Saturday, June 30, 2007

CIMB Top Picks

Below are the top picks from CIMB:

Target Price (RM)
Air Asia 2.45
AMMB 5.35
Gamuda 8.75
Hunza Prop 4.50
Kencana 2.20
KL Kepong 14.50
Maybank 15.30
MRCB 3.15
SP Setia 10.00
Tenaga 15.00

Meanwhile, CIMB also set KLCI target at 1,7000 points in the next 12 months. I notice that the target prices are not attractive by looking at their current prices. Is this an indication the uptrend is limited now?

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