The corporate results reported in the latest quarter have so far come in with more misses than hits.
Analysts said the number of companies that exceeded expectations to those that disappointed was still in favour of the latter. Going by reports from various research houses, some analysts have reduced their earnings expectations going forward for stocks under their coverage.
“In a preliminary roundup, most earnings were disappointing, with about a third reporting results below our expectations. There are a few surprises, but overall it is disappointing, or at best mixed,” an analyst said, adding that the second quarter earnings are expected to be better.
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Analysts said the number of companies that exceeded expectations to those that disappointed was still in favour of the latter. Going by reports from various research houses, some analysts have reduced their earnings expectations going forward for stocks under their coverage.
“In a preliminary roundup, most earnings were disappointing, with about a third reporting results below our expectations. There are a few surprises, but overall it is disappointing, or at best mixed,” an analyst said, adding that the second quarter earnings are expected to be better.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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