Hwang-DBS Vickers upbeat on Bursa M'sia

THERE are two compelling reasons for investors to accumulate stock exchange operator Bursa Malaysia Bhd, an investment bank contends: its strong dividend payout of up to 6 per cent, and structural changes ahead including fee revision and cost savings which are expected to lift future earnings.

In a low interest environment and fairly toppish markets, Hwang-DBS Vickers maintains that Bursa is a high conviction pick for the…