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Malaysian Reserve
13-05-2025
- Business
- Malaysian Reserve
Bursa Malaysia hits over two-month high on trade optimism
KUALA LUMPUR — Bursa Malaysia extended its upward momentum on Tuesday, soaring 2.32 per cent to a more than two-month high, buoyed by renewed risk-on sentiment as the United States (US) and China took significant steps to de-escalate trade tensions over the weekend. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 2.32 per cent, or 35.89 points, to 1,582.39 from Friday's close of 1,546.50. The market benchmark began the day 14.89 points higher at 1,561.39, its lowest level today, before steadily rising to reach an intraday high of 1,582.55 in the late afternoon session. In the broader market, gainers trounced losers 874 to 323, while 408 counters were unchanged, 778 untraded and eight suspended. Turnover expanded to 4.16 billion units worth RM4.48 billion compared to 2.94 billion units worth RM1.89 billion recorded last Friday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the US and China agreed to substantially scale back tariffs, provide a much-needed boost to investor confidence, with local equities playing catch-up after Bursa Malaysia remained closed on Monday for the Wesak Day holiday. 'The improved trade outlook has reignited optimism across regional markets, positioning Malaysia's benchmark index for potential upside in the near term,' he told Bernama. Furthermore, Mohd Sedek said the encouraging retail data has also helped lift market sentiment, reinforcing the view that domestic demand remains resilient. 'It testifies to the underlying strength of the Malaysian economy, which continues to provide a buffer against external headwinds and helps the market weather periods of global uncertainty. 'The strong figures are supportive of earnings prospects for consumer-related stocks and, when viewed alongside easing global trade tensions, have contributed to the FBM KLCI's sustained upward trajectory today,' he added. Among heavyweights, Maybank added 31 sen to RM10.20, Public Bank gained six sen to RM4.50, both Tenaga Nasional and IHH Healthcare rose four sen to RM14.34 and RM7.05, respectively, while MR DIY fell three sen to RM1.67. For active stocks, MYEG was two sen higher at 92.5 sen, Inari jumped 27 sen to RM2.21, VS Industry climbed 12 sen to 91.5 sen, while Top Glove fell two sen to 84 sen and Sapura Energy was flat at 4.5 sen. On the index board, the FBM Emas Index jumped 276.86 points to 11,796.90, the FBMT 100 Index garnered 274.72 points to 11,560.65, and the FBM Emas Shariah Index increased 238.10 points to 11,713.86. The FBM 70 Index leapt 448.07 points to 16,761.78 and the FBM ACE Index rose 42.13 points to 4,725.08. Across sectors, the Financial Services Index surged 520.63 points to 18,575.92, the Industrial Products and Services Index went up 4.13 points to 158.57, the Energy Index added 27.71 points to 721.15, and the Plantation Index put on 109.30 points to 7,355.73. The Main Market volume swelled to 2.15 billion units valued at RM4.15 billion against Friday's 1.22 billion units valued at RM1.59 billion. Warrants turnover improved to 1.64 billion units worth RM214.76 million from 1.35 billion units worth RM209.38 million previously. The ACE Market volume narrowed to 365.0 million units valued at RM117.50 million compared with 372.11 million units valued at RM100.66 million last Friday. Consumer products and services counters accounted for 244.52 million shares traded on the Main Market, industrial products and services (404.07 million), construction (159.35 million), technology (431.75 million), SPAC (nil), financial services (208.86 million), property (221.51 million), plantation (27.06 million), REITs (12.81 million), closed/fund (185,300), energy (164.34 million), healthcare (107.84 million), telecommunications and media (65.87 million), transportation and logistics (40.85 million), utilities (62.91 million), and business trusts (32,900). — BERNAMA
New Straits Times
13-05-2025
- Business
- New Straits Times
Bursa Malaysia hits over two-month high on trade optimism
KUALA LUMPUR: Bursa Malaysia extended its upward momentum on Tuesday, soaring 2.32 per cent to a more than two-month high, buoyed by renewed risk-on sentiment as the United States (US) and China took significant steps to de-escalate trade tensions over the weekend. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) surged 2.32 per cent, or 35.89 points, to 1,582.39 from Friday's close of 1,546.50. The market benchmark began the day 14.89 points higher at 1,561.39, its lowest level today, before steadily rising to reach an intraday high of 1,582.55 in the late afternoon session. In the broader market, gainers trounced losers 874 to 323, while 408 counters were unchanged, 778 untraded and eight suspended. Turnover expanded to 4.16 billion units worth RM4.48 billion compared to 2.94 billion units worth RM1.89 billion recorded last Friday. UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan said the US and China agreed to substantially scale back tariffs, provide a much-needed boost to investor confidence, with local equities playing catch-up after Bursa Malaysia remained closed on Monday for the Wesak Day holiday. "The improved trade outlook has reignited optimism across regional markets, positioning Malaysia's benchmark index for potential upside in the near term," he told Bernama. Furthermore, Mohd Sedek said the encouraging retail data has also helped lift market sentiment, reinforcing the view that domestic demand remains resilient. "It testifies to the underlying strength of the Malaysian economy, which continues to provide a buffer against external headwinds and helps the market weather periods of global uncertainty. "The strong figures are supportive of earnings prospects for consumer-related stocks and, when viewed alongside easing global trade tensions, have contributed to the FBM KLCI's sustained upward trajectory today," he added. Among heavyweights, Maybank added 31 sen to RM10.20, Public Bank gained six sen to RM4.50, both Tenaga Nasional and IHH Healthcare rose four sen to RM14.34 and RM7.05, respectively, while MR DIY fell three sen to RM1.67. For active stocks, MYEG was two sen higher at 92.5 sen, Inari jumped 27 sen to RM2.21, VS Industry climbed 12 sen to 91.5 sen, while Top Glove fell two sen to 84 sen and Sapura Energy was flat at 4.5 sen.
Yahoo
27-02-2025
- Business
- Yahoo
News Flash: Analysts Just Made A Notable Upgrade To Their BM GreenTech Berhad (KLSE:BMGREEN) Forecasts
BM GreenTech Berhad (KLSE:BMGREEN) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The analysts greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals. The stock price has risen 7.4% to RM1.89 over the past week, suggesting investors are becoming more optimistic. Could this big upgrade push the stock even higher? After the upgrade, the two analysts covering BM GreenTech Berhad are now predicting revenues of RM539m in 2025. If met, this would reflect a credible 7.3% improvement in sales compared to the last 12 months. Per-share earnings are expected to bounce 28% to RM0.09. Prior to this update, the analysts had been forecasting revenues of RM471m and earnings per share (EPS) of RM0.08 in 2025. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates. Check out our latest analysis for BM GreenTech Berhad With these upgrades, we're not surprised to see that the analysts have lifted their price target 24% to RM1.99 per share. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that BM GreenTech Berhad's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 7.3% growth on an annualised basis. This is compared to a historical growth rate of 17% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 15% per year. Factoring in the forecast slowdown in growth, it seems obvious that BM GreenTech Berhad is also expected to grow slower than other industry participants. The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Pleasantly, analysts also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow slower than the wider market. With a serious upgrade to expectations and a rising price target, it might be time to take another look at BM GreenTech Berhad. Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. We have analyst estimates for BM GreenTech Berhad going out as far as 2027, and you can see them free on our platform here. Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
