.png)
DJ MARKET TALK: Malaysia's KLCI 10% Potential Upside In 2013-AmBank
0502 GMT [Dow Jones] Malaysia's benchmark 30-share KLCI has potential upside of about 10% through 2013 from its current level, to be driven by robust economic growth led by the Economic Transformation Program, says AmBank. Malaysia's KLCI has lagged Asean peers this year, and has risen only about 5% compared to more-than-20% gains in the Philippines and Thailand. "On the flip side, this relative under performance also underscores prospects of outperformance post-General Elections 2013 because its premium valuation has narrowed," says the report. The house tips under a base-case, for the KLCI to be fairly-valued at 1,770 by 2013-end based on trend-average 15X FY13 earnings. The KLCI is currently up 0.4% at 1604.84 midday break.
No comments:
Post a Comment