Kenanga lowers earnings projections for Bursa Malaysia


KUALA LUMPUR: Kenanga Research has cut its FY22 earnings forecast on Bursa Malaysia Bhd in anticipation of softening average daily trading volume (ADV) due to cautious market sentiment and a lack of catalysts.

"We foresee 2022 ADV to soften YoY to RM2.39b (from our earlier RM3b expectations).

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