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
Add BT as a preferred source
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
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Stocks to watch: OCBC, OUE, SIA Engineering Company, OUE Reit
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Asia’s wealthy families shed taboo on succession planning as US$83 trillion changes hands: UBS
