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NewsMaybank IB Research raises KLCI end-2013 target to 1,840
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Maybank IB Research raises KLCI end-2013 target to 1,840
by Cals Wed 05 Jun 2013, 10:02
Maybank IB Research raises KLCI end-2013 target to 1,840
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Wednesday, 05 June 2013 09:53
A + / A - / Reset
KUALA LUMPUR (June 5): Maybank IB Research has raised its 2013 year end FBM KLCI target to 1,840 from 1,815, pegged to 15.5x 12M forward earnings (15x previously), on a further re-rating of Malaysian equities, due to their rising appeal.
In a note Wednesday, the research house said the re-rating was supported by solid domestic fundamentals – stable macroeconomic conditions, a strong banking system, healthy corporate balance sheets, and continuous corporate earnings growth.
“Despite gaining 4.2% in just one month after the 13GE and 4.6% year-to-date, the FBM KLCI has still underperformed its regional peers,” it said.
Business & Markets 2013
Written by Surin Murugiah of theedgemalaysia.com
Wednesday, 05 June 2013 09:53
A + / A - / Reset
KUALA LUMPUR (June 5): Maybank IB Research has raised its 2013 year end FBM KLCI target to 1,840 from 1,815, pegged to 15.5x 12M forward earnings (15x previously), on a further re-rating of Malaysian equities, due to their rising appeal.
In a note Wednesday, the research house said the re-rating was supported by solid domestic fundamentals – stable macroeconomic conditions, a strong banking system, healthy corporate balance sheets, and continuous corporate earnings growth.
“Despite gaining 4.2% in just one month after the 13GE and 4.6% year-to-date, the FBM KLCI has still underperformed its regional peers,” it said.
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