马股投资学习资源库
从PE Ratio到供股权,每一个马股投资概念,用最简单、最清楚的语言解释。
📊 估值指标
📊
PE Ratio(市盈率)
股价除以每股盈利。PE越低,理论上越便宜。但要看行业平均值来比较。
估值
📐
PB Ratio(市净率)
股价除以每股净资产。PB < 1意味着股价低于公司账面价值。适合分析银行股。
估值
💹
ROE(股本回报率)
衡量公司用股东资金赚多少钱。ROE越高,公司用资本的效率越好。一般>15%属于优质。
盈利能力
📈
EPS(每股盈利)
公司净利润除以总股数。EPS增长是公司盈利能力提升的重要指标。
盈利
💰
Dividend Yield(股息率)
每股股息除以股价,以百分比表示。4%以上在马来西亚属于较高股息率。
股息
🏦
Market Cap(市值)
股价 × 总股数 = 公司市场总价值。马股按市值分:大型股(>RM10亿)、中型股、小型股。
规模
🏢 投资产品
🏢
REIT(房地产信托)
通过股票形式投资房地产。大部分收入以股息方式分派给股东,适合追求稳定收入的投资者。
产品 → 阅读完整指南 ↗
📦
ETF(交易所交易基金)
一篮子股票打包成一个产品在交易所买卖。成本低、分散风险,适合初学者。
产品
📊
Unit Trust(单位信托)
由基金经理管理的投资基金。费用较ETF高,但提供专业管理服务。
产品
🌙
Shariah-Compliant Stock
符合伊斯兰教义的股票,不涉及酒精、烟草、赌博等业务。Bursa有专门的Shariah筛选名单。
产品
💳
Warrant(认股权证)
以固定价格在特定期限内购买母股的权利。属于衍生产品,风险较高,不适合新手。
衍生产品
🏗️ 企业活动
🚀
IPO(首次公开募股)
公司首次在Bursa上市,公众可以申购新股。上市后股价可能大涨也可能下跌。
企业活动 → 阅读指南 ↗
⚖️
Rights Issue(供股权)
公司向现有股东发行新股集资。你有权以优惠价购买,但也可以放弃或出售权利。
企业活动 → 阅读指南 ↗
🎁
Bonus Issue(红股)
公司免费派发额外股票给现有股东。股数增加但整体价值不变,股价通常相应下调。
企业活动
🤝
Private Placement(私人配售)
公司向特定投资者发行新股,不经过公开认购。通常有稀释效应,需要留意公告。
企业活动
✂️
Stock Split(股票分割)
将一股拆成多股,降低股价让更多人买得起。股数增加,每股价格相应降低。
企业活动
💸
Ex-Dividend Date(除息日)
在除息日当天或之后买入,将无法获得本次股息。股价通常在除息日相应下跌。
股息
📉 市场概念
🐂
Bull Market(牛市)
股市持续上涨超过20%的时期。投资者信心旺盛,经济通常向好。
市场趋势
🐻
Bear Market(熊市)
股市从高点下跌超过20%的时期。对于长期投资者,熊市也是买入好公司的机会。
市场趋势
🚀
Limit Up(涨停)
Bursa规定单日最高涨幅限制。个股当天涨幅达到上限后停止上涨,标志极度买盘。
交易机制
📉
Limit Down(跌停)
单日最大跌幅限制。一旦触及,意味着卖盘压力极大,需要谨慎分析原因。
交易机制
📋
Short Selling(沽空)
借入股票卖出,待价格下跌后买回还股的交易策略。风险极高,不适合新手。
交易策略
🔄
Dollar Cost Averaging
定期定额投资,不管市场高低都买入固定金额。长期来看可降低平均成本,适合新手。
投资策略
GLOSSARY
Heard a term and had no idea what it means?
You are not alone. These are the most common investing terms you will hear when following Malaysian stocks. Click any term to see a plain-language explanation.
The total value of a company as the stock market sees it. Calculated by multiplying the share price by the total number of shares. Example: if a company has 1 billion shares at RM2 each, its market cap is RM2 billion. Bigger market cap generally means a more established company.
PE (Price-to-Earnings) tells you how many years it would take for the company to earn back what you paid for the share, based on current profits. A PE of 10x means you are paying RM10 for every RM1 of earnings.
Forward PE uses estimated future earnings instead of past earnings. More useful because markets are forward-looking.
Forward PE uses estimated future earnings instead of past earnings. More useful because markets are forward-looking.
Earnings Per Share. The company total profit divided by the number of shares. If a company earns RM100 million and has 500 million shares, the EPS is 20 sen. Higher EPS means the company is more profitable per share. Watch out for diluted EPS, which accounts for warrants and bonds that could increase the share count.
How much cash a company pays you every year as a percentage of the share price. If a stock costs RM2 and pays 10 sen dividend per year, the yield is 5%. A higher yield is attractive, but check if it is sustainable. Very high yield sometimes means the share price dropped for a reason.
Profit After Tax. The bottom-line profit after all expenses, interest, and taxes. When people say a company made RM50 million in profit, this is what they mean. The clearest measure of what the company actually earned.
YoY (Year-on-Year): comparing this period to the same period last year. Removes seasonal effects.
QoQ (Quarter-on-Quarter): comparing this quarter to the previous quarter. Good for spotting short-term momentum trends.
QoQ (Quarter-on-Quarter): comparing this quarter to the previous quarter. Good for spotting short-term momentum trends.
When a stock price or volume moves sharply without an obvious reason, the exchange issues a UMA query asking the company to explain publicly. A UMA is sometimes a warning sign of speculation. Always check the company response before reacting.
The maximum a stock can move in one trading day. On Bursa Malaysia, a stock can move up or down by a maximum of 30% in one day. Hitting the upper limit is limit up. Hitting the lower limit is limit down.
The cut-off date to qualify for a dividend. Buy before the ex-date to receive it. Buy on or after, and you miss it. On the ex-date, the share price typically drops by roughly the dividend amount.
Not the same as a regular bank. An investment bank advises companies on major financial decisions like getting listed, buying or selling companies, or raising money. They do not take deposits. In Malaysia, examples include Maybank IB, CIMB, and RHB IB.
A non-binding agreement saying two parties intend to work together. Essentially a handshake on paper. Does not guarantee anything will happen. Many MOUs expire or fall through, so always wait for a definitive agreement before getting excited.
When a private company sells shares to the public for the first time and gets listed on the stock exchange. After listing, anyone can freely buy and sell the shares. IPOs are often oversubscribed, with allocation done by ballot.
A listed company offers existing shareholders new shares at a discount to raise money. As a shareholder you can: (1) subscribe at the discounted price, (2) sell your entitlement, or (3) do nothing and get diluted.
A listed company issues new shares directly to selected investors without a public offering. Faster than a rights issue but dilutes existing shareholders. Price is usually at a small discount to market price.
Free extra shares given to existing shareholders in proportion to their holdings. The share price adjusts down proportionally so the total value stays the same. Not free money, but improves liquidity by making the stock more affordable.