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NewsOSK Research maintains year-end KLCI target 1,680
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OSK Research maintains year-end KLCI target 1,680
by hlk Wed 29 Jun 2011, 11:51
KUALA LUMPUR: OSK Research remains Overweight on the Malaysian market with a FBM KLCI year end target unchanged at 1,680.
It said on Wednesday, June 29 that it recently hosted a broad range of Malaysian corporates during its Asean Corporate Day.
OSK Research said it noticed two common themes running through the discussions. “These were that Malaysian corporates are increasingly positioning themselves as Asean plays with operations across the region and in the shorter term, Government led efforts in infrastructure development will continue to drive corporate profits,” it said.
OSK Research also said PEMANDU revealed that the next stage in Malaysia’s economic reform is about to start with the revisiting of the Strategic Reform Initiatives which are part of the New Economic Model.
“These Initiatives will serve as the reform ‘autobahns’ enabling the ‘fast cars’ which are the NKEA projects. With this development we remain OVERWEIGHT on the Malaysian market with a KLCI year end target unchanged at 1,680,” it said.
It said on Wednesday, June 29 that it recently hosted a broad range of Malaysian corporates during its Asean Corporate Day.
OSK Research said it noticed two common themes running through the discussions. “These were that Malaysian corporates are increasingly positioning themselves as Asean plays with operations across the region and in the shorter term, Government led efforts in infrastructure development will continue to drive corporate profits,” it said.
OSK Research also said PEMANDU revealed that the next stage in Malaysia’s economic reform is about to start with the revisiting of the Strategic Reform Initiatives which are part of the New Economic Model.
“These Initiatives will serve as the reform ‘autobahns’ enabling the ‘fast cars’ which are the NKEA projects. With this development we remain OVERWEIGHT on the Malaysian market with a KLCI year end target unchanged at 1,680,” it said.
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