KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Shares of Tangshan Jidong Cement just jumped 30% this month — but before you chase the rally, take a closer look. Despite the price spike, this might not be a growth story. In fact, this cement stock is trading at a humble P/S of just 0.6x , well below its Basic Materials peers in China, many of which trade above 1.6x — and some over 5x . So is this a screaming value buy? Or is the market sending a warning? What’s Beneath the Surface? Last 12 months revenue: -2.1% 3-year revenue trend: -29% total Forward revenue growth estimate: just +0.6% (vs industry +8.1%) Those numbers tell a tough story: this isn’t a high-growth business anymore. What’s Driving the Low Valuation? Revenue is shrinking , and even bullish analysts don’t see a strong rebound. The market sees better growth elsewhere in the Basic Materials space. Investors are cautious , pricing in stagnation — or worse, another leg down. Still, with a low P/S and recent price surge, some c...