According to CGS-CIMB Equities Research, which sees the Budget 2020 as being mildly positive for the stock market, the measures introduced would likely be neutral to FBM KLCI earnings but mildly positive for future corporate earnings. The brokerage maintains its year-end FBM KLCI target at 1,583 points.
PETALING JAYA: The recently unveiled Budget 2020 is expected to have neutral to mildly positive impact on the country’s equity market, say analysts.
According to CGS-CIMB Equities Research, which sees the Budget 2020 as being mildly positive for the stock market, the measures introduced would likely be neutral to FBM KLCI earnings but mildly positive for future corporate earnings.
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