KUALA LUMPUR: CIMB Equities Research has lowered its target price for Bursa Malaysia from RM10 to RM8.82, but this is still 12.4% above the last traded price of RM7.85.
It said on Tuesday although Bursa’s 9M14 net profit accounted for 76% of its and consensus full-year forecasts, the results were in line since 4Q revenue is seasonally the weakest.
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