April 20, 2012

Bursa Malaysia - Not a good start to 2012

Stock Name: BURSA
Company Name: BURSA MALAYSIA BHD
Research House: CIMBPrice Call: HOLDTarget Price: 7.28




Target RM7.28

Trading activity is likely to weaken, which is why we regard Bursa's 1Q12 net profit as being in line even though it came in at 27% of our full-year forecast and consensus numbers. 1Q equity and derivative income was already down yoy.

Source: CIMB Daybreak - 20 April 2012, Full PDF Report

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