KLCI valuation remains low
$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ despite FBMKLCI having risen by nearly 15% since the beginning of the year.
With the blue chip stocks' profits catching up later,
In fact, the valuation of Malaysia's sse conglomerates index is still at a low level.
In the past, during the period of 2012-2019,
KLCI's valuation always hovered between PE 16 to 17 times.
Now Malaysia's fundamentals have improved,
Combined with the recent inflow of foreign capital,
It is not difficult to believe that the index will return to its previous valuation range,
Many economists have set a psychological target of 2000 points,
Actually, it is equivalent to a current PE valuation of 17 times.
Seems like it's not too excessive 🤣
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