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.
As markets navigate policy shifts and macro uncertainty, investors are rotating into stocks that offer both stability and income. U.S. Bancorp (NYSE: USB), a leading regional bank with nationwide reach, presents a compelling case for medium- to long-term investors looking for a balance of growth and income. Why U.S. Bancorp Deserves a Closer Look Steady Earnings Growth on the Horizon U.S. Bancorp is projected to grow its net profit by 9.1% annually over the next three years, reaching close to $7.7 billion by FY2027. This growth is underpinned by a solid 24.3% net profit margin, supported by diversified operations in consumer banking, corporate lending, and wealth management. Valuation Remains Attractive Trading at a forward P/E of just 10.67x, USB is reasonably priced compared to sector peers. With the stock currently at $46.49—below its 52-week high of $53.98—it offers potential for upside. Analysts estimate a fair value of $50.38, indicating room for an 8.4% price increase. A Strong ...