PETALING JAYA: Brokers have cut their year-end FBM KLCI target to reflect the weak corporate earnings from April to June, despite their belief that earnings would be stronger in the second half of the year, with the government’s stimulus measures and a recovery in demand.
MIDF Research has cut its FBM KLCI outlook to 1,400 due to the recent quarterly earnings season where financial results were below market expectations.
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