DJ MARKET TALK:
[Dow Jones] December a good month to invest in Malaysia stocks as KLCI has added 3.96% on average 85% of the time during the last month of the calendar year, says OSK. Statistics reaffirm long-held belief of window dressing at year end. "A similar gain this December would take the KLCI to the 1308.97, in line with our view of a 1345 fair value for the index in 2010," OSK says in report. Among top buys, likes CIMB (1023.KU); target MYR14.90, Tenaga Nasional (5347.KU); target MYR9.38, Axiata (6888.KU); target MYR3.68, Mudajaya (5085.KU); target MYR6.15 and Supermax (7106.KU); target MYR5.30. Part of the optimism stems from potential return of foreign investment funds back into Malaysia, OSK adds. KLCI last +0.5% at 1264.85.
Dow Jones Newswires
November 30, 2009 23:18 ET (04:18 GMT)
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