Against a backdrop of a more stable currency outlook, AmInvestment Research believe investors would start to pay more attention to the cyclical upturn in corporate earnings in Malaysia, as reflected in 7.2% and 8.3% growth in FBM KLCI earnings for its 2017 and 2018 forecast respectively.
AmInvestment Research said towards this end, it added that it liked high growth small and mid cap stocks such as VS Industry, OldTown and Bison. The research outfit was maintaining its end 2017 KLCI target of 1,745 points and end-2018 target of 1,900 points, based on 17.5 times 2017 and 2018 forecast earnings respectively.
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