Published: Tuesday September 4, 2012 MYT 9:20:00 AM
Updated: Tuesday September 4, 2012 MYT 1:19:55 PM
CIMB Research maintains Neutral, KLCI end-2012 target 1,650
KUALA LUMPUR: CIMB Equities Research described the April to June corporate results as surprisingly weak, making it the ninth straight results season that disappointed.
It said on Tuesday the stronger-than-expected 2Q GDP growth of 5.4% failed to translate into better corporate performance. This resulted in a cut in EPS growth for 2012.
“We maintain our Neutral call and end-2012 KLCI target of 1,650 which is based on an unchanged 13.3 times CY13 P/E. We introduce our end-2013 KLCI target of 1,730pts based on an unchanged 13.3 times P/E. General election risks remain the key overhang, the timing of which appears likely to be later rather than sooner,” said CIMB Research.
- Former Batu Uban assemblyman withdraws defamation suit against bank executive
- Task force formed to salvage Cameron Highlands
- Stern action to be taken against the culprits
- Dept: Less than 1% of forests being illegally logged
- Take action against Kian Ming, voter told
- Second-term Selangor MB Khalid outlines his plans for development of the state
- DAP unhappy over Selangor exco positions
- MPs can earn up to RM10,000 per month
- Abdul Wahid and Paul Low taking huge pay cuts
- Organisers of Penang ceramah to be called up by police
- Stern action awaits rally-goers
- Visually-impaired Faiq swims across Penang Channel
- MCA to discuss Tee’s exco appointment tomorrow
- Azmin: Stop making statements with racial overtones
- MCA group seeks change
- Affin Research lowers Petra Energy to Reduce
- Pintaras surges to all-time high on higher earnings
- MIDF Research: Return of local retail investors
- SapuraKencana drives KLCI higher in early trade
- Sino Hua-An in the black, posts RM3.33m net profit
- Malaysia-Market factors to watch on May 20(Monday)
- Maybank KE Research maintains Buy on Alam Maritim, ups TP to RM1.30
- Winning ticket for record $590.5mil Powerball lottery sold in Florida
- Rod Stewart tops UK album chart for first time in 34 years
- AmResearch maintains Overweight on O&G sector
- Trading ideas: Instacom, Zecon, PPB Group
- Yahoo's board approves US$1.1bil Tumblr acquisition
- Professionals warn there is too much of office space in the Klang Valley
- Ten important items for you to prepare for the inevitable
- Malaysian stocks likely to go higher this week
- Golf: Johnson triumphs by one stroke at Mobile Bay LPGA
- Chong Wei urges team-mates to bounce back from shock defeat to Taiwan
- Kien Keat-Boon Heong may not play in Group C tie against Germany
- Koo-Tan’s stunning loss rocks Malaysian camp
- Kjaersfeldt ready to continue strong Danish tradition
- Sindhu shines for India after spectacular performance
- Danial shatters 100m mark as four records fall on opening day
- Pavithraa in sizzling form despite the heat
- Wee Wern relishes playing at unique venue ... a football stadium
- Coach Irving has no doubts Nicol will peak at the right time
- ‘Comeback king’ Timothy lands his second title
- KLHC to the fore again
- New Cheras velodrome may steal limelight from RM80mil Labu project
- Azlan and Zamri do Malaysia proud in ARRC race at Sentul
- Broken clutch lever costs Hafizh dearly in Le Mans
- Abdul Wahid and Paul Low taking huge pay cuts
- MPs can earn up to RM10,000 per month
- DAP unhappy over Selangor exco positions
- Take action against Kian Ming, voter told
- Stern action awaits rally-goers
- Second-term Selangor MB Khalid outlines his plans for development of the state
- Utusan says no to AirAsia ads
- English-medium schools seen as right move
- Hindraf co-founder Uthayakumar blames his sibling for polls defeat
- Task force formed to salvage Cameron Highlands
- MPs can earn up to RM10,000 per month
- Ten important items for you to prepare for the inevitable
- Abdul Wahid and Paul Low taking huge pay cuts
- Professionals warn there is too much of office space in the Klang Valley
- Crest Builder adopts sell some, keep some strategy
- Take action against Kian Ming, voter told
- Should Sime Darby also demerge; big values can be created by spinning off companies
- Stern action awaits rally-goers
- Is BR1M a negative income tax?
- English-medium schools seen as right move
RSS
