Malayan Banking Bhd (1155) may revise downwards its FBM KLCI forecast for 2011 at 1,710 points if the oil price breaches US$150 per barrel-Maybank Investment Bank Bhd chief executive officer Tengku Datuk Zafrul Tengku Abdul Aziz said it would monitor events in the regional market as well as in Japan and the Middle East- "If oil price were to touch US$150, we would definitely have to revise the target downwards," Tengku Zafrul said after a briefing on Invest Malaysia 2011 in Kuala Lumpur yesterday- He said with the unrest in the Middle East and North Africa, coupled with the recent earthquake and tsunami in Japan, the sentiment is quite bad- However, the bank remains positive about the market for now- Tengku Zafrul said Maybank is still overweight on three sectors namely oil and gas, construction and property- ...

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