KUALA LUMPUR: CIMB Equities Research says while interest-rate hikes are theoretically negative for equities, it believes the hike in the Overnight Policy Rate (OPR) by 25 basis points to 3.25%, has largely been factored into share prices.
It said on Friday it maintained its end-2014 bottom-up target for the FBM KLCI at 2,030. However, it continues to prefer Economic Transformation Programme (ETP) winners, that is oil & gas, construction and property sectors.
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