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 headlines often focus on high-growth tech or turnaround plays, Ferretti Group — the Italian luxury yacht maker listed in Hong Kong — is steadily carving a place in portfolios that favor profitable, cash-generating growth with strong insider alignment . Earnings Momentum Worth Watching Ferretti’s compound annual growth rate (CAGR) for EPS stands at an impressive 20% over the past three years , underscoring consistent performance in a cyclical luxury market. Latest results show revenue growth of 8.7% YoY , hitting €1.3 billion , with EBIT margins holding firm. For investors, that’s a signal of stable operating leverage , not just temporary tailwinds. Insiders Are Buying — With Conviction In the past year, Ferretti insiders have accumulated over €37 million worth of shares , with zero disposals reported. Among the buyers, Czech billionaire Karel Komarek led the charge with a HK$21 million purchase , at...