Posted by lionel messi > 2021-10-23 10:28 | Report Abuse

Will be flattish and worse than Q2. Q4 appears to be better.

Posted by TreeTopView > 2021-10-23 10:53 | Report Abuse

Brutus and lionel messi, we seem to be thinking along similar lines.
My guesstimate would possibly see an EPS drop of around 5%, so perhaps 10.5 cents. Pure guesswork though.

That 7.80 close on October 15 appears to have halted any further upside for a while, IMO. I'd say 7.55 is a fairly important level and if broken then it might revisit and test the 7.30/7.35 area.

I've noticed fairly regular shorting of the stock over the past few weeks so perhaps the fund managers are thinking the same way as us.

Bursa is a stock that I'm keen to hold as a long termer but I just can't pull the trigger at Rm7+ prices......with that in mind, I'll probably never be lucky enough to get in...lol.

Patience is a virtue, so I'm told :)

Posted by lionel messi > 2021-10-23 16:22 | Report Abuse

Hope you and Bursa are destined and fated to be together. Wonderful soul mate and life partner :)

Posted by TreeTopView > 2021-10-24 09:04 | Report Abuse

lol lionel messi, we have differing opinions of a "soul mate". I have a bit more exotic taste than Bursa could ever offer :)

Posted by gregorythe2 > 2021-10-26 06:37 | Report Abuse

Anyone got any opinion on fundamentals? Management, Capital allocation?

Posted by TreeTopView > 2021-10-28 17:17 | Report Abuse

Just a friendly reminder, the Quarterly will be released tomorrow.

Posted by nisah395 > 2021-10-29 07:24 | Report Abuse

noted with thanks


TreeTopView > Just a friendly reminder, the Quarterly will be released tomorrow.
28/10/2021 5:17 PM

Posted by YouNeedTrust > 2021-10-29 13:26 | Report Abuse

Bursa QR RM80 mil

Posted by TreeTopView > 2021-10-29 13:42 | Report Abuse

Quarter EPS of 9.90 cents, a little bit below my guestimate of around 10.5 cents.
We might see a retest of the 7.35 area in upcoming days, imo.

Posted by vcpmaster123 > 2021-10-29 13:54 | Report Abuse

Agree with treetop.. The result is bad..

Posted by jolynce > 2021-10-29 13:56 | Report Abuse

can buy some at 7.3+

Posted by TreeTopView > Oct 29, 2021 1:42 PM | Report Abuse

Quarter EPS of 9.90 cents, a little bit below my guestimate of around 10.5 cents.
We might see a retest of the 7.35 area in upcoming days, imo.

Posted by TreeTopView > 2021-10-29 13:59 | Report Abuse

vcpmaster123, I didn't say the result was bad. Personally, I think it is in line with expectations. The quarters with 15 cents EPS are going to be a distant memory for a while and these kind of results will be the new normal for a period of time.

Investors should probably be looking for an annualised EPS around 40 cents, imo.

Posted by Valgrovest > 2021-10-29 15:43 | Report Abuse

Results or lower revenue/profit for the latest quarter not unexpected given the recent lower volume of trades in Bursa and the generally weak sentiment in Bursa. Will pick up when market turns bullish again.

Posted by Brutus > 2021-10-29 17:28 | Report Abuse

As expected the QR will not be fantastic. Hopefully there will be a few more bigger IPO to pull more traders/investors to BURSA. Let's see what happens in Q4 after the recent budget announcement. Expect more volume in the next few weeks.

Posted by yfchong > 2021-10-29 17:57 | Report Abuse

Habis liao

Posted by Karma4444 > 2021-10-29 18:41 | Report Abuse

cukai makmur all run away

Posted by aspenvit > 2021-10-29 20:01 | Report Abuse

Stamp duty for shares transactions increased from 0.10% to 0.15% in budget 2022. That is a whooping 50% increase. Is that a significant increase?

Posted by Wirajati > 2021-10-29 20:08 | Report Abuse

Cukai makmur sort of incentivizing highly profitable companies to not keep too much inside. Better spend it on capital assets, or increase pay/bonus for employee. In return, employee spend n economy expands.

Posted by gohkimhock > 2021-10-29 20:09 | Report Abuse

don't get confused of brokerage rate with stamp duty. Stamp duty are for contracts. It has minimal effect on share trading.

Posted by aspenvit > 2021-10-29 20:15 | Report Abuse

Share transactions also incur stamp duty on top of brokerage fee, I think.

Posted by calvintaneng > 2021-10-29 20:19 | Report Abuse

Only hit traders & contra players more

Longer term investors very ok

Change from punting to Investing will save lots of expense

Posted by somo1 > 2021-10-29 22:19 | Report Abuse

In that case, expect lower trading activities,which will translate to lower bottom line for Bursa. SELL then!

Posted by Colgate > 2021-10-29 22:33 | Report Abuse

Message loud and clear. Government asks you to trade less, more long term holdings. Bursa sure less activities. Lastly Government also collect less stamps duties. Government thinking hat got viruses problems, shooting fat goose from producing golden eggs.


Posted by aspenvit > Oct 29, 2021 8:01 PM | Report Abuse

Stamp duty for shares transactions increased from 0.10% to 0.15% in budget 2022. That is a whooping 50% increase. Is that a significant increase?

Posted by ahbah > 2021-10-29 22:37 | Report Abuse

Taklat punting, taklat excitement in the mkt lah.

Now, the mkt is oredi veri sleepi.

Posted by ahbah > 2021-10-29 22:40 | Report Abuse

Stamp duty should be reduced to ZERO !!! to activate our oredi sleepi mkt lah.

Sleepi n down trending mkt is NOT good for our economy mah.

Posted by firehawk > 2021-10-29 22:47 | Report Abuse

Posted by aspenvit > Oct 29, 2021 8:01 PM | Report Abuse

Stamp duty for shares transactions increased from 0.10% to 0.15% in budget 2022. That is a whooping 50% increase. Is that a significant increase?
------------------------------------

This is worse than Najib, Najib proposed,

Stamp duty on shares of mid and small cap companies is waived for three (3) years from 1 March 2018 to 28 February 2022. For stamp duty exemption in 2019, eligible mid and small cap companies are those with market capitalisation between RM200 million and RM2 billion as at 31 December 2018.

Posted by ahbah > 2021-10-29 22:52 | Report Abuse

Our Ah Jeep is the BEST. During his rule, our klci reached its HIGHEST pt

at 1796 pt on 16/6/2017.

Posted by ahbah > 2021-10-29 22:55 | Report Abuse

I hope our Pak Mail can bring up our klci higher than 1796 pt.

Posted by ahbah > 2021-10-29 23:00 | Report Abuse

over 2000 pts, please. Terima kasih.

Posted by nisah395 > 2021-10-30 07:33 | Report Abuse

emmm !!!!

Look like HLIB TP RM8.93 difficult to achieve...)

Forecast. Unchanged – our existing forecast already pencils a weaker 2H21.

Maintain BUY but lower TP to RM8.93. Despite unchanged earnings forecast, we moderate down our TP from RM9.91 to RM8.93 as we (i) roll forward EPS from FY21 to mid-FY22 (lower earnings base) and (ii) lower PE multiple of 24x (from 25x) still based on +1SD above 5Y mean. While the upcoming results present another sequential earnings decline, this has already been baked into our forecast. We continue to like Bursa’s outlook, backed by (i) ADV recovery prospects in 4Q21, (ii) potential for another round of special-D (to recap, the previous earnings upcycle in FY17-18 saw 2 consecutive years of special dividend), on top of a decent normal yield of >4% and (iii) still the cheapest exchange – PE is at a 21% discount to regional peers (SGX, HKX, ASX and NZX). For a sanity check using an alternative valuation yardstick, Bursa’s MC/ADV of 2.0x isn’t excessive at -0.5SD below 10Y mean.


Source: Hong Leong Investment Bank Research - 13 Oct 2021

Posted by yfchong > 2021-10-30 07:36 | Report Abuse

Byebye

Posted by yfchong > 2021-10-30 07:38 | Report Abuse

Ada kena prosperity tax ke

Posted by sense maker > 2021-10-30 15:23 | Report Abuse

Results of Bursa from 1.1.2022 onwards will drop materially because of the 0.15% stamp duty without cap. Next year Institutional, foreign and big players will trade much less on Bursa due to this more than doubling of transaction cost for big transactions on Bursa.

Posted by jolynce > 2021-10-30 21:23 | Report Abuse

Bad QR, increase in stamp duty, tax makmur - triple whammy for Bursa. I don't know if I still want to accumulate this stock at this price.

Posted by Keyman188 > 2021-10-31 14:21 | Report Abuse

Let us review the latest corporate tax rate in the region (follow by highest to lowest)...

Malaysia = 33% (2022 assessment)

Australia = 30%

Philipines = 30%

Japan = 29.74%

South Korea = 27.50%

China = 25%

Indonesia = 25%

Myanmar = 25%

Taiwan = 20%

Thailand = 20%

Vietnam = 20%

Brunei = 18.50%

Singapore = 17%

Hong Kong =16.50%

Macau = 12%


^^Don't forget...RM 100 mil profit PLC considered very minimal & acceptable for investment targeting...

Posted by Wirajati > 2021-10-31 16:43 | Report Abuse

7.30 tomorrow?

Posted by sense maker > 2021-10-31 16:50 | Report Abuse

From 2022 onwards, bursa will only see mostly retail players trading. Funds and big players will basically not trade much. Bursa’s total market volume will come down by half. Bursa should limit down tomorrow unless a U turn on stamp duty is expected by the market.

Posted by CALC > 2021-10-31 17:05 |

Post removed.Why?

Posted by Karma4444 > 2021-10-31 19:02 | Report Abuse

Tomorow bursa will shake the whole world

Posted by Bgt 9963 > 2021-10-31 21:13 | Report Abuse

Good luck tomorrow !

Posted by warrior > 2021-11-01 04:38 | Report Abuse

BURSA will be seriously impacted. 50% increased in Stamp Duty and RM200 cap removed will affect big traders dramatically. The good thing is , there will be less manipulations by day traders.

Posted by Karma4444 > 2021-11-01 10:01 | Report Abuse

gone liao

Posted by Highlanderz > 2021-11-01 10:13 | Report Abuse

Some foreign funds will SLOWLY start pulling out their funds to 50% to avoid sudden change of policy. More cost effectivity and opportunity elsewhere. While local funds managers shaking their head and wait and see. Bursa will be doomed in coming years but still offer some pockets of opportunity although limited.

Posted by Hafid > 2021-11-01 10:15 | Report Abuse

wait for rm4.60

Posted by Thomask > 2021-11-01 10:25 | Report Abuse

Hoseh.. GG

Posted by Thomask > 2021-11-01 10:26 | Report Abuse

Intend to collect some at just now 7.3, but now suddenly dropped to 7.17, haven't buy anything and still thinking

Posted by Karma4444 > 2021-11-01 10:39 | Report Abuse

no hope liao,

Posted by Karma4444 > 2021-11-01 10:41 | Report Abuse

malaysia boleh debts more than 1.25 trillion

Posted by firehawk > 2021-11-01 10:45 | Report Abuse

a double wounded victim of budget .... :-(

Posted by vcpmaster123 > 2021-11-01 10:46 | Report Abuse

No one dare catch bursa.. Is like falling knife.. The latest measures in budget 2022 is very detrimental to bursa