Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Dec 15): CIMB IB Research has raised its end-2016 target for the FBM KLCI to 1,900 points from 1,850 points previously and said 2015 has been a far more turbulent and volatile year than expected.

In a strategy note yesterday, the research house said despite headwinds in 2016, it expects a milder and far better year ahead.

It said its preferred sectors were banking, construction and smaller caps.

The research house said its top three big cap picks were Gamuda Bhd, RHB Capital Bhd and Tenaga Nasional Bhd.

"Top three smaller cap picks are Only World Group Holdings Bhd, My E.G. Services Bhd and Prestariang Bhd," it said.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

      Print
      Text Size
      Share