Modest trading upside expected for Bursa Malaysia

Only a modest trading upside can be expected, said UOB Kay Hian Research and this is on assumptions of mean price-to-earnings (PE) valuations. It said it derived a fair value of RM7.24 a share, representing a modest 5% upside from current share price levels.

PETALING JAYA: Bursa Malaysia’s earnings for this year are expected to decline by 30% even with the benefit of the 15th General Election (GE15).

This is so since the positive effects of GE15 have already been factored into its current valuations.