KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
GE Vernova (GEV) surged over 15% intraday to a record $633.72 after posting a solid Q2 earnings beat and signaling a stronger full-year revenue outlook. The company, a spinoff from General Electric, is showing impressive broad-based growth across its energy-focused segments.
Q2 Financial Highlights
EPS: $1.86
vs. $1.76 expectedDown from $4.65 YoY (due to one-off prior-year gains)Revenue: $9.11B (+11% YoY)
vs. $8.81B expected
Orders: $12.4B (+4% organic)
Backlog: +$5.2B sequentially
Segment Performance
| Segment | Q2 Revenue | YoY Growth |
|---|---|---|
| Power | $4.76B | +6.8% |
| Wind | $2.25B | +8.9% |
| Electrification | $2.20B | +23.0% |
The electrification segment stands out with 23% revenue growth, reflecting growing demand for grid modernization and clean energy infrastructure.
Outlook
Full-year guidance unchanged: $36B–$37B revenue
Management now expects to land toward the higher end of the range
Investor Takeaway:
GE Vernova is gaining traction in the energy transition space with solid fundamentals, diversified growth, and increasing backlog.
Investors cheered the revenue beat and upward bias in outlook, signaling confidence in both demand and execution.
GEV is proving to be a credible post-spin growth story in energy equipment and grid tech.
Bottom Line: Strong Q2 across all segments and raised guidance midpoint suggest GEV's momentum is real. This breakout could attract more institutional interest. A clear long-term growth play on global electrification.
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