In a note today, AmBank Research said Bursa Malaysia is scheduled to release its first quarter 2021 results on April 17. — Bernama picKUALA LUMPUR, March 19 ― AmBank Research has raised its earnings forecasts for Bursa Malaysia Bhd for the financial year 2021, 2022 and 2023 by 15 per cent, 15.8 per cent and 5.8 per cent to RM367 million, RM325 million and RM287 million respectively.
The research house expects an earnings growth of 10.6 per cent quarter-on-quarter and 79.2 per cent year-on-year of RM116 million based on the higher DATV and average daily contracts traded for derivatives. Trades from retail investors accounted for 36 per cent of the DATV, which was still higher compared to 38 per cent in FY20.
In terms of derivatives trading, the average total contracts traded remained high at around 80,000 contracts quarter-to-date versus 71,000 in Q4 2020 and 69,000 in Q3 2020.
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