Bursa may continue to perform on liquidity-driven push

TheStar Mon, Jun 29, 2020 11:10am - 3 years View Original


PublicInvest Research said the market remains highly susceptible to external shocks. "It has been and will continue to be a trading-oriented one until the dust fully settles," it said.

KUALA LUMPUR: Bursa Malaysia may continue to perform in the near- to medium-term on a liquidity-driven push, but PublicInvest Research is retaining its conservative stance.

In its strategy report issued on Monday, the research house said it was keeping its 2020 year-end closing for the FBM KLCI unchanged at 1,480 as some fundamentals are reflected amid this current exuberance

“We continue to like Johore Tin, Magni-Tech Industries, Mega First, Sarawak Plantations, Serba Dinamik, and SKP Resources.

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