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Research by TA
Buy – TP RM10.70

“Record Highs"

We revise Bursa's target price (TP) up to RM10.70 from RM8.20 on the back of 1) the upward revision to our forecast, and 2) rolling valuation base year forward to FY25. Our TP is based on an implied FY25 PER of around 24.5x and a 3% ESG premium. We reiterate our BUY recommendation on Bursa.

Analyst:
Li Hsia Wong  
[%BUQX%]

$KLSE-BURSA
Research by TA
Buy – TP RM10.70

“Record Highs"

We revise Bursa's target price (TP) up to RM10.70 from RM8.20 on the back of 1) the upward revision to our forecast, and 2) rolling valuation base year forward to FY25. Our TP is based on an implied FY25 PER of around 24.5x and a 3% ESG premium. We reiterate our BUY recommendation on Bursa.

Analyst:
Li Hsia Wong  
liwong@ta.com.my