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Article: Nomura still bullish on stocks here
- Article from:
- New Straits Times
- Article date:
- September 17, 2009
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New Straits Times
09-17-2009
Nomura still bullish on stocks here
Edition: Main/Lifestyle
Section: Business Times
Type: Company
NOMURA Securities says it remains bullish on the Malaysian stock market on the back of corporate earnings upgrades, especially those of banks, and ongoing stimulus spending.
"Taking a cue from the past post-crisis rallies and historical earnings upgrade cycles, we remain bullish. Economic recovery should continue to underpin earnings upgrades, supported by ongoing stimulus spending," its head of equity research Choong Wai Kee said in a strategy report this week.
From a regional perspective, however, Malaysia could lag as cyclical markets elsewhere offered better ...