Bursa Malaysia Berhad (BSMAF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Bursa Malaysia Berhad (BSMAF) trades at $2.18 with AI Score 48/100 (Grade C). Bursa Malaysia Berhad operates an integrated exchange in Asia, providing a range of services including listing, trading, clearing, and settlement. Market cap: $1.76B, Sector: Financial services.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for BSMAF: BSMAF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates BSMAF against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
BSMAF: the 1 perspectives are evenly split.
How is this calculated? →Bursa Malaysia Berhad (BSMAF) Financial Services Profile
Bursa Malaysia Berhad, established in 1930, operates an integrated exchange in Asia, offering services like listing, trading, and clearing. With a market capitalization of $1.76B, the company focuses on securities, derivatives, and Islamic market products, maintaining a 35.4% profit margin and a 3.21% dividend yield.
What Is the Investment Thesis for BSMAF?
Bursa Malaysia Berhad presents a stable investment profile with a dividend yield of 3.21% and a beta of 0.27, indicating lower volatility compared to the broader market. The company's profit margin of 35.4% and gross margin of 65.2% highlight its operational efficiency. Growth catalysts include expanding Islamic market products and enhancing its technology infrastructure to attract more listings and trading volume. However, potential risks include regulatory changes in the Malaysian financial market and competition from other regional exchanges. The company's P/E ratio of 27.4 suggests it is trading at a premium compared to some peers, necessitating careful evaluation of its growth prospects and competitive positioning.
Based on FMP financials and quantitative analysis
BSMAF Key Highlights
- Market capitalization of $1.76B, reflecting its significant presence in the Malaysian financial market.
- Profit margin of 35.4%, indicating strong profitability in its exchange operations.
- Gross margin of 65.2%, showcasing efficient cost management in its service offerings.
- Dividend yield of 3.21%, providing a steady income stream for investors.
- Beta of 0.27, suggesting lower volatility compared to the broader market, making it a relatively stable investment.
Who Are BSMAF's Competitors?
BSMAF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BDVC Franklin BSP Lending Corporation | $3.50 | -65.75% | $814.46M | 46 |
| COWN Cowen Inc. | $38.99 | +0.00% | $1.10B | 44 |
| DEFTF DeFi Technologies Inc. | $3.60 | -6.25% | $1.18B | 63 |
| HMCBF Home Capital Group Inc. | $32.52 | +0.34% | $1.24B | 48 |
| HYKUF The Hyakugo Bank, Ltd. | $8.31 | +76.81% | $2.02B | 53 |
| CWB State Street SPDR Bloomberg Convertible Securities ETF | $105.34 | +0.92% | $4.62B | 47 |
| TDV ProShares - S&P Technology Dividend Aristocrats ETF | $100.89 | +1.33% | $293.21M | 47 |
| DAUG FT Vest U.S. Equity Deep Buffer ETF - August | $46.97 | +0.26% | $363.40M | 47 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are BSMAF's Key Strengths?
- Integrated exchange with a comprehensive suite of services.
- Strong brand recognition and established presence in Malaysia.
- Diversified revenue streams from listing, trading, and data services.
- Regulatory oversight providing a stable operating environment.
What Are BSMAF's Weaknesses?
- Limited international presence compared to larger global exchanges.
- Dependence on the Malaysian economy and regulatory environment.
- Exposure to market volatility and fluctuations in trading volume.
- Potential for technological disruptions from fintech companies.
What Could Drive BSMAF Stock Higher?
- Implementation of new trading technologies to enhance market efficiency.
- Expansion of Islamic market products to attract a wider investor base.
- Strategic partnerships with regional exchanges to increase cross-border trading activities.
- Regulatory changes promoting greater market transparency and investor protection.
- Efforts to attract new listings from high-growth sectors.
What Are the Key Risks for BSMAF?
- Rich valuation — a P/E of 27.4 runs well above the Financial Services sector’s ~18x, leaving little room for a miss.
- Increased competition from other regional and global exchanges.
- Regulatory changes impacting the company's operations and profitability.
- Economic downturns and market volatility affecting trading volume.
- Cybersecurity risks and data breaches compromising market integrity.
- Dependence on the Malaysian economy and regulatory environment.
What Are the Growth Opportunities for BSMAF?
- Expansion of Islamic Market Products: Bursa Malaysia has the opportunity to further develop and promote its Islamic market products, capitalizing on the growing global demand for Shariah-compliant investments. This includes listing more Sukuk and Islamic equities, attracting both domestic and international investors seeking ethical and socially responsible investment options. The global Islamic finance market is projected to reach trillions of dollars, offering a substantial growth avenue for Bursa Malaysia.
- Technological Infrastructure Enhancement: Investing in advanced trading technologies and infrastructure can attract more listings and increase trading volume. This includes upgrading its trading platforms, enhancing cybersecurity measures, and offering co-location services to high-frequency traders. By providing a technologically advanced trading environment, Bursa Malaysia can enhance its competitiveness and attract a broader range of market participants. Ongoing:
- Strategic Partnerships and Alliances: Forming strategic partnerships with other regional and international exchanges can expand Bursa Malaysia's reach and attract cross-border listings and trading activities. This includes collaborating with exchanges in Southeast Asia, the Middle East, and other regions to create a more integrated and interconnected trading ecosystem. Such partnerships can also facilitate the sharing of best practices and the development of new products and services. Ongoing:
- Attracting New Listings: Bursa Malaysia can focus on attracting new listings from both domestic and international companies, particularly in high-growth sectors such as technology, healthcare, and renewable energy. This includes offering incentives for companies to list on the exchange and streamlining the listing process. By diversifying its listed companies, Bursa Malaysia can enhance its market appeal and attract a broader range of investors. Ongoing:
- Data and Analytics Services: Developing and offering advanced data and analytics services to market participants can generate new revenue streams and enhance the value proposition of Bursa Malaysia. This includes providing real-time market data, historical data, and analytical tools to help investors make informed trading decisions. The demand for data and analytics services is growing rapidly, driven by the increasing sophistication of financial markets and the need for better risk management tools. Ongoing:
What Opportunities Does BSMAF Have?
- Expansion of Islamic market products and services.
- Attracting new listings from high-growth sectors.
- Developing strategic partnerships with regional exchanges.
- Investing in advanced trading technologies and infrastructure.
What Threats Does BSMAF Face?
- Increasing competition from other regional and global exchanges.
- Regulatory changes and compliance costs.
- Economic downturns and market volatility.
- Cybersecurity risks and data breaches.
What Are BSMAF's Competitive Advantages?
- Established exchange with a long history and strong brand recognition in Malaysia.
- Integrated exchange offering a comprehensive suite of services.
- Regulatory oversight and licensing providing a barrier to entry.
- Network effect with increasing liquidity attracting more participants.
What Does BSMAF Do?
Founded in 1930 and headquartered in Kuala Lumpur, Malaysia, Bursa Malaysia Berhad has evolved into a key player in the Asian financial market. The company operates and regulates an integrated exchange, providing a comprehensive suite of services including listing, trading, clearing, settlement, and depository services. Bursa Malaysia caters to a diverse range of financial instruments, including equities, derivatives, Islamic market products, and bonds. The company's operations are divided into four segments: Securities Market, Derivatives Market, Exchange Holding, and Others. Bursa Malaysia also offers offshore listings of bonds and Sukuk, along with market data services. The exchange facilitates access to Central Depository System (CDS) accounts, network access, infrastructure services, and co-location services. Furthermore, Bursa Malaysia maintains securities, derivatives, and offshore financial exchanges, along with a clearing house and a central depository for listed securities. The company also operates an electronic trading platform for the bond market and a Shariah-compliant commodity trading platform. Bursa Malaysia compiles and disseminates prices and other information related to securities quoted on its exchanges and data reported from the bond platform. It acts as a nominee for Bursa Malaysia Depository, holding securities for safe-custody or management, and offers investment alternatives like exchange-traded bonds and Sukuk.
What Products and Services Does BSMAF Offer?
- Operates and regulates an integrated exchange.
- Provides listing, trading, clearing, and settlement services.
- Offers offshore listings of bonds and Sukuk.
- Provides market data services.
- Facilitates access to Central Depository System (CDS) accounts.
- Maintains securities, derivatives, and offshore financial exchanges.
- Operates an electronic trading platform for the bond market.
- Provides a Shariah-compliant commodity trading platform.
How Does BSMAF Make Money?
- Generates revenue from listing fees charged to companies listing on the exchange.
- Earns trading fees from transactions executed on its platforms.
- Derives income from clearing and settlement services.
- Collects fees for providing market data and analytics.
What Industry Does BSMAF Operate In?
Bursa Malaysia Berhad operates within the financial data and stock exchanges industry, which is influenced by global economic trends, regulatory changes, and technological advancements. The industry is characterized by increasing competition among exchanges to attract listings and trading volume. Market trends include the growing demand for Islamic financial products and the adoption of advanced trading technologies. Bursa Malaysia competes with other regional exchanges and data providers, requiring it to continuously innovate and adapt to maintain its market position.
Who Are BSMAF's Key Customers?
- Listed companies seeking to raise capital.
- Brokers and traders executing transactions.
- Investors seeking to trade securities and derivatives.
- Market data vendors and financial institutions.
Bursa Malaysia Berhad (BSMAF) Valuation Context
Valued at $1.76B, BSMAF is classified as a small-cap stock. Relative to its peer group, BSMAF's quantitative score of 48/100 is roughly in line with the peer average of 51/100.
BSMAF Revenue & Earnings Trend
In Q1 2026, BSMAF generated $211.0M in top-line revenue, marking a sequential increase of 14.9%. The company recorded net income of $72.4M, with diluted EPS of $0.09. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this small-cap Financial Services company. Across the four most recent quarters, BSMAF averaged $0.08 in diluted EPS.
Company Profile
Bursa Malaysia Berhad operates in the Financial - Data & Stock Exchanges industry within the Financial Services sector. It is headquartered in Kuala Lumpur, MY. The company is led by CEO Fad'l Bin Mohamed. BSMAF has traded publicly since 2009.
ROE 33%Key Financial Metrics
Return on equity for Bursa Malaysia Berhad stands at 33.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 7.4%, showing how much profit it generates from its asset base. BSMAF trades at a trailing price-to-earnings ratio of 27.37, above the Financial Services sector average of ~18x. Its free cash flow yield is 4.0%, a gauge of the cash the business throws off relative to its market value. Its earnings yield is 3.7%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 8/9Financial Health
Bursa Malaysia Berhad's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.53 places it in the grey zone, a middle ground that warrants monitoring.
FY2026 estForward Outlook
Wall Street analysts project Bursa Malaysia Berhad revenue of about $817.2M for fiscal 2026, with EPS near $0.36. The estimate reflects 16 contributing analysts.
BSMAF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in Bursa Malaysia's future, indicating that executives believe in the company's growth prospects.
- Community sentiment has shifted positively, with discussions highlighting the potential for increased trading volumes and market activity.
- The company's strategic initiatives to enhance digital trading platforms have garnered favorable attention, positioning it well in a competitive landscape.
- Recent regulatory developments appear to favor market expansion, attracting more investors and boosting overall market confidence.
Bear Case
- Concerns over global economic uncertainties may lead to reduced investor appetite, impacting trading volumes negatively.
- Some community members express skepticism about the effectiveness of new initiatives, fearing they may not translate into immediate results.
- Recent fluctuations in regional markets have raised alarms, leading to cautious sentiment among traders regarding Bursa Malaysia's stability.
- Ongoing geopolitical tensions could deter foreign investment, which is crucial for Bursa Malaysia's growth and market performance.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · April 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $211M | $72M | $0.09 |
| Q4 2025 | $184M | $61M | $0.08 |
| Q3 2025 | $179M | $64M | $0.08 |
| Q2 2025 | $167M | $57M | $0.07 |
Based on FMP financials and quantitative analysis
BSMAF Latest News
No recent news available for BSMAF.
BSMAF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for BSMAF.
Price Targets
Wall Street price target analysis for BSMAF.
BSMAF MoonshotScore
What does this score mean?
The MoonshotScore rates BSMAF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Fad'l Bin Mohamed
CEO
Fad'l Bin Mohamed is the Chief Executive Officer of Bursa Malaysia Berhad. His background includes extensive experience in the financial services industry, with a focus on capital markets and exchange operations. He has held various leadership positions prior to his current role, contributing to his deep understanding of the Malaysian financial landscape. His expertise spans across strategic planning, regulatory compliance, and business development. He is responsible for overseeing the overall operations and strategic direction of Bursa Malaysia Berhad.
Track Record: Under Fad'l Bin Mohamed's leadership, Bursa Malaysia Berhad has focused on enhancing its technological infrastructure and expanding its Islamic market offerings. Key achievements include attracting new listings and increasing trading volume. He has also emphasized strengthening the exchange's regulatory framework and promoting sustainable business practices. His strategic decisions have contributed to the company's growth and stability in a competitive market.
BSMAF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Bursa Malaysia Berhad (BSMAF) may not meet the minimum financial or disclosure requirements for the higher tiers like OTCQX or OTCQB. Companies in this tier may have limited or no reporting requirements, leading to less transparency compared to companies listed on major exchanges like NYSE or NASDAQ. Investing in companies on the OTC Other tier involves higher risks due to the lack of regulatory oversight and information availability.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure and transparency.
- Low trading volume and liquidity.
- Higher price volatility.
- Potential for fraud or manipulation.
- Lack of regulatory oversight.
- Verify the company's registration and legal status.
- Obtain and review any available financial statements.
- Assess the company's business model and competitive landscape.
- Evaluate the management team and their track record.
- Understand the risks associated with the OTC Other tier.
- Consult with a financial advisor.
- Check for any regulatory actions or legal issues.
- Company's history and track record since its founding in 1930.
- Operation of a regulated exchange in Malaysia.
- Presence of a recognized CEO (Fad'l Bin Mohamed).
- Availability of some basic company information (market cap, financials).
- The company has 592 employees.
Bursa Malaysia Berhad Financial Services Stock: Key Questions Answered
What does Bursa Malaysia Berhad do?
Bursa Malaysia Berhad operates as an integrated exchange in Malaysia, providing a range of services including listing, trading, clearing, and settlement. It facilitates the trading of equities, derivatives, and Islamic market products. The company also offers market data services and operates an electronic trading platform for the bond market. Bursa Malaysia acts as a central hub for capital market activities in Malaysia, connecting companies seeking to raise capital with investors looking to trade securities.
What are the main risks for BSMAF?
The main risks for Bursa Malaysia Berhad include increased competition from other regional and global exchanges, regulatory changes impacting its operations, and economic downturns affecting trading volume. Cybersecurity risks and data breaches also pose a threat to market integrity. Additionally, the company's dependence on the Malaysian economy and regulatory environment exposes it to potential macroeconomic and political risks.
What are the key factors to evaluate for BSMAF?
Bursa Malaysia Berhad (BSMAF) holds an AI score of 48/100 (low). P/E: 27.4x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does BSMAF data refresh on this page?
BSMAF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven BSMAF's recent stock price performance?
Bursa Malaysia Berhad (BSMAF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Integrated exchange with a comprehensive suite of services. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider BSMAF overvalued or undervalued right now?
Bursa Malaysia Berhad (BSMAF) trades at 27.4x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying BSMAF?
Before investing in Bursa Malaysia Berhad (BSMAF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding BSMAF to a portfolio?
Key strength of Bursa Malaysia Berhad (BSMAF): Integrated exchange with a comprehensive suite of services. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data and market information are based on available sources and may be subject to change.
- OTC market data may be less reliable than data from major exchanges.
- AI analysis is pending and may provide additional insights.