Robust earnings growth forecast for firms in 2024

CGS-CIMB Research remains constructive on equities, retaining its FBM KLCI targets of 1,550 and 1,755 for end-2023 and end-2024, respectively.

PETALING JAYA: Corporate Malaysia’s earnings momentum is seen picking up following the decent growth reported during the results season of the third quarter of 2023 (3Q23).

With that, analysts are cautiously optimistic that the FBM KLCI will have a strong finish by the end of 2023, before rising further into 2024.