【BURSA 1818 交流专区】大马交易所

Mr.Business

新闻。

Chasing Bursa Malaysia for a different kind of green

By Goh Thean Eu         
Published: 2008/01/14

THERE is a saying that money doesn't grow on trees. Try telling that to Malaysia's plantation firms as palm oil prices hit record highs.

But Datuk Yusli Mohamed Yusoff, the chief of Bursa Malaysia Bhd, the stock exchange operator, must also be smiling.

Bursa operates the market to trade futures contracts based on crude palm oil. It is the only successful global exchange for the commodity and the contract price is now a global benchmark.

This is a major reason behind the strong interest from foreign suitors who want to buy a stake in Bursa Malaysia.

CME Group, the world's largest derivatives exchange, and NYSE Euronext, parent of the New York Stock Exchange are interested.

Bursa shares are up by more than 10 per cent since December 10, when it said that it is in talks with CME Group.

"With the tie-up, the foreign partner will find it easier to offer CPO futures contracts on their own derivatives exchange, especially now that Bursa is about to launch US dollar CPO futures contracts," said an analyst from a foreign research house.

Bursa could also get help to boost its derivatives business.

At the end of September 2007, the derivatives business accounts for 10 per cent of Bursa's total revenue.

In contrast, Singapore's derivatives market contributes over 20 per cent of SGX's total sales as at end June 2007.

Aberdeen Asset Management Sdn Bhd managing director Gerald Ambrose believes a foreign partner could help improve Bursa's visibility.

This will help it get more foreign companies to list in Malaysia.

"I believe there's a concern over shortages of new large listings. A tie-up like this would make Malaysia a better place for investment. With a foreign partner, it could also help Bursa to secure more foreign IPOs," he said.

If Bursa gets a foreign investor and partner, it will not be the only one. Similar developments have unfolded in developed countries and it is making its way in Asia.

SGX, for example, has bought five per cent of the Bombay Stock Exchange last year for US$42.7 (RM129.2). The Singapore market operator also sold a 4.99 per cent stake to Tokyo Stock Exchange June last year.

The idea is to boost income as they get bigger. They could also squeeze more profits from more trading activity and better efficiency.

For big foreign operators, the long-term goal is convergence, Ambrose said. This is the ability to trade around the world through one software and one system with one single settlement system.

"Of course, it all depends on the level of involvement and partnership," he said.

publicpang

成交量减少.....股价到11...
趁反弹退兵.....大家拾衫.....

网宗

原帖由 Mr.Business 于 25-2-2008 04:50 PM 发表
有趣的是，如果一年前我没有卖出Bursa而继续持有，虽然这一年内Bursa曾经冲到RM16.90，可如果我还是没卖，那到今天我就回到原地 (除了得到RM0.60的股息)了。那长期投资的意义是什么呢？我看到董事啊基金啊，在RM13-R ...

这个就回到了8K前辈的文献和分享－－连GOOGLE也会跌的情况－－没有一直重量级股票是可以长期在高峰一直上无止尽－－总要的是判断－切入点－－适时的砍断或者套利以及适当的库存[50－50]

当股市疯狂时[有点在正常平均值以外[比如RESORT假设每年随着盈利－－通货膨胀－货币贬值等股价上扬等因素之外－徒然的所谓市场看好＝攀高－－都建议适量卖出套利]－－中段的回退再买进等带下一轮又或者等待股息赚幅]

始终－－股海的目的就是赚钱和累积资本－－其实很多人没那么多时间去天天追股市起落的－－买到了自己心仪的价格－－获取了比定期存款更高的股息长期赚利让自己手上资金翻滚倍增－－这就是成功的股海浮沉－－基本所需

然而像我这类本就没什么钱的人－－自然投机低成本股－－期待的开翻－－然后当然还最终累积许多优质股－蓝筹股－－每年等股息花[成功的投资普通人－非公司股东－土著优惠股之类]－－让资金倍增－增值－－这就是股海的宗旨

hancom

不停的创新低当中，股势处于疲弱状态。

kim777

哎，自从３，４／１／０８的RM１３。７０ 升到１４／１／０８的RM１６。３０过后，醒来一次，亏水钱，又在去睡觉。。。

如果好睬RM９。71 不小心动到，那你不是要少赚它１１％ ？

戰神之股

當打壓到一定程度後一定反彈只不過要等時機

Mr.Business

Bursa现在很平静，看来外资还没睡醒。。。

BURSA
(1818) 10:38:27
Last Done        11.100
Change        0.100
Day High        11.200
Day Low        11.000
Best Buy        11.000
Best Sell        11.100
Volume(Lot)        2878

Mr.Business

新闻。

Tuesday February 26, 2008
MYT 3:30:11 PM

New palm oil futures in 6mths

By HANIM ADNAN

KUALA LUMPUR: Bursa Malaysia Bhd is targeting to launch its first US dollar-denominated crude palm oil futures (FUPO) in less than six months. Chief operating officer Omar Merican said preparation to launch the FUPO was at an advanced stage with Bursa doing some fine-tuning in terms of its soft infrastructure.

"We want to make sure that FUPO become a successful futures contract given the high failure rate in terms of new future contracts," he told reporters after the launch of Bursa's annual 19th Palm and Lauric Oils Conference and Exhibition: Price Outlook 2008-2009 (POC 2008) by Plantation Industries and Commodities Ministry secretary general Datuk Dr Michael Dosim Lunjew on Tuesday.

Omar said Bursa was hopeful that its FUPO could rival the success of its existing ringgit-denominated crude palm oil futures (FCPO).

As of Dec 31, 2007, FCPO traded a record 2.8 million contracts as a result of increasing global demand for palm oil and palm oil-based products with foreign participation increasing by 18% from 16% a year earlier.

FUPO is a cash-settled contract that uses FCPO's settlement price.  

Omar said the new derivatives product would be able to draw investors who want to migrate from ringgit-backed palm oil futures to dollar-denominated contracts while continuing to increase its market volume.

http://biz.thestar.com.my/news/s ... 40&sec=business

已非

请问现在买进是时候吗？还是可以在等？

988fulot10

还没有跌到１１元偷笑了，，这个股票，，
成交量越来越少，，今年的业绩和去年比，，没的比，，
去年一天最少都有十几亿成交量，，可不可以买，
自己想象力，，

Mr.Business

买Bursa，就表示你看好我国牛市还在。你相信牛市还在吗？

另外，我想今年至少有RM0.80的股息可以拿，而我的买价是RM10.90，所以股息回报率是差不多7%，不错的回报率。

其实我要讲的是值博率，我觉得这个价钱RM10.90值得博，所以我买进，没有理基本面啦，PE啦。。。

Mr.Business

我觉得我国股市有4间好公司，那就是：
1. 大众银行；
2. Bursa；
3. LPI保险；
4. Top Glove。

悶蛋

bursa应该是一个很好投资的周期股吧，
而且不比钢铁或木材等周期股那么难琢磨，
如果在熊市等不到大众银行，
我一定留一点来买bursa

Mr.Business

等到大熊时，那35%的外资都卖光光后，Bursa应该就很值得买了。。。

Mr.Business

我听说Warren Buffet是不喜欢投资交易所的股票的，因为他鼓励长期投资，而交易所鼓励交易，所以与他的原则有冲突（应该是这样吧？）。

请问大家对此有什么看法吗？

我个人认为Bursa是保赚的生意，而她的竞争对手就是世界各国的交易所。股票交易对国家经济有很大的作用，所以Bursa有很重要的责任，政府为了鼓励股票投资，对Bursa给予很多的协助。

另外Bursa的管理层也很有效率，她的生意基本上也不需要多大资本，又是cash cow (真正的cash cow来的，会派丰富股息的那种)。因此我认为Bursa是投资的好对象。

悶蛋

原帖由 Mr.Business 于 27-2-2008 11:11 AM 发表
我听说Warren Buffet是不喜欢投资交易所的股票的，因为他鼓励长期投资，而交易所鼓励交易，所以与他的原则有冲突（应该是这样吧？）。

另外Bursa的管理层也很有效率，她的生意基本上也不需要多大资本，又是cash cow (真正的cash cow来的，会派丰富股息的那种)。因此我认为Bursa是投资的好对象。

不要这样来映射我的sbagan啦
其实我的签名真的适合所有用心做功课的投资者，
就好像所有的投资者也许都在遵循某位投资家的选股方式选股，
但是选出来的股却往往南辕北辙，
这是为什么？因为每个人的领域与悟性都不同，
所以就会有许多不同的选择出现，
但是往往这些投资者的回报率都不错，
则又延生了不同的经验或投资书籍，
我们都这样的走上了各自的投资路不是吗？

Mr.Business

哈，被你看到了。。。

tan81

基本上，你对它的生意看法，没有错。只是谁是它的管理层和股东。我真的不了解。
不过，因为和政府有密切关系的企业，都须注意，会否被人用来卷钱。
这是大马投资者一定要小心的事情。凡是政府是大股东的公司，都随时会经营不当。
当成短期投机，还好吧。

leong9000

更难得的是，它在国内基本上是独一无二的公司，负面新闻亦不如其他政府独裁机构那般多

以上大大说的很有道理，受教了

不过既然各位都有这样的想法，大概bursa的价格在熊市也不能跌到哪儿去

Mr.Business

旧闻。

February 15, 2006 21:47 PM           

Bursa Malaysia Not Giving Up On Short Selling

KUALA LUMPUR, Feb 15 (Bernama) -- Bursa Malaysia Bhd is not giving up on its intention to reintroduce short selling activities in the local bourse.

"I think the local authority needs to be comfortable. It is something that can be abused if we don't do it properly," said Bursa Malaysia chief executive officer Yusli Mohamed Yusoff at a press conference to announce the exchange's financial results for 2005.

Because it is a major policy decision, the government has got to be really careful in evaluating it, he said when asked why it was taking so long to get approval from the authorities.

Just because it has been publicly rejected by the government in the past, it does not mean that Bursa Malaysia has to give up, he said.

"We just have to keep trying," he said.

He said Bursa Malaysia wanted short selling to be reintroduced as hedging instruments or a risk management tool, but not for someone to increase speculative activities.

Explaining Bursa Malaysia's rationale for short selling, he said that in the development of a market that has all the strong features, short selling should also figure in as a feature.

As for the low participation of retail investors in the exchange, Yusli said Bursa Malaysia wanted to arrest the declining portion of retail participation in local bourse by coming out with new products and services such as structured warrants and single stock futures to increase their interest.

It will also be working with the intermediaries such as the stockbrokers, he said, adding that retail investors should be looking at good small stocks with low valuation of which there were many in the market now.

Retail investors' share of the trading value on Bursa Malaysia hit an eight year low of 29 percent last year from as high as 49 percent in 1998 and 59 percent in 1999.

Yusli said a reasonable balance would be 40 percent share for retail investors, 30 percent for local institutions and 30 percent foreign interests.

Foreign interest last year increased to 37 percent from 31 percent in 2004.

He said Bursa Malaysia did not want any particular category to be too dominant as it would lead to unhealthy trends such as too much retail would make the market too speculative.

On the sale of Bursa Malaysia's building, Yusli said the proposal was still preliminary and that it would have to still negotiate with the Federal Land Office. While the exchange owns the building, the land is still leased from the government, he said.

He said it would take a few more months of negotiations to set any timeframe on the sale of the building which is valued at RM265 million including the lease.

He said Bursa Malaysia was also assessing proposals from potential buyers and needed to discuss with the government on the options regarding the land.

On the proposed trading link with Singapore Exchange Ltd, he said a tie-up may happen in 2007.

He said the delay was due to the implementation of Bursa Malaysia's new common trading platform.

He said the bourse was also waiting for the regulatory approval for its proposal to increase listing fees.

Bursa Malaysia is also not expected to change its policy of paying a minimum of 75 percent of its net profit as dividend to shareholders.

In the financial year ended Dec 31, 2005, the proposed payout is about 90.2 percent or 20 sen gross per share.

Bursa Malaysia Bhd recorded a slightly lower pre-tax profit of RM22.48 million for the fourth quarter ended Dec 31, 2005, compared with RM23.77 million in the same quarter of 2004.

Revenue for the quarter fell to RM57.404 million from RM67.069 million.

For the full year, pre-tax profit widened to RM117.587 million from RM63.482 million while revenue dropped to RM257.629 million from RM286.554 million.

-- BERNAMA

http://www.bernama.com.my/bernama/v3/news_business.php?id=180561