KUALA LUMPUR (March 14): The cyclical sectors are poised to outperform the broader market in the equity market, amid a potential cyclical upturn in corporate earnings in Malaysia. In a strategy report today, AmInvestment Bank said investors will start to pay attention to the cyclical upturn in corporate earnings, as the ringgit’s outlook stabilises. “Under this circumstances, we believe cyclical sectors will start to outperform the broader market, such as financial services (CIMB Group Holdings Bhd and RHB Bank Bhd), property (MRCB and Sunway Bhd) and consumer discretionary (Padini Holdings Bhd),” it said. The FBM KLCI's earnings are forecast by the investment bank to grow by 7.2% and 8.3% for 2017 and 2018 respectively. Industry Bhd, OldTown Bhd and Bison Consolidated Bhd,” it said.

Source: The Edge Markets March 14, 2017 03:56 UTC