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KUALA LUMPUR: UOB Asset Management (M) Bhd expects another Overnight Policy Rate (OPR) cut to take place this year if the Movement Control Order (MCO 2.0) is extended beyond Feb 4,2021, or stricter measures are enforced by the government.
KUALA LUMPUR: Malaysia’s equity market is set to perform better in the second half of the year with the FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to hover near the1,700-point level, said UOB Asset Management (Malaysia) Bhd (UOBAM Malaysia).
PETALING JAYA: Earnings growth and positive fund flow movements could be key catalysts to drive the stock market from current depressed levels, according to MIDF Research, which has maintained its 2019 target for the FBM KLCI at 1,830 points. The target is almost 200 points higher than yesterday’s close of 1,635.31 points for the FBM KLCI, with the forecast being based on a price to earnings ratio of 16.2 times from the current level of 15.8 times.
PETALING JAYA: Several construction and building materials companies saw their share prices take a dive yesterday following the announcement on the cancellation of the East Coast Rail Link (ECRL) project.
KUALA LUMPUR: The emerging markets are viewed as attractive compared to developed countries due to its superior growth profile and cheaper valuations, according to UOB Asset Management (M) Bhd (UOBAM).