PUTRAJAYA: Permodalan Nasional Bhd (PNB) expects KLSE to trade between 17,000 to 18,000 levels by the end of this year on the back of strong fundamentals. He shared that the ringgit is still undervalued given the country's strong fundamentals but prospects are however on the positive side. The group had also revised its gross domestic product (GDP) projections to 5.3 per cent this year from the initial 4.3 per cent also based on strong fundamentals. "What we anticipate and what we wish are two different things," Abdul Wahid said amusingly when asked on his budget wishlist. “Yes, the property development is challenging but our project is iconic and there is always demand for iconic developments,” he said.

Source: New Strait Times September 29, 2017 04:52 UTC