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Strategy CIMB Research maintains end-2014 KLCI target at 1950 points
by Cals Wed 24 Sep 2014, 02:29
| Strategy CIMB Research maintains end-2014 KLCI target at 1950 points |
| Business & Markets 2014 |
| Written by theedgemalaysia.com |
| Tuesday, 23 September 2014 09:27 KUALA LUMPUR (Sept 23): CIMB Research has maintained its FBM KLCI targets of 1,950 points for end-2014, and 2,050 points for end-2015, based on an unchanged 10% premium to the 3-year moving average P/E. In a strategy note Monday, the reseach house said it spent two weeks in September marketing the 2H outlook for Malaysia to investors in Europe and USA. It said that with the exception of some investors in London and New York, most foreign funds were relatively underweighted in Malaysia, but were keen to seek out good stock ideas. “Our preferred sectors remain the Economic Transformation Programme winners, i.e. oil & gas, construction, and property. “Our top 3 picks from this front are Sapura Kencana, Gamuda, and Mah Sing. “We also continue to like smaller-cap stocks, with top picks being Bonia, MyEG, and Prestariang,” it said. |
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