UOB Kay Hian Malaysia Research said it expected corporate earnings for the FBM KLCI components to contract by 3.5% this year and expand by 6.2% in 2020.
PETALING JAYA: Analysts have reduced their 2019 target for the FBM KLCI amid lacklustre corporate earnings in the second quarter, as well as investors reducing their exposure to emerging-market (EM) equities.
There was literally a “zero wow factor” in the just-concluded, second-quarter results, said AmInvestment Bank Research in a report.
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