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.
While many HK construction stocks are trading at rock-bottom valuations, Central New Energy Holding Group (HKG:1735) is going the other way — and investors are still buying. P/S Ratio: 5.8x That’s nearly 20x higher than the sector median. Insane? Not if you’re buying future growth. What's the Hype? +50% YoY revenue growth +110% revenue forecast for next year — vs just 16% industry average 3-year compound growth? Incredible. This isn’t a turnaround story. It’s a momentum machine. And if the lone analyst covering the stock is right, that momentum is just getting started. So What’s Priced In? Yes, the stock looks expensive — but high P/S doesn’t always mean overvalued. In this case, the market is betting: This company isn’t just riding the clean energy wave — it’s steering it Revenue is sticky and scalable The risks of reversal are low (for now) The high multiple only makes se...