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PCOMP 2015 negative performance, should markedly improve for 2016 Reasons to be optimistic: govt spending will improve, corporate earnings slowdown in 2015 temporary – 2016 growth will resure, core earnings improving. Index target 7,600 (upside 16%) implies 15% corporate earnings growth and a 2017 Market PE of 15x (historical average). Not expensive. Top picks are in property: SMPH MEG and […]