KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
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...