February 10, 2012

BURSA - Sustainable momentum is key

Stock Name: BURSA
Company Name: BURSA MALAYSIA BHD
Research House: HWANGDBSPrice Call: SELLTarget Price: 6.00



Bursa Malaysia; Fully Valued; RM7.52
Price target: RM6.00 (Prev RM5.20); BURSA MK

FY11 net profit of RM146m was in line. Declared 13 sen final DPS; 95% payout for FY11. Maintain Fully Valued; raised TP to RM6.00.

Source: HwangDBS Research 10 Feb 2012

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