Covid-19 rains on Singapore's stellar earnings season parade
Total earnings of 306 SGX-listed firms for the Oct-Dec quarter rose 71.2% but prospects dimmed by outbreak
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Singapore
CORPORATE earnings for the October-to-December period produced decent digit gains, with two in three companies in the black. But investors are likely to look past that as they nervously await the next development in the worsening Covid-19 outbreak and how it might affect the listed companies. This and a plunge in oil prices have sparked recession fears.
The total earnings of 306 companies on the Singapore Exchange which issued their quarterly scorecards as at last Thursday rose 71.2 per cent to S$10.8 billion from a year earlier, according to data compiled by The Business Times.
