Stock Name: BURSA
Company Name: BURSA MALAYSIA BHD
Research House: CIMB
KUALA LUMPUR: CIMB Equities Research is maintaining its Trading Buy call on Bursa Malaysia with a target price of RM10.70.
It said on Monday, March 29 there was was potential upside from retail participation if certain regulatory constraints are removed to help improve retail participation.
"Overall, we remain bullish on the stockmarket and maintain a KLCI target of 1,450 for end-2010. Our projected core EPS growth of 33.6% for FY10 is underpinned by an expected pick-up in velocity from 34% in 2008-09 to 40%.
"We retain our earnings forecasts and target price of RM10.70, pegged to an unchanged P/E of 33x," it said.
CIMB Research also maintained its Trading Buy call due to potential re-rating catalysts of (1) an expected rise in trading value, (2) sustained market sentiment, (3) a rebound in the effective clearing fee rate, and (4) stronger growth of the derivative business.
Company Name: BURSA MALAYSIA BHD
Research House: CIMB
KUALA LUMPUR: CIMB Equities Research is maintaining its Trading Buy call on Bursa Malaysia with a target price of RM10.70.
It said on Monday, March 29 there was was potential upside from retail participation if certain regulatory constraints are removed to help improve retail participation.
"Overall, we remain bullish on the stockmarket and maintain a KLCI target of 1,450 for end-2010. Our projected core EPS growth of 33.6% for FY10 is underpinned by an expected pick-up in velocity from 34% in 2008-09 to 40%.
"We retain our earnings forecasts and target price of RM10.70, pegged to an unchanged P/E of 33x," it said.
CIMB Research also maintained its Trading Buy call due to potential re-rating catalysts of (1) an expected rise in trading value, (2) sustained market sentiment, (3) a rebound in the effective clearing fee rate, and (4) stronger growth of the derivative business.
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