PETALING JAYA: BIMB Research has turned more constructive on Bursa Malaysia Bhd
, citing stronger trading activity, resilient earnings prospects and the potential for improved market sentiment should US interest rates ease in 2027.
It said the exchange operator is poised to deliver another quarter of solid earnings growth, supported by robust trading activity in the equities market.
The research house upgraded its call on the stock to “buy” from “hold” and lifted its target price to RM9.50, saying Bursa is benefitting from sustained securities market trading volumes despite heightened geopolitical uncertainties.
BIMB Research expects Bursa to report a net profit of RM74.8mil for the second quarter (2Q26) of financial year 2026, representing a 2.7% quarter-on-quarter increase.
This would bring first-half earnings to RM147.3mil, up 17.7% year-on-year, driven mainly by stronger trading revenue from both the securities and derivatives markets.
A key earnings driver has been the resilience of the average daily trading value (DATV), which remained above RM3bil throughout the quarter. The research house noted that securities market DATV averaged RM3.38bil in 2Q26.
