Hong Leong's Top Picks for 2014
2014 Outlook & Strategy (by HLIB: 10 Dec 2013)
We expect macro risks to diminish into 2014 with global growth picking up to 3.6% reinforced by synchronised growth among major economies. Malaysia's real GDP growth to pick up slightly to 5.0% in 2014 as stronger net exports offset slower domestic demand growth.
Malaysia a low Beta market given relatively large fund management industry, lower foreign shareholding (close to trough), recent foreign selldown well absorbed, FBM KLCI P/E premium valuation vs. peers at 5-year average, less volatility and low Beta vs. MSCI Asia ex-Japan. These should help limit impact of outflow pressure from tapering.
End 2014 FBM KLCI target pegged at historical mean P/E valuation of 14.71x or 1,910.
We expect macro risks to diminish into 2014 with global growth picking up to 3.6% reinforced by synchronised growth among major economies. Malaysia's real GDP growth to pick up slightly to 5.0% in 2014 as stronger net exports offset slower domestic demand growth.
Malaysia a low Beta market given relatively large fund management industry, lower foreign shareholding (close to trough), recent foreign selldown well absorbed, FBM KLCI P/E premium valuation vs. peers at 5-year average, less volatility and low Beta vs. MSCI Asia ex-Japan. These should help limit impact of outflow pressure from tapering.
End 2014 FBM KLCI target pegged at historical mean P/E valuation of 14.71x or 1,910.
Last Updated:
Stock prices in this Watchlist/Portfolio will refresh automatically for as long as 1 hour of inactivity. After the auto refresh is off, you can re-activate it by turning on the "Auto Refresh" switch.
Turn off this switch if you wish to stop the auto refresh feature before the 1 hour limit is up.
| Name | Ref Date | Ref Price | Price Diff | Open | Last | Chg% | Chg | Volume |
|---|
Discussions
7 people like this. Showing 12 of 12 comments
This is not helpful please! The returns of profits are too low! Only Brahims stroke the good profit!
2014-03-24 22:59
Unimpressive at all. Perhaps a small group of school-fallouts could do better than them..
2014-11-17 21:34
no lah , just wait for dow jones to drop 500 points, then can go in and sure make .
2014-11-24 21:04
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
Good Articles to Share
A 30-Year Expert Trader’s HONEST Confession - Ziet Invests
2
3
Koon Yew Yin's Blog
Why all plantation companies will continue to report more profit - Koon Yew Yin
4
Mercury Securities Research
5
BFM Podcast
6
7
Koon Yew Yin's Blog
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
johnny cash
WOW this is very very helpfull, hope you will also put other research houses forecast n stock picks for 2014
2013-12-28 22:17