PETALING JAYA: With four months to go before 2010 ends, a number of brokerages have unveiled their 2011 year-end targets for FTSE Bursa Malaysia KL Composite Index (FBM KLCI). Quite a few predicted the benchmark index will reach a new high in 2011. "Theoretically, the FBM KLCI could reach 1,578 to 1,691 by the end of 2011 purely based on our corporate earnings growth forecasts and by applying mid-cycle forward price/earnings (PE) targets of 14 to 15 times,'' UOB Kay Hian Research said in its...
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