Bursa Alert
Global Market
NewsStrategy MIDF Research maintains KLCI end-2014 target of 1,900 points
Page 1 of 1
Strategy MIDF Research maintains KLCI end-2014 target of 1,900 points
by Cals Tue 08 Jul 2014, 08:53
| Strategy MIDF Research maintains KLCI end-2014 target of 1,900 points |
| Business & Markets 2014 |
| Written by MIDF Research |
| Tuesday, 08 July 2014 08:47 KUALA LUMPUR (July 8): FBM KLCI valuation remains elevated vis-à-vis its regional peers as well as against other international markets. Downward revisions in earnings estimate so far this year have pushed market valuation higher due to the lack of negative price feedback. It seems that investors are anticipating upward-biased earnings revisions going forward. But despite the investors’ seeming optimism, the prevailing reality is that earnings continued to disappoint so far this year. With tepid earnings growth levels and coupled with the already high valuation, we foresee rather limited fundamental impetus for the FBM KLCI to chart substantially higher ground. Thus we reiterate our FBM KLCI 2014 year-end target of 1,900 points, which is equivalent to 17.0x PER multiple of 2014 earnings. |
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Strategy MIDF Research maintains end 2014 KLCI target of 1,900 points
» Strategy MIDF Research reaffirms KLCI year-end 2014 target of 1,900 points
» Strategy CIMB Research maintains end-2014 KLCI target at 1950 points
» 4Q13 Strategy MIDF introduces KLCI 2014 year-end target of 1,900 points
» Strategy MIDF Research keeps end-2015 KLCI target of 1,900 points
» Strategy MIDF Research reaffirms KLCI year-end 2014 target of 1,900 points
» Strategy CIMB Research maintains end-2014 KLCI target at 1950 points
» 4Q13 Strategy MIDF introduces KLCI 2014 year-end target of 1,900 points
» Strategy MIDF Research keeps end-2015 KLCI target of 1,900 points
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|