The outlook for Malaysia’s equity market next year seems promising, with two local brokerages expecting the benchmark FBM KL Composite Index (FBM KLCI) to hit at least 1,800 points by the end of 2016.
In their respective reports yesterday, CIMB Research said it was optimistic that the numerous domestic and external headwinds plaguing the country’s stock market in 2015 would make way for a more promising environment next year, while MIDF Research stated that 2016 could see a resumption of corporate earnings upcycle.
On that note, CIMB Research upgraded its end-2016 FBM KLCI target to 1,900 points from 1,850 points previously based on a higher price-earnings ratio (PER) of 16.5 times, compared with 15.5 times previously.
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In their respective reports yesterday, CIMB Research said it was optimistic that the numerous domestic and external headwinds plaguing the country’s stock market in 2015 would make way for a more promising environment next year, while MIDF Research stated that 2016 could see a resumption of corporate earnings upcycle.
On that note, CIMB Research upgraded its end-2016 FBM KLCI target to 1,900 points from 1,850 points previously based on a higher price-earnings ratio (PER) of 16.5 times, compared with 15.5 times previously.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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