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.
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...