MIDF
PETALING JAYA: Earnings growth and positive fund flow movements could be key catalysts to drive the stock market from current depressed levels, according to MIDF Research, which has maintained its 2019 target for the FBM KLCI at 1,830 points.
The target is almost 200 points higher than yesterday’s close of 1,635.31 points for the FBM KLCI, with the forecast being based on a price to earnings ratio of 16.2 times from the current level of 15.8 times.
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