Rakuten Trade Sdn Bhd head of research Kenny Yee said the FBM KLCI would be spurred by improving corporate earnings growth and should test the 1,670 level premised on CY21 PE ratio of 16.5 times.
KUALA LUMPUR: FTSE Bursa Malaysia KLCI (FBM KLCI) is set to close the year at the 1,580 level based on calendar year 2020 (CY20) price-earnings (PE) multiple of 15 times, said Rakuten Trade Sdn Bhd head of research Kenny Yee.
He said the FBM KLCI, which closed at 1,504.85 on Friday last week, would be spurred by improving corporate earnings growth and should test the 1,670 level premised on CY21 PE ratio of 16.5 times.
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