CIMB’s top picks for 2018 (Mid Caps)

We expect 2018 to be a more volatile and challenging year compared to 2017.

Potential challenges include slower GDP growth, cost pressures, competition from disruptive technologies, election cycle and earnings risks from banks and utilities.

We expect these concerns to be priced-in in 1H18, and the market should improve in 2H18 due to stronger foreign fund flows, better corporate earnings, and IPO activities.

Our preferred big cap picks for 2018 are Axiata, Dialog and Tenaga.

We lower our end-2018 KLCI target to 1,880 pts, based on 15.9x forward P/E
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Name Ref Date Ref Price Price Diff Open Last Chg% Chg Volume
Discussions
2 people like this. Showing 2 of 2 comments

KLCI King

Bad picks

2018-06-03 01:42

Alex™

cimb con money punya fun manager....put fd better

2018-12-21 11:56

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