This, along with weaker earnings, poor commodity prices and possible negative external events, have rendered research houses to downgrade their earnings as well as the FBM KLCI target for 2020. This will be the third year the FBM KLCI sees a contraction in earnings.
PETALING JAYA: Foreign investors have sold RM2.7bil worth of Malaysia equities in April, which was their second largest retreat in the region on continuing concerns over Covid-19’s impact on the global economy, said Maybank Investment Research.
This, along with weaker earnings, poor commodity prices and possible negative external events, have rendered research houses to downgrade their earnings as well as the FBM KLCI target for 2020.
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