Downside risks remain but economic growth intact, TA Securities says

TA Securities forecasts the FBM KLCI has a potential upside to peak at worst case upside of 1,706, base case upside of 1,766 or a best case upside of 1,863.

KUALA LUMPUR: Risks in 2021 are skewed to the downside with the persistently rising Covid-19 cases and a new round of movement control order (MCO) but this does not derail Malaysia’s growth outlook this year.

TA Securities Research maintained its full year gross domestic product (GDP) forecast of 6.4% as the government allowed five economic sectors to operate during this period.