Latest profit misses trigger flurry of downgrades for Singapore stocks
Telcos get worst revisions, trade war continues to weigh on electronics, property remains tricky, while banks are a prime pick for most brokerages
Singapore
A RASH of analyst downgrades rounds up the latest September-quarter corporate earnings parade, in which more companies fell short of the street's growth forecasts and positive surprises grew rarer.
Banks were the only consistent performers, with the rest of the sectors posting disappointing or mixed results.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS shares rise 1.9% to hit all-time intraday high as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10