A Leap of Faith (Malaysia Strategy)
A Leap of Faith (Malaysia Strategy)
A Leap of Faith (Malaysia Strategy)
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CLSA Price ActionFBMKLCI – end <strong>of</strong> an era?Secular bear market over thelast 14 yearsConvincing breakout above1,500 pointsTechnical chart points to2,610 points>15% earnings growth and21x PE in 2012Source: Price Action©2010 CLSA Asia-Pacific Markets (“CLSA”).IMPORTANT: The content <strong>of</strong> this report is subject to CLSA's Legal and Regulatory Notices as set out at www.clsa.com/disclaimer.html, a hard copy <strong>of</strong> which maybe obtained on request from CLSA Publications or CLSA Compliance Group, 18/F, One Pacific Place, 88 Queensway, Hong Kong, telephone (852) 2600 8888.Page 6
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