File pic of Bursa Malaysia screens. CIMB lowered its end-2015 target for the KLCI to 1,700 from 1,800.
KUALA LUMPUR: CIMB Equities Research has lowered its end-2015 target for the FBM KLCI from 1,800 to 1,700 based on an unchanged price-to-earnings target of 15.5 times.
It said on Wednesday it was concerned that the August results season for 2Q15 would be hit by the full impact of GST but the revision ratio actually improved from 0.37 times in 1Q15 to 0.47 times.
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