Rakuten Trade expects FBM KLCI to hit 1,730 mark by year-end

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KUALA LUMPUR: Rakuten Trade Sdn Bhd anticipates the FTSE Bursa Malaysia KLCI (FBM KLCI) to test the 1,730 level by end-2024 based on 16.5 times price-to-earnings (PER) ratio on 16 per cent earnings growth.

"But of late, due to the clawing back of funds from the overseas investment, it is rather apparent that the local institutions are taking over the reins, giving a more stable platform for the KLCI.

"Malaysia and Vietnam are taking the lead in the performance to-date, compared to our regional peers,” he added.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaPhilippinesSingaporeVietnam

Topics: Markets FBM KLCI Rakuten Trade /Business/Business News Kenny Yee

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 13:59:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 432 words

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Sentences: 18 lines

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Copyright Owner: © The Star

News ID: 21660859

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