For November, given the previous month’s sharp rally, OSK expects some pullback in global markets, with Malaysia being no exception.
Barring the announcement of a General Election, OSK remains defensive on the Malaysian market and would advocate a BUY only if the KLCI retraces towards 1,300 pts, while we may call a SELL if the market heads towards 1,533 pts. Maintain NEUTRAL for now.
The table below is the target price for OSK’s November 2011 top picks.
|Stocks||Price (RM)||Target price (RM)||Market Cap (RM million)||Rating|
Source : OSK Research