Thursday, September 2, 2010

HwangDBS: KLCI may hit 1,500 by year-end

Malaysia's benchmark stock index may rise to 1,500 by the end of the year, HwangDBS Vickers Research Sdn Bhd said, raising its earlier forecast of 1,448 amid stronger earnings growth prospects.

Malayan Banking Bhd, RHB Capital Bhd, Gamuda Bhd and Malaysian Resources Corp are its top picks, HwangDBS said in a report today. -- Bloomberg

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