KUALA LUMPUR (March 2): CIMB IB Research has lowered its end-2017 target for the FBM KLCI to 1,790 (from 1,820) and said the earnings revision ratio improved from 0.24x in 3Q16 to 0.58x in 4Q16, the highest level attained since 4Q15. “Still, we have found earnings revision ratios to be at their year-high in the 4Q over the past two years. We lower our end-2017 KLCI target to 1,790. “Our top three picks are Genting Malaysia Bhd, Gamuda Bhd and Sime Darby Bhd,” it said. On Genting: “We expect Genting Malaysia's share price to rerate as its additional gaming capacity and other various attractions start to unlock value.

Source: The Edge Markets March 02, 2017 01:41 UTC