Bursa participated in CGSI’s Malaysian Corporate Day 2025 on Jan 8, with a one-hour meeting and presentation to 16 institutional investors. Bursa was represented by CEO Muhamad Umar Swift and executive vice-president of investor strategy and development Stephanie Tan.
Malaysia’s stock exchange saw a total of 55 initial public offerings (IPOs) in 2024, the highest number in 19 years, smashing the bourse’s guidance of 42 IPOs. Bursa Malaysia now sees 60 potential IPOs in 2025, and CGS International (CGSI) analyst Winson Ng is projecting “healthy” 7.1% net profit growth in FY2025 ending Dec 31.
With the “robust IPO trend”, Ng is maintaining his “add” call on the stock exchange operator, which is itself listed on Bursa. In a Jan 9 note, Ng raised his target price to RM11.30 ($3.42) from RM11.10 previously. The new target price represents a 30% upside from Bursa’s Jan 10 close of RM8.70.
