The market bounce-back will potentially be led by more aggressive NIM expansion among banks; volume increase for tech manufacturing; higher order wins in the capital goods sector; as well as stronger topline growth among the consumer/gaming industry.
SINGAPORE (Feb 7): CIMB Research is keeping its STI target of 3,600 intact for now, with expectations of 8% earnings per share (EPS) growth for 2018, along with more earnings upgrades ahead in the non-REIT earnings season.
In a Tuesday report, analyst Lim Siew Khee says CIMB’s near-term support for STI hovers between 3,370 and 3,470.
