KUALA LUMPUR: Affin Hwang Research has lowered its end-2015 target for the FBM KLCI to 1,740 and retained its Neutral outlook for the 30-stock index.
In its strategy report issued on Tuesday, it said the 1,740 target was based on a mean price-to-earnings (PE) of 15.7 times (previously 1,820 based on 15 times CY16E EPS).
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