Bursa Malaysia Stock Watch

Buy banks, planters on profit surprise: Citi

kltrader
Publish date: Thu, 28 Oct 2010, 01:02 PM
kltrader
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Malaysian banks such as AMMB Holdings Bhd and plantation stocks will 'positively surprise' on profits for the third quarter, demonstrating their resilient earnings, Citigroup Inc said.

'Rotational plays and stock picking will likely dictate trades in the coming weeks,' Ng Yong Yin, an analyst at Citigroup, said in a report yesterday.

'In this phase of the cycle, shares of companies that deliver on earnings are expected to benefit.' -- Bloomberg
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