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.
Technical Outlook Li Auto’s stock is trading above both its 20-day and 50-day moving averages, showing a strong upward trend. Technical indicators like the MACD suggest positive momentum. If the price breaks above HKD 122 with strong volume, the next resistance is at HKD 125. Business Summary Li Auto designs and sells smart electric SUVs in China. The company is part of the growing new energy vehicle sector and benefits from strong domestic demand. Financial Highlights (in million HKD) Year Revenue Net Profit Profit Margin FY2025F 178,826 11,009 6.2% FY2026F 231,437 16,196 7.0% FY2027F 269,323 20,532 7.6% Net profit is expected to grow 27% annually over the next 3 years , showing Li Auto is becoming more efficient and profitable. Profit margins are stable at around 7%, which is strong for the auto industry. Balance Sheet (FY2024): The company’s assets far exceed liabilities , showing financial strength. Equity base remains solid , and net gearing is low, meaning low debt risk. Key...