Hwang-DBS Vickers upbeat on Bursa M'sia
It cites exchange operator's strong dividend payout, structural changes
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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 bank.
Bursa's declaration in July of a special 20 sen dividend - on top of an interim of 16 sen - has lifted its FY13 forecast yield to 6 per cent. The dividends declared in the first half already exceed the total 27 sen paid for the full year ended December 2012.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
