CIMB Research says contractors are beneficiaries of mega projects, such as the Mass Rapid Transit phases one, two and three, Pengerang and the high-speed rail linking Kuala Lumpur to Singapore
KUALA LUMPUR: CIMB Equities Research is maintaining its end-2015 FBM KLCI target at 1,700 while for 2016, its target is 1,850.
The research house said the targets were based on an unchanged three-year moving average price-to-earnings of 15.5 times.
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