Hong Leong's Top Picks for 2014

2014 Outlook & Strategy (by HLIB: 10 Dec 2013)

We expect macro risks to diminish into 2014 with global growth picking up to 3.6% reinforced by synchronised growth among major economies. Malaysia's real GDP growth to pick up slightly to 5.0% in 2014 as stronger net exports offset slower domestic demand growth.

Malaysia a low Beta market given relatively large fund management industry, lower foreign shareholding (close to trough), recent foreign selldown well absorbed, FBM KLCI P/E premium valuation vs. peers at 5-year average, less volatility and low Beta vs. MSCI Asia ex-Japan. These should help limit impact of outflow pressure from tapering.

End 2014 FBM KLCI target pegged at historical mean P/E valuation of 14.71x or 1,910.
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Name Ref Date Ref Price Price Diff Open Last Chg% Chg Volume
Discussions
7 people like this. Showing 12 of 12 comments

johnny cash

WOW this is very very helpfull, hope you will also put other research houses forecast n stock picks for 2014

2013-12-28 22:17

Chong Kim Yock

better with tp

2014-01-06 23:47

AyamTua

hong leong needs to put ntpm tissue jamban into this list

2014-01-26 10:53

cheongyc27

Land appreciation in Penang may be a factor to rise in price today.

2014-02-20 00:21

kingleecha

This is not helpful please! The returns of profits are too low! Only Brahims stroke the good profit!

2014-03-24 22:59

ykgykg

Should include SBC !

2014-04-26 16:39

firehawk

even Brahims now is losing .....

2014-10-09 16:20

speakup

Should include BJCORP!

2014-10-09 16:21

ale893893

Gd. Very helpful.

2014-10-13 09:00

zhiqiu

Unimpressive at all. Perhaps a small group of school-fallouts could do better than them..

2014-11-17 21:34

Somdejking King

no lah , just wait for dow jones to drop 500 points, then can go in and sure make .

2014-11-24 21:04

Somdejking King

i gave up on these long time ago.

2014-11-24 21:05

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