.1 times. "We view Bursa as fairly valued at its current price level, supported by a dividend yield of 4.1 per cent," CIMB said. For 1Q25, Bursa reported a 10 per cent YoY decline in net profit to RM67.5 million, down 2 per cent QoQ, missing analysts' expectations. The weaker earnings were mainly due to a 12.2 per cent YoY (5.5 per cent QoQ) decline in securities trading revenue, as the securities average daily value (ADV) dropped 11.9 per cent YoY and 5.3 per cent QoQ to RM2.8 billion. However, revenue from derivatives trading rose 13.7 per cent YoY (down 12.2 per cent QoQ) on the back of a 21.3 per cent YoY increase in average daily contracts (ADC) to 102,184. Other trading revenues, including contributions from Bursa Suq Al-Sila', Bursa Gold Dinar, and BR Capital, rose 24.5 per cent YoY (up 12.1 per cent QoQ). While the results slightly exceeded CIMB's earlier projections—helped by stronger-than-expected conference, exhibition, and other income—they still fell below expectations, as a weaker 2Q25 net profit is anticipated due to cautious market sentiment following US tariff announcements on April 2. No dividend was declared for 1Q25, in line with expectations, CIMB said. CIMB has also revised its ADV forecasts downward to RM2.7 billion for FY25 (from RM3.2 billion previously) and to RM2.8 billion and RM2.9 billion for FY26–FY27 (previously RM3.2 billion and RM3.3 billion). The revisions reflect expectations of continued weak trading activity amid global trade tensions and evolving US tariff policies, which are expected to weigh on global growth, prolong inflationary pressures, and increase market volatility. While Malaysia's domestic economy remains resilient, CIMB cautioned that global uncertainties could dampen investor and consumer confidence, capping Bursa's earnings upside potential. "As such, we project ADV to ease to RM2.4 billion in Q225. A rebound is anticipated in 2H25 as market uncertainty fades and greater clarity emerges post-negotiations during the 90-day pause," CIMB said. Hong Leong Bank Bhd (HLIB) maintains a HOLD call on Bursa but lowers its target price to RM7.70 (from RM8.83) following the earnings revision. "Although the share price has fallen recently, we still find Bursa's risk-reward profile to be balanced. Considering ADV moderation over the next two quarters, along with the absence of immediate positive catalysts, we envision limited price upside in the near term. Nevertheless, the stock offers a fairly decent dividend yield of 4 per cent," it said in a note. Looking ahead, HLIB expects ADV to remain subdued in the coming months (at lower RM2.2 billion till October 2025) as investors continue to embrace a cautious 'wait-and-see' posture amid prevailing market uncertainties.
The Star
30-04-2025
- Business
- The Star
Bursa Malaysia launches Bursa RISE+ to enhance visibility, profile of companies
Bursa Malaysia chief executive officer Datuk Fad'l Mohamed KUALA LUMPUR: Bursa Malaysia Bhd has announced the launch of its expanded research incentive scheme, Bursa Research Incentive Scheme Plus (Bursa RISE+), to enhance the visibility and corporate profile of selected Malaysian companies. In a statement today, Bursa Malaysia said that through the initiative, which is supported by the Capital Market Development Fund (CMDF), the Malaysian public would have access to comprehensive research coverage conducted by licensed research houses. Chief executive officer Datuk Fad'l Mohamed said Bursa RISE+ underscored the exchange's commitment to promote the capital market as a source of funding for public listed companies (PLCs), private companies, and pre-listed firms. "Through its comprehensive research coverage, Bursa RISE+ aims to raise the profile and visibility of Malaysian companies among investors, thereby facilitating their fundraising efforts throughout their lifecycle,' he said. The research coverage of Bursa RISE+ is wider compared to the earlier phase, Bursa RISE, which focused solely on PLCs, now also encompassing private companies with growth potential, as well as pre-initial public offering (IPO) firms en route to listing on Bursa Malaysia. Bursa RISE+, a two-year initiative, aims to enhance the visibility of 60 PLCs throughout its duration and 40 private companies or pre-IPO firms each year. The research reports produced under the initiative will be accessible to the public via the MyBURSA Customer Portal. - Bernama
