Bursa Malaysia Posts Patami Of RM115.8 Million For The Nine Months Ended 30 September 2012

19/10/2012

Key Financial & Market Highlights
(9M2012 vs 9M2011)
  • PATAMI at RM115.8 million, up 1%
  • Operating revenue at RM293.9 million, down 1%
  • Operating expenses at RM156.6 million, down 4%
  • Average daily trading value for securities market at RM1.72 billion, down 10%
  • Market capitalisation as at 30 September 2012 at RM1.42 trillion, up 21%
  • Velocity at 30%, down 14%
  • Average daily contracts traded for derivatives market at 37,974, up 10%

Bursa Malaysia Berhad today announced profit after tax and minority interest (PATAMI) of RM115.8 million for the nine months period ended 30 September 2012; compared to the PATAMI of RM114.8 million for the same period last year.

Dato’ Tajuddin Atan, Bursa Malaysia Chief Executive Officer said, “In the prevailing market conditions, Bursa Malaysia has attained a stable performance for the first nine months of the year with a marginal growth in PATAMI driven by growth in stable revenue, derivatives business and Islamic market; coupled with lower operating expenses.”

For the first nine months period ended 30 September 2012, the securities trading revenue stood at RM137.3 million as compared to RM152.7 million for the corresponding period of 2011. This softer performance was in line with the weak securities trading regionally but cushioned by successful IPOs in our market. Malaysia welcomed 14 new listings including Felda Global Ventures Holdings Berhad and IHH Healthcare Berhad, the world’s third and fourth largest IPOs respectively, a direct testament of the depth of the domestic market liquidity. Our market capitalisation increased by 21% to RM1.42 trillion on 30 September 2012.

During the period under review, the trading revenue of the derivatives market has risen to RM40.6 million from RM38.7 million in the same period last year. This is attributable to the improved performance of total traded volume that rose to 6.95 million contracts against 6.32 million contracts in the first nine months of 2011, driven by the increase in the trading volume of the Crude Palm Oil Futures (FCPO).

On the Islamic market front, Bursa Suq Al-Sila (BSAS) recorded an impressive 79% increase in its average daily trading value to RM2.06 billion for the period under review from RM1.15 billion in the corresponding period. The spike was due to the increasing use of BSAS as a commodity murabahah trading platform.

“Notwithstanding the market conditions, we are committed to maintaining the level of performance by undertaking various initiatives that will accomplish our business objectives and strategies,” said Dato’ Tajuddin. In line with our strategy, on 18 September 2012, Bursa Malaysia together with Singapore Exchange were the two pioneering exchanges to launch the ASEAN Trading Link (ATL), followed by the Stock Exchange of Thailand on 15 October 2012.

In July 2012, Bursa Malaysia introduced Options on Crude Oil Futures Contracts (OCPO) to complement our Crude Palm Oil Futures Contracts (FCPO). In August this year, the Exchange initiated a dual licensing fast track programme.

Bursa Malaysia also received recognition from Asia Corporate Governance Association for our effort to strengthen corporate governance (CG). Following this, Malaysia has seen an improved ranking from 6th to 4th place out of 11 countries in Asia. The better rating has been mainly due to progress made in both financial and non-financial reporting standards. Malaysia is among the few countries in Asia that has completed an overhaul of corporate governance code this year.

“The outlook for the Malaysia’s economic prospects and business fundamentals remain positive and stable despite some lingering global uncertainties. Our commitment is to propel Bursa Malaysia to be a leading marketplace in Asia, hence we will vigilantly focus on initiatives aimed at providing a more conducive trading environment for investors. This includes diversifying and widening of our tradable product offerings for the investing community. Barring any unforeseen circumstances, I am confident that the Exchange will continue to show satisfactory performance that will elevate the bourse to greater heights of overall achievements,” said Dato’ Tajuddin.

FINANCIAL RESULTS 30.09.2012 30.09.2011 Percentage Change
  RM’mil RM’mil %
Operating revenue 293.9 296.5 (1)
Other income 28.8 28.0 3
Total Revenue 322.7 324.5 (1)
Staff costs (75.2) (79.0) (5)
Depreciation and amortisation (25.2) (29.5) (14)
Other operating expenses (56.2) (54.1) 4
Profit before tax 166.1 161.8 3
Income tax expense (45.7) (43.4) 5
Profit after tax 120.4 118.4 2
Minority interest (4.6) (3.6) 29
PATAMI 115.8 114.8 1