[%gYjv%]
Research by Kenanga
Market Perform – TP RM10.00

“Solid ADVs Following Through"

BURSA’s 1HFY24 results met expectations with the group opting to raise its earnings guidance. However, they may be more conservative compared to our view that the trading landscape in Malaysia could stay robust on the back of better trading sentiment and investment themes. We tweaked higher our FY24F-FY25F forecasts by 1% each, and TP to RM10.00 (from RM9.90). Maintain MARKET PERFORM.

Analyst:
Clement Chua 
[%AApU%]

$KLSE-BURSA
Research by Kenanga
Market Perform – TP RM10.00

“Solid ADVs Following Through"

BURSA’s 1HFY24 results met expectations with the group opting to raise its earnings guidance. However, they may be more conservative compared to our view that the trading landscape in Malaysia could stay robust on the back of better trading sentiment and investment themes. We tweaked higher our FY24F-FY25F forecasts by 1% each, and TP to RM10.00 (from RM9.90). Maintain MARKET PERFORM.

Analyst:
Clement Chua 
clement.chua@kenanga.com.my