Rakuten Trade Sdn Bhd head of research Kenny Yee expected the 30-stock KLCI to reach 1,870 by year-end as foreign funds return.
PETALING JAYA: Foreign investors are expected to return to Bursa Malaysia this year due to a recovery in corporate earnings and attractive valuations.
Rakuten Trade Sdn Bhd head of research Kenny Yee said the FBM KLCI is trading at 13.8 times price-earnings ratio (PE), which is lower than its five-year average of 18.8 times.
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