Analysts cut M'sian earnings growth forecasts for '15

Kuala Lumpur

EQUITY analysts have trimmed 2015 earnings growth estimates after corporate Malaysia turned in a dismal performance in the first three months - one of the worst quarters since the 2008-09 global financial crisis.

They caution that the downtrend might not be over yet owing to various factors, including slower consumer spending on the back of a new consumption tax and political uncertainties.