联昌国际证券的Ivy Ng Lee Fang在一份报告中称，在预计盈利增长6.4%和GDP扩张4.4%的推动下，马来 西亚股市今年可能保持吸引力。该分析师补充说，林吉特走强、支持性政策措施以及潜在的选前反弹行 情可能进一步提振市场情绪。她认为，国内投资者比外国基金更为乐观，后者对盈利兑现情况保持谨 慎，部分原因是运营成本上升和税收增加。不过她指出，外国投资者今年已转为净买家。与此同时，最 新的财报季开局稳健，有更多公司业绩超出第四季度预期。Ng维持其2026年底吉隆坡综合指数 （KLCI）目标于1，772点。该基准指数收于1，752.83点。 如何抓住"黄金牛市"波段机会？升级投资账户，一键配置金+银>> 如何抓住"黄金牛市"波段机会？升级投资账户，一键配置金+银>> 责任编辑：何云 联昌国际证券的Ivy Ng Lee Fang在一份报告中称，在预计盈利增长6.4%和GDP扩张4.4%的推动下，马来 西亚股市今年可能保持吸引力。该分析师补充说，林吉特走强、支持性政策措施以及潜在的选前反弹行 情可能进一步提振市场情绪。她认为，国内投资者比外国基金更为乐观，后者对盈利兑现情况保持谨 慎，部分原因是运营成本上升和税 ...

Group 1 - The highest annual return of public active equity funds in the A-share market reached 236.88%, setting a record as the highest annual return in public fund history, with 72 funds achieving over 100% return this year [1] - Nearly 80% of active funds outperformed their benchmark, but the median return was 29.03%, lower than the average return of 32.71% [1] - UBS and JP Morgan Chase predict profit growth rates for 2025 and 2026 will be between 6% and 15%, indicating that earnings will become a key driver for the stock market, replacing valuation expansion [1] Group 2 - Gary Dugan, CEO of Global Economic Office, stated that the Chinese stock market will be strongly supported in 2026, with encouraging and sustainable fundamentals [4] - Market expectations for economic growth, policy support, and structural industry reforms are anticipated to drive stock market increases, particularly in technology and new energy vehicle sectors [4] - Industry experts suggest that the market will remain in a structural opportunity-driven fluctuation phase until unexpected changes in domestic demand occur, with trading volume being a key signal for market trends [4]