We maintain our end-2019 FBM KLCI target of 1,820pts
A ‘Pass’ in 1Q2019
Potential near-term supports/catalysts for the local market
1. The low valuations the FBM KLCI from a historical stand point, as mentioned;
2. Market-friendly policies, such as the government’s blessing for the consolidation of the local telco sector (both Axiata and Digi.Com are component stocks of the FBM KLCI, carrying weighting of 4% and 3.4% respectively) and further easing of forex rules to mitigate the risk of Malaysia being removed by stock market indices provider FTSE Russell from the FTSE World Government Bond Index during its upcoming September 2019 review; 3. The pendulum of the US-China trade tension is to swing from escalating to easing; and
4. The US Federal Reserve is to drop hints on an interest rate cut.
Source: AmInvest Research - 3 Jun 2019
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MPI2024-07-29
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MPI2024-07-29
RHBBANK2024-07-29
RHBBANK2024-07-29
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TM2024-07-29
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TM2024-07-29
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MPI2024-07-26
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TOPGLOV2024-07-25
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MAYBANK2024-07-24
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MPI2024-07-24
RHBBANK2024-07-24
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MPI2024-07-23
MPI2024-07-23
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