Q4 numbers fail to lift hopes; muted outlook for local firms
But analysts say that banks, some developer and tech stocks and a mishmash of blue-chip counters could buck the trend and fare better
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EXPECTATIONS are not running high as the earnings season for the fourth quarter kicks in. Analysts note that weaker economic growth and investment sentiment, having taken a hit from escalating trade tensions in the second half of last year, will continue to weigh on bottom lines.
This will be further aggravated by the typical year-end lull. Some bright spots they can identify are banks, benefiting from higher net interest margins, certain blue-chip property developers as they recognise revenue from earlier projects or those completed overseas, and a handful of others that are seeing better operational performances than before because the factors that used to plague them have reversed.
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