KUALA LUMPUR, July 29 (Bernama) -- Bursa Malaysia rebounded to close higher on Wednesday on selective buying of defensive stocks after a volatile trading session. IPPFA Sdn Bhd director of investment strategy and country economist Mohd Sedek Jantan said consumer products and services stocks lifted the key index higher, overcoming lingering geopolitical concerns. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 3.08 points to 1,715.56 from yesterday’s close of 1,712.48. The benchmark index, which opened 1.91 points higher at 1,714.39, moved between 1,710.79 and 1,720.59 during the day’s trading. In the broader market, gainers outstripped decliners 550 to 476, while 612 counters were unchanged, 1,129 untraded, and 48 suspended. Turnover rose to 2.96 billion units valued at RM2.48 billion from 2.94 billion units valued at RM2.56 billion on Tuesday.
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...