Maybank Investment Bank Bhd,
We are finalising our new end-2011 FBM KLCI target, with upside potential from the current target of 1,660 points. Chart-wise, we see 1,618, 1,673 and 1,710 as potential target areas for the index.
Am Research and ECM Libra
Still, analysts generally expect this year to end with further – albeit limited — gains for the stock market. According to feedback from research houses received by The Edge Financial Daily, the targets for the headline index range from 1,620 to 1,870
We expect a better 1H11 with a KLCI fair value of 1,648 or 10% upside leading to our Buy call on Malaysia.
ING Fund Bhd
Our base case supports an index target of 1,650, based on our projected corporate earnings growth of +15% for this year pegged to an average five-year PER of 15.5 times. This gives a market return of about 10% for this year, which we believe is more realistic