KUALA LUMPUR : AffinHwang Capital Research has looked
after its "Positive" position on Malaysia with a 2017 year-end FBM
KLCI focus of 1,760 and said it has not been a typical year in 2016 with the
expansiveness of headwinds striking money related markets.
In a methodology note today, the exploration house said
Malaysia was not the only one in seeking after a more steady 2017.
"Our evaluation focuses to a Fed stores rate climb
turning into a noteworthy center in 2017. We assemble a DCF model to evaluate
the effect of a Fed climb on the US securities exchange and the FBM KLCI.
"We have highlighted before that Malaysia is on a
fundamentally better balance to climate a Fed climb given its positive
investment funds speculation hole, monetary solidification direction, high
outside stores, positive loan fee differential over the US and plentiful
liquidity in the budgetary framework," it said.
The exploration house said regardless said Malaysia's present
record surplus limited in 2Q16, inciting fears of a further decay.
"Our investigation demonstrates this ought to stamp the
trough, notwithstanding further outside shortcoming.
"We present our 2017 year-end KLCI focus of 1,760 with
sensible upside from current levels. Thus, we stay Positive on Malaysia,"
it said.
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