A decent third quarter


The consensus estimate is still for the FBM KLCI to end the year with a bang with an average year-end target of 1,505 points.

AS we come to the tail-end of 2023, the last major market-driven event has just passed on without much enthusiasm as investors probably felt the recently concluded third-quarter (3Q23) reporting season was just a set of another disappointing quarter. Although the underlying strength of the results was much better than the preceding two quarters, most broking firms are now pushing for even stronger set of earnings growth for 2024, on the back of a lower base this year.

Similar to the 2Q23 and 1Q23 reporting season, some key sectors continued to be weighed down by industry-specific issues as seen in the disappointing performance among plantation and technology companies.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Insight

How thoughtful taxation can support the economy
Stock market concentration - A feature, not a bug
Purpose before productivity
Succession key to survival
GE16: All eyes on PMX
Localising the semiconductor sector
Riding the clash of superpowers�
Fuel bill needs more than WFH
Musk cements power in SpaceX IPO
Why Indian companies are not interested in investing in India

Others Also Read