Hong Leong Investment Bank Research considers the stock’s risk-reward profile to be balanced despite the share price having fallen 14% year-to-date.
PETALING JAYA: Market sentiment will continue to influence the outlook for Bursa Malaysia, whose second quarter ended June 30, 2025 (2Q25) saw its net profit falling 29% compared with the same quarter a year ago despite diversification into the trading of other asset classes.
BIMB Research has maintained a “buy” call on the stock but at a lower target price of RM8.71 from RM9.33, and cut the financial year ending Dec 31, 2025 (FY25) to FY27 earnings by 7.2%, 7.1% and 6.7% respectively on lower trading activity.
