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.
Analyst Recommendation : BUY Target Price : HKD 5.20 Current Price : HKD 4.70 Potential Upside : +10.6% Dividend Yield : 3.0% Analyst Consensus : Buy: 19 Hold: 2 Sell: 0 Key Financials Metric FY2025F FY2026F FY2027F Revenue (HKD m) 693,802 724,286 758,069 Net Profit (HKD m) 255,967 261,661 273,432 Net Margin ~36.9% ~36.1% ~36.1% Forward P/E 7.36x Market Cap HKD 1.88 tn Technical Overview Price Trend : Holding above both 20-day and 50-day EMAs – short-term bullish trend. MACD in positive territory and above the signal line – bullish momentum . Resistance/Support : Resistance : HKD 4.80 (52W high), HKD 5.00 Support : HKD 4.60 , HKD 4.48 A breakout above HKD 4.80 with volume may drive it towards HKD 5.00+ . Performance Highlights YTD Return : +25.8% Free Float : 95% Exchange : Hong Kong Key Takeaways Stable growth expected: ~6% net profit CAGR over 3 ye...