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.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (SZSE:300760) has seen its stock rise 6.8% in the past three months , prompting questions on whether strong financials are behind the move. A closer look at its return on equity (ROE) suggests the market may indeed be rewarding solid fundamentals. ROE Highlights ROE: 26% (CN¥11b net profit ÷ CN¥44b shareholders' equity) This means the company generates CN¥0.26 in profit for every CN¥1 of equity. Its ROE is far above the industry average of 7.6% , underscoring efficient use of capital. Earnings Performance Net income grew 16% over five years , while the broader industry saw a 3.5% decline . Strong ROE combined with above-average profit retention has supported steady earnings expansion. Dividend Policy & Retained Earnings Median payout ratio: 58%, leaving 42% for reinvestment. Despite paying out most of its profits as dividends, the company has maintained earnings growth. Shenzhen Mindra...