KUALA LUMPUR (April 3): MIDF Research has maintained its end-2015 FBM KLCI target of 1,900 points and said that trend-wise, market valuation was gradually moderating.
In a strategy note today, the research house said that after one year of disappointment, it expects better earnings sentiment in line with more settling commodity prices.
“FBM KLCI may also be supported by favorable external tailwinds.
“Crude oil may have found its bottom in January this year with the subsequent price rise corresponded to the monetary easing by major economies of Eurozone and China
“Reiterate FBM KLCI 2015 year-end target at 1,900 points,” it said.