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Article: S&P bullish on 2008 outlook for KLCI
- Article from:
- New Straits Times
- Article date:
- November 9, 2007
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New Straits Times
11-09-2007
S&P bullish on 2008 outlook for KLCI
Edition: Main/Lifestyle
Section: Business Times
Type: News
STANDARD & Poor's (S&P) says Bursa Malaysia's benchmark Kuala Lumpur Composite Index (KLCI) could hit 1,500 points in 2008 and expects Malaysia's economy to grow between 5.8 and 6.2 per cent next year.
According to its 2008 Asia-Pacific Markets Outlook report released yesterday, S&P has a "marketweight" recommendation on the Malaysian stock market, similar to Singapore. It is overweight on Thailand.
The outlook for Malaysian equities is likely to be neutral despite the many mega projects taking place in the country, said Lorraine Tan, vice-president and ...