<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 5): Hong Leong IB Research said that fourth quarter 2017 (4Q17) results season, 58% of its coverage came in within expectations, 25% below and 17% above.</p></div>

<div class=newsTextDataWrapInner><p>In a 4Q report card, the research house said the proportion of results that were within expectations (58%) at the highest in 4 years while those that disappointed (25%) were the lowest.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>It said for the disappointments, 55% were due to cost factors, 30% revenue and 15% a combination of both.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>HLIB Research said on earnings revision, 58% were unchanged, 22% upwards and 20% downwards; revision ratio of 0.92x improved for the 2nd consecutive quarter and was the 2nd highest recorded in 4 years.</p></div>

<div class=newsTextDataWrapInner><p>“Estimate 2017 FBMKLCI earnings growth to have ended at 10%; 2018 growth forecast relatively unchanged at 7.8%.</p></div>

<div class=newsTextDataWrapInner><p>“Foreigners turned net sellers (RM1.2 billion) in February after net buys in January (RM3.3 billion) and December (RM1 billion).</p></div>

<div class=newsTextDataWrapInner><p>“Maintain FBM KLCI target of 1,880 based on 16.5x P/E tagged to 2018 earnings,” it said.</p></div>

<div class=newsTextDataWrapInner><p>HLIB Research’s top picks: Tenaga Nasional Bhd, RHB Bank Bhd, Malaysia Airports Holdings Bhd, Genting Bhd, Gamuda Bhd, Sunway Bhd, DRB-Hicom Bhd, Mitrajaya Holdings Bhd, Lay Hong Bhd and MB World Group Bhd.</p></div>

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KUALA LUMPUR (March 5): Hong Leong IB Research said that fourth quarter 2017 (4Q17) results season, 58% of its coverage came in within expectations, 25% below and 17% above.

In a 4Q report card, the research house said the proportion of results that were within expectations (58%) at the...

4Q17 ended on an improved note, says HLIB Research 

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<p>Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.</p>


<p>Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;</p>


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<p>This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.</p>
