Rakuten expects FBM KLCI to rebound to 1,800 next year


KUALA LUMPUR: Online equity broker Rakuten Trade Sdn Bhd expects the FTSE Bursa Malaysia KLCI (FBM KLCI) to rebound to the 1,800 level next year driven by better corporate earnings and reversal of foreign outflow trends.

Head of research Kenny Yee said corporate earnings are expected to grow 6.1 per cent next year boosted by the revival of mega projects.

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