AmBank Research said that sector and stock selection will be key to relative investment outperformance,
PETALING JAYA: AmInvestment Bank Research (AmBank Research) has posted a base-case forecast of 1,545 for the FBM KLCI by year-end, driven by projected corporate earnings growth and prospects of a stronger ringgit, among other factors.
The research house is predicting earnings growth for the premier index to reach 14.4%, led primarily by the oil and gas (O&G) sector with a forecast 20% expansion, followed by plantation, power and financial services.
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