Better Bursa showing likely


“Our end-2023 FBM KLCI target is 1,660 points. So that’s about a 12% to 13% upside from where we are right now and pegged to 14 times forward price-earnings,” says Maybank Investment Bank Bhd head of Malaysia and regional equity research Anand Pathmakanthan.

KUALA LUMPUR: Despite a forecast slowdown in Malaysia’s economic growth to 4% in 2023, the local bourse is expected to perform better this year due to fewer political risks and stronger corporate earnings growth, says Maybank Investment Bank Bhd head of Malaysia and regional equity research Anand Pathmakanthan.

“We are fairly constructive on the market compared to 2022, when it was very challenging.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bursa , FBM KLCI , target , outperform , GDP , slowdown

Next In Business News

Ann Joo to dispose of its 51% stake in waste management firm for RM15mil
MSPO certification rate for oil palm estates reaches 90%
Express Powerr secures contracts worth RM8.3mil for a public transportation project in Sarawak
TMC Life Sciences returns to profitability
YX Precious Metals posts over fourfold jump in 4Q profit
Ringgit higher against US dollar on strong December IPI
Malaysian firms urged to tap opportunities in rapidly expanding Indian market
Malaysian Pacific Industries posts higher 2Q net profit of RM57.09mil
BAT reports higher 4Q25 earnings
CSC Steel sees firmer steel market in 2026, stays disciplined on costs

Others Also Read