KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
China Southern Airlines (HKG:1055) shares have gained 29% over the past 12 months, a solid return but still trailing the broader market. Longer-term holders have seen less upside, with the stock down 11% over three years.
Revenue Growth:
The airline’s revenue rose just 1.5% last year, a modest figure given it is still loss-making.
Investors may be betting on future profitability, with revenue growth often seen as a leading indicator for earnings potential.
Market Perspective:
The 29% one-year return outperforms the company’s five-year average annual return of 0.3%, suggesting improving sentiment.
Analysts continue to cover the stock closely, signaling some confidence in its recovery trajectory.
Summary: China Southern Airlines has rewarded investors with a strong one-year gain despite limited revenue growth, but its long-term performance still lags. The next step will depend on whether the airline can convert revenue gains into consistent profits.
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