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...
Tongguan Gold Group (HKG:340) shares slid 8.8% this week, but long-term investors have little to complain about. The stock has delivered a remarkable 423% gain over the past five years, translating to a 39% compound annual growth rate (CAGR).
Key Performance:
5-Year Share Price Gain: +423%
3-Year Gain: +313%
12-Month Total Shareholder Return (TSR): +279%, including dividends
Quarterly Gain: +65%
Earnings Growth:
The company turned profitable within the past five years, marking a key inflection point.
EPS has grown 5.5% annually over three years, though the share price rose at a much faster 60% annual pace, showing heightened market optimism.
Dividends Matter:
The 5-year TSR of 425% exceeds the pure share price return, boosted by dividend reinvestments and corporate actions.
Short-Term vs. Long-Term:
The recent dip highlights short-term volatility, but the long-term trend suggests the market believes Tongguan Gold Group’s fundamentals are improving.
Summary: Despite a sharp pullback this week, Tongguan Gold Group’s multi-year performance remains exceptional, driven by its transition to profitability and strong investor confidence.
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