Bursa Malaysia Remains At The Forefront Of ESG: Maybank
Bursa Malaysia Remains At The Forefront Of ESG: Maybank
Bursa Malaysia remains at the forefront of environmental, social, and governance (ESG) practices, holding an above-average ESG score of 68 out of 100, slightly down from the previous score of 69. The exchange has achieved carbon neutrality for the third consecutive year, a significant milestone underscoring its commitment to sustainability. In 2023, Bursa offset all Scope 1 and 3 greenhouse gas emissions by purchasing and retiring 3,668 tonnes of CO2 equivalent in carbon credits. Additionally, Bursa has begun transitioning to green energy, installing a rooftop solar photovoltaic system and using Renewable Energy Certificates, which contributed to a 63% reduction in Scope 2 emissions. Looking ahead to 2024, Bursa plans to further diversify its energy mix and transition its vehicle fleet to hybrid or electric vehicles.
馬來西亞交易所（Bursa Malaysia）仍然處於環保、社會和公司治理（ESG）實踐的前沿，ESG得分爲100分中的68分，略低於之前的69分。該交易所連續三年實現碳中和，這是一個重要的里程碑，突顯了其可持續發展的承諾。在2023年，Bursa通過購買和註銷3668噸CO2等值碳信用額度，抵消了所有1和3範圍的溫室氣體排放。此外，Bursa已經開始轉向綠色能源，安裝了屋頂太陽能光伏系統，並使用可再生能源證書，這導致2範圍的排放量減少了63%。展望2024年，Bursa計劃進一步多樣化其能源結構，並將車輛隊伍轉型爲混合動力或電動車。
A notable development in 2023 was the launch of Bursa Carbon Exchange (BCX), aimed at supporting Malaysia's net-zero target for 2050. BCX began trading carbon credits in September 2023, following a price discovery auction in March. By the end of 2023, BCX had formed collaborations with Gold Standard, Sarawak Energy, Hydropower Sustainability Alliance, and the I-REC Standard Foundation. These partnerships aim to enhance the quality and availability of carbon credits and explore the supply and trade of Renewable Energy Certificates aligned with globally recognised standards.
2023年的一個值得注意的發展是Bursa碳交易所（BCX）的推出，旨在支持馬來西亞2050年淨零排放的目標。BCX於2023年9月開始交易碳信用，之前在3月進行了價格發現拍賣。到2023年底，BCX已與黃金標準、砂拉越能源、水電可持續性聯盟和I-REC標準基金會建立了合作關係。這些合作伙伴關係旨在提高碳信用的質量和可用性，並探索符合全球認可標準的可再生能源證書的供應和交易。
Despite these advancements, Bursa Malaysia's valuation is expected to remain stable with a target price of MYR9.50, based on a 24x price-to-earnings ratio (+0.5 standard deviation of the 10-year mean) on mid-FY25 earnings per share. Key assumptions include an average daily trading volume of MYR3.5 billion in 2024 and MYR3.7 billion in 2025, alongside an 18% growth in derivative contracts in 2024 and a 5% increase in 2025. Maybank Stock Broking House maintained a HOLD recommendation on Bursa Malaysia, reflecting a potential total return of 5%, which includes a 4% dividend yield over the next 12 months.
儘管取得了這些進展，預計馬來西亞交易所的估值將保持穩定，目標價爲9.50馬幣，基於中FY25每股收益的24倍市盈率（10年均值的+0.5標準偏差）。關鍵假設包括2024年每日平均交易量爲350億馬幣，2025年爲370億馬幣，2024年衍生品合約增長18%，2025年增長5%。馬來亞銀行證券經紀公司維持對馬來西亞交易所的持有建議，反映出未來12個月內5%的潛在總回報，其中包括下一年的4%股息率。
譯文內容由第三人軟體翻譯。