Bursa Malaysia

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Bursa Malaysia Berhad
بورسا مليسيا برحد
Public company (KLSE:[1])
Industry Stock exchange
Founded 1964
Headquarters 15th Floor, Exchange Square, Bukit Kewangan, 50200 Kuala Lumpur, Malaysia.
Key people
 Tajuddin Atan, CEO
Mohamed Dzaiddin Haji Abdullah, Chairman
Website www.bursamalaysia.com

Bursa Malaysia (MYX: 1818) is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services.

On 18 May 2015, the MYX joined the United Nations Sustainable Stock Exchanges (SSE) initiative as part the SSE's regional dialogue in Bangkok hosted by the Stock Exchange of Thailand.[2]

History

The offices of Bursa Malaysia

Bursa Malaysia (MYX: 1818) previously known as Kuala Lumpur Stock Exchange (KLSE, Bursa Saham Kuala Lumpur in Malay) dates back to 1930[3] when the Singapore Stockbrokers' Association was set up as a formal organisation dealing in securities in Malaya. The first formal securities business organisation in Malaysia was the Singapore Stockbrokers' Association, established in 1930. It was re-registered as the Malayan Stockbrokers' Association in 1937. The Malayan Stock Exchange was established in 1960 and the public trading of shares commenced. The board system had trading rooms in Singapore and Kuala Lumpur, linked by direct telephone lines.

In 1964, the Stock Exchange of Malaysia was established. With the secession of Singapore from Malaysia in 1965, the Stock Exchange of Malaysia became known as the Stock Exchange of Malaysia and Singapore. In 1973, currency interchangeability between Malaysia and Singapore ceased, and the Stock Exchange of Malaysia and Singapore was divided into the Kuala Lumpur Stock Exchange Berhad and the Stock Exchange of Singapore. The Kuala Lumpur Stock Exchange which was incorporated on 14 December 1976 as a company limited by guarantee, took over the operations of the Kuala Lumpur Stock Exchange Berhad in the same year.

In 1998, as one of the attempts to weather the 1997 Asian financial crisis, it fully suspended the trading of CLOB (Central Limit Order Book) counters, indefinitely freezing approximately US$4.47 billion worth of shares and affecting 172,000 investors, most of them Singaporeans.[4][5][6]

On 14 April 2004, Kuala Lumpur Stock Exchange was renamed Bursa Malaysia Berhad, following the demutualisation exercise, the purpose of which was to enhance competitive position and to respond to global trends in the exchange sector by making themselves more customer-driven and market-oriented. It consisted of a Main Board, a Second Board and MESDAQ with total market capitalisation of MYR700 billion (US$189 billion).

Bursa Malaysia has since then focused on various initiatives aimed at improving its product and service offerings, increasing the liquidity and velocity of its markets, improving the efficiency of its businesses and achieving economies of scale in its operations. On 18 March 2005, Bursa Malaysia was listed on the Main Board of Bursa Malaysia Securities Berhad with a 17% or RM0.50 premium over its retail price of RM3.00.

Source: Bursa Malaysia's History Page – Data updated as at 9 March 2010 -->Bursa Malaysia's History

Structure

The wholly owned subsidiaries of Bursa Malaysia own and operate the various businesses, as set out below:-

  1. Bursa Malaysia Securities Bhd – Provide, operate and maintain securities exchange
  2. Bursa Malaysia Derivatives Bhd – Provide, operate and maintain a futures and options exchange
  3. Labuan International Financial Exchange Inc. – Provide, operate and maintain offshore financial exchange
  4. Bursa Malaysia Bonds Sdn Bhd – Provide, operate and maintain registered electronic facility for secondary bond market
  5. Bursa Malaysia Securities Clearing Sdn Bhd – Provide, operate and maintain a clearing house for the securities exchange
  6. Bursa Malaysia Derivatives Clearing Bhd – Provide, operate and maintain a clearing house for the futures and options exchange
  7. Bursa Malaysia Depository Sdn Bhd – Provide, operate and maintain a central depository
  8. Bursa Malaysia Depository Nominees Sdn Bhd – Act as a nominee for the central depository and receive securities on deposit for safe-custody or management
  9. Bursa Malaysia Information Sdn Bhd – Provide and disseminate prices and other information relating to securities quoted on exchanges within the group
  10. Bursa Malaysia Islamic Services Sdn Bhd – Operate all Islamic Markets businesses and activities initiated under Bursa Malaysia

Trading Hours

Monday – Friday (except public holidays)

  • Pre-Open – 8.30 am – 9.00 am
  • Continuous Trading – 9.00 am – 12.30 pm
  • Pre-Open – 2.00 pm – 2.30 pm
  • Continuous Trading – 2.30 pm – 4.45 pm
  • Pre-Close – 4.45 pm - 4.50 pm
  • Trading at Last 4.50 pm – 5.00 pm
  • Close – 5.00 pm

[7]

Offerings & Products

Bursa Malaysia also has a range of progressive products and services which covers equities, derivatives, offshore listings and services, bonds and Islamic offerings:

Securities Market Derivatives Market Islamic Offerings Others
Two Markets:
  • Main Market: 823 companies
  • Ace Market: 117 Companies

Market capitalisation as at 31 March 2011: MYR1.287 trillion / USD429 billion

Products:

Ten Derivatives Products:

  • Commodity futures
  • Equity futures
  • Equity options
  • Financial futures
  • Sukuk
  • Shari'ah compliant equities
  • i-Reits
  • i-ETFs
  • Bursa Suq Al-Sila'

Bond Market – Electronic trading platform for:

  • Government Bonds
  • Corporate Bonds

Offshore Market

  • Non-Ringgit Securities
  • Sukuk Listing

Closed-end funds

Source: Bursa Malaysia Annual Report 2009 – Data updated as at 31 December 2009--->Bursa Malaysia's Annual Report 2009

Events

On 18 April 2005, Bursa Malaysia introduced CBRS, a scheme which allows all investors to access research reports of Bursa-listed companies free-of-charge.

In June 2006, a new index series jointly developed by Bursa Malaysia and FTSE Group was introduced which is FTSE Bursa Malaysia Index. On 7 November 2006, the index finally passed the 1,000 mark hurdle and closed at 1,003.28. It was partly boosted by the strong overnight close in the Wall Street.

On 10 March 2008, trading on the exchange was suspended for one hour due to composite index fall by more than 10 percent or 130 points to 1166.32 points. This was largely by combination of factors such as the United States Subprime mortgage crisis and the political uncertainty caused by the 12th General Election. Dealers expected the move was an over-reaction to the election results and the market will correct itself.[8] The index gained 2.1% the next day on the morning session as investor reinvest in plantation stocks and blue chips.[9]

On 3 July 2008, trading on the exchange was suspended for the day when it suffered multiple hardware glitches. The glitches only affected the equities market, not the bonds and commodity market.[10] Trading resumed the next day.

Latest Events

Summary of Bursa Malaysia's 2009 Initiatives/ Events Highlights:

Improved Accessibility

  • Launch of DMA for the securities market
  • Introduction of SBL-Negotiated trades
  • Introduction of Market Making for Structured Warrants and Exchange Traded Funds

Enhanced Efficiency

  • New fund raising framework and board structure
  • Restructuring of minimum tick size
  • Shortening of trading halt

Developed New Products and Services

  • Launch of FTSE Bursa Malaysia Palm Oil Plantation Index Series
  • Listing of foreign IPOs
  • Listing of sukuk and bonds

Internationalised Markets

  • KLCI enhancement to FBM KLCI
  • Strategic partnership with CME
  • Launch of Bursa Su Al-Sila'

Source: Bursa Malaysia Annual Report 2009 – Data updated as at 31 December 2009--->Bursa Malaysia's Annual Report 2009

Largest Stocks by Market Value

BursaMKTPLC screener : Data Updated at 30 Jul 2015 - 20:05 PM[11]

Code Stock Long Name Stock Sector S-Issued M-Cap Avg Price Y-High Y-Low P/E Div EPS Revenue Net Profit
(MYX: 1155) MALAYAN BANKING BHD MAYBANK Finance 9538902868 85754736783 9.0209 10.2 8.25 12.41 57 74.15 35712006000 6911043000
(MYX: 1295) PUBLIC BANK BHD PBBANK Finance 3882138347 73294771991 18.8651 19.9 17.4 16.06 54 123.74 16860071000 4563340000
(MYX: 5347) TENAGA NASIONAL BHD TENAGA Trading/Services 5643611171 68400567393 12.1307 16.96 11.94 10.64 29 114.59 42792400000 6426800000
(MYX: 6888) AXIATA GROUP BERHAD AXIATA Trading/Services 8702629160 54652511125 6.2955 7.29 6.22 23.31 22 27.4 18711777000 2344413000
(MYX: 4197) SIME DARBY BHD SIME Trading/Services 6211158286 53415961260 8.5599 9.77 8.26 15.17 36 55.58 43907965000 3520540000
(MYX: 5183) PETRONAS CHEMICALS GROUP BHD PCHEM Industrial Products 8000000000 51120000000 6.3972 6.81 4.65 18.75 16 31 14597000000 2726000000
(MYX: 6012) MAXIS BERHAD MAXIS Trading/Services 7508998200 49108848228 6.5287 7.3 6.21 28.47 40 22.9 8389000000 1725000000
(MYX: 5225) IHH HEALTHCARE BERHAD IHH Trading/Services 8222239034 48840099862 5.9349 6.12 4.6 51.78 3 9.24 7344019000 943284000
(MYX: 1023) CIMB GROUP HOLDINGS BERHAD CIMB Finance 8489791576 44146916195 5.2427 7.4 5.05 13.91 15 37.48 14145924000 3174557000
(MYX: 6033) PETRONAS GAS BHD PETGAS Industrial Products 1978731915 42978057194 21.7036 24.08 20.6 23.33 55 93.15 4391716000 1842080000
(MYX: 6947) DIGI.COM BHD DIGI Infrastructure 7775000000 41907250000 5.3926 6.65 5.25 20.63 26 26.12 7018507000 2031088000
(MYX: 3816) MISC BHD MISC Trading/Services 4463793103 34594396548 7.7895 9.39 6.4 14.91 10 49.4 9296254000 2320037000
(MYX: 3182) GENTING BHD GENTING Trading/Services 3743195581 30095292471 8.1039 10.04 7.88 9.57 4 40.27 18216498000 3146126000
(MYX: 1961) IOI CORPORATION BHD IOICORP Plantations 6459295395 26999854751 4.2178 5.13 3.91 7.97 20 52.93 11910600000 3389700000
(MYX: 5819) HONG LEONG BANK BHD HLBANK Finance 1879909100 25491567396 13.556 14.96 13.22 12.13 41 119.37 4039059000 2102270000
(MYX: 4715) GENTING MALAYSIA BERHAD GENM Trading/Services 5938044648 24642885289 4.1818 4.7 3.78 21.61 6.5 20.96 8229433000 1140286000
(MYX: 4863) TELEKOM MALAYSIA BHD TM Trading/Services 3757934823 24388997001 6.5399 7.79 6.14 28.95 22.9 22.89 11235102000 842494000
(MYX: 2445) KUALA LUMPUR KEPONG BHD KLK Plantations 1067504692 23122151629 21.705 24.3 19.6 22.39 55 93.1 11129973000 1032694000
(MYX: 5681) PETRONAS DAGANGAN BHD PETDAG Trading/Services 993454000 20524759640 20.6578 22.52 14.56 40.39 60 50.5 32340998000 508150000
(MYX: 1066) RHB CAPITAL BHD RHBCAP Finance 2588481428 19154762567 7.3851 9.57 7.05 9.28 6 79.7 10413246000 2063464000
(MYX: 4162) BRITISH AMERICAN TOBACCO (M) BAT Consumer Products 285530000 18844980000 66.0789 74.4 58.86 20.89 78 315.9 4795991000 902031000
(MYX: 4065) PPB GROUP BHD PPB Consumer Products 1185499882 17806208228 15.0744 16.2 13.42 18.96 23 77.33 3701008000 938917000
(MYX: 4707) NESTLE (M) BHD NESTLE Consumer Products 234500000 17005940000 72.0091 75.5 65.9 30.9 235 234.71 4808933000 550384000
(MYX: 1015) AMMB HOLDINGS BHD AMBANK Finance 3014184844 16758867733 5.5802 7.22 5.25 8.2 27.3 63.83 9142521000 2044553000
(MYX: 4677) YTL CORPORATION BHD YTL Trading/Services 10793991262 16730686456 1.558 1.79 1.5 6.46 12 14.86 19207657000 2591830000
(MYX: 1082) HONG LEONG FINANCIAL GROUP BHD HLFG Finance 1052767789 16128402527 15.3325 18.48 14.98 6.41 38 162.9 4563285000 2517356000
(MYX: 6399) ASTRO MALAYSIA HOLDINGS BERHAD ASTRO Trading/Services 5201728400 15709219768 2.9718 3.55 2.83 30.58 11 9.99 5231444000 513749000
(MYX: 5218) SAPURAKENCANA PETROLEUM BHD SKPETRO Trading/Services 5992155087 14381172209 2.4051 4.4 2.02 10.03 4.35 23.93 9943019000 1433460000
(MYX: 5246) WESTPORTS HOLDINGS BERHAD WPRTS Trading/Services 3410000000 14253800000 4.1154 4.68 2.8 27.83 11.25 15.02 1562079000 512205000
(MYX: 5235SS) KLCC PROP&REITS-STAPLED SEC KLCC REITS 1805333083 12673438243 7.0132 7.4 6.33 10.93 33.64 51.95 1353516000 1159387000
(MYX: 3034) HAP SENG CONSOLIDATED BHD HAPSENG Trading/Services 2243936130 12094815741 5.3705 5.58 3.48 14.82 25 36.67 3768049000 816326000
(MYX: 3336) IJM CORPORATION BHD IJM Construction 1786347110 11914935224 6.7456 7.5 6.13 16.71 15 32.63 5448282000 713041000
(MYX: 4588) UMW HOLDINGS BHD UMW Consumer Products 1168293932 11601158745 9.9793 12.68 9.64 9.57 41 56.29 14958906000 1211739000
(MYX: 6742) YTL POWER INTERNATIONAL BHD YTLPOWR Infrastructure 7424320035 11581939255 1.5622 1.67 1.42 9.64 10 18.05 14391749000 1201198000
(MYX: 5398) GAMUDA BHD GAMUDA Construction 2405905055 11211517556 4.7412 5.36 4.54 15.25 12 31.29 2229572000 735083000
(MYX: 5014) MALAYSIA AIRPORTS HOLDINGS BHD AIRPORT Trading/Services 1659191828 10038110559 6.0034 7.96 5.89 13.41 - 55.42 3343722000 748491000
(MYX: 5264) MALAKOFF CORPORATION BERHAD MALAKOF Trading/Services 5000000000 8450000000 1.6849 1.91 1.63 - - - - -
(MYX: 7277) DIALOG GROUP BHD DIALOG Trading/Services 5086882259 7986405147 1.5752 1.93 1.19 34.91 3.1 8.91 2551690000 228773000
(MYX: 1899) BATU KAWAN BHD BKAWAN Plantations 435951000 7943027220 18.22 19.82 16.94 7.18 60 126.87 11499664000 1106715000
(MYX: 8664) SP SETIA BHD SPSETIA Properties 2595205327 7915376247 3.0751 3.65 3 15.32 9.7 16.3 3810102000 516719000
(MYX: 3794) LAFARGE MALAYSIA BERHAD LAFMSIA Industrial Products 849695476 7817198379 9.2368 10.8 8.38 30.54 34 30.1 2743090000 256007000
(MYX: 2291) GENTING PLANTATIONS BERHAD GENP Plantations 775697025 7749213280 9.9825 11.56 9 20.19 10 49.33 1642939000 383777000
(MYX: 5249) IOI PROPERTIES GROUP BERHAD IOIPG Properties 3778850513 7179815975 1.8963 2.79 1.79 7.74 8 28.2 1454445000 927273000
(MYX: 5168) HARTALEGA HOLDINGS BHD HARTA Industrial Products 820433757 7080343323 8.6099 9.05 6.56 33.68 13 27 1145965000 210205000
(MYX: 3689) FRASER & NEAVE HOLDINGS BHD F&N Consumer Products 366600801 6635474498 18.0989 19.12 15.42 25.58 55 71 3818802000 259408000
(MYX: 2488) ALLIANCE FINANCIAL GROUP BHD AFG Finance 1548105929 6548488080 4.2371 5.1 4 12.34 15.4 34.8 1382989000 530780000
(MYX: 2194) MMC CORPORATION BHD MMCCORP Trading/Services 3045058552 6546875887 2.1759 2.87 2.16 8.14 - 16.19 8765501000 804302000
(MYX: 5258) BIMB HOLDINGS BHD BIMB Finance 1542209734 6477280883 4.1871 4.44 3.7 11.04 23.2 35.64 2967473000 586904000
(MYX: 5210) BUMI ARMADA BERHAD ARMADA Trading/Services 5866269344 6394233585 1.0849 3.42 0.98 28.5 1.63 4.32 2397339000 224365000
(MYX: 5211) SUNWAY BERHAD SUNWAY Properties 1766133018 6146142903 3.4885 3.93 3 7.49 11 43.09 4841876000 820887000
(MYX: 2852) CAHYA MATA SARAWAK BHD CMSB Industrial Products 1074375720 6134685361 5.7429 6 3.3 23.1 8.5 21.42 1673898000 265608000
(MYX: 5222) FELDA GLOBAL VENTURES HLDG BHD FGV Plantations 3648151500 6128894520 1.6572 4.18 1.54 11.74 10 8.4 16434331000 521860000
(MYX: 2089) UNITED PLANTATIONS BHD UTDPLT Plantations 208134266 5619625182 26.9897 29.48 22.96 20.12 165 133.8 1021843000 279371000
(MYX: 7084) QL RESOURCES BHD QL Consumer Products 1248029430 5291644783 4.2031 4.16 3.07 27.02 4.25 15.27 2704507000 195823000
(MYX: 1171) MALAYSIA BUILDING SOCIETY BHD MBSB Finance 2838467196 5080856281 1.7935 2.68 1.64 5.01 12 39.15 2612512000 1015029000
(MYX: 7113) TOP GLOVE CORPORATION BHD TOPGLOV Industrial Products 621893812 4900523239 7.754 7.97 4.21 26.73 16 29.03 2276481000 183355000
(MYX: 5185) AFFIN HOLDINGS BHD AFFIN Finance 1942948547 4896230338 2.5182 3.58 2.53 8 15 35.25 1823550000 612356000
(MYX: 7153) KOSSAN RUBBER INDUSTRIES BHD KOSSAN Industrial Products 639467904 4693694415 7.3919 7.45 3.96 31.93 7 22.48 1299313000 147020000
(MYX: 8621) LPI CAPITAL BHD LPI Finance 331985808 4687639609 14.1012 22.5 13.86 16.56 75 128.33 1169693000 283016000
(MYX: 5212) PAVILION REAL ESTATE INV TRUST PAVREIT REITS 3015931148 4644533968 1.5492 1.63 1.34 9.1 7.96 16.94 402092000 510475000
(MYX: 5878) KPJ HEALTHCARE BHD KPJ Trading/Services 1053164576 4570734260 4.3316 4.42 3.38 30.35 4.9 13.55 2640958000 150595000
(MYX: 5227) IGB REAL ESTATE INV TRUST IGBREIT REITS 3459350693 4566342915 1.3271 1.38 1.22 14.38 7.79 9.24 461768000 317617000
(MYX: 5176) SUNWAY REAL ESTATE INVT TRUST SUNREIT REITS 2937776900 4553554195 1.5495 1.76 1.39 11.08 8.36 14.06 427788000 411124000
(MYX: 4006) ORIENTAL HOLDINGS BHD ORIENT Consumer Products 620393638 4491649939 7.2213 7.96 6.48 11.06 6 52.88 3466884000 405966000
(MYX: 5148) UEM SUNRISE BERHAD UEMS Properties 4537436037 4446687316 0.984 2.11 0.935 9.27 3 10.58 2661674000 479776000
(MYX: 1562) BERJAYA SPORTS TOTO BHD BJTOTO Trading/Services 1351030072 4444888937 3.3006 3.85 3.19 11.96 21.5 26.75 5288361000 371513000
(MYX: 1818) BURSA MALAYSIA BHD BURSA Finance 534614300 4325029687 8.0088 9 7.78 21.2 54 37.2 503756000 204022000
(MYX: 3255) GUINNESS ANCHOR BHD GAB Consumer Products 302098000 4320001400 14.3 14.98 12.02 21.8 64.5 65.61 1610587000 198206000
(MYX: 2771) BOUSTEAD HOLDINGS BHD BSTEAD Trading/Services 1034178053 4147053993 3.9812 5.25 3.95 7.78 26 39.47 10608200000 533300000
(MYX: 6599) AEON CO. (M) BHD AEON Trading/Services 1404000000 4099680000 2.9176 4.12 2.64 19.35 5 15.15 3705477000 211877000
(MYX: 5031) TIME DOTCOM BHD TIMECOM Infrastructure 575600469 3896815175 6.7888 7.43 4.35 22.6 5.6 30.34 596283000 172402000
(MYX: 3859) MAGNUM BERHAD MAGNUM Trading/Services 1437748654 3853166393 2.6673 3.13 2.56 14.72 20 18 2886541000 261756000
(MYX: 2836) CARLSBERG BREWERY MALAYSIA BHD CARLSBG Consumer Products 308078000 3850975000 12.5351 14.48 10.36 17.75 71 69.2 1635096000 216921000
(MYX: 1597) IGB CORPORATION BHD IGB Properties 1364798340 3821435352 2.77 2.97 2.46 11.61 1 16.29 1176356000 329080000
(MYX: 8206) ECO WORLD DEVELOPMENT GROUP BERHAD ECOWLD Properties 2364265278 3735539139 1.5791 5.25 1.43 153.93 - 9.58 156326000 24268000
(MYX: 5099) AIRASIA BHD AIRASIA Trading/Services 2782974080 3729185267 1.3563 2.94 1.23 45.02 - 3 5415744000 82836000
(MYX: 8583) MAH SING GROUP BHD MAHSING Properties 2409417228 3614125842 1.5 2.6 1.47 10.7 6.5 23.45 2904723000 337663000
(MYX: 5202) MSM MALAYSIA HOLDINGS BERHAD MSM Consumer Products 702980000 3528959600 5.02 5.5 4.71 13.73 - 36.56 2281493000 257013000
(MYX: 4219) BERJAYA LAND BHD BJLAND Trading/Services 5000337104 3500235973 0.6924 0.88 0.66 - - -7.99 5917413000 -178466000
(MYX: 7293) YINSON HOLDINGS BHD YINSON Trading/Services 1092798440 3333035242 3.0367 3.51 2.39 13.27 1.5 26.04 1083424000 251104000
(MYX: 2003) KULIM (M) BHD KULIM Plantations 1343629656 3305328954 2.4601 3.57 2.41 10.26 0.38 13.55 1095158000 322228000
(MYX: 6139) SYARIKAT TAKAFUL MALAYSIA BHD TAKAFUL Finance 815032500 3211228050 3.9788 16.6 3.09 23.15 40 86.27 1652639000 138735000
(MYX: 138) MY E.G. SERVICES BHD MYEG Trading/Services 1202102000 3209612340 2.6676 4.76 2.25 64.05 2.5 8.5 109872000 50113000
(MYX: 8869) PRESS METAL BHD PMETAL Industrial Products 1298468832 3194233327 2.4601 7.46 2.27 11.98 16 34.96 4060595000 266580000
(MYX: 5209) GAS MALAYSIA BERHAD GASMSIA Trading/Services 1284000000 3184320000 2.4823 3.65 2.44 19 9 13.06 2773462000 167628000
(MYX: 5032) BINTULU PORT HOLDINGS BHD BIPORT Trading/Services 460000000 3128000000 0 7.2 6.6 21.83 18 31.14 552265000 143271000
(MYX: 2216) IJM PLANTATIONS BHD IJMPLNT Plantations 880580460 3126060633 3.55 3.82 3.12 37.99 6 10.74 667666000 82297000
(MYX: 5200) UOA DEVELOPMENT BERHAD UOADEV Properties 1520789400 3117618270 2.0506 2.32 1.96 8.74 13 22.89 1077849000 356840000
(MYX: 9059) TSH RESOURCES BHD TSH Plantations 1355742799 3050421298 2.2494 3.69 2.05 22.09 2.5 9.33 1079908000 138065000
(MYX: 3026) DUTCH LADY MILK INDUSTRIES BHD DLADY Consumer Products 64000000 2996480000 46.82 48.8 40.36 27.28 220 171.6 1000244000 109841000
(MYX: 5243) UMW OIL & GAS CORPORATION BHD UMWOG Trading/Services 2162000000 2983560000 1.397 4.1 1.37 11.79 1 11.62 1016330000 253050000
(MYX: 5248) BERJAYA AUTO BERHAD BJAUTO Trading/Services 1140122188 2884509136 2.5317 4.2 2.3 12.96 14.6 26.6 1829877000 222521000
(MYX: 1368) UEM EDGENTA BERHAD EDGENTA Trading/Services 813501053 2757768570 3.4044 3.87 2.12 11.4 23 24.88 3089287000 241909000
(MYX: 5180) CAPITAMALLS MALAYSIA TRUST CMMT REITS 2018611200 2745311232 1.3672 1.66 1.29 11.62 8.91 13.31 315395000 236355000
(MYX: 1619) DRB-HICOM BHD DRBHCOM Industrial Products 1933237051 2706531871 1.4073 2.32 1.36 7.03 6 15.53 13687839000 385148000
(MYX: 5517) SHANGRI-LA HOTELS (M) BHD SHANG Hotels 440000000 2679600000 6.0917 7.5 6 31.23 12 18.03 513679000 85792000
(MYX: 5274) HONG LEONG CAPITAL BERHAD HLCAP Finance 246896668 2518346014 0 13.96 7.4 21.2 15 49.93 259928000 118810000
(MYX: 166) INARI AMERTRON BERHAD INARI Technology 729156656 2501007330 3.4406 3.58 2.04 24.41 6.8 21.42 793655000 102453000
(MYX: 4634) POS MALAYSIA BHD POS Trading/Services 537026085 2379025557 4.3958 5.34 4.1 18.73 - 23.66 1494045000 127050000

Palm oil futures

Bursa Malaysia is the world's biggest palm oil futures trading hub since 1980. The FCPO, the global price benchmark for the crude palm oil market, is a deliverable contract which is traded electronically on Bursa Malaysia's trading platform.[12]

Crude palm kernel futures and crude palm oil futures are primarily traded on Bursa Malaysia in Malaysian Ringgit (MYR) and US dollar denominated contracts. Their codenames are FPKO, FCPO and FUPO, respectively.

Below is a non-exhaustive list of commodities exchanges around the world where palm oil futures is traded with different contract specifications:

In August 2009, Bursa Malaysia launched Bursa Suq Al-Sila', the world's first Internet commodities trading platform with crude palm oil (CPO) as its underlying asset that is syariah-compliant.[13] Bursa Suq Al-Sila', formerly known as Commodity Murabaha House, facilitates commodity-based Islamic financing and investment transactions under the Syariah principles of Murabahah, Tawarruq and Musaw-wamah. Under the Bursa Suq Al-Sila concept, the bank buys a commodity from a supplier such as a CPO producer at a principal amount, and sells it to a customer at a profit. The customer then sells back the commodity to the spot market for cash. This initiative is spearheaded by the Malaysia International Islamic Finance Centre.

Among the plantation signatories are Boustead Estate Agency Bhd, Genting Plantations Bhd, IOI Corp Bhd and Sime Darby Bhd. The financial institutions include Gulf Cooperation Council (GCC) banks Al Rajhi Banking & Investment Corp (M) Bhd, Asian Finance Bank Bhd, Kuwait Finance House (M) Bhd and Unicorn International Islamic Bank Malaysia Bhd. Bursa Malaysia chief executive officer Datuk Yusli Mohamed Yusoff said "This venture brings two of the nation's main global players; namely the Islamic banks and palm oil producers together, to further enhance Malaysia's palm oil futures' visibility on the world stage.”

Bursa Malaysia and CME Group, in 2009, announced plans for crude palm oil futures to be electronically traded on the CME Globex.[14] CME Group will develop a US dollar-denominated, cash-settled contract using Bursa Malaysia settlements as its reference, at its Globex electronic platform in Chicago.[15][16][17] CME Group will buy a 25% stake in Bursa Malaysia Derivatives for RM55.6 million to be satisfied in RM1.9 million cash and 76,427 shares of CME Group. To facilitate the proposed equity participation, Bursa will consolidate all its derivatives businesses into Bursa Malaysia Derivatives and its subsidiaries. Under the corporate exercise, Bursa Malaysia Derivatives will acquire the entire issued and paid-up share capital of Bursa Malaysia Derivatives Clearing Bhd from Bursa for a cash consideration of RM37.1 million. [18]

Operating round the clock, the CME Globex trading system is at the heart of CME. Proposed in 1987, it was introduced in 1992 as the first global electronic trading platform for futures contracts. This fully electronic trading system allows market participants to trade from booths at the exchange or while sitting in a home or office thousands of miles away. When Globex was first launched, it used Reuters' technology and network. September 1998 saw the launch of the second generation of Globex using a modified version of the NSC trading system, developed by Paris Bourse for the MATIF (now Euronext). To connect to CME Globex, traders connect via Market Data Protocol (MDP) and iLink 2.0 for order routing.

Jakarta Futures Exchange launched trading of physical crude palm oil (CPO) contracts in June 2009. Indonesia's Deputy Minister of Agriculture and Fisheries at the Coordinating Ministry for the Economy, Bayu Krisnamurthi, had emphasised that a physical market must be established before futures trading can begin.[19]

In October 2009, Indonesia plans to facilitate trading of crude palm oil and other raw materials on the Indonesia Commodity & Derivatives Exchange (ICDX).[20] In spite of being the world's largest producer, Indonesia has been unable to set a palm oil benchmark price, with trading centred in neighbouring Bursa Malaysia in Kuala Lumpur.

The Jakarta Futures Exchange, which was launched in 2000, started by offering crude palm oil and coffee futures but trading was "dormant" as operators have preferred to trade the palm oil contracts in Malaysia and coffee futures in London and New York, according to Edi Susmadi, a director of JFX. He attributed the failure to competition from Bursa Malaysia, and the low tech trading system. Max Ramajaya at Wilmar International, the world's largest processor of palm oil, said: “When you trade on MDEX [Bursa Malaysia] you have better access to information about the market and more insight.

Back in June 2007, Singapore launched the Joint Asian Derivatives Exchange's (JADE) US dollar-denominated CPO futures contract.[21] JADE was a joint venture between the Chicago Board of Trade (now CME Group) and the Singapore Exchange (SGX). The aim was to provide a fair and transparent platform for price discovery in CPO and allow traders to buy JADE CPO futures and CBOT soyabean oil futures concurrently to manage their edible oils price risk.

However, the JADE CPO futures failed to sustain. CME Group, which acquired CBOT and inherited its investment in JADE, sold its 50% stake to SGX in late 2007.[22] According to reports, both the rubber and CPO futures offered by JADE have failed to attract volumes. JADE merged with the Singapore Commodity Exchange in 2008.[23]

See also

References

  1. ↑ http://www.bursamalaysia.com/website/bm/about_us/
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  11. ↑ http://www.bursamarketplace.com/index.php?ch=ch_themarket&pg=pg_tm_screener#result
  12. ↑ Palm Oil Futures Trading in Malaysia
  13. ↑ Syariah commodities trading platform to be launched The Edge, 29 July 2009
  14. ↑ CME and Bursa Malaysia to launch palm oil contract Financial Times, 11 August 2009
  15. ↑ Bursa Malaysia, CME in palm oil futures deal Reuters, 11 August 2009
  16. ↑ CME Group to take stake in Bursa Malaysia derivatives unit Chicago Tribune 11 August 2009
  17. ↑ CME to acquire 25% stake in Bursa’s derivatives business The Star, 17 September 2009
  18. ↑ CME to take 25% stake in Bursa's derivatives for RM55m The Edge Malaysia, 17 September 2009
  19. ↑ Jakarta’s CPO contract not a threat The Edge Malaysia, 29 June 2009
  20. ↑ Jakarta plans palm oil exchange Financial Times, 6 August 2009
  21. ↑ Singapore's JADE to launch crude palm oil futures on June 6 Forbes, 3 May 2007
  22. ↑ Singapore Exchange buys CME's stake in JADE market Reuters, 9 November 2007
  23. ↑ JADE palm oil, rubber futures to shift to SGX Reuters, 7 November 2007

External links

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