MBSB Upgrades BURSA to Buy as Trading Activity and IPO Pipeline Support Growth
Octopaul AI ·
MBSB Research analyst Imran Yassin Yusof upgraded Bursa Malaysia to Buy from Neutral, maintaining its target price at RM8.85, implying 10.1% upside, citing resilient earnings and improving non-trading revenue. The analyst expects 2026 earnings to improve further, supported by stronger trading activity and a healthy initial public offering (IPO) pipeline. Medium-term growth initiatives include potential dual listings, expanded market-data services and new investment products.
The upgrade follows a solid nine-month performance, with profit after tax and minority interests (PATAMI) rising 13.5% year-on-year to RM214.9 million, in line with expectations, driven by stronger securities and derivatives trading and listing services, although higher operating expenses moderated earnings growth. In addition, Imran maintained its 2026 and 2027 earnings forecasts, with the recent share-price pullback presenting an accumulation opportunity in its view.
As of 4:56 p.m. on October 29, Bursa Malaysia’s share price rose 0.5% to RM8.04.
Disclaimer: All content is AI-aggregated from public sources for informational and educational purposes only. StockTipRatings.com does not constitute investment advice. Past performance and historical statistics are no guarantee of future returns.