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Nikkei Markets

Malaysian corporate earnings likely to rebound next year

Analysts expect rising palm oil prices to help lift shares despite uncertainties

The latest September-ended Malaysia companies' quarterly earnings have largely disappointed investors, already spooked by lingering U.S.-China trade tension and concerns over slowing global economic growth.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysian corporates' earnings are likely to rebound thanks to rising commodity prices, aiding in part to lift shares in 2020 in a market currently pressured by net foreign outflow through the second straight year.

The FTSE Bursa Malaysia KLCI, the worst-performing benchmark index in Asia for 2019, may climb to 1660 by the end of next year, according to the median forecast of 13 analysts polled by Nikkei Markets. That represents a gain of 3.5% from today's closing level of 1604.23.

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