Analysts: Corporate earnings to further support market rally

KUALA LUMPUR: As the outlook for Malaysia’s economy remains sanguine this year, analysts expect the local stock market to stay bullish with commendable growth in corporate earnings. The benchmark FTSE Bursa Malaysia KLCI’s (FBM KLCI) earnings growth is expected to return to a healthy level of 10 per cent, according to a Bloomberg consensus, which also expects the Malaysian economy to grow 4.4 per cent this year. In a recent report, MIDF Research said the anticipated current year perf