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3 in 5 Singapore listed firms post poorer results in latest quarter
Earnings could deteriorate further when full impact of trade war filters through in next few quarters, analysts say
Published Tue, Aug 20, 2019 · 09:50 PM
Singapore
MORE misses than hits - that's the score for the fiscal earnings of Singapore-listed firms in their latest quarterly results.
Of the 418 companies which had released their results as at Aug 19, 2019, about 60 per cent did worse than the corresponding quarter last year, prompting brokerages to cut their earnings forecasts and to expect further reductions in FY2020 should the US-China trade war drag on.
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